Accounting

 AICPA Issues New Revenue Recognition Guide

January 17, 2017 

AICPA Issues New Revenue Recognition Guide

With companies and not-for-profit entities facing a top-to-bottom review of their revenue recognition because of a looming accounting standard, the American Institute of CPAs (AICPA) has issued the first online edition of an Audit & Accounting Guide ...

 Clarity on Switch from SSAE 16 to SSAE 18

January 16, 2017 

Clarity on Switch from SSAE 16 to SSAE 18

The switch from SSAE 16 to SSAE 18 will have an impact on companies who currently perform the SSAE 16 audit, but will have an even greater impact on those companies who are considered third party vendors to other businesses, and currently do not ...

 FASB to Host Roundtable Meetings on Disclosure Framework

January 16, 2017 

FASB to Host Roundtable Meetings on Disclosure Framework

The purpose of the roundtable meetings is to obtain feedback on whether the proposed FASB Concepts Statement, Conceptual Framework for Financial Reporting—Chapter 8: Notes to Financial Statements (Chapter 8) , is useful in identifying relevant ...

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January 16, 2017 

Report Helps Businesses Prepare for Trump Tax Reforms

KPMG has issued a detailed report, “Understanding the Tax Reform Process: FAQ,” with a high-level overview on the U.S. tax reform outlook and steps for businesses to consider for a possible tax overhaul. The report – in question/answer format, ...

Marijuana Pot Store

January 16, 2017 

California Marijuana Shops Go Upscale, Resemble Apple Stores

Cannabis entrepreneurs, borrowing from successful retailers such as Apple and Whole Foods, are opening dispensaries with natural light, spacious displays and open-floor plans. With weed now legal for recreational use in California and six other states ...

 What is a Business? FASB Clarifies Definition

January 16, 2017 

What is a Business? FASB Clarifies Definition

The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) that clarifies the definition of a business. The ASU affects all companies and other reporting organizations that must determine whether they have ...

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January 15, 2017 

Generation Z Still Prefers Brick and Mortar Stores

With the global Gen Z population set to reach 2.6 billion by 2020, retailers need to create more interactive engagement around their brands to serve the “always on,” mobile-focused, high-spending demographic, according to the study.

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January 12, 2017 

List Highlights Top-Rated Tax and Accounting Pros

When searching for tax and accounting help, it can be hard to determine who is a superstar and who is nonresponsive. The TaxBuzz Top 50 recognizes the best-reviewed and highest-rated CPAs, EAs and tax professionals of 2016.

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January 11, 2017 

Americans Spent $46 Billion on Gift Cards in 2016

Gift cards have become not only an acceptable substitute for more traditional gift options, but are increasingly expected and eagerly used, especially among "older" Millennial adults, according to market research firm Packaged Facts in the report ...

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January 11, 2017 

NVCA Adds New Award Categories for 2017

The new award categories include the Rising Star Award, Excellence in Healthcare Innovation Award and the Venture Firm of the Year Award. These three new award categories join the current roster of awards that includes the Lifetime Achievement in ...