CPA Practice

OCTOBER 31, 2024

The Financial Accounting Standards Board (FASB) has published a proposed Accounting Standards Update (ASU) intended to improve the requirements for identifying the accounting acquirer in FASB Accounting Standards Codification Topic 805, Business Combinations.

accounting standards 111

accounting standards accountant Account accounted 111

CPA Practice

JUNE 2, 2023

Therefore, filing for exceptions on financial statements could bring your clients oversight ramifications and put their bank relationships at risk. If your clients do need GAAP exceptions for this year’s financial statements, it’s best to first ensure the bank is aware and has approved their use.

accounting standards 52

accounting standards accountant Account accounted 52

Acterys

OCTOBER 20, 2024

To help you succeed, we’ve put together a list of FP&A reporting essentials to quickly analyze financial data, create financial reports, and distribute that information among stakeholders. Financial reporting provides a retrospective view of your company’s financial status.

financial statements 130

financial statements accounting and finance accounting standards accounting principles 130

CPA Practice

OCTOBER 17, 2024

The Governmental Accounting Standards Board ( GASB ) has issued guidance that establishes requirements for certain types of capital assets to be disclosed separately for purposes of note disclosures. GASB Statement No. Recent GASB pronouncements like Statement Nos.

financial statements 128

financial statements accounting standards Sales Government 128

Cherry Bekaert

JANUARY 19, 2023

Contributor: Jack McKee, Manager | Government & Public Sector Governmental Accounting Standards Board (GASB) Statement 96 provides guidance and addresses how the costs and investments for subscription-based information technology arrangements (SBITAs) are accounted for and disclosed by governmental entities.

Technology 98

Technology Government accounting standards financial statements 98

CPA Practice

NOVEMBER 14, 2024

The Financial Accounting Standards Board (FASB) is calling on academics, accountants, auditors, lenders, financial statement preparers, and other stakeholders to provide their views on financial key performance indicators (KPIs). The FASB on Nov.

financial statements 52

financial statements auditor accounting standards financial accounting 52

CPA Practice

DECEMBER 14, 2023

The Financial Accounting Standards Board ( FASB ) has issued an Accounting Standards Update (ASU) that addresses requests for improved income tax disclosures from investors, lenders, creditors, and other allocators of capital (collectively, “investors”) that use the financial statements to make capital allocation decisions.

income tax 110

income tax Tax accounting standards financial statements 110

Going Concern

JULY 23, 2024

Exactly what they said was: The PCAOB’s standard-setting agenda includes a research project to assess whether there is a need for guidance, changes to PCAOB standards, or other regulatory actions in light of the increased use of technology-based tools in the preparation and subsequent audit of financial statements.

audit 118

audit financial statements accounting standards Legal 118

CPA Practice

JUNE 24, 2024

Here are some recommended forms and templates that can be valuable: Client Onboarding Form: To gather essential information from new clients, including contact details, business nature, and financial information. Additionally, they should be regularly updated to comply with evolving accounting standards and regulations.

accounting firms 124

accounting firms cpa firm accountant Account 124

Withum

MARCH 1, 2024

In November 2023, the Financial Accounting Standards Board (FASB) issued a new Accounting Standards Update (ASU) to improve disclosures related to reportable segments. Segment information allows users of the financial statements to better understand the activities that comprise a company’s business.

Non-Profits 80

Non-Profits financial statements accounting standards financial accounting 80

Accounting Today

NOVEMBER 4, 2024

In response to demand from investors, public companies will be required to disclose more information about certain expenses in the notes to financial statements.

financial statements 108

financial statements accounting standards accounted accountant 108

CPA Practice

JULY 15, 2024

The Financial Accounting Standards Board (FASB) issued a new chapter of its Conceptual Framework related to the measurement of items recognized in financial statements on July 12, marking the end of this multiyear project.

accounting concepts 104

accounting concepts financial statements accounting standards financial accounting 104

