CPA Practice

AUGUST 23, 2023

The Financial Accounting Standards Board (FASB) issued a new standard on Wednesday that addresses the accounting for contributions made to a joint venture, upon formation, in a joint venture’s separate financial statements. 1, 2025, and early adoption is permitted.

Account 52

Account accountant accounted accounting standards 52

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. A summary of those changes follows: Staff Accounting Bulletin No.

financial statements 111

financial statements accounting and finance accounting standards Finance 111

Withum

FEBRUARY 1, 2023

Every year the top dealership accounting firms and CFOs converge to discuss the latest hot topics as they relate to dealerships and dealership accounting issues. Once the election is made, the taxpayers must use this method of accounting for 5 years beginning from the tax year the election was made.

accounting and finance 52

accounting and finance income tax Tax CPA 52

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