CPA Practice

MAY 24, 2024

The Board of Trustees of the Financial Accounting Foundation (FAF) today announced that Hillary H. Salo, whose five-year term on the Financial Accounting Standards Board (FASB) begins July 1, 2024, will serve as the board’s vice chair upon the start of her term.

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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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CPA Practice

DECEMBER 20, 2024

The Financial Accounting Standards Board (FASB) has published a proposed Accounting Standards Update (ASU) intended to improve the financial accounting for and disclosure of financial activities related to environmental credits and environmental credit obligations.

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RogerRossmeisl

APRIL 24, 2023

Crooks find opportunities As with email, social media messages can trick users into clicking links and providing sensitive information, such as their usernames, passwords, Social Security numbers and financial account numbers.

CPA 231

CPA financial accounting accounted Account 231

Withum

DECEMBER 2, 2024

Moreover, cash basis accounting is not compliant with Generally Accepted Accounting Principles (GAAP), as established by the Financial Accounting Standards Board (FASB). GAAP mandates the use of accrual accounting, meaning businesses relying solely on cash basis accounting may face compliance issues.

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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.” Greetings!

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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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SMBAccountant

MARCH 8, 2023

Some responsibilities of tax accountants include: Preparing federal and state income taxes Calculating and filing property taxes, sales taxes, and licenses Preparing and filing 1099 forms Assisting with tax audits or legal disputes The second type of accounting is financial accounting.

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tax accountant Tax Account accountant 130

SMBAccountant

DECEMBER 2, 2020

However, compliance with generally accepted accounting principles (GAAP) is required. GAAP are a set of accounting principles established by the Financial Accounting Standards Board (FASB) to provide clarity, consistency, and comparability of financial reporting and information. What exactly is GAAP?

Government 219

Government accounting principles Account accountant 219

MarkFriedlich

MARCH 30, 2020

The CARES Act (the “Act”) provides temporary relief from FASB Accounting Standards Update (ASU) No. 2016-13, Financial Instruments —Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The post The CARES Act Provides Temporary Relief from CECL Standard appeared first on Tax & Accounting Blog.

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Accounting Today

MAY 28, 2024

The Financial Accounting Foundation announced Hillary Salo as the next vice chair of the Financial Accounting Standards Board.

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Accounting Today

SEPTEMBER 6, 2023

The Financial Accounting Standards Board voted to adopt its eagerly awaited standard for cryptocurrency like Bitcoin held by companies.

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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 Today

AUGUST 30, 2023

The Financial Accounting Standards Board voted to require companies to tell the public more about the taxes they pay, starting as early as 2025.

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Wendy Tietz

NOVEMBER 8, 2024

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. You can access this podcast episode at this link. Our podcast […]

Account 52

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Accounting Today

JULY 12, 2024

The Financial Accounting Standards Board released a new chapter of its Conceptual Framework on the measurement of items recognized in financial statements, while also drawing that project to a close.

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Accounting Today

OCTOBER 21, 2024

The Financial Accounting Standards Board has decided to tweak some of its standards related to contract assets and liabilities for construction contractors.

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Accounting Today

JULY 24, 2024

The Financial Accounting Standards Board issued a proposed accounting standards update to request public comments on possible changes to two of its standards.

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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.

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Accounting Today

DECEMBER 13, 2023

The Financial Accounting Standards Board released its long-awaited accounting standards update to improve the accounting for and disclosure of certain cryptoassets.

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Accounting Today

NOVEMBER 13, 2024

The Financial Accounting Standards Board issued a proposed accounting standards update that aims to improve the navigability of the disclosures that need to be provided for interim reporting periods.

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Accounting Today

DECEMBER 14, 2023

The Financial Accounting Standards Board issued an accounting standards update Thursday aimed at improving income tax disclosures from companies.

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Going Concern

FEBRUARY 27, 2024

This study determines how ChatGPT can become a human agent for students on two financial accounting course units, multiple choice question assessments. There were ten questions for the Introductory Financial Accounting and 10 for the Advanced Financial Accounting course units.

Account 116

Account accountant accounted Construction 116

Accounting Today

OCTOBER 10, 2023

The Financial Accounting Standards Board is incorporating some of the Securities and Exchange Commission's disclosure requirements into its Accounting Standards Codification.

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Accounting Today

AUGUST 30, 2023

The Financial Accounting Standards Board released another chapter of its conceptual framework related to the recognition and derecognition of an item in financial statements.

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Accounting Today

DECEMBER 28, 2023

The Financial Accounting Standards Board has decided not to add several projects to its technical agenda, including one on commodities, despite requests.

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CPA Practice

NOVEMBER 7, 2024

As the year comes to a close, clients will increasingly rely on their advisors to help them confidently close out their financials. By Jana Rzezniczek.

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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

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CPA Practice

JULY 15, 2024

The Financial Accounting Standards Board (FASB) issued a new chapter of its Conceptual Framework related to the measurement of items recognized in financial statements on July 12, marking the end of this multiyear project. A Statement of Financial Accounting Concepts is nonauthoritative and doesn’t establish or change U.S.

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CPA Practice

JANUARY 22, 2025

The Financial Accounting Standards Board published aproposed Accounting Standards Update on Jan. 22 focused on targeted improvements to theFASB Accounting Standards Codification.

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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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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.

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Accounting Today

JANUARY 6, 2025

The Financial Accounting Standards Board released an update to clarify the interim effective date of its standard on disaggregation of income statement expenses for non-calendar year-end companies.

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CPA Practice

JANUARY 3, 2025

The Financial Accounting Standards Board published aninvitation to comment on Jan. 3 that gives stakeholders the opportunity to provide feedback on the board's future standard-setting agenda.

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CPA Practice

MARCH 14, 2023

This article will provide a general overview of the current reporting requirements for foreign financial assets on the Report of Foreign and Financial Accounts (“FBAR”) and on Form 8938 under the Foreign Account Compliance Act (“FATCA”). person concerning that account or has any signatory authority over the account.

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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

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CPA Practice

DECEMBER 22, 2023

The Financial Accounting Standards Board has issued a proposed new chapter of its Conceptual Framework related to the measurement of items recognized in financial statements. A Statement of Financial Accounting Concepts is nonauthoritative and does not establish or change generally accepted accounting principles.

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