CPA Practice

NOVEMBER 27, 2023

The Financial Accounting Standards Board (FASB) on Monday approved new rules that are expected to improve disclosures about a public company’s reportable segments and provide more information to investors about a segment’s expenses. The changes outlined in Accounting Standards Update (ASU) No.

accounting standards 125

accounting standards financial statements financial accounting Account 125

CPA Practice

MARCH 16, 2023

The Financial Accounting Standards Board released a proposed Accounting Standards Update (ASU) on Wednesday that addresses requests from investors for improved income tax disclosures.

income tax 111

income tax Tax accounting standards financial statements 111

CPA Practice

JANUARY 11, 2024

The Governmental Accounting Standards Board has issued new guidance that requires state and local governments to disclose information about certain risks. GASB Statement No. This would allow users to make informed decisions about these and to evaluate accountability. Earlier application is encouraged.

financial statements 105

financial statements Control Spend Government accounting standards 105

ThomsonReuters

FEBRUARY 8, 2024

Accounting assumptions, along with accounting principles and concepts, provide professionals with the necessary framework for preparing financial statements. It should be noted that accounting assumptions are not based on subjective opinions or guesstimates. What are the main accounting assumptions?

accountant 96

accountant Account accounted accounting principles 96

CPA Practice

DECEMBER 22, 2023

The Financial Accounting Standards Board has issued a proposed new chapter of its Conceptual Framework related to the measurement of items recognized in financial statements. A Statement of Financial Accounting Concepts is nonauthoritative and does not establish or change generally accepted accounting principles.

accounting principles 104

accounting principles accounting concepts financial statements accounting standards 104

CPA Practice

JULY 23, 2024

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.

accountant 122

accountant Account accounted accounting principles 122

CPA Practice

OCTOBER 9, 2023

The Financial Accounting Standards Board ( FASB ) has issued an Accounting Standards Update (ASU) that incorporates certain U.S. Securities and Exchange Commission (SEC) disclosure requirements into the FASB Accounting Standards Codification. In SEC Release No.

accounting principles 110

accounting principles accounting standards financial statements financial accounting 110

CPA Practice

SEPTEMBER 7, 2023

The Financial Accounting Standards Board (FASB) unanimously approved new rules on Sept. Our mission is to best reflect the economics of a transaction and provide investors and allocators of capital with the information they need. I think this [standard] moves the needle there.

accounting standards 98

accounting standards financial statements Account accounted 98

CPA Practice

OCTOBER 11, 2024

Several Governmental Accounting Standards Board (GASB) proposals regarding the accounting and financial reporting for infrastructure assets are on the table for stakeholders to review and provide feedback. 10 on the infrastructure assets project, which the standard-setting board said is in its “relatively early stage.”

financial statements 59

financial statements Government accounting standards Account 59

Cherry Bekaert

JUNE 20, 2024

More than 20 years after issuing Statement No. 103, Financial Reporting Model Improvements (GASB 103). Budgetary Comparison Information Budgetary comparison schedules should be presented as required supplementary information for the general fund and each major special revenue fund that has a legally adopted annual budget.

financial statements 64

financial statements Government accounting and finance accounting standards 64

Withum

MAY 28, 2024

The Financial Accounting Standards Board (FASB) has issued two new accounting standards updates applicable to business combination accounting. It is expected to provide more useful information to investors and other financial statement users.

accountant 69

accountant Account accounted accounting standards 69

Withum

JANUARY 12, 2024

Obtaining a PPA is important for several reasons, particularly the following: Accurate Financial Reporting PPAs ensure that the financial statements of the acquiring company accurately reflect the fair value of the assets and liabilities acquired in the business combination.

Real Estate 75

Real Estate accounting standards financial statements accounting principles 75

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

ThomsonReuters

APRIL 5, 2024

That’s because interim tax reporting plays a pivotal role in providing valuable financial information between annual reporting periods. Interim tax reports give stakeholders important financial information needed to evaluate tax-related risks and opportunities, and to make informed investment or lending decisions.

