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Accounting standards blamed for lack of accountants

Accounting Today

It's not just the 150-hour rule for obtaining a CPA license that may be the culprit for the talent shortage, according to an academic study.

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IFAC revises accounting education standards for sustainability reporting

Accounting Today

The International Federation of Accountants finalized revisions to International Education Standards to embed sustainability throughout training of accountants.

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Overview of Cost Accounting Standards (CAS) for Government Contractors

Cherry Bekaert

Among those regulations are the Cost Accounting Standards (CAS), which are one of the most common challenges faced by emerging government contractors. Compliance with CAS is a contractual obligation, and failure to adhere to these standards can result in financial penalties, contract adjustments and contract termination.

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FASB Staff Paper Provides Revenue Recognition Insights for Construction Contractors

CPA Practice

The Financial Accounting Standards Board released astaff educational paperthat answers questions pertaining to applying revenue recognition guidance about presentation and disclosures to construction contracts that contain retainage or retention provisions.

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Why Should Skagit County Businesses Care About FASB and GAAP?

SkagitCountyTaxServices

But there’s ANOTHER organization that you should, at the very least, be educated about as you grow. Standards are always out of date. That’s what makes them standards.” – Alan Bennett. One independent organization working to keep companies’ books clear and honest is the Financial Accountant Standards Board.

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Enhancing Financial Transparency: Effective Budgeting and Reporting for Vacation Ownership Resorts

Withum

Management should also ensure that financial reports comply with relevant accounting standards and regulations and conduct regular financial audits to identify discrepancies and areas for improvement. Educated staff can contribute to better financial management and identify cost-saving opportunities.

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Jeanne Dee Appointed to FASB Not-for-Profit Advisory Committee

Anders CPA

Jeanne Dee, CPA/CGMA, audit and assurance partner at Anders CPAs + Advisors (Anders), has been appointed to the Financial Accounting Standards Board (FASB) Not-for-Profit Advisory Committee (NAC) effective January 1, 2024.