The Private Company Council (PCC) voted to remove the effective dates from the four accounting standards updates that it has created to provide GAAP alternatives for private companies.
The Financial Accounting Standards Board (FASB) has issued two proposed Accounting Standards Updates (ASUs) intended to improve financial reporting by employers related to defined benefit pension and other postretirement benefit plans.
In order to deal with tons of big data, you can’t ignore the important role Excel plays in daily work. However, both for beginners and advanced users, there are still many useful tips and tricks that are inevitably overlooked. Here are 20 useful Excel spreadsheet secrets you may not know.
This article is a great addition to the 01/26/16 post: 7 Excel Tricks That’ll Make Your Life a Lot Easier (Especially if You’re Not a “Numbers” Person)
The Treasury Inspector General for Tax Administration (TIGTA) urges taxpayers to remain on “High Alert” and has announced additional outreach efforts to prevent them from falling victim to criminals who impersonate Internal Revenue Service and Treasury employees this filing season.
The Internal Revenue Service (IRS) urges all tax return preparers to get off to a clean start this January and perform a security deep scan of their computer drives and devices.
Already in 2016, the IRS is seeing multiple email phishing scams – some posing as the IRS – targeting tax preparers. These scams are designed to steal sensitive information – either the preparers’ passwords for IRS accounts or sensitive taxpayer data stored on computers.
More than 18 months ago, the Financial Accounting Standards Board and the International Accounting Standards Board issued a new converged accounting standard relating to revenue from contracts with customers. This new converged accounting standard was designed to help users of financial statements better understand the nature, amount, timing and uncertainty of revenue and cash flows from contracts with customers and assets recognized from the costs to obtain or fulfill a contract.
The AICPA Auditing Standards Board issued an amendment Thursday clarifying the format of the auditor’s report that should be used for an audit conducted in accordance with the standards of the PCAOB when the audit is not under the PCAOB’s jurisdiction.
Here is a quick roundup of tax-related investment strategies and news you may be thinking about.
In order to answer this question, we must first define the term “accounting method” and then examine the other possible methods of accounting.
You may have thought you’d never have to use Excel when you grew up and got a real world job. (“Numbers? Data? Nope, not me!”) But this program seems to find its way into almost every job, no matter what industry or department you’re in.