CPA Practice

NOVEMBER 19, 2024

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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inDinero Tax Tips

JANUARY 1, 2025

When youre building a tech startup, accounting probably doesnt feel very exciting. But, as a Y Combinator funded company and referral partner, weve noticed a pattern: promising startups regularly fail because of poor financial management. Is Your Business Financially Ready to Raise Funding? Accrual accounting is a bit trickier.

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CPA Practice

OCTOBER 31, 2024

The Financial Accounting Standards Board (FASB) has published a proposed Accounting Standards Update (ASU) intended to improve the requirements for identifying the accounting acquirer in FASB Accounting Standards Codification Topic 805, Business Combinations.

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Accounting Today

JUNE 23, 2025

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. But in todays environment, its at least something they have to consider."

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Basis 365

JANUARY 14, 2025

It demands a sound financial business model and reliable information to guide decision-making. At Basis 365, we provide outsourced accounting and bookkeeping services, acting as the accounting department for our customers. This will require collaboration with multiple disciplines including your accounting, sales, and operations.

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Shay CPA

FEBRUARY 19, 2025

Enter: a financial audit. This tool gives you a way to validate that your company is following proper accounting practices and that your books are accurate. based companies, that means adhering to generally accepted accounting principles (GAAP). companies need to adhere to Accounting Standards Codification (ASC) 842.

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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).

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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.

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Wendy Tietz

NOVEMBER 8, 2024

I am excited to announce that Professor Jill Mitchell and I have teamed up to create a series of podcasts for introductory financial accounting. Our podcast is called “Accounting Explained.” Additionally, the podcast is […]

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Shay CPA

FEBRUARY 12, 2025

Because of the Financial Accounting Standards Boards (FASBs) Accounting Standards Codification (ASC) 606 , its mandated that companies use whats called revenue recognition. We specialize in accounting for tech companies, so this is well within our wheelhouse. On the surface, bookkeeping might not seem that complicated.

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Accounting Insight

MARCH 26, 2025

Enter FinOps (Financial Operations) a cloud financial management discipline that helps businesses maximise the value of their cloud investments. It brings together finance, IT, and business teams to align financial accountability with operational efficiency. Without visibility, costs can quickly become unmanageable.

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Going Concern

JANUARY 3, 2025

Psst, take our 2025 Predictions for the Accounting Profession survey. Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

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Going Concern

FEBRUARY 10, 2025

I question this table though since CPA exam sections in 2003 were Auditing (AUDIT), Business Law and Professional Responsibilities (LPR), Financial Accounting and Reporting-Business Enterprises (FARE), and Accounting and Reporting-Other Areas (ARE).

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GrowthForceBlog

JANUARY 16, 2025

While it isn't necessary to share everything - after all, some numbers are private and should remain private - communicating your company's financial goals and sharing performance results can create a culture of transparency that improves efficiency, productivity.

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Withum

JANUARY 27, 2025

Securities and Exchange Commission (SEC) issued Staff Accounting Bulletin (SAB) 122 officially rescinding SAB 121. The purpose, per the SEC, was to provide guidance on the accounting for obligations to safeguard crypto-assets that an entity holds for its platform users. On January 23, 2025, the U.S.

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Withum

DECEMBER 16, 2024

On November 27, 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-07, Segment Reporting Improvements to Reportable Segment Disclosures. Effective for fiscal years beginning after December 15, 2023, it applies to public entities, including broker-dealers.

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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.

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Accounting Insight

NOVEMBER 11, 2024

The Institute of Financial Accountants (IFA) has announced new strategic partnerships with Croner-i and Clearview FX to further boost its member offering, delivering wider business benefits to accounting professionals.

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Accounting Today

JULY 24, 2025

He also attempted to conceal his income from the IRS by using his business bank accounts to pay personal expenses, including the purchases of auto parts, guns, jewelry and powersports vehicles. All rights reserved. On these returns, Edwards admitted that he owed more than $2.5 million in taxes.

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Wendy Tietz

MARCH 23, 2025

AI is transforming how we workand our students need to be ready to use AI in their future careers. As educators, we have a responsibility to help them understand how to use tools like ChatGPT responsibly and effectively. That means helping them see AI not as a shortcut or cheating aid, but as a tool […]

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Accounting Today

JULY 25, 2025

CONNECTICUT FASB, GASB and FAF logos on the wall at headquarters in Norwalk, Connecticut Courtesy of GASB The Financial Accounting Foundation board of trustees announced it is seeking nominations for new members to join the Financial Accounting Standards Advisory Council for an initial one-year term beginning Jan.

