ThomsonReuters

DECEMBER 11, 2023

Accounting for tax equity investments Implementing ASU 2023-02 Accounting professionals with equity investor clients who are involved with projects to receive income tax credits and other income tax benefits need to have a clear understanding of the proportional amortization method (PAM), especially in light of recent changes.

income tax 52

income tax accounting standards Non-Profits accounting and finance 52

ThomsonReuters

FEBRUARY 8, 2024

In other words, the assumptions are the basis for all accounting principles. Established by the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB), GAAP is a set of standardized accounting rules, requirements, and practices to guide how financial statements are prepared and presented.

Account 96

Account accountant accounted accounting principles 96

ThomsonReuters

FEBRUARY 1, 2024

Today, GAAP is a required accounting practice for for-profit companies, non-profits, and government entities in the United States. So, what are the GAAP accounting rules? And how can accounting professionals stay up to date with GAAP standards? What are the GAAP accounting rules?

Non-Profits 52

Non-Profits accounting standards Maine accounting and finance 52

ThomsonReuters

JANUARY 18, 2024

Additionally, depending on the type of firm, accountants may be involved in more advisory-centric responsibilities, such as analyzing financial data and providing clients with strategic guidance and recommendations on how to reduce costs and boost profitability. However, this is no longer the case.

Account 59

Account accountant accounted tax preparation 59

Cherry Bekaert

JULY 20, 2023

Standard setters have been relatively inactive this year. The Financial Accounting Standards Board (FASB) has issued only two new Accounting Standard Updates (ASUs) and the Government Accounting Standards Board (GASB) has not issued any new GASB Statements in 2023.

income tax 71

income tax Legal accounting and finance Tax 71

inDinero Accounting

JUNE 24, 2021

Sometimes there’s just no avoiding accounting speak. One business area with lots of corporate accounting terms is preparing the three essential (3E) financial reports : the profit & loss statement, the balance sheet, and the cash flow statement. How do you read financial statements? Income Statement FAQs.

Non-Profits 75

Non-Profits financial statements accounts payable accounting and finance 75

Cherry Bekaert

FEBRUARY 8, 2023

Standard setters were relatively inactive this past year. The Financial Accounting Standards Board (FASB) issued only six new Accounting Standard Updates (ASUs) and the Government Accounting Standards Board (GASB) issued only three new GASB Statements in 2022.

Non-Profits 40

Non-Profits income tax Government Account 40