Tax 68

Tax income tax financial statements accounting standards 68

CPA Practice

DECEMBER 13, 2023

The Financial Accounting Standards Board ( FASB ) has published an Accounting Standards Update (ASU) intended to improve the accounting for and disclosure of certain crypto assets. The ASU , including more information about transitioning to the new standard, is available at www.fasb.org

accounting standards 72

accounting standards accountant Account accounted 72

SMBAccountant

NOVEMBER 21, 2022

When clients start with us, they often question the amount of information that we request. “My My old bookkeeper didn’t ask for all this” is a statement we hear often. Managers want to hand off their accounting and let it happen in its own vacuum. Unfortunately, this isn’t quite how accounting functions. Permalink

accountant 130

accountant Account accounted bookkeeping 130

Cherry Bekaert

FEBRUARY 12, 2024

On December 14, 2023, the Financial Accounting Standards Board (FASB) issued final guidance concerning income tax disclosures, labeled Accounting Standards Update No. Early adoption is permissible for unaudited annual financial statements. 2023-09 (ASU 2023-09).

income tax 105

income tax Tax accounting standards financial statements 105

ThomsonReuters

OCTOBER 18, 2024

Statutory reporting is a critical process for multinational corporations, involving the preparation and submission of financial statements to comply with legal obligations across various jurisdictions. Key components of statutory reports include financial statements and ESG disclosures, enhancing stakeholder trust and governance.

Non-Profits 52

Non-Profits Legal financial statements tax return 52

Cherry Bekaert

JANUARY 24, 2024

Contributors: DeWanna Coleman Governmental Accounting Standards Board (“GASB”) Statement No. 100, Accounting Changes and Error Corrections—an amendment of GASB Statement No. GASB 100 will apply to all governmental entities and will impact how entities define an accounting error or change. GASB Statement No.

accounting principles 99

accounting principles accountant Account accounted 99

CPA Practice

SEPTEMBER 25, 2024

The Financial Accounting Standards Board (FASB) released an exposure draft on Sept. 25 on a proposal that would clarify parts of its current guidance on hedge accounting and address several incremental hedge accounting issues arising from the global reference rate reform initiative.

accountant 111

accountant Account accounted accounting standards 111

Cherry Bekaert

FEBRUARY 23, 2024

The Governmental Accounting Standards Board (GASB) recently issued Statement No. The statement aims to provide financial statement users with improved and comparable information regarding compensated absences by establishing a unified model for recognizing and measuring compensated absences.

accounting standards 93

accounting standards Government financial statements audit 93

Withum

SEPTEMBER 19, 2024

The Governmental Accounting Standards Board (GASB) issued Statement No. This statement aims to enhance the clarity and consistency of financial reporting for compensated absences, ensuring that financial statement users receive accurate and comparable information.

Government 59

Government accrual accounting financial statements accounting standards 59

ThomsonReuters

APRIL 18, 2023

Financial statements contain critical information about a company’s financial position, cash flows, and results of operations. They paint a picture of the company’s financial position and business performance and help management, investors, and other stakeholders make more informed economic decisions.

financial statements 52

financial statements accounting standards accounting and finance CPA 52

Withum

AUGUST 19, 2024

The Government Accounting Standards Board (GASB) recently issued Statement Number 102, Certain Risk Disclosures (“GASB 102”). GASB 102 requires state and local governments to disclose material concentrations and constraints in the notes of the financial statements.

financial statements 52

financial statements Control Spend Government accounting and finance 52

Accounting Insight

MAY 20, 2024

As a cloud-based application, it provides seamless assistance in preparing, reviewing, and delivering professionally formatted and accurate financial statements. Caseware Financials automates financial statement preparation through a tailored checklist, importing and mapping data directly from Excel, CSV, and accounting packages.

financial statements 52

financial statements accounting and finance audit accounting standards 52