CPA Practice

MARCH 31, 2023

The Financial Accounting Standards Advisory Council ( FASAC ) held its quarterly meeting on Tuesday, March 7, 2023. The FASB chair provided highlights on FASB activities, and the SEC and PCAOB staff members commented on current issues and activities. Council members discussed the following topics.

accounting standards 59

accounting standards financial accounting Account accountant 59

Wendy Tietz

SEPTEMBER 7, 2024

Anyways, I created a few Wordles for early in the Introductory Financial Accounting course. These Wordles use words that are common to most, if not all, first chapters in introductory financial accounting textbooks. If you follow my blog, you know that I am a game enthusiast and that extends into my teaching.

financial accounting 40

financial accounting Account accountant accounted 40

CPA Practice

MARCH 1, 2024

The Board of Trustees of the Financial Accounting Foundation (FAF) has appointed Lisa Washburn to the position of vice chair and has appointmented David Goldman and Deborah L. Miller, CPA, to the Governmental Accounting Standards Advisory Council (GASAC). All appointees’ terms begin March 1, 2024.

financial accounting 52

financial accounting Account accountant accounted 52

Accounting Today

NOVEMBER 26, 2024

Byju's, once India's most valued startup, is fighting for its life in courts in India and the U.S.

financial accounting 40

financial accounting accountant accounted Account 40

RogerRossmeisl

APRIL 24, 2023

Crooks find opportunities As with email, social media messages can trick users into clicking links and providing sensitive information, such as their usernames, passwords, Social Security numbers and financial account numbers.

CPA 182

CPA financial accounting Account accounted 182

Accounting Today

MAY 28, 2024

The Financial Accounting Foundation announced Hillary Salo as the next vice chair of the Financial Accounting Standards Board.

accounting standards 124

accounting standards financial accounting Account accounted 124

SMBAccountant

MARCH 8, 2023

Some responsibilities of tax accountants include: Preparing federal and state income taxes Calculating and filing property taxes, sales taxes, and licenses Preparing and filing 1099 forms Assisting with tax audits or legal disputes The second type of accounting is financial accounting.

tax accountant 130

tax accountant Tax Account accountant 130

SMBAccountant

DECEMBER 2, 2020

However, compliance with generally accepted accounting principles (GAAP) is required. GAAP are a set of accounting principles established by the Financial Accounting Standards Board (FASB) to provide clarity, consistency, and comparability of financial reporting and information. What exactly is GAAP?

Government 219

Government accounting principles Account accountant 219

MarkFriedlich

MARCH 30, 2020

The CARES Act (the “Act”) provides temporary relief from FASB Accounting Standards Update (ASU) No. 2016-13, Financial Instruments —Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The post The CARES Act Provides Temporary Relief from CECL Standard appeared first on Tax & Accounting Blog.

accounting standards 160

accounting standards financial accounting Tax Account 160

Accounting Today

SEPTEMBER 6, 2023

The Financial Accounting Standards Board voted to adopt its eagerly awaited standard for cryptocurrency like Bitcoin held by companies.

accounting standards 141

accounting standards financial accounting Account accountant 141

Going Concern

FEBRUARY 27, 2024

This study determines how ChatGPT can become a human agent for students on two financial accounting course units, multiple choice question assessments. There were ten questions for the Introductory Financial Accounting and 10 for the Advanced Financial Accounting course units.

Account 115

Account accountant accounted Construction 115

Accounting Today

AUGUST 30, 2023

The Financial Accounting Standards Board voted to require companies to tell the public more about the taxes they pay, starting as early as 2025.

income tax 140

income tax Tax accounting standards financial accounting 140

Accounting Today

DECEMBER 28, 2023

The Financial Accounting Standards Board has decided not to add several projects to its technical agenda, including one on commodities, despite requests.

accounting standards 124

accounting standards financial accounting Account accountant 124

Accounting Today

JULY 12, 2024

The Financial Accounting Standards Board released a new chapter of its Conceptual Framework on the measurement of items recognized in financial statements, while also drawing that project to a close.

accounting standards 124

accounting standards financial statements financial accounting Account 124

Accounting Today

OCTOBER 21, 2024

The Financial Accounting Standards Board has decided to tweak some of its standards related to contract assets and liabilities for construction contractors.

accounting standards 122

accounting standards Construction financial accounting Account 122

Accounting Today

JULY 24, 2024

The Financial Accounting Standards Board issued a proposed accounting standards update to request public comments on possible changes to two of its standards.

accounting standards 122

accounting standards financial accounting Account accounted 122

Accounting Today

OCTOBER 29, 2024

The Financial Accounting Standards Board issued a proposed accounting standards update to update the guidance on accounting for software, specifically when it comes to developing software for internal use.

accounting standards 122

accounting standards Account accountant accounted 122

Accounting Today

DECEMBER 13, 2023

The Financial Accounting Standards Board released its long-awaited accounting standards update to improve the accounting for and disclosure of certain cryptoassets.

