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

CPA Practice

JUNE 24, 2024

Tax Preparation Checklist: A comprehensive list of documents and information needed from clients for tax preparation, such as income statements, expense receipts, and previous tax returns. Internal Audit Checklist: For conducting audits within the firm to ensure compliance with accounting standards and regulations.

accounting firms 124

accounting firms cpa firm accountant accounted 124

ThomsonReuters

APRIL 5, 2024

Businesses that do not have sound tax provision processes are at an elevated risk of damaging their company’s financial health. That’s because interim tax reporting plays a pivotal role in providing valuable financial information between annual reporting periods. Why is interim reporting important?

Tax 68

Tax income tax financial statements accounting standards 68

SMBAccountant

NOVEMBER 21, 2022

Financials statements and performance are no different. If incorrect or inaccurate data is used or missing, the financial performance and indicators used to determine success, value, creditworthiness, and financial viability are also not correct. An owner wants to do some tax planning. Permalink

accountant 130

accountant accounted Account bookkeeping 130

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 accounted Account accounting principles 122

Accounting Insight

NOVEMBER 5, 2024

IRIS Software Group , a leading global provider of accounting, edtech, HR and payroll solutions, today announced the launch of IRIS Elements Enterprise , the latest tier in its existing cloud-based accounting suite.

accounting firms 52

accounting firms tax return accountant accounted 52

ThomsonReuters

FEBRUARY 8, 2024

Therefore, when serving business clients, it is important that accounting professionals have the right framework to ensure that proper financial reporting procedures are in place to help with accounting assumptions. What are the main accounting assumptions? Let’s take a closer look at each one. dollars, euros, etc.)

accountant 96

accountant accounted Account accounting principles 96

Going Concern

JANUARY 9, 2023

Deloitte announced today that Anna Taylor — former tax and economic policy principal advisor to Senate Majority Leader Chuck Schumer (D-N.Y.) — has joined Deloitte’s Washington National Tax practice as the deputy managing principal of the Tax Policy Group. What is the secret to a good PPT?

CPA 105

CPA auditor Tax accountant 105

Cherry Bekaert

FEBRUARY 12, 2024

The Financial Accounting Standards Board (FASB) released final guidance regarding income tax disclosures on December 14, 2023. Accounting Standards Update No. Business entities may be required to further disaggregate information by taxing jurisdictions when quantitative thresholds are exceeded.

income tax 97

income tax Tax accounting standards financial statements 97

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. The concentration or constraint is known to the government prior to issuing the financial statements. Earlier application is encouraged.

financial statements 105

financial statements Control Spend Government accounting standards 105

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

CPA Practice

SEPTEMBER 7, 2023

The Financial Accounting Standards Board (FASB) unanimously approved new rules on Sept. I think this [standard] moves the needle there. I think we heard overwhelmingly from investors that allocate capital based on the use of financial statements that this will provide them better information to make their decisions.”

accounting standards 98

accounting standards financial statements accounted accountant 98

inDinero Accounting

JUNE 29, 2023

Generally Accepted Accounting Principles (GAAP) are a set of accounting principles, standards, and procedures that define accepted accounting practice at a particular time. Its purpose is to ensure that financial statements provide an accurate and transparent view of the company’s financial condition and operations.

accrual accounting 95

accrual accounting accounting principles accounts payable accounting and finance 95

Cherry Bekaert

SEPTEMBER 22, 2023

Contributors: Graham Michitsch, Senior Manager On September 6, 2023, the Financial Accounting Standards Board voted on cryptocurrency accounting and set in place a new rule that business must use fair-value accounting for certain crypto assets that meet the predefined criteria, such as bitcoin.

accountant 105

accountant accounted Account accounting standards 105

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 financial statements accounting standards accounting principles 75

Basis 365

JUNE 29, 2023

A bookkeeper is responsible for maintaining accurate and up-to-date financial records for a business. They record transactions, reconcile accounts, and generate financial statements. In addition, bookkeepers typically handle day-to-day financial tasks such as invoicing, accounts payable, and accounts receivable.

bookkeeping 90

bookkeeping accounts payable accounting and finance basic accounting 90

Cherry Bekaert

MARCH 6, 2024

Offering Simple Solutions to Complex Requirements Growing businesses are challenged when complying with financial statement tax reporting requirements. Cherry Bekaert’s tax team brings expertise in both industry and public accounting to deliver a tailored solution.

Tax 52

Tax accounting principles financial statements income tax 52

Cherry Bekaert

JANUARY 29, 2024

The Financial Accounting Standards Board (FASB) issued nine Accounting Standard Updates (ASUs), and the Government Accounting Standards Board (GASB) issued only one new GASB Statement in 2023. For summaries of standards issued in the first three quarters, view our previous rundowns here.

income tax 95

income tax financial statements accounting standards Tax 95

Withum

OCTOBER 20, 2022

The new lease accounting standards under ASC 842 were effective for private companies beginning January 1, 2022. These new standards require companies to record substantially all leases on their balance sheets and will affect real estate leases for both tenants and landlords. Author: Lauren Riso | lriso@withum.com.

