The New Allowance Rule? Allow For Inflation
Press|29 Sep 2022
The Reuters article on new accounting rules highlights how the revised allowance rule will permit businesses to adjust for inflation, potentially impacting their financial statements. Jason McGarraugh from BentOak Capital notes the significance of these changes for financial planning, stating, “understanding how to incorporate these new allowances will be essential for accurate financial forecasting.” This insight underscores the importance of adapting to evolving regulations in financial management.
Author: Chris Taylor, Publisher: Reuters, Date: September 29, 2022.
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