LIFO Manufacturers May Be in for an Unpleasant Surprise
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
New Manufacturing Compensation Study Gives Insights on Pay, Benefits, and Trends
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
Businesses Coping as Coronavirus Impacts Manufacturers
The coronavirus, thought to be one of the most significant global health emergencies of the decade, is affecting more than just public health. Businesses across the globe are coping with wild swings in the stock market, and because quarantine orders have forced many Chinese factories to delay production, U.S. manufacturers
How The End of LIBOR Could Impact You
LIBOR is widely used in the U.S. to as a basis for variable-rate debt and interest rate swaps. However, because of recent LIBOR manipulation scandals and other factors, Andrew Bailey, Chief Executive for the Financial Conduct Authority of the United Kingdom has “made clear the need to transition away from
Manufacturing Outlook Record High in 2019
The optimistic outlook for manufacturing companies in Kentucky, Ohio, Indiana and across the United States has reached a record high. It appears that many of the changes ushered in through tax reform combined with pro-growth policies enacted by the current administration are allowing manufacturing companies to seize new opportunities in
Are You Ready for Revenue Recognition?
SEE ALSO >>ASC 606 – Revenue Recognition Adoption Services When it comes to business, sports or life, success is all about timing. The winning play, getting the big project, or meeting the right person are all situations that share a common thread. The same can be said for revenue