Real Estate 78

Real Estate accountant accounted Account 78

Cherry Bekaert

JUNE 9, 2023

Companies wishing to embrace these new tools need to carefully evaluate the specific requirements and potential downstream ramifications such as how to properly account for the specific transaction and what potential exposures it creates. tax return and financial statement reporting.

accountant 98

accountant accounted Account financial statements 98

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.

financial statements 111

financial statements accounting and finance accounting standards Finance 111

SkagitCountyTaxServices

JUNE 8, 2022

Now … for Mount Vernon businesses of a certain growth rate (or of a particular model), the move from “cash accounting” to “accrual accounting” is an important step in the journey. Speaking of which: reminder that second quarter estimated taxes are due next week on 6/15/22.). Standard setter.

accounting principles 91

accounting principles accounting standards accrual accounting Education 91

Shay CPA

OCTOBER 25, 2023

We want to give you a brief overview based on our experience, specifically delving into how the down round affects your accounting and your taxes. We have some tips to help you approach the down round with accounting and taxation best practices in mind. Then, look at: Tax deferrals. Then, look at: Tax deferrals.

Tax 52

Tax accountant accounted Account 52

ThomsonReuters

DECEMBER 6, 2022

This is due to the fact that while ESG discussions often center on a company’s strategy and performance, ESG can also impact tax liabilities and financial reporting. ESG matters may indirectly affect the financial statements; for example, an entity may suffer reputational damage from an environmental contamination that reduces sales.

auditor 59

auditor accountant accounted Account 59

Going Concern

MARCH 8, 2024

Among other findings, the SEC found that CSH violated Rule 2-01 of Regulation S-X (the Rule) by providing prohibited non-audit services to Lordstown while also engaged in auditing Lordstown’s financial statements (which were then used in connection with Lordstown’s registration statements and periodic reports filed with the SEC).

audit 100

audit auditor New York Legal 100

Going Concern

MARCH 24, 2023

Tax The IRS plans to tax some NFTs as collectibles — and the rich would pay up to 28% on profits [ CNBC ] The IRS said it plans to tax some non-fungible tokens, or NFTs, as collectibles akin to art or gems — an approach that would tax profits for wealthy owners at a higher rate relative to assets such as stocks, real estate and cryptocurrency.

auditor 105

auditor Entertainment audit Real Estate 105

inDinero Accounting

JUNE 24, 2021

In this article, you’ll find the essential information to 38 FAQs about business financial statements and links to further reading. Financial Statement FAQs. What is a business financial statement? The business financial statement defined. Who uses business financial statements?

Non-Profits 67

Non-Profits financial statements accounts payable accounting and finance 67

Basis 365

AUGUST 4, 2023

However, with the rise of SaaS, new accounting challenges have emerged, requiring careful navigation to ensure accurate financial reporting and compliance with accounting standards. Here we'll explore the top accounting issues faced by SaaS companies and how they tackle these complexities.

accounting principles 52

accounting principles accountant accounted Account 52

Basis 365

AUGUST 4, 2023

However, with the rise of SaaS, new accounting challenges have emerged, requiring careful navigation to ensure accurate financial reporting and compliance with accounting standards. Here we'll explore the top accounting issues faced by SaaS companies and how they tackle these complexities.

accounting principles 52

accounting principles accountant accounted Account 52

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

Basis 365

FEBRUARY 20, 2023

A balance sheet is a financial statement that shows your business's assets, liabilities, and equity at a specific time. It's one of the most important financial documents to help you make informed decisions, plan for the future, and secure financing. Outsourcing accounting services can be the best option for small businesses.

financial statements 52

financial statements accounting and finance accounting standards accounting principles 52

ThomsonReuters

JANUARY 12, 2023

The primary role of an accountant is to handle a variety of tasks including tax preparation, financial planning and audits. . Essentially, the work completed by an accountant is certified by an auditor. . The purpose of conducting an audit is to obtain an independent opinion about a company’s financial statements.

audit 59

audit auditor accountant accounted 59

ThomsonReuters

JANUARY 3, 2022

Coronavirus (COVID-19) — Disclosure Considerations Regarding Operations, Liquidity, and Capital Resources (available on Thomson Reuters Checkpoint ), that the absence of detailed disclosure of these arrangements in financial statements can leave investors and analysts without the material information needed to make informed decisions.

Finance 98

Finance accounting and finance auditor accounting standards 98

Accounting Insight

MAY 1, 2024

Before delving into the potential impact of AI in accounting, it’s essential to understand the role AI plays in modern accounting practices. In modern accounting, AI is being used to automate several tasks, including data entry, invoice processing and financial statement analysis.

accountant 64

accountant accounted Account bookkeeping 64

Menzies

NOVEMBER 3, 2022

Menzies LLP - A leading chartered accountancy firm. Which accounting standard should you use? When preparing a set of financial statements in the UK there is a choice of accounting standard to apply in order to comply with UK Companies Act 2006. Deferred tax – temporary not timing.

financial statements 52

financial statements accounting standards international accounting standards chartered accountant 52

inDinero Accounting

APRIL 30, 2021

Mission-based organizations in compliance with Generally Accepted Accounting Principles (GAAP) should prepare these financial statements: Statement of Financial Position (Balance Sheet) provides a picture of the NFP’s assets and liabilities. The nonprofit term for the financial statement makes it explicit.

accounting standards 61

accounting standards accounting and finance financial statements bookkeeping 61

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