The Latest

The Financial Accounting Standards Board has released a proposed accounting standards update to clarify the guidance on performance obligations and licensing contained in the new revenue recognition standard.

Lawmakers in the House and Senate have re-introduced legislation to encourage the creation of employee stock ownership plans in S Corporations.

Wave announced it has closed a $10 million Series C investment, bringing the cloud-based accounting software provider’s total investment to $35 million.

Greatland is adding year-end reporting for the Affordable Care Act to its W-2 and 1099 reporting software, Yearli.

The Private Company Council that the Financial Accounting Foundation created three years ago appears to be fulfilling its mission of providing relief for privately held companies from onerous accounting requirements, but some groups are worried that it will lose its powers and independence.

It is “silly” for Republicans to put together a response to the Supreme Court’s expected June ruling on the legality of subsides in the federal health care exchange, the health policy director at the CATO Institute, which helped launch the lawsuit, said Monday.

Seventeen-year-old Sean Lawrence earned a $120,000 college scholarship through the H&R Block Budget Challenge - a financial literacy program that rewards high school students for mastering personal finance - the company announced Monday.

H&R Block is looking for accountants, bookkeepers and salespeople to join its recently launched Block Small Business service.

Recently I was asked if I could provide some reasons for my success.

CPA.com president and CEO Erik Asgeirsson talks about a recent executive roundtable that CPA.com and the AICPA hosted with technology developers who cater to accountants, in an interview with Accounting Today editor-in-chief Dan Hood.