accounting standards 132

accounting standards financial accounting Account accounted 132

Accounting Today

DECEMBER 14, 2023

The Financial Accounting Standards Board issued an accounting standards update Thursday aimed at improving income tax disclosures from companies.

income tax 126

income tax Tax accounting standards financial accounting 126

Accounting Today

OCTOBER 10, 2023

The Financial Accounting Standards Board is incorporating some of the Securities and Exchange Commission's disclosure requirements into its Accounting Standards Codification.

accounting standards 126

accounting standards financial accounting Account accounted 126

Accounting Today

AUGUST 30, 2023

The Financial Accounting Standards Board released another chapter of its conceptual framework related to the recognition and derecognition of an item in financial statements.

accounting standards 126

accounting standards financial statements financial accounting Account 126

Accounting Today

NOVEMBER 13, 2024

The Financial Accounting Standards Board issued a proposed accounting standards update that aims to improve the navigability of the disclosures that need to be provided for interim reporting periods.

accounting standards 115

accounting standards financial accounting Account accounted 115

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

Accounting Today

MARCH 22, 2024

The Financial Accounting Standards Board decided to pursue targeted improvements to its rules for accounting for and disclosing software costs, instead of a single overarching model.

Account 112

Account accountant accounted accounting standards 112

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. A Statement of Financial Accounting Concepts is nonauthoritative and doesn’t establish or change U.S.

accounting concepts 104

accounting concepts financial statements accounting standards financial accounting 104

CPA Practice

NOVEMBER 25, 2024

The Financial Accounting Standards Board (FASB) has issued the report on Post-Implementation Review: Revenue from Contracts with Customers (Topic 606).

accounting standards 111

accounting standards financial statements financial accounting Account 111

CPA Practice

MARCH 14, 2023

This article will provide a general overview of the current reporting requirements for foreign financial assets on the Report of Foreign and Financial Accounts (“FBAR”) and on Form 8938 under the Foreign Account Compliance Act (“FATCA”). person concerning that account or has any signatory authority over the account.

income tax 125

income tax tax return Tax financial accounting 125

Cherry Bekaert

MARCH 9, 2023

persons for nonwillful compliance failures to file reports of foreign bank and financial accounts, is assessed against each report that is required to be filed and is not assessed against each bank account required to be reported. Foreign Bank and Financial Accounts Report (FBAR) A U.S. Originally, the U.S.

financial accounting 97

financial accounting Account accounted accountant 97

Withum

AUGUST 25, 2021

I will be teaching Financial Accounting to non-accounting majors. Friday, I start teaching for the first time at my alma mater, Baruch College. It will be presented on Zoom to 70 undergraduate students ranging from Freshmen to Seniors and it is a 3:45 PM weekly session for 15 weeks.

financial accounting 105

financial accounting Account accounted accountant 105

Accounting Today

JANUARY 23, 2024

The Financial Accounting Foundation has overhauled the website for the Financial Accounting Standards Board, with new websites in the works for the Governmental Accounting Standards Board and the FAF itself in the weeks ahead.

accounting standards 80

accounting standards financial accounting Account accounted 80

CPA Practice

OCTOBER 23, 2024

Myles Corson, EY Global and Americas Strategy and Markets Leader, Financial Accounting Advisory Services, says: “These are tumultuous times for all business leaders and finance chiefs are no exception.

Finance 122

Finance accounting and finance financial accounting Account 122

Accounting Today

MAY 29, 2024

The Financial Accounting Foundation commemorated the 40th anniversary of the creation of the Governmental Accounting Standards Board in its annual report and also referenced the 50th anniversary last year of the Financial Accounting Standards Board.

accounting standards 78

accounting standards financial accounting Account accounted 78

Going Concern

OCTOBER 2, 2024

Why does an accounting firm with 55 people working there (including partners and support staff) have Social Security numbers, driver’s license numbers, financial account numbers, passport numbers, and medical/treatment information data for nearly 130,000 people? This process was completed on July 18, 2024. It doesn’t say.

Louisiana 102

Louisiana accounting firms financial accounting Maine 102

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 Account accountant accounted 111

CPA Practice

JULY 17, 2024

Enacted in 2010 by Congress to target non-compliance by taxpayers using foreign accounts or foreign entities, FATCA requires most U.S. taxpayers holding financial assets outside the U.S. and certain foreign financial institutions to report assets and financial accounts to the IRS.

financial accounting 109

financial accounting Tax Account accounted 109

Accounting Today

FEBRUARY 29, 2024

The Financial Accounting Council is reviewing the effectiveness of the Private Company Council, the group that advises the Financial Accounting Standards Board about the perspective of privately held companies.

accounting standards 72

accounting standards financial accounting Account accounted 72

CPA Practice

JULY 16, 2024

The core sections are Auditing and Attestation (AUD), Financial Accounting and Reporting (FAR), and Taxation and Regulation (REG). A new version of the U.S. CPA Exam, consisting of three core sections and one selectable discipline section, debuted earlier this year.

CPA 122

CPA cpas Education public accounting 122