January 27, 2016
Under Generally Accepted Accounting Principles (GAAP), defined benefit pension cost and postretirement benefit cost (net benefit cost) comprise several components that reflect different aspects of an employer’s financial arrangements, as well as the ...
January 22, 2016
The CFO is trained to picture every detailed step when reviewing a process. The CFO foresees bottlenecks in operational activities few others are trained to find. As a result, the CFO brings a new level of clarity to software development, eliminating ...
January 22, 2016
Internal controls over financial reporting and data security have leaped to the top of the list of compliance issues that cause sleepless nights for executives who prepare corporate financial information.
January 6, 2016
The ASU on recognition and measurement will take effect for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. For private companies, not-for-profit organizations, and employee ...
December 30, 2015
The GAAP Financial Reporting Taxonomy is a list of computer-readable tags in eXtensible Business Reporting Language (XBRL) format that allows companies to tag precisely the thousands of pieces of financial data that are included in typical long-form ...
December 30, 2015
The IRS has issued a two-month extension for employers and issuers to provide individuals with forms reporting on offers of health coverage and coverage provided. The new deadline is March 31, 2016.
December 22, 2015
When asked about the number of business systems managed, more than half the respondents (57 percent) said they manage between 3-5 systems. In fact, only 11 percent of those surveyed said they only manage their financial system.
December 22, 2015
Each year, employers across the country realize that they need to adjust their payroll data after their final payroll run of the year. Here are three of the most common adjustments that can be avoided with just a little planning.
December 17, 2015
The Portfolios provide a detailed description of the five steps corporations will need to employ in recognizing revenue and offer practical insight to professionals within corporations responsible for implementing and complying with the new standard.
December 17, 2015
Now is the time to start thinking about recent tax changes and how they affect your business. Even for the most organized among us, keeping the mountains of tax details straight is a tough and trying task, taking the focus off of the daily ...
November 18, 2015
With this guide, we hope to help you navigate the ins and outs of getting your compliance and benefits ready for end of year.
November 17, 2015
As the year winds down, the holiday season brings with it tax reporting season – which can be a hectic time for businesses. Changing regulations, looming deadlines and the threat of penalties can quickly replace “jolly” with “humbug.”