Financial reporting

Intacct has signed a partnership with manufacturing software developer Manufacturing Information Systsms(MISys) to deliver a manufacturing system for midsized businesses by integrating the two flagship products.

The Sustainability Accounting Standards Board has signed a memorandum of understanding with the Carbon Disclosure Project to deepen their partnership for advancing corporate disclosure on material sustainability issues.

The IFRS Foundation said Wednesday it has completed the first phase of an effort to assess the state of progress on global adoption of International Financial Reporting Standards.

Leslie Seidman, the outgoing chair of the Financial Accounting Standards Board, spoke about her experiences leading the board and its work on the upcoming revenue recognition standard during a sometimes emotional speech Wednesday that will be the last of her term.

The International Federation of Accountants held its seventh annual IFAC Small and Medium Practices Forum on Wednesday, gathering 175 delegates from 33 accounting organizations across 30 countries for the conference in Kampala, Uganda.

Most midmarket ERP software implementations are accomplished with moving off QuickBooks and for the most part, users can plan and execute the transition rapidly. And with the right consultant, the transition can be planned and executed rapidly, but how do you know when it’s time?

Online accounting software maker Xero has partnered with online credit card payment company Stripe, allowing Xero users to integrate Stripe’s system to accept payments.

Sage 100 Fund Accounting has received the first major upgrades to the product since it was sold to Accel-KKR, including mobile access for key tasks, allowing nonprofits and governmental agencies access from a wireless connection

Last August, the American Institute of CPAs released an exposure draft of its updated guidance on the Valuation of Privately Held Company Equity Securities Issued as Compensation.

The Securities and Exchange Commission charged Bellevue, Wash.-based commercial truck manufacturer Paccar, and a subsidiary, with various accounting deficiencies that clouded their financial reporting to investors in the midst of the financial crisis.

IMGCAP(1)]Check out the digital edition of the June 2013 issue of Accounting Today.

Another reprise of a classic column

An exercise in management by sticky notes

The transition will require some adjustment on your part

Frequently I am asked, "What IT projects produce the greatest ROI?" While the intent of the question may be hidden, the answer is simply that there are firm projects where technology is a component or the accelerator.

The golden age of retirement is upon accounting firms, as most have at least one partner in the 77-million-strong Baby Boomer demographic, whose oldest members have already started reaching the 65-year milestone.

Virtually all tax preparers were adversely affected by the late start to the 2013 filing season, with the added complications of late forms, late information from brokerage houses and, in some cases software glitches.

You'll want to pay attention to these different areas of change

On just about every front and at just about every level, change is creating challenges for accountants and accounting firms. You don't have to go far to find long lists of issues.

The principles behind the passive-activity loss limitations rules under Code Sec. 469 and the net investment income Medicare tax under Code Sec. 1411 are similar -- limit business losses from passive activities or raise the tax on passive-type income a bit more, when not the direct result (at least not a significant part) of a taxpayer's labor. Congress, however, did not leave it at that -- or, as some would argue, leave well enough alone.