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.

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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

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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Katz,Sapper&Miller

JUNE 25, 2018

With penalties including monetary fines and possible jail time, the Internal Revenue Service (IRS) and Department of the Treasury have shown how seriously they treat violations related to foreign financial account reporting.

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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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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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Cherry Bekaert

MARCH 9, 2023

persons for nonwillful compliance failures to file reports of foreign bank and financial accounts, is assessed against each report that is required to be filed and is not assessed against each bank account required to be reported. Foreign Bank and Financial Accounts Report (FBAR) A U.S. Originally, the U.S.

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CPA Practice

JANUARY 30, 2023

The Financial Accounting Foundation (FAF) said on Monday it is planning to give investors and other stakeholders greater online access to financial accounting standards for public and private companies, as well as for governments.

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Accounting Today

SEPTEMBER 5, 2023

Miguel Gutierrez argues he had nothing to do with the attempt to manipulate the retailer's financial accounts that led to a massive accounting scandal.

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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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CPA Practice

FEBRUARY 28, 2023

The Financial Accounting Foundation (FAF) has launched its free, enhanced online access to the Accounting Standards Codification and the Governmental Accounting Research System (GARS), implementing a change announced last month. governmental entities.

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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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CPA Practice

OCTOBER 9, 2023

The Financial Accounting Standards Board ( FASB ) has issued an Accounting Standards Update (ASU) that incorporates certain U.S. Securities and Exchange Commission (SEC) disclosure requirements into the FASB Accounting Standards Codification.

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Accounting Today

JULY 26, 2023

Apart from a raid by India's financial crime-fighting agency, the tutoring startup failed to file its financial accounts on time, and U.S. investors accuse it of hiding half a billion dollars.

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CPA Practice

APRIL 27, 2023

The Financial Accounting Foundation (FAF) has given the financial reporting community an opportunity to raise potential concerns about compliance with the due-process procedures of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB).

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Accounting Today

JULY 28, 2023

The Financial Accounting Foundation is looking for candidates to join the council that advises FASB.

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Cherry Bekaert

SEPTEMBER 22, 2023

Contributors: Graham Michitsch, Senior Manager On September 6, 2023, the Financial Accounting Standards Board voted on cryptocurrency accounting and set in place a new rule that business must use fair-value accounting for certain crypto assets that meet the predefined criteria, such as bitcoin.

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Withum

AUGUST 25, 2021

I will be teaching Financial Accounting to non-accounting majors. Friday, I start teaching for the first time at my alma mater, Baruch College. It will be presented on Zoom to 70 undergraduate students ranging from Freshmen to Seniors and it is a 3:45 PM weekly session for 15 weeks.

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CPA Practice

OCTOBER 11, 2023

A federal jury convicted Gyetvay in March 2023 of failing to file a Report of Foreign Bank and Financial Accounts (FBAR), making a false statement to the IRS and willfully failing to file tax returns.

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Wendy Tietz

DECEMBER 3, 2022

Below are links to a crossword puzzle to review financial statement analysis concepts in financial accounting – and links to a word search puzzle to review the same concepts.

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GrowthForceBlog

MAY 22, 2023

7 min read Unless you are a bookkeeping and accounting professional, you likely didn't go into business with your heart set on financial reporting.

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Wendy Tietz

NOVEMBER 13, 2022

Below are links to a crossword puzzle to review stockholders’ equity concepts in financial accounting. Both links are to the same puzzle, but one has a solution enabled and the other does not.

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CPA Practice

OCTOBER 4, 2023

The Financial Accounting Standards Board ( FASB ) will host a public roundtable on its July 2023 proposed Accounting Standards Update (ASU), Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses.

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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?

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Wendy Tietz

OCTOBER 26, 2022

Below are links to handouts for a cryptogram puzzle to review Property, Plant & Equipment in financial accounting. Both handouts relate to the same puzzle, but one is the student handout and the other is the solution. This is a quick puzzle – it is a phrase that relates to PP & E. To solve […].

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CPA Practice

OCTOBER 17, 2023

Schechter later opened another CPL bank account at UBS Monaco SA, closed his account at Piguet, and transferred the balance of approximately $10.2 million into the new UBS Monaco account, further earning undisclosed interest and dividends until 2017.

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Anders CPA

JULY 21, 2022

The Financial Accounting Standards Board (FASB) issued new reporting guidelines to help increase transparency around the measurement of contributed nonfinancial assets recognized by not-for-profits, including how much was used to support programs and activities.

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CPA Practice

MARCH 16, 2023

The Financial Accounting Standards Board released a proposed Accounting Standards Update (ASU) on Wednesday that addresses requests from investors for improved income tax disclosures.

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CPA Practice

MAY 2, 2023

The Financial Accounting Standards Board (FASB) recently updated guidance for applying the lease accounting standard to arrangements between entities under common control.

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CPA Practice

NOVEMBER 27, 2023

The Financial Accounting Standards Board (FASB) on Monday approved new rules that are expected to improve disclosures about a public company’s reportable segments and provide more information to investors about a segment’s expenses. The changes outlined in Accounting Standards Update (ASU) No.

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CPA Practice

JUNE 30, 2023

The accounting standard was developed jointly with the U.S. Financial Accounting Standards Board and came into effect in 2018. It was created to improve the quality and comparability of revenue information provided to investors globally.

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CPA Practice

FEBRUARY 1, 2023

As expected, the Financial Accounting Standard Board (FASB) voted on Wednesday to issue an exposure draft of a new accounting standard that would require companies to measure cryptocurrency assets, like Bitcoin and Ethereum, using fair value accounting, with gains and losses recorded in current period comprehensive income.

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ThomsonReuters

OCTOBER 12, 2023

person holding an interest in specified foreign financial assets with an aggregate value exceeding $50,000 at the end of the tax year or $75,000 at any time during the tax year is required to report these assets on Form 8938. Report to the Foreign Bank and Financial Accounts (FBAR). Generally, any U.S.

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Going Concern

JANUARY 2, 2023

While the PCAOB has been on a mission to scare the pants off of auditors everywhere in the past year with record fines and scary speeches, the Financial Accounting Standards Board took a much more chill approach to 2022. 8—Conceptual Framework for Financial Reporting—Chapter 2: The Reporting Entity.

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SkagitCountyTaxServices

NOVEMBER 8, 2023

If you’re a US citizen with a financial interest in a foreign bank account, you need to file something called an FBAR (Report of Foreign Bank and Financial Accounts). This is required if the total value of all your foreign financial accounts adds up to more than $10,000 at any point in time.

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CPA Practice

APRIL 3, 2023

Ellis, CPA, partner in Ernst & Young LLP’s financial accounting advisory services practice in Chicago; Joshua Herbold, Ph.D., The Illinois CPA Society (ICPAS)—one of the largest state CPA societies in the nation—is proud to formally announce its new board of directors for the April 1, 2023, to March 31, 2024, fiscal year.

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Going Concern

JULY 7, 2023

[link] pic.twitter.com/Oqt2LdO5ZZ — American Institute of CPAs (@AICPA) June 29, 2023 Participants will be selected to review one of the six Exam sections (Auditing and Attestation (AUD); Financial Accounting and Reporting (FAR); Taxation and Regulation (REG); Business Analysis and Reporting (BAR); Information Systems and Controls (ISC); or Tax Compliance (..)

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