Financial Reporting

October 8, 2015 

The FASB has a project underway to improve accounting rules for financial instruments and is expected to issue a final standard in late 2015 to make targeted improvements to existing Generally Accepted Accounting Principles (GAAP).

October 6, 2015 

Finance ministers for the G20 countries called on the OECD to develop the BEPS Action Plan to help nations align their corporate tax policies. This week, the OECD will present the plan to the G20 finance ministers in Lima, Peru.

September 30, 2015 

The Financial Accounting Standards Board (FASB) has issued two exposure drafts related to its disclosure framework project. The public, including accounting professionals and other stakeholders, have until December 8, 2015, to review and comment on ...

September 29, 2015 

The impact on the Greek economy continues to be unfold. The bailout calls for a series of austerity measures, including streamlining the Greek pension system and boosting tax revenue, especially from the value-added tax (“VAT”); reforming the labor market

September 23, 2015 

The standards help companies disclose sustainability information that is likely to be material. Example disclosure topics for these industries include management of chemicals in products, data security, labor conditions in the supply chain, and ...

September 23, 2015 

Helping your clients with a full range of services, including creating a business plan and guiding them on how to secure financing, can have a huge impact on their success, increase your integrity as a provider of services and lead to increased referrals.

Sabrina Parsons

September 22, 2015 

The enhancement introduces time-stamping and a user signature so that a valuation professional can manage and track the delivery of documents across multiple offices and teams. Sageworks’ web-based business valuation platform, adds security and ...

September 15, 2015 

Businesses can now easily track and see the financial impact on any aspect of their operations, including customers, employees, cases, projects and campaigns, by linking or sub-analyzing their chart of accounts with object elements on the Salesforce App.

September 15, 2015 

Also known as “CEO fraud,” this type of scam is surprisingly easy for criminals to pull off with just a little social engineering and a rudimentary knowledge of technology. But there’s good news – simple accounting controls can go a long way in ...

September 14, 2015 

With little access to financial resources and even smaller amounts of time, small to midsized businesses (SMBs) can have a challenging time producing timely, accurate and valuable financial calculations.

September 8, 2015 

Having a well-balanced, holistic financial plan is equally important, especially as individuals approach retirement, Cassidy says. Such a blueprint should cover guaranteed income planning, wealth management, tax minimization strategies, long-term ...

September 3, 2015 

FASB also offers free CPE webcast to look at taxonomy changes, simplification and guidance issues.