Going Concern

OCTOBER 2, 2024

It seems like every other day we’re seeing a new story about an accounting firm that’s suffered a data breach. Just the other day, CBIZ revealed bad actors exploited a vulnerability on one of its web pages and acquired information from retiree health and welfare plan databases including Social Security numbers.

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 accountant Account accounted 111

CPA Practice

NOVEMBER 4, 2024

A new standard requiring public companies to disclose, in interim and annual reporting periods, additional information about certain expenses in the notes to financial statements was finalized by the Financial Accounting Standards Board (FASB) on Nov.

financial statements 116

financial statements accounting standards financial accounting Sales 116

Katz,Sapper&Miller

JUNE 25, 2018

With penalties including monetary fines and possible jail time, the Internal Revenue Service (IRS) and Department of the Treasury have shown how seriously they treat violations related to foreign financial account reporting.

financial accounting 40

financial accounting accountant Account accounted 40

Wendy Tietz

AUGUST 8, 2022

The Wendy’s Company (NASDAQ: WEN) is a fast-food chain and is a publicly held corporation. Wendy’s fiscal reporting periods consist of 52 or 53 weeks ending on the Sunday closest to December 31. Wendy’s 2021 fiscal year ended January 2, 2022, and its 2020 fiscal year ended January 3, 2020. To follow is a condensed […].

accounting equation 52

accounting equation financial accounting accounted Account 52

Wendy Tietz

AUGUST 1, 2022

To follow are Chipotle’s four basic financial statements for its most recent year, the year ending December 31, 2021. Chipotle Mexican Grill, Inc. NYSE: CGM) is a publicly held corporation with more than $6 billion in assets.

financial statements 52

financial statements Education financial accounting accounted 52

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

Withum

OCTOBER 16, 2024

Are you aware of the potentially severe implications of failing to report your foreign bank and financial accounts to the U.S. persons with foreign bank and financial accounts exceeding $10,000 in aggregate value must file the FinCEN Report 114, or FBAR, annually. Department of Treasury? Regulations mandate that U.S.

Arizona 94

Arizona California Legal financial accounting 94

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

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 155

CPA financial accounting Account accountant 155

CPA Practice

NOVEMBER 13, 2024

The Financial Accounting Standards Board (FASB) is looking to provide investors and other stakeholders some clarity on the current interim reporting requirements, specifically when that guidance is applicable and which disclosures are required in interim reporting periods.

accounting principles 107

accounting principles accounting standards financial statements Maine 107

CPA Practice

JULY 16, 2024

The core sections are Auditing and Attestation (AUD), Financial Accounting and Reporting (FAR), and Taxation and Regulation (REG). The choices for discipline sections are Business Analysis and Reporting (BAR), Information Systems and Control (ISC), and Tax Compliance and Planning (TCP).

CPA 122

CPA cpas Education public accounting 122

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

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. The FASB on Nov.

financial statements 52

financial statements auditor accounting standards financial accounting 52

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 120

Finance accounting and finance financial accounting Account 120

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 accountant Account 219

CPA Practice

OCTOBER 24, 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 111

Finance accounting and finance financial accounting Account 111

CPA Practice

MARCH 20, 2024

The Securities and Exchange Commission has accepted the 2024 GAAP Financial Reporting Taxonomy (GRT) and the 2024 SEC Reporting Taxonomy (SRT), collectively known as the “ GAAP Taxonomy ,” the Financial Accounting Standards Board (FASB) said on March 19. In addition, the FASB finalized the 2024 DQC Rules Taxonomy (DQCRT).

accounting principles 105

accounting principles accounting standards income tax financial accounting 105

CPA Practice

JANUARY 23, 2024

Have you been over to the Financial Accounting Standards Board’s (FASB) website lately? We are confident that they will appreciate the many improvements we made and how much easier it is to access important information.” If not, it has a new look.

accounting standards 64

accounting standards Legal financial accounting Account 64

Going Concern

AUGUST 14, 2024

The files accessible in the tax software contained the name and one or more of the following for seven Maine residents: Social Security number, driver’s license number, and financial account number(s) used for direct deposit of any tax refund if provided to Heier Weisbrot & Bernstein, LLC.

