MKS&H Articles

The Significant Updates made to Manufacturing Leases

[fa icon="calendar'] Jan 4, 2017 4:48:57 PM / by Bradley Melnyk posted in Manufacturing and Distribution

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On February 25, 2016, the Financial Accounting Standards Board (FASB) released new guidance on leases. The amendment goes into effect for fiscal years beginning after December 15, 2018, including interim periods within these fiscal years. This is an important change to be aware of, as it places most leases on the balance sheet and stops companies from only including them as footnotes.


This could be a major adjustment for manufacturing companies, especially for those with operating leases on equipment that they use on a day-to-day basis.

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How Managing Profit Margins can Decrease your Company's Risk Levels

[fa icon="calendar'] Oct 25, 2016 1:23:31 PM / by Megan Baker posted in Manufacturing and Distribution, Manufacturing

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As a company owner, you probably spend a lot of time managing the various risks within your company. You do it by looking at price levels, reviewing fixed costs, and understanding current market changes. But, by focusing on the methods you’ve always followed, you might not get a true picture of your current level of risk and how you need to adjust it to stay competitive.

Have you ever considered managing risk by managing your margins?

The world of manufacturing accounting is full of volatility. Margin management is one way to manage that uncertainty, by looking at costs and revenues together, instead of seeing them in independent silos.

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Attracting Millennials to Meet the Needs of Maryland’s Manufacturing Sector

[fa icon="calendar'] Sep 21, 2016 11:26:30 AM / by Kathy Davis posted in Manufacturing and Distribution, Manufacturing

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Manufacturing Day was established six years ago, in part to help manufacturers showcase their organizations as economic drivers of the future to a new generation of workers – millennials!

 

This year, Manufacturing Day will be celebrated across the country on or around October 7th. It was initially founded by four organizations – Fabricators and Manufacturers Association International, National Association of Manufacturers, Manufacturing Extension Partnership and Manufacturing Institute –and has grown to 1,047 events across the country.

 

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How to Start a Global Sales Strategy for Your Exports

[fa icon="calendar'] Aug 24, 2015 9:13:08 AM / by admin posted in expansion, Advisory, international sales and marketing, exporting, Manufacturing and Distribution

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Maryland manufacturers expand their product sales and increase profits by utilizing the abundance of resources in the region to export their goods to foreign countries. Over the past 5 years, the number of manufacturers exporting merchandise from Maryland increased 33.7%, which accredits to small and medium sized businesses.

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