Accounting Today

SEPTEMBER 25, 2024

The proposed amendments would clarify guidance on hedge accounting and address issues that arose from the global reference rate reform initiative.

accounting standards 120

accounting standards Account accountant accounted 120

Accounting Today

FEBRUARY 23, 2024

It's not just the 150-hour rule for obtaining a CPA license that may be the culprit for the talent shortage, according to an academic study.

accounting standards 137

accounting standards Account accountant accounted 137

CPA Practice

OCTOBER 18, 2024

Hosts Brian Tankersley, CPA, and Randy Johnston review TimeCredit AI, an AI assistant for technical accountants. Tankersley, CPA.CITP, CGMA 00:00 Randy, welcome to the accounting Technology Lab sponsored by CPA practice advisor. So for our auditing friends on the call, talk to me a little bit about accounting memos.

Technology 111

Technology Account accountant accounted 111

SMBAccountant

DECEMBER 2, 2020

Many small business government contractors are exempt from complying with cost accounting standards (CAS) and defined by the code of federal regulations (CFR). However, compliance with generally accepted accounting principles (GAAP) is required. These should be integrated in any federal contractors accounting policies.

Government 219

Government accounting principles Account accountant 219

CPA Practice

JUNE 28, 2023

By Emily Fish, director of product accounting at LeaseQuery Within the lease accounting standards, there are exceptions to help entities determine which leases are in scope and which are not. First and foremost, the lease accounting standards apply to all entities—there isn’t an exception for an entity or industry as a whole.

accounting standards 124

accounting standards Account accountant accounted 124

Withum

DECEMBER 14, 2023

On December 13, 2023, the Financial Accounting Standards Board (FASB) finalized Accounting Standards Update (ASU) 2023-08 “Accounting for and Disclosure of Crypto Assets”. Contact Us The post Accounting Standards Update 2023-08: FASB’s New Crypto Accounting Guidance appeared first on Withum.

accounting standards 116

accounting standards Account accountant accounted 116

Cherry Bekaert

NOVEMBER 6, 2023

Contact Us The post Cost Accounting Standard Considerations for a Growing GovCon appeared first on Cherry Bekaert.

accounting standards 110

accounting standards cost accounting Account accountant 110

Withum

NOVEMBER 3, 2023

The subject of accounting standards is of utmost importance in the business world. With the ever-evolving nature of the global economy, it becomes imperative to align accounting practices and regulations with the changing needs of organizations. This is a change from previous lease guidance under ASC 840 – Leases.

accounting standards 124

accounting standards Account accountant accounted 124

Accounting Today

JUNE 6, 2025

EDT 3 Min Read Facebook Twitter LinkedIn Email The accountant the world urgently needs has evolved far beyond the traditional role we recognized just a few years ago. Yet, in many areas, accounting education stubbornly clings to outdated, overly technical models that fail to connect with the actual demands of the market.

Account 52

Account accountant accounted Technology 52

CPA Practice

MAY 1, 2024

The Board of Trustees of the Financial Accounting Foundation ( FAF ) is seeking nominations for new members to join the Financial Accounting Standards Advisory Council ( FASAC ) for an initial one-year term beginning January 1, 2025. The FASAC is the primary advisory body to the Financial Accounting Standards Board ( FASB ).

financial accounting 111

financial accounting accounting standards Account accountant 111

CPA Practice

FEBRUARY 1, 2023

As expected, the Financial Accounting Standard Board (FASB) voted on Wednesday to issue an exposure draft of a new accounting standard that would require companies to measure cryptocurrency assets, like Bitcoin and Ethereum, using fair value accounting, with gains and losses recorded in current period comprehensive income.

accounting standards 111

accounting standards Account accountant accounted 111

Cherry Bekaert

JANUARY 30, 2024

In the third episode of Cherry Bekaert’s Cost Accounting Standards (CAS) podcast series, Brendan Halloran , a Director with Cherry Bekaert Advisory, is joined by Jeffery Annessa , a Senior Manager in Cherry Bekaert’s Government Contractor Industry practice, to discuss CAS implications during mergers and acquisitions.

accounting standards 105

accounting standards cost accounting Account accountant 105

Accounting Today

JUNE 6, 2025

XcelLabs provides solutions to help accountants use artificial technology fluently and strategically. Accountants know they need to be more advisory, but not everyone can figure out how to do it," Tolin said in a statement. All rights reserved. These offerings are currently in beta testing.

Technology 52

Technology Account accountant accounted 52

Cherry Bekaert

OCTOBER 17, 2023

Cost Accounting Standards (CAS) are 19 standards and rules promulgated by 41 U.S.C. These standards impact emerging small and large businesses alike. Contact Us The post Cost Accounting Standards (CAS): A Comprehensive Overview for Government Contractors appeared first on Cherry Bekaert.

accounting standards 105

accounting standards cost accounting Government Account 105

SMBAccountant

AUGUST 12, 2020

When working as a government contractor, these processes and policies need to be written, reviewed, and updated regularly to ensure compliance with the company’s own requirements, and the accounting standards demanded of contractors spending tax dollars.

