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
New Application Period for TechCred: April 1-30, 2021 How can you boost talent for your manufacturing company? One key way is by utilizing TechCred – an innovative program that reimburses employers for helping employees earn industry-recognized, technology-focused credentials. The next TechCred application period is open as of April 1 and
Introduction To better understand COVID-19’s impact on the manufacturing industry in our region, we surveyed manufacturers across a wide range of industry segments on topics ranging from the impact on their supply chains to how they’ve been able to adapt in a radically changed landscape. Here are the results –
