Accounting February 6, 2026
AICPA News – Feb. 2026
AICPA News is a round-up of recent announcements from the American Institute of CPAs, the Association of International CPAs, and the Chartered Institute of Management Accountants (CIMA).
July 20, 2017
Invoice Financing Firm LSQ Sees $455 Million Quarter
LSQ entered into agreements with 16 banks in the last 12 months, and now has agreements with 40 banks, ranging from regional banks to top 10 national banks such as U.S. Bank, which recently integrated with LSQ as a way to offer invoice financing for ...
July 20, 2017
Guide Focuses on Accounting for Business Combinations
The new content incorporates analysis of Topic 805, Business Combinations, of the FASB Accounting Standards Codification, which is the authoritative accounting and reporting guide for business combinations under US GAAP. It also includes coverage of ...
July 19, 2017
AICPA News – July 2017
AICPA Applauds Passage of Mobile Workforce State Income Tax Act The American Institute of CPAs (AICPA) applauded the U.S. House of Representatives for passing the Mobile Workforce State Income Tax Simplification Act of 2017, H.R. 1393. The bill would simplify state income tax reporting and withholding rules for employees who sometimes work outside their home...…
July 19, 2017
2017 Review of Nonprofit Accounting Systems
While it’s common practice for very small nonprofits to utilize standard accounting applications, even the smallest nonprofit can benefit from utilizing a product designed specifically for their needs. Unfortunately, there are those that use ...
July 19, 2017
2017 Review of Denali FUND Nonprofit Accounting
Denali FUND Nonprofit Accounting from Cougar Mountain Software is well suited for small to mid-sized nonprofit organizations and government entities. A modular system, Denali FUND is scalable, so even the smallest nonprofit can utilize the product and sca
July 19, 2017
2017 Review of Xero for Nonprofit Accounting
Xero is offers complete online accessibility, with the product available in three versions; Starter, Standard, and Premium, with each edition offering increased product functionality. The chart of accounts is provided by default when a user signs up ...
July 18, 2017
On the FinTech Frontline: Three Key Areas Driving Payments Forward
FinTech is seriously booming. PwC research recently found 82% of financial services companies expect to increase FinTech partnerships in the next five years. The same report also identified consumer banking and fund transfers/payments as the two areas ...
July 18, 2017
Accounting Software is Making Progress
If your firm intends to be a trusted advisor in accounting, it is time to consider the myriad of changes made in the past year and announcements to be made in 2017. There are so many pending announcements from significant publishers and vendors ...
July 16, 2017
Back to School Spending Expected to Hit $83.6 Billion
With consumer confidence rising and more young people in school, back-to-college spending is expected to hit an all-time high this year while back-to-school spending is expected to see its second-highest spending level on record, according to the ...
July 16, 2017
Retail Sales Up 3.2%
Retail sales in June were mostly unchanged over May on a seasonally adjusted basis, but up 3.2 percent unadjusted from June 2016, according to calculations released by the National Retail Federation. The numbers exclude automobiles, gasoline stations and
July 16, 2017
Cyber Threats Becoming Plague for Financial Professionals
Financial and payment professionals do not anticipate any respite from cyber fraud and cyber attacks in the near future, according to a recent survey conducted by TD Bank, America's Most Convenient Bank. An overwhelming 91 percent of respondents ...
July 16, 2017
Will Self-Driving Cars Lower Insurance Costs?
Autonomous vehicle technology could shrink the auto insurance sector by 71 percent or $137 billion by 2050, according to new research by KPMG, titled The Chaotic Middle: The Autonomous Vehicle and Disruption in Automobile Insurance. KPMG has extended ...