Supply chain challenges continue to batter industries across the spectrum – and while some things are improving, for many others there’s no end in sight. To better understand what’s happening with the supply chain squeeze – and what strategies companies can use to combat the challenges they’re facing, we invited
Privately-owned manufacturers using the US Generally Accepted Accounting Principles (GAAP) as their accounting basis have found themselves spending more and more of their resources complying with US GAAP requirements – with little or no benefit for the company or the users of its financial statements. Lots of pain, little gain
Calendar-year companies that are privately-owned are required to adopt new lease accounting rules beginning January 1, 2022. These new accounting rules will impact nearly all entities utilizing U.S. GAAP; however, manufacturers may be impacted the most. Under the new guidance, U.S. GAAP entities with operating leases are now required to
More than 1,000 tri-state business and non-profit professionals attended an exclusive virtual event as Institute for Trend Research (ITR) Economics Principal and President Dr. Alan Beaulieu presented his annual economic update and forecast. The record-breaking session, co-sponsored by Huntington Bank and Frost Brown Todd, provided insights for navigating the road
Manufacturers who use the Last In, First Out (LIFO) inventory method may be in for an unpleasant surprise in the near future. As the name suggests, LIFO requires that inventory sold be expensed at the most recently purchased/produced price of a unit of inventory on hand at the time of
In a pivotal virtual event, Barnes Dennig, North Side Bank, USI Insurance and the Northern Kentucky Chamber of Commerce recently revealed the results of their 2021 Manufacturing Compensation & Benefits Benchmarking Study that surveyed manufacturing companies from Ohio, Kentucky, and Indiana. The survey collected the responses of 96 local and