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Financial Accounting Foundation Seeks Nominations for the Financial Accounting Standards Advisory Council

CPA Practice

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.

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Financial Accounting Foundation Appoints Hillary H. Salo Vice Chair of the Financial Accounting Standards Board

CPA Practice

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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What is Managerial Accounting and How Does it Differ from Financial Accounting?

Snyder

So what’s managerial accounting, and why is it crucial for small business owners? Managerial accounting is…. How managerial accounting looks at data. What managerial accounting focuses on. Major tasks of managerial accounting. Financial accounting vs. managerial accounting. Contents: 1.

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Financial Accounting Foundation Names New Vice Chair and Members of GASAC

CPA Practice

The Board of Trustees of the Financial Accounting Foundation (FAF) has appointed Lisa Washburn to the position of vice chair and has appointmented David Goldman and Deborah L. Miller, CPA, to the Governmental Accounting Standards Advisory Council (GASAC). All appointees’ terms begin March 1, 2024.

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New! Word Search Puzzle to Review PP&E and More in Financial Accounting

Wendy Tietz

Below are links to a word search puzzle to review Property, Plant & Equipment and Intangible Assets in financial accounting. Both links are to the same puzzle, but one has a solution button enabled and the other does not.

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Poll: How important are journal entries for introductory financial accounting?

Wendy Tietz

I am working on developing a new project for introductory financial accounting and I am trying to decide whether to include journal entries as part of the project, or to focus on understanding and the use of the information. The project I am working on would apply to several topics within introductory financial accounting, […]

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Financial Accounting Standards Advisory Council Meeting Recap

CPA Practice

The Financial Accounting Standards Advisory Council ( FASAC ) held its quarterly meeting on Tuesday, March 7, 2023. The FASB chair provided highlights on FASB activities, and the SEC and PCAOB staff members commented on current issues and activities. Council members discussed the following topics.