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How AI Can Help With Lease Accounting

CPA Practice

By Amrita Choudhary, Kiplinger Consumer News Service (TNS) In recent years, lease accounting standard ASC 842 has replaced the ASC 840 standard. Where artificial intelligence comes in Fortune Business Insights projects that by 2026, the global accounting software market will be worth $20.4

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How AI Can Help With Lease Accounting

CPA Practice

By Amrita Choudhary, Kiplinger Consumer News Service (TNS) In recent years, lease accounting standard ASC 842 has replaced the ASC 840 standard. Where artificial intelligence comes in Fortune Business Insights projects that by 2026, the global accounting software market will be worth $20.4

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FASB Adds Members to Not-for-Profit Committee

CPA Practice

The Financial Accounting Standards Board ( FASB ) has announced the appointment of six new members to its Not-for-Profit Advisory Committee ( NAC ), effective January 1, 2024. Each new member was appointed to a four-year term ending on December 31, 2027. The NAC serves as a standing resource for the FASB.

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FASB Adds New Members to Not-for-Profit Advisory Committee

CPA Practice

The Financial Accounting Standards Board ( FASB ) has appointed six new members to its Not-for-Profit Advisory Committee ( NAC ), effective January 1, 2024. Each new member was appointed to a four-year term ending on December 31, 2027. The NAC serves as a standing resource for the FASB.

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The Rundown: Third Quarter 2023

Cherry Bekaert

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.

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2022 Federal Budget Highlights

DMCL

On April 7, 2022, the Honourable Chrystia Freeland tabled her second budget as federal Minister of Finance and Deputy Prime Minister. Introduction of the new Tax-Free First Home Savings Account (FHSA). Effective for eligible flow-through share agreements entered into from April 7, 2022 to March 31, 2027.