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FASB Looks to Add New Rules on Accounting For Government Grants by Businesses

CPA Practice

A new proposal that would establish authoritative guidance on the accounting for government grants received by businesses was issued by the Financial Accounting Standards Board (FASB) on Nov. When applying that guidance by analogy, business entities may not apply all of that guidance,” the FASB said in its proposal.

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Accounting is changing, and the world can't wait until 2026

Accounting Today

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 Yet, in many areas, accounting education stubbornly clings to outdated, overly technical models that fail to connect with the actual demands of the market.

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Inside GASB's far-reaching agenda

Accounting Today

The Governmental Accounting Standards Board is juggling a variety of projects to improve accounting for state and local governments as they come under pressure from the threat of reduced funding from the federal government. "If All rights reserved.

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Monday Morning Accounting News Brief: PwC Consolation Prizes; Al Pacino’s Accountant Ripped Him Off | 10.21.24

Going Concern

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.

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Does My Accounting Software Meet DCAA Compliance?

Accounting Seed

To be a successful government contractor, your business processes need to be Defense Contract Audit Agency (DCAA) compliant. Successfully completing a DCAA audit ensures the legality of your operation and helps you continue acquiring government contracts. All of this requires highly flexible and automated accounting software.

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ESG Reporting Tools: A Unified Approach

Acterys

ESG reporting is the practice of disclosing a company’s performance and impacts related to environmental, social, and governance factors. Governance focuses on how a company is run, including corporate ethics, decision-making processes, transparency, and board efficiency. What Is ESG Reporting and Why Does It Matter?

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Mastering SaaS Bookkeeping: Essential Considerations for Success

Shay CPA

This blog post explores the special considerations that accountants and bookkeepers must take into account when managing the books for a SaaS company. This approach complies with ASC 606 (Revenue from Contracts with Customers), which governs revenue recognition standards in the U.S. Expense Management: Expensify or Ramp.