CPA Practice

NOVEMBER 25, 2024

The Board of Trustees of the Financial Accounting Foundation (FAF) has announced the appointment of Robert W. Scott to a five-year term on the Governmental Accounting Standards Board (GASB). Scott currently serves as the director of finance and administration for the city of Brookfield, Wisconsin.

Wisconsin 52

Wisconsin Colorado auditor Oregon 52

ThomsonReuters

OCTOBER 18, 2024

← Blog home In the industries of business and finance, statutory reporting is a cornerstone of transparency and compliance. By engaging in statutory reporting, corporations avoid significant fines, maintain their financial accuracy, and ensure timely submissions that meet all local compliance standards.

Non-Profits 52

Non-Profits Legal financial statements tax return 52

Withum

MARCH 4, 2025

The Governmental Accounting Standards Board (GASB) issued Statement No. 34: Basic Financial Statements and Managements Discussion and Analysis for State and Local Governments was issued approximately twenty-five years ago. Description of capital asset and long-term financing activities. Earlier application is encouraged.

financial statements 52

financial statements Government accounting and finance accounting standards 52

Going Concern

JULY 29, 2024

India Today explains why US firms love hiring accountants in India : Consequently, American firms are increasingly turning to other countries to fill the gap, particularly eyeing India for its highly skilled accounting professionals. … In essence, the US accounting crisis presents a unique opportunity for Indian accountants.

CPA 116

CPA Account accountant accounted 116

ThomsonReuters

NOVEMBER 8, 2022

The weekly ESG Toolkit article published in Accounting & Compliance Alert (ACA) rounds up environmental, social and governance (ESG)-related Checkpoint updates across practice areas. SEC Accounting and Reporting Update (SARU): No. Who needs to know : Small, midsize and large companies, as well as their advisors (e.g.,

accounting and finance 59

accounting and finance audit Finance Account 59

Going Concern

JUNE 7, 2023

For some time now municipalities have felt the crunch from the accountant shortage and unlike public accounting firms feeling the same, these entities don’t have the luxury of turning down work to ease it nor can they overwork their people with no overtime. Glad you didn’t ask! Let’s see what you’ve got, Girard.

Government 52

Government accounting clerk Account accountant 52

CPA Practice

NOVEMBER 6, 2023

AICPA News is a round-up of recent announcements from the American Institute of Certified Public Accountants. The program allows UMCS students to kickstart their careers by developing their accounting, finance, and business skills and earning prestigious professional qualifications alongside their university studies.

Texas 114

Texas Georgia accounting and finance Virginia 114

PYMNTS

MARCH 6, 2019

Corporate accounting standards are changing, with the Financial Accounting Standards Board adopting new standards in ways companies report on leases, hedging and other financial activity. ” Meanwhile, previous research from Audit Analytics has also revealed that the number of accounting errors among the U.S.’s

Finance 55

Finance accounting standards accounting and finance accounting principles 55

CPA Practice

SEPTEMBER 1, 2023

More than 90% of companies in 90 countries are prioritizing Environmental, Social and Governance (ESG) goals. While it is exciting that organizations are stepping up to pursue responsible practices en masse , the reality is that the onus to comply with related reporting requirements is on accounting and finance professionals.

accounting and finance 98

accounting and finance Non-Profits accounting standards Finance 98

Cherry Bekaert

MAY 16, 2023

Authors: Kenneth Woodring , Senior Manager, Risk & Accounting Advisory Services , Graham Michitsch , Senior Manager, Risk & Accounting Advisory Services Congratulations to successfully completing your implementation of ASC 842 and IFRS 16 – Leases. Has the monitoring process been included in your internal control framework?

Account 98

Account accountant accounted accounting and finance 98

Cherry Bekaert

MAY 9, 2024

The Governmental Accounting Standards Board (GASB) has issued Statement No. 102, Certain Risk Disclosures , to provide users of government financial statements with essential information about risks related to a government’s vulnerabilities due to certain concentrations or constraints.

financial statements 95

financial statements Government Manufacturing accounting and finance 95

Cherry Bekaert

MARCH 27, 2024

It is imperative that real estate owners, developers and investors understand the structural intricacies and financial implications of DSTs so that they can reap tax benefits and properly account for the investment. the DSTA), which provides flexibility regarding its governance, operations and purposes. 3801 et seq.

