Manufacturing Accounting: Turning Business Decisions Into Opportunities
Texas has long been known for oil and gas, but manufacturing is an equally important part of the Texas economy. Today, the industry is becoming even more diverse, from traditional metal and equipment manufacturers to semiconductor, aerospace, chemical and advanced technology companies. Texas had over 960,000 manufacturing jobs as of September 2025, and […]
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New Accounting Rules for Leases
In February 2016, the Financial Accounting Standards Board (FASB) issued the final rules for lease accounting. This new lease standard will affect organizations with real estate, equipment and other similar type operating leases. Generally, leases with term in excess of 12 months will be recorded on the balance sheet as an asset (right to use […]
