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Brandi DiGiorgio CPA CGMA

  • The Benefits of Benchmarking Your Manufacturing Operation

    By MarksNelson on September 5, 2018
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    When was the last time you benchmarked your manufacturing operation against your competition? Are you aware of how your revenue stacks up against your peers? If you have not used benchmarking, it can be difficult to know how to price your products.
  • Tips for Building an Advisory Board for Your Business

    By MarksNelson on March 22, 2018
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    Running a company entails a broad range of skills. You no doubt already bring many of these to the table as the boss. For others, you probably rely on capable employees or engage professional advisors. There is, however, another source of leadership assistance that many business owners draw on: an advisory board made up of outside experts. Here’s how to get started.
  • AICPA Outlines Proposed New Standards for Auditing Employee Benefit Plans

    By MarksNelson on July 7, 2017
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    The AICPA has released an exposure draft outlining proposed standards for audits of employee benefit plans subject to the Employee Retirement Income Security Act (ERISA).
  • Investors and Businesses at Odds Over Inventory Disclosures

    By MarksNelson on September 7, 2016
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    The Financial Accounting Standards Board (FASB) is considering whether to require businesses to provide more details in their financial statement footnotes about their inventories.
  • Major Shift in Lease Accounting Could Cause Major Headaches

    By MarksNelson on March 1, 2016
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    For decades, companies weren’t required to report many lease-related assets and liabilities on their balance sheet. That’s all about to change under a new lease accounting standard that was issued on February 25, 2016, Accounting Standards Update No. 2016-02, Leases (Topic 842).
  • Are You Ready For The New Going Concern Rules?

    By MarksNelson on September 8, 2015
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    Under generally accepted accounting principles (GAAP), the assumption that a company will be able to continue its operations is presumed as the basis for preparing financial statements. Preparation of financial statements under this presumption is commonly referred to as the going concern basis of accounting. However, there may be conditions or events that raise substantial doubt about the company’s ability to continue as a going concern.
  • How is Your Company Doing?

    By MarksNelson on August 11, 2015
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    This simple question can mean different things to different people. But when you step back, can you really answer this question? You are most likely monitoring the financial health of your business by closely scrutinizing your financial statements. You are probably even internally benchmarking your own performance. Internal benchmarking can help you to quickly identify potential issues within your organization and steer them back into line before they get too far off track. Is that enough?
  • Simpler Accounting Option Now Available For Leasing Entities

    By Brandi DiGiorgio on March 19, 2015
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    Last year, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-07, Applying Variable Interest Entities Guidance to Common Control Leasing Arrangements. This guidance offers private companies a simpler way to account for certain related leasing entities. Businesses that adopt the alternative can avoid the potentially costly variable interest entity (VIE) analysis associated with these entities and need not consolidate these entities on their financial statements.
  • Analytics Can Drive Out of the Ballpark Performance

    By Brandi DiGiorgio on October 28, 2014
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    With the Royals entering the World Series for the first time in 29 years, I have been reading and following baseball more than I care to admit. Daily Wall Street Journal articles, twitter feeds, and Facebook updates fill my inbox. It is difficult not to get caught up in the excitement. Outside of the strange article I recently read about two men whose attire includes a wrestling singlet with a giant cat picture on the front, almost all of the articles refer to statistics.
  • 4 Keys to Entrepreneurial Success

    By Brandi DiGiorgio on October 27, 2014
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    Recently I had the opportunity to hear Silpada Designs Co-Founders Teresa Walsh, Bonnie Kelly, and Jerry Kelly reflect on the company’s tremendous growth from its establishment in 2001 to the present. Silpada is known for its remarkable journey to becoming the $250 million company it is today, and four key messages resonated with me that I believe are pertinent for every entrepreneur or business professional, from recent college graduates to CEOs.