Delaware 110

Delaware Real Estate Legal accounting standards 110

Going Concern

MAY 12, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Working in the Big Four seems to be more limited to just like, CFO or chief finance type roles.” The accountancy sector is no exception. Investment banking was more versatile, he said.

CPA 111

CPA Account accountant accounted 111

Cherry Bekaert

MAY 22, 2023

The Governmental Accounting Standards Board (GASB) Statements 87, 94 and 96 are all based on the underlying concept that leases, P3s and SBITAs are all financings of the rights to control someone else’s assets. In its broadest sense, a vendor/customer relationship with a government can be considered a P3.

Hospitality 98

Hospitality Construction accounting and finance Government 98

CPA Practice

MAY 26, 2023

Oracle has launched Oracle NetSuite for Government , a new suite of cloud solutions specifically designed for the needs of small-to-midsize state and local government agencies. It also provides agencies the scalability and flexibility required to adapt to changing tax, statutory reporting requirements, and community needs.

NetSuite 52

NetSuite Government general ledger Approval Workflows 52

Cherry Bekaert

MARCH 27, 2024

It is imperative that real estate owners, developers and investors understand the structural intricacies and financial implications of DSTs so that they can reap tax benefits and properly account for the investment. the DSTA), which provides flexibility regarding its governance, operations and purposes. 3801 et seq.

Delaware 98

Delaware Real Estate Legal accounting standards 98

inDinero Accounting

JUNE 29, 2023

Accrual Accounting is a vital component of Generally Accepted Accounting Principles (GAAP). Understanding the principles of GAAP accrual accounting can be challenging and daunting; however, with the right guidance, it can be achieved. What are Generally Accepted Accounting Principles (GAAP)?

accrual accounting 95

accrual accounting accounting principles accounts payable accounting and finance 95

Going Concern

DECEMBER 22, 2023

Barring any huge incident like an accounting firm getting raided by the FBI on Christmas Day, there will not be any breaking news. One key reason: PwC is trying to compete for top talent amid a dwindling number of accounting majors. Tips are still welcome , nay, encouraged , and we’ll be monitoring the tipline. and Mexico.

auditor 111

auditor audit accounting firms accounting and finance 111

PYMNTS

JUNE 4, 2020

The International Accounting Standards Board introduced a significant overhaul to lease accounting standards , and while the changes went into effect at the start of 2019, corporates continue to face challenges to adhere to the standards and remain compliant. In the U.S.,

Real Estate 52

Real Estate Account accountant accounted 52

Cherry Bekaert

APRIL 26, 2024

The Financial Accounting Standards Board (FASB) issued two Accounting Standard Updates (ASUs) in the first quarter of 2024. The Government Accounting Standards Board (GASB) did not issue any new GASB Statements in the first quarter of 2024. Second, determining the proper accounting involves judgment.

accounting standards 88

accounting standards accounting and finance income tax financial accounting 88

PYMNTS

APRIL 29, 2020

To provide immediate cash flow for small- to medium-sized businesses (SMBs), the American Institute of CPAs (AICPA) is asking for the Federal Reserve to make a short-term accounts receivable (AR) lending facility that is federally backed, according to an announcement.

Finance 57

Finance cpas B2B accounting standards 57

Cherry Bekaert

OCTOBER 25, 2023

After a period of relative inactivity, standard setters have issued four new standards. The Financial Accounting Standards Board (FASB) has issued Accounting Standard Update (ASU) 2023-03 through ASU 2023-06. A summary of those changes follows: Staff Accounting Bulletin No.

financial statements 111

financial statements accounting and finance accounting standards Finance 111

Cherry Bekaert

MARCH 14, 2023

Companies will also need to review accounts receivable to determine if there are any risk characteristics and segmentation that would necessitate different loss rates. Scoping For private companies, the first step we recommend performing as part of the adoption of CECL is to identify all in scope financing receivables. How Can We Help?

auditor 96

auditor accounting and finance accounting standards Finance 96

CPA Practice

JULY 8, 2024

Among his areas of focus are healthcare finance, mergers and acquisitions, fundraising and federal grants, and legal compliance. Sean Linde is an expert in employee benefit plan audit services across industries and also has experience with other audit and accounting services.