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Accounting Today

MAY 12, 2025

The Financial Accounting Standards Board released an update to improve the requirements for identifying the accounting acquirer in business combinations.

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Accounting Insight

JANUARY 7, 2025

SaaS solution enables automation of complex lease accounting calculations, ensuring precision and simplification Caseware, a global leader in cloud-enabled audit, financial reporting and data analytics solutions, today announced the acquisition of LeaseJava, a software-as-a-service (SaaS) solution designed and developed by leasing standards experts.

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Going Concern

OCTOBER 25, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. LLP, with WAMY and its counsel, engaged in wrongful conduct during Marks’ engagement with WAMY.

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Withum

DECEMBER 4, 2024

Expansion of small businesses that are able to use the cash (as opposed to accrual) method of tax accounting. The election must be reflected for financial accounting purposes or the books and records of the company as well. To qualify as a small business, a taxpayer must, among other things, satisfy a gross receipts test.

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Withum

JANUARY 29, 2025

Introductory Course in Financial Accounting at Baruch College This Friday, I will start a new semester teaching the introductory course in financial accounting at Baruch College, my alma mater. About 60% of the students are split between accounting and finance majors.

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AccountingDepartment

JUNE 12, 2025

Financial Planning and Analysis (FP&A) services from AccountingDepartment.com offer small to medium-sized businesses (SMBs) a powerful tool to not just survive but thrive in an increasingly competitive market. When it comes to scaling and growing your business, understanding and managing your finances is more crucial than ever.

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Basis 365

MAY 25, 2025

With the right tools, the right rhythm, and the right support system, you can build a financial operation that catches these issues early so you have time to react. Lets break down whats really at stake, how smart businesses stay ahead, and why outsourcing accounting services is the quiet superpower behind stable, confident growth.

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ThomsonReuters

DECEMBER 20, 2024

To effectively manage the 1099 process within the accounts payable system, Brett Michalson, a principal with Baker Tilly’s digital solutions practice, explains that it is essential to have a clear understanding of the vendors involved, the nature of their organizations, and whether a 1099 form is required for them.

Technology 52

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Wendy Tietz

NOVEMBER 8, 2024

The first episode of Accounting Explained has now been released. Background: Professor Jill Mitchell and I have teamed up to create a series of podcasts for introductory financial accounting. In this episode, we discuss the features of a corporation, including the advantages and disadvantages. Our podcast […]

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CPA Practice

JULY 1, 2025

in Ohio The top 30 accounting firm has its first location in Ohio after merging in Cincinnati-based CPA firm Flynn & Co. in Ohio The top 30 accounting firm has its first location in Ohio after merging in Cincinnati-based CPA firm Flynn & Co. Financial terms of the deal weren’t disclosed. Since 1994, Flynn & Co.

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CPA Practice

NOVEMBER 25, 2024

The Financial Accounting Standards Board (FASB) has published a proposed Accounting Standards Update (ASU) that, for public business entities that do not have an annual reporting period that ends on December 31, clarifies the interim effective date of Accounting Standards Update No.

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CPA Practice

NOVEMBER 4, 2024

A new standard requiring public companies to disclose, in interim and annual reporting periods, additional information about certain expenses in the notes to financial statements was finalized by the Financial Accounting Standards Board (FASB) on Nov.

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CPA Practice

NOVEMBER 25, 2024

The Board of Trustees of the Financial Accounting Foundation (FAF) has announced the appointment of Robert W. Scott to a five-year term on the Governmental Accounting Standards Board (GASB). Before entering the public sector, he was employed as an audit manager with the accounting firm of Deloitte & Touche.

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Going Concern

APRIL 4, 2025

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Orlando pet supply store, accounting firm file for Ch. As in “literally who?”

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CPA Practice

NOVEMBER 14, 2024

The Financial Accounting Standards Board (FASB) is calling on academics, accountants, auditors, lenders, financial statement preparers, and other stakeholders to provide their views on financial key performance indicators (KPIs). The FASB on Nov.

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CPA Practice

OCTOBER 22, 2024

Top 75 accounting firm PBMares is expanding its presence in the Washington, D.C. metro area by merging in BSB CPAs + Advisors, a top 400 tax and accounting firm based in Fairfax, VA, effective Jan. Financial terms of the deal weren’t disclosed. million, according to INSIDE Public Accounting.

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