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FASB Aims to Improve Derivative Accounting

CPA Practice

Investors, accounting firms, and other stakeholders have until Oct. 21 to provide comments on a new proposed Accounting Standards Update (ASU) issued by the Financial Accounting Standards Board (FASB) on Tuesday that aims to clarify rules on derivative accounting.

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Tokenization: Transforming Finance and Elevating the Role of Accounting and Audits

Withum

Accountants will be instrumental in designing and reviewing these smart contracts to ensure compliance with accounting standards and regulations. They will play a vital role in aligning the terms and conditions of smart contracts with the underlying accounting principles.

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The Importance of an Accurate Balance Sheet

Basis 365

Complying with Accounting Standards and Tax Regulations An accurate balance sheet is also vital for complying with accounting standards and tax regulations. It helps ensure that your financial statements are prepared by following generally accepted accounting principles (GAAP).

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Friday Footnotes: Accounting AI Explodes; SOX Compliance Sux; KPMG Gets on a List | 6.17.22

Going Concern

KPMG has gone above and beyond my expectations of a Big 4 accounting firm because of their attention they give their employees. FASB also rescheduled its upcoming webcast that will provide a semi-annual update on its standard-setting activities pertaining to private companies and nonprofit organizations.

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The Importance of an Accurate Income Statement

Basis 365

How Outsourcing Your Accounting Can Help Maintaining an accurate income statement requires meticulous record-keeping and a deep understanding of accounting principles. This is where outsourcing your accounting can make a significant difference.

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AICPA Dealership Conference – Updates and Takeaways

Withum

Every year the top dealership accounting firms and CFOs converge to discuss the latest hot topics as they relate to dealerships and dealership accounting issues. This year, a group from Withum attended to bring all of the best information back to our clients and our team.

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Monday Morning Accounting News Brief: PwC Consolation Prizes; Al Pacino’s Accountant Ripped Him Off | 10.21.24

Going Concern

Financial reporting data has become extremely structured and repeatable across all enterprises because it’s guided by the standards set out through generally accepted accounting principles (GAAP), which are governed by the Financial Accounting Standards Board (FASB).