Financial reporting plays a key role when a business needs funds for continued operations and strategic investment opportunities. Lenders and investors will generally want to review your company’s financial statements before they give it money. Timely, reliable reports can increase the odds that a bank will approve your company’s loan application and equity investors will provide capital.
Melissa Motley, CPA
Recent Posts
Solid Financial Reporting Can Help Attract Debt and Equity Financing

Posted by Melissa Motley, CPA on Feb 08, 2024
Posted in Accounting & Outsourcing
The Future of Accounting: How to Embrace Cutting-Edge Technology

Posted by Melissa Motley, CPA on Jan 03, 2024
Technology is transforming the accounting profession. When businesses moved from paper ledgers to spreadsheets, it improved the timeliness, accuracy, and integrity of accounting-related data. Likewise, cloud computing and the ability to remotely access real-time data have allowed accounting departments to be far more responsive to an increasingly distributed workforce.
Posted in Business Advisory
Is your business constantly replacing its tools and small equipment? Certain items that can fit in a backpack, pocket, or even the armrest of a vehicle — such as power tools, hard hats, iPads, and RFID readers — have a tendency to “walk away” from job sites, warehouses, and offices. However, the cost of lost, damaged, and stolen items can quickly erode profits and cash flow. An effective tracking system can help remedy this problem by making workers more accountable.
Posted in Audit & Assurance
Data is the lifeblood of any modern organization — a critical asset that is not only used to operate the business but can also fuel innovation, reduce costs, and increase revenue. But managing data assets effectively comes with a set of challenges that can be difficult for organizations to navigate. Creating an effective data governance policy can help organizations mitigate risk and capitalize on opportunities.
Posted in Business Advisory
FASB Approves Updated Rules for Disclosing Income Taxes

Posted by Melissa Motley, CPA on Oct 05, 2023
On August 30, 2023, the Financial Accounting Standards Board (FASB) unanimously voted to finalize its proposed improvements to the disclosure rules for income taxes. Here’s what’s changing and when those changes are effective.
Posted in Audit & Assurance
Optimizing the Internal Audit Process for Greater Efficiency

Posted by Melissa Motley, CPA on May 11, 2023
In the current economic environment, companies are looking for ways to gain efficiencies within their Internal Audit processes and procedures. The use of Technology and Data Analytics have transformed the Internal Audit function by enabling:
Posted in Audit & Assurance
Changes in Sec. 174 Makes It a Good Time to Review the R&E Strategy of Your Business

Posted by Melissa Motley, CPA on Mar 22, 2023
It’s been years since the Tax Cuts and Jobs Act (TCJA) of 2017 was signed into law, but it’s still having an impact. Several provisions in the law have expired or will expire in the next few years. One provision that took effect last year was the end of current deductibility for research and experimental (R&E) expenses.
Posted in Tax Planning
A leadership departure in your accounting department can create turmoil, at least temporarily. However, it also provides an opportunity to assess the department’s performance and create a vision for its future performance. Here are four questions to address if your CFO or controller leaves.
Posted in Accounting & Outsourcing
Are Your Risk-Management Practices Keeping Up With the Times

Posted by Melissa Motley, CPA on Sep 15, 2022
Risks abound in today’s uncertain marketplace. Nearly two-thirds of senior finance leaders said that the volume and complexity of corporate risks have changed “mostly” or “extensively” in the past five years, according to a new report published by the American Institute of Certified Public Accountants (AICPA) and North Carolina State University.
Posted in Business Advisory
Under U.S. Generally Accepted Accounting Principles (GAAP), financial statements are normally prepared based on the assumption that the company will continue normal business operations into the future. When liquidation is imminent, the liquidation basis of accounting may be used instead.
Posted in Audit & Assurance