Accounting
FASB aims to clarify accounting for acquired revenue contracts
The board’s proposed ASU offers specific guidance on certain recognition and timing issues. Original Article Posted at : https://www.accountingtoday.com/news/fasb-aims-to-clarify-accounting-for-acquired-revenue-contracts
Read MoreIn the blogs: Hard choices
Readying for next season; AP goofs; timely look at the BBA; and other highlights from our favorite tax bloggers. Original Article Posted at : https://www.accountingtoday.com/opinion/in-the-blogs-hard-choices
Read MoreTax issues from 2020 to 2021
What Congress, clients and others did this year, and how it will impact next year. Original Article Posted at : https://www.accountingtoday.com/news/tax-issues-from-2020-to-2021
Read MoreSenate Policymakers Release $908 Billion Bipartisan COVID-19 Relief Proposals
Monday, a bipartisan group of congressional policymakers released two compromise relief bills to address the COVID-19 pandemic, totaling about $908 billion: The Emergency Coronavirus Relief Act and the Bipartisan State and Local Support and Small Business Protection Act. The latter bill addresses both state and local aid and liability protection for businesses operating during the…
Read MoreSEC awards over $300K to auditor whistleblower
The Securities and Exchange Commission awarded the whistleblower who exposed potential securities law violations in connection with their audit-related responsibilities. Original Article Posted at : https://www.accountingtoday.com/news/sec-awards-over-300k-to-auditor-whistleblower
Read MoreLearning to unlearn
Carrie Steffen of the Whetstone Group talks about why accountants need to get comfortable with forgetting what they know and learning new things on a regular basis. Original Article Posted at : https://www.accountingtoday.com/podcast/learning-to-unlearn
Read MoreHow to innovate within a CPA firm
Once CPAs adapt a truly innovative mindset, their whole approach to business and client relationships change. Original Article Posted at : https://www.accountingtoday.com/opinion/how-to-innovate-within-a-cpa-firm
Read MoreBiden’s Corporate Rate Increase Would Raise Revenue Efficiently and Progressively
President-elect Joe Biden has proposed major changes to the corporate income tax regime, including: Raising the federal statutory corporate income tax rate from 21% to…
Read MoreAccounting for goodwill impairments: An ROA approach
The Financial Accounting Standards Board has a project to review accounting for goodwill subsequent to its acquisition — again. The issue is whether to continue goodwill impairment testing as required by Statement of Financial Accounting Standards 142 (2001) or to return to goodwill amortization as mandated by Accounting Principles Board No. 17 (1970). Either way,…
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