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KPMG Consumer & Retail highlights on ESG, business transformation, and consumer behavior. KPMG worked with The Consumer Goods Forum on the 2022 review which highlights their progress towards a sustainable future in the C&R https://www.projectpractical.com/accounting-in-retail-inventory-management-primary-considerations/ industry. Retailer Rewarded by Early Revenue Recognition Adoption Analysis A retailer undergoing an enterprise resource planning system upgrade needed to know the impact of adopting the new revenue recognition standard.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. As the retail industry rapidly changes, a company’s ability to exceed customer expectations—from browsing experiences to delivery—continues to determine profit and sustainability. Join us for an on-demand webcast to learn how successful retailers are using advanced data to create a focused view of their customers. Prager Metis’ advisors help retail and consumer products companies by understanding their business and their brands within the ever changing worldwide economic and political environment.

PRIVATE EQUITY RELATIONSHIPS

The private company deadline for implementing the new lease accounting standard is rapidly approaching. There are significant advantages to working with a firm having practical, proven experience in advising and assisting organizations in their efforts toward transitioning to Topic 842. Our team can advise and assist on all aspects of the new lease accounting standard, including implementation. Our detailed plan will focus on potential challenges and risks along the way. MHM (Mayer Hoffman McCann P.C.) is an independent CPA firm dedicated to learning about your organization and helping you meet your requirements and make informed decisions.

The evolution of brick-and-mortar locations and service models makes it more important than ever that you have guidance you can trust to see you through change. Knowing you and how to service your needs means understanding how the online business model and other industry trends affect everyone from start-ups to family-owned businesses, and big-box retailers. MHM has the experience and solutions you can rely on for compliance, risk management, and adapting to the new world of retail and real estate bookkeeping consumer products. © 2023 Grant Thornton LLP – “Grant Thornton” refers to the brand under which the Grant Thornton member firms provide assurance, tax and advisory services to their clients and/or refers to one or more member firms, as the context requires. GTIL is a nonpracticing umbrella entity organized as a private company limited by guarantee incorporated in England and Wales. We offer tailored accounting and tax solutions that consider both the retailer and supplier perspective.

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Our clients include companies in the food, beverages, personal and household care, consumer durables, luxury goods, apparel and shoes, recreational products, over-the-counter medicines and other sectors. The breadth of our experience and expertise, combined with our broad ecosystem of best-of-breed partners, ensures that we tailor powerful solutions that meet your exact needs. Businesses in the Retail and Consumer Products market segment face many challenges when it comes to the current landscape that they operate in. Meeting long-term goals means dealing with the inherent challenges of the global economy and constant change in consumer demand when it comes to product offerings.

Discover how EY insights and services are helping to reframe the future of your industry. This virtual event will share current trends, challenges, and opportunities taking place throughout the commercial products industry. Dive deeper into industry hot topics to help your business stay ahead of change and plan for what’s next with our complimentary webcasts, available to view on demand. Explore the latest retail industry trends and how your business can stay competitive in the constantly evolving retail landscape.

Five Steps to Recession-Proof Your Consumer Products Company

Plus, get access to the critical financial solutions that can enhance management of your practice and overall quality of life. This trust and confidence allows us focus on our day-to-day business and do what we do best. They are a highly professional accounting firm offering a wide range of services. Our tax specialists identify and navigate nexus and other state and local sales tax compliance requirements and identify opportunities for state and local tax credits for research and development initiatives.