tax return 112

tax return Tax Vermont New Jersey 112

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

Accounting Insight

NOVEMBER 11, 2024

The Institute of Financial Accountants (IFA) has announced new strategic partnerships with Croner-i and Clearview FX to further boost its member offering, delivering wider business benefits to accounting professionals.

accounting and finance 52

accounting and finance Finance Tax accounting firms 52

CPA Practice

SEPTEMBER 30, 2024

The Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update on Sept. When the grantor elects to account for forfeitures as they occur, revenue recognition may be delayed for awards that are not probable of vesting. Information on how to submit comments is included in the proposed ASU.

accounting standards 115

accounting standards Account accounted accountant 115

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. 15, 2023.

accounting standards 125

accounting standards financial statements financial accounting Account 125

CPA Practice

DECEMBER 19, 2023

The Financial Accounting Standards Board (FASB) on Dec. 18 released the following taxonomies for 2024: GAAP Financial Reporting Taxonomy (GRT), SEC Reporting Taxonomy (SRT), and DQC Rules Taxonomy (DQCRT). Data Quality Committee’s (DQC) validation rules, predominantly for regulator use.

accounting principles 111

accounting principles accounting standards income tax Tax 111

CPA Practice

AUGUST 9, 2024

The Financial Accounting Standards Board ( FASB ) has issued its 2024 Investor Outreach Report. Those priorities include projects that address disaggregation of financial reporting information; income tax disclosures; accounting for environmental, social, and governance (ESG)-related transactions (e.g.,

income tax 52

income tax accounting standards financial accounting Government 52

ThomsonReuters

OCTOBER 19, 2023

It is designed to capture more information about the ownership of specific entities operating in or accessing the U.S. The law was largely ignored by accounting professionals at first. This responsibility may fall under the scope of advisory services for an accounting professional. Who needs to file?

Non-Profits 111

Non-Profits Tax accounting firms Account 111

Cherry Bekaert

FEBRUARY 27, 2024

On December 14, 2023, the Financial Accounting Standards Board (FASB) expanded income tax disclosure requirements for public and private companies. The expanded disclosure requirements are detailed in Accounting Standards Update No. 2023-09 (ASU 2023-09) and increase transparency of a filer’s global taxes.

income tax 98

income tax accounting standards Tax accountant 98

CPA Practice

MAY 28, 2024

Businesses that need more time must file Form 7004, Application for Automatic Extension of Time to File Certain Business Income Tax, Information and Other Returns. More information can be found in the Extension of Deadline – Combat Zone Service Q&As. Reporting required for foreign accounts and assets U.S. Report in U.S.

tax return 59

tax return income tax Tax financial accounting 59

CPA Practice

APRIL 30, 2024

The Financial Accounting Standards Board ( FASB ) has added three new members to its Small Business Advisory Committee ( SBAC ), effective immediately. For more information about the SBAC and its activities, visit www.fasb.org.

Texas 52

Texas accounting standards financial accounting Account 52

CPA Practice

JUNE 30, 2023

The accounting standard was developed jointly with the U.S. Financial Accounting Standards Board and came into effect in 2018. It was created to improve the quality and comparability of revenue information provided to investors globally.

accounting standards 72

accounting standards accountant Account accounted 72

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. Early adoption is permitted for both interim and annual financial statements that have not yet been issued (or made available for issuance).

accounting standards 72

accounting standards accountant Account accounted 72

CPA Practice

OCTOBER 3, 2024

In the past, FinCEN has provided FBAR filing relief to those impacted by disasters, however there is no mechanism for automatic filing relief in those situations, nor have they been consistent with the IRS when granting this relief.

cpas 52

cpas public accounting financial accounting Tax 52

SMBAccountant

APRIL 2, 2024

By observing best practices in budgeting, organizations can demonstrate financial accountability, meet grant objectives, and build credibility with funding agencies, ultimately leading to sustainable success in grant management. Reporting plays a key role in keeping the grant provider informed about progress and outcomes.

Government 130

Government accountant Account accounted 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 Account accounted accounting principles 122

Acterys

DECEMBER 22, 2023

Businesses need data backups for all sorts of crucial information, including popular tools like Xero’s accounting software. Xero backups are one way organizations can protect critical information, ensure data accuracy and preserve business continuity.

accounting software 130

accounting software Legal Gambling Start-ups 130

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