Financial reporting

The Financial Accounting Foundation and the Financial Accounting Standards Board have launched a new section on the FAF Web site that features audio, transcripts and photos from the September’s FASB@40 Conference hosted in New York to commemorate the FASB’s 40th anniversary.

The chairmen of the Financial Accounting Standards Board and the International Accounting Standard Board appeared alongside each other Monday to discuss the status of their efforts to converge accounting standards over the past decade or more and their plans for the future as the convergence effort appears to be running out of steam.

Apple has approved Workbox, a new app designed to allow users to run all bookkeeping functions directly from their iPads.

Cloud accounting and financial software provider FinancialForce.com has launched FinancialForce Revenue Recognition, the latest addition to its suite of cloud applications built on the Salesforce platform.

The Private Company Council has voted to finalize an alternative standard for private companies to use when applying variable interest entity guidance to common control leasing arrangements.

Michel Prada, chairman of the IFRS Foundation Board of Trustees, which oversees the International Accounting Standards Board, took countries like the U.S. and Japan to task for taking what he called an “à la carte” approach to accounting standards by not fully embracing International Financial Reporting Standards.

Accounting firms could find value in managing their clients online funding campaigns, according to Xcentric's vice president of marketing Roy Keely.

For the last several years, accounting firms have been merging with or acquiring their peers -- but the shopping spree is bound to come to an end as future leaders head out to create their own practices once the combined firms complete their integration, according to Boomer Consulting shareholder and COO Sandra Wiley.

The Governmental Accounting Standards Board has released a new online toolkit to help preparers and auditors of state and local government pension plans implement new accounting and financial reporting standards.

Accountants face irrelevance if they don't keep up with the continuing changes in technology, according to Jon Baron, managing director of Thomson Reuters' Professional Tax & Accounting.

Ernst & Young has been making a greater effort this Veterans Day and in recent years to increase its outreach to veterans and hire more members of the military to bring their leadership skills to the firm.

Recent calls to get rid of public company audits are way off-base

Habitat for Humanity rehab project, Edge Awards and more...

Check out the digital edition of the November 2013 issue of Accounting Today.

The Financial Accounting Standards Board has issued a proposed accounting standards update to improve financial reporting about public and private development stage entities.

The American Institute of CPAs’ Financial Reporting Executive Committee and the AICPA’s Impairment Task Force plan to release the final version of a new AICPA Accounting and Valuation Guide, "Testing Goodwill for Impairment," on Friday.

The Financial Accounting Standards Board voted Wednesday to move forward with preparing a final standard on revenue recognition that is expected to be issued during the first quarter of 2014.

While it’s not fully there, the accounting profession is finally starting to be ready for the cloud -- and vice versa, according to technology expert David Cieslak.

Small businesses are disproportionately victimized by fraud, according to Bill.com founder Rene Lacerte, and they need to adopt new ways to protect themselves.

Australia-based Sage development partner Dingosoft has released a trust accounting module for Sage 300 ERP, which was created with the Sage 300 software development kit --the same set of tools used by Sage to develop their accounting modules.