BREAKING NEWS

BMF Announces New Governance Structure

We are excited to announce a new governance structure for our firm, which will continue to strengthen our overarching strategic objective to remain independent while providing the high-quality, proactive service you expect and deserve.

Articles & Publications

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Accounting for Revenue Recognition Will be Changing Soon

After nearly 13 years of work, the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) issued their converged standard on revenue recognition on May 28.  The objective of the new revenue standard is to provide a. Read More >>

Big GAAP vs. Little GAAP vs. No GAAP

The AICPA Issues the Financial Reporting Framework for Small- and Medium-Sized Entities In June 2013, the American Institute of CPAs issued the Financial Reporting Framework for Small- and Medium- Sized Entities (FRF for SMEs), a new option for businesses. Read More >>

Private Company Counsel provides relief from consolidation rules

Relief, at long last!  On March 20, the Financial Accounting Standards Board (FASB) issued long-sought relief to private companies from a rule that required them to consolidate separate companies under common control when one of the companies leases from. Read More >>

FASB Issues Revised Proposal for Lease Standards

In March 2011, we advised that the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) were considering dramatic changes to the accounting rules for leases exposure draft issued in August 2010, after significant concerns were. Read More >>