On September 16, the Federal Reserve raised its target interest-rate range by 0.25 percentage points, to 3.75%–4.00%. Major banks subsequently increased their prime lending rate from 6.75% to 7.00%. For business owners, real estate operators, and nonprofit executives, this is more than an economic headline. It can directly affect interest expense, cash flow, forecasting, capital projects, and the financial information used to make decisions. THE ACCOUNTING IMPACT Companies wi