Financial reporting

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.

The changes of previous decades have left accountants acting more like their clients’ “most trusted servants” than their most trusted advisors, according to IT expert and thought leader Doug Sleeter.

New websites, recognitions and more...

Sage North America has officially put together Sage Accountant Solutions, a new business focused on building accountant-specific products and overseen by Jennifer Warawa, who was recently named vice president and general manager of the group.

FASB's proposed lease accounting rules really do try to get more useful information about assets and liabilities into financial statements. However, we don't think it's strong enough, because it doesn't cleanly address the No. 1 priority issue that asks whether off-balance-sheet financing has any legitimacy in financial reporting.

Three firms share their experiences as 'virtual accountants'

A roundup of reseller-related news

Mergers mean major SEC audit client gains for national firm

Look for the nuances in inter-generational generalizations

Different styles suit different generations

Chances are that some upfront planning and increased emphasis on IT leadership will provide big dividends. It will also ensure that you remain competitive and relevant in a rapidly changing world.

Thought leadership requires an investment of time, resources, and the right professionals