Government 190

Government accounting principles Account accountant 190

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 Account 98

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

CPA Practice

MAY 12, 2025

The Financial Accounting Standards Board published new ruleson May 12 that the board says improve the requirements for identifying the accounting acquirer inFASB ASC Topic 805, Business Combinations.

accounting standards 52

accounting standards Account accountant accounted 52

Going Concern

OCTOBER 21, 2024

People familiar with the matter told the Financial Times the UK firm had introduced the new grade to hold on to a key layer of senior accountants and consultants and to bring in external hires with higher salaries. For the Defense Department to pass its audit, it must account for more than dollars. forces dominant.

Account 59

Account accountant accounted South Dakota 59

Accounting Today

JUNE 9, 2025

EDT 7 Min Read Facebook Twitter LinkedIn Email I am optimistic about the "trusted advisor" destination that the accounting profession has marked as its territory, but skeptical of the partnership model as a means of transportation to that promised land. All rights reserved.

Account 52

Account accountant accounted Technology 52

Accounting Seed

MAY 28, 2025

You can make your life easier and guarantee smooth audits by using accounting software that helps government contractors meet DCAA compliance. Instead, DCAA audits check if your organization meets: Federal Acquisition Regulation (FAR) Cost Accounting Standards (CAS) And other government rules. What Does DCAA Compliant Mean?

accounting software 52

accounting software Account accountant accounted 52

CPA Practice

MAY 1, 2025

The Financial Accounting Standards Board issued a proposed ASU on April 30 that would provide accounting guidance for debt exchange transactions involving multiple creditors.

Account 112

Account accountant accounted accounting standards 112

Accounting Today

MAY 21, 2024

The Governmental Accounting Standards Board is getting ready to roll out new rules and proposals for state and local governments, including improvements to the financial reporting model, classification of capital assets, and measurement of infrastructure assets.

accounting standards 126

accounting standards Account accountant accounted 126

Accounting Seed

JANUARY 7, 2025

Changing accounting systems can feel intimidating. Even if the legacy accounting system you currently use doesnt have the features, speed, or power you need, at least its familiar. Lets look into the key points of changing accounting software. Is It Time for New Accounting Software?

accounting system 59

accounting system accounting software Account accountant 59

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. Issue 1: Derivatives scope refinements.

Account 122

Account accountant accounted accounting principles 122

CPA Practice

APRIL 30, 2025

The Financial Accounting Standards Board issued a proposed ASU on April 30 that would provide accounting guidance for debt exchange transactions involving multiple creditors.

Account 106

Account accountant accounted accounting standards 106

Acterys

OCTOBER 20, 2024

More than half (59%) of accountants admit to making several errors per month, Gartner research found. It focuses on presenting financial data clearly and in accordance with accounting standards. Detailed Account Transactions A detailed account transactions report lists transactions by account or accounts over a specific period.

financial statements 130

financial statements accounting and finance accounting standards Sales 130

CPA Practice

OCTOBER 29, 2024

The Financial Accounting Standards Board (FASB) issued a plan on Oct. 29 to modernize guidance on the accounting for software costs, which the board said would enhance the transparency of an entity’s cash flows related to internal-use software costs. 27, 2025.

cost accounting 52

cost accounting Account accountant accounted 52

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

SMBAccountant

NOVEMBER 21, 2022

Managers want to hand off their accounting and let it happen in its own vacuum. Unfortunately, this isn’t quite how accounting functions. Accounting requires input from all levels of the company. The accountant didn’t know, so they didn’t include that cash in the projection. In it, the role of management was emphasized.

Account 130

Account accountant accounted bookkeeping 130

CPA Practice

OCTOBER 17, 2024

The Governmental Accounting Standards Board ( GASB ) has issued guidance that establishes requirements for certain types of capital assets to be disclosed separately for purposes of note disclosures. This is designed to allow users to make informed decisions about these and to evaluate accountability. GASB Statement No.

financial statements 128

financial statements accounting standards Sales Government 128

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

Accounting Insight

APRIL 25, 2023

As someone working in the accounting industry , I know first hand how important it is to keep your finger on the pulse and stay up to date with the latest accounting standards, regulations, and best practices. How Can AI Help Accountants? The post ChatGPT & The Accounting Industry: How Can AI Help Accountants?

Account 109

Account accountant accounted Technology 109

Accounting Today

JUNE 19, 2024

The unpredictable nature of digital assets stands out as both a defining characteristic and a significant challenge for investors and accounting professionals alike.

accounting principles 135

accounting principles Account accountant accounted 135

RogerRossmeisl

APRIL 10, 2023

Generally Accepted Accounting Principles (GAAP), fair value is “the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.” This definition is found in Accounting Standards Codification (ASC) Topic 820, Fair Value Measurement.

accounting principles 244

accounting principles accounting standards CPA Account 244

MarkFriedlich

MARCH 30, 2020

The International Accounting Standards Board (IASB) has released the document, IFRS 9 and COVID-19—Accounting for Expected Credit Losses Applying IFRS 9 Financial Instruments in the Light of Current Uncertainty Resulting from the COVID-19 Pandemic.

international accounting standards 183

international accounting standards accounting standards Account accountant 183

CPA Practice

OCTOBER 27, 2023

But really, Billy Scherba, CPA, is a carbon accountant. Billy Scherba Carbon accountants help companies understand what data matters to their carbon footprint, how to collect that data in a consistent manner, and how to use it to calculate the greenhouse-gas emissions they’re responsible for.

Account 124

Account accountant accounted Transportation 124