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Entries by Jason Patch

Revenue Recognition Changes Are Here. Is Your Manufacturing Company Ready?

Posted 1:00 PM by
In recent years, the Financial Accounting Standards Board (FASB) received feedback that revenue recognition guidance was fragmented at best, confusing at worst. This is significant considering revenue is the key measurement used to determine a manufacturing company’s performance. In response to this feedback, the FASB issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, in May 2014, and subsequently amended it. This is the most significant revision to U.S. Generally Accepted Accounting Principles (U.S. GAAP) revenue recognition standards in history.
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Uncertainty Puts Damper on Manufacturing

Posted 3:38 PM by
Indiana’s manufacturers have overcome big challenges in recent years to post encouraging numbers. But one of their biggest challenges continues to dog them: uncertainty.
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Manufacturing Insiders: Insights from the Nation’s Largest Industrial Trade Association

Posted 4:00 AM by
The National Association of Manufacturers (NAM) recently invited members of Manufacturing CPAs (Katz, Sapper & Miller included) to its Washington, D.C., office for an exclusive conversation about issues NAM is currently researching and advocating.
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KSM to Join IMA’s State of Indiana Manufacturing Tour

Posted 4:00 AM by
As economists and politicians continue to debate the latest GDP numbers, one conclusion can definitively be determined—manufacturing continues to dominate Indiana’s economy.
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Indiana’s Manufacturing and Logistics Report Card: Good Grades but Looming Threats

Posted 12:36 PM by
More than 250,000 Hoosiers make their living working in advanced manufacturing. Nationally, Indiana has the third highest employment numbers in the sector, and recent data indicates Indiana has a healthy economic outlook going forward compared to other states in the region.
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As Manufacturing Mood Slips, Policymakers Should Take Heed

Posted 12:00 PM by
Indiana’s manufacturing sector continues to generate its share of economic development victories: The recent news that Subaru of Indiana will invest another $140 million and create 1,200 new jobs at its Lafayette plant is a major vote of confidence.
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Survey Shows Building Momentum for Manufacturing

Posted 8:13 PM by
A recent article in INdiana Connections, published by Inside INdiana Business in partnership with Conexus Indiana, highlights the findings of Katz, Sapper & Miller's recently released 2012 Indiana Manufacturing Survey.
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Is Your Company Lean?

Posted 4:40 PM by
Have you ever taken a minute to look around your office, different areas of the manufacturing process, or the shipping and receiving area? Do you see waste? If yes, you may want to consider the implementation of lean processes.
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Capital Expenditures: Is Now the Time?

Posted 5:44 PM by
Is your manufacturing or distribution company considering additional capital expenditures for equipment or other improvements? If yes, don't forget about laws passed in 2010 that may offer significant tax benefits through the use of Section 179 expensing and bonus depreciation.
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FASB/IASB Revenue Recognition Proposals Re-Exposed

Posted 12:00 PM by
The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have agreed that their revised proposals for a common revenue recognition standard should be re-exposed. The original exposure drafts were issued in June 2010.
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