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.

financial accounting 52

financial accounting accounting standards Account accounted 52

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.

accounting standards 111

accounting standards Account accounted accountant 111

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 Account accountant 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.

accrual accounting 105

accrual accounting Account accounted accountant 105

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!

Account 52

Account accounted accountant financial accounting 52

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.

tax accountant 130

tax accountant Tax Account accounted 130

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.

Government 115

Government Account accounted accountant 115

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 accounted 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.

accounting standards 160

accounting standards financial accounting Tax accountant 160

Accounting Today

MAY 28, 2024

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

accounting standards 124

accounting standards financial accounting accountant Account 124

Accounting Today

SEPTEMBER 6, 2023

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

accounting standards 141

accounting standards financial accounting accountant accounted 141

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.

accounting standards 59

accounting standards financial accounting accountant Account 59

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.

financial statements 116

financial statements accounting standards financial accounting Sales 116

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.

income tax 140

income tax Tax accounting standards financial accounting 140

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

Account accounted accountant financial accounting 52

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.

accounting standards 124

accounting standards financial statements financial accounting accountant 124

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.

accounting standards 122

accounting standards Construction financial accounting accountant 122

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.

accounting standards 122

accounting standards financial accounting accountant Account 122

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 accounted accountant 122

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.

accounting standards 132

accounting standards financial accounting accountant Account 132

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.

accounting standards 118

accounting standards financial accounting accountant Account 118

Accounting Today

DECEMBER 14, 2023

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

income tax 126

income tax accounting standards Tax financial accounting 126

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 115

Account accounted accountant Construction 115

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.

accounting standards 126

accounting standards financial accounting accountant Account 126

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.

accounting standards 126

accounting standards financial statements financial accounting accountant 126

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.

accounting standards 124

accounting standards financial accounting accountant accounted 124

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.

cpas 111

cpas Account accounted accountant 111

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 accounted accountant accounting standards 112

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 accounted accountant 52

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.

accounting concepts 104

accounting concepts financial statements accounting standards financial accounting 104

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.

accounting standards 108

accounting standards financial accounting accountant accounted 108

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).

CPA 88

CPA audit Education financial accounting 88

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 accounted accountant accounting standards 106

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.

accounting standards 105

accounting standards financial accounting accountant accounted 105

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.

accounting standards 105

accounting standards financial accounting Account accountant 105

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.

income tax 125

income tax tax return Tax financial accounting 125

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 accounted accountant accounting standards 112