Delaware 101

Delaware audit Entertainment Healthcare 101

CPA Practice

MAY 22, 2023

LeaseCrunch LLC , a leading lease accounting software company, is excited to announce its active participation in multiple accounting conferences in the upcoming weeks. As a sponsor, exhibitor and presenter, LeaseCrunch is dedicated to engaging with industry professionals and offering valuable insights on lease accounting standards.

Account 52

Account accountant accounted Oregon 52

Going Concern

OCTOBER 7, 2022

Accounting’s Big Lie — and How to Fix It [ Project on Government Oversight ] A colossal conflict of interest compromises the auditing of public companies and the financial security of everyone who depends on them. The Project On Government Oversight is planning a conference on what to do about it. stood at 3.18 trillion won ($2.24

Illinois 98

Illinois CPA audit financial statements 98

Cherry Bekaert

APRIL 10, 2023

Author: Graham Michitsch, Senior Manager, Risk & Accounting Advisory Services Level Setting and Examining Current State In today’s current business environment, accounting departments play a critical role to help ensure the financial health and sustainability of organizations. However, these solutions can take time.

Technology 75

Technology Account accountant accounted 75

Going Concern

APRIL 15, 2024

In response, the Public Company Accounting Oversight Board has drafted a rule that the accounting firms can have public trust or private financials—but they can’t have both. Public accounting firms operate in a unique space in our society. Regulations need to change to match. But what about the books of the auditor?

audit 64

audit Account accountant accounted 64

ThomsonReuters

DECEMBER 6, 2022

The spotlight on environmental, social, and governance (ESG) continues to intensify as businesses are increasingly being called upon to disclose more about their ESG performance and strategies. Given the increased focused on ESG, this blog marks the first in a series dedicated to ESG and its impacts on the accounting profession.

auditor 59

auditor Account accountant accounted 59

ThomsonReuters

JANUARY 18, 2024

Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences? GAAP and AICPA What issues should accountants be aware of in the profession? How can accountants be more efficient? Accountant responsibilities extend far beyond number crunching.

Account 59

Account accountant accounted tax preparation 59

LSLCPAs

SEPTEMBER 10, 2024

LSL Webinar “Back to Basics | Capital Assets Crash Course” presented Noah Daniels, CPA, CPFO, and James Butera, MBA, CPA, broke down the lifecycle of capital assets for local government finance departments. The post Capital Assets in Action: A Crash Course with Examples for Audit Prep appeared first on LSL CPAs.

audit 52

audit cpas accounting standards CPA 52

Accounting Seed

MARCH 17, 2022

That requires a knowledge of foreign exchange accounting or the use of sophisticated software such as Accounting Seed. What is Foreign Exchange Accounting? Foreign exchange accounting is a set of rules for tracking business transactions in foreign currencies. Accounting for Foreign Exchange.

Account 59

Account accountant accounted accounting principles 59

ThomsonReuters

APRIL 18, 2023

The accounting profession has faced a profound shift in recent years: from significant regulatory changes to an influx of innovative technologies, to reimagined business models, to an increase in client expectations. What are the current issues in accounting? but there are several common hurdles that often run industry wide.

Account 52

Account accountant accounted Technology 52

Cherry Bekaert

JULY 29, 2024

The Financial Accounting Standards Board (FASB) did not issue any new Accounting Standard Updates (ASUs) in the second quarter of 2024, while the Government Accounting Standards Board (GASB) issued one new GASB Statement. The latest issue of the Rundown features a summary of this new standard.

accounting standards 52

accounting standards accounting and finance income tax Government 52

Going Concern

MARCH 22, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Movers and Shakers Jackson M. Day to the role of director of technical activities.

Minnesota 113

Minnesota cpas audit CPA 113

PYMNTS

AUGUST 1, 2018

Trade finance is a critical part of cross-border trade, particularly for small businesses. The explosion of different kinds of trade finance enables businesses to address multiple areas of cash flow gaps for both buyers and suppliers, all with the same goal: keep the global trade gears turning. Defunct U.K. Defunct U.K.

Finance 40

Finance accounting and finance corporate accounting accounting standards 40

Xero

DECEMBER 13, 2023

Trend #4: Carbon accounting the next frontier for compliance We’re well into the critical decade of climate action and pressure will begin to mount on governments and industries to reduce their carbon emissions to meet the IPCC’s 2030 deadline.

Technology 111

Technology accounting and finance Education Entertainment 111