Accounting

January 23, 2019 

Public entities are well underway with adoption of the new revenue recognition standard, as the new guidance is effective for interim and annual periods in 2018. Private companies still have some time as the guidance is effective in 2019 for annual ...

January 23, 2019 

All businesses relish a good sales tax audit. After all, what’s not to like? And did you know it’s possible to spend more time, money, and resources than absolutely necessary during an audit? It’s true. Simply follow the five tips below and you’ll ...

Gail Cole

January 23, 2019 

The IFRS Foundation has published an updated guide to using the IFRS Taxonomy, to help companies with the electronic tagging of their financial statements. The IFRS Taxonomy facilitates the creation and use of IFRS financial statements in an electronic format by defining specific codes, or elements, that companies can use to tag information. Such tagged...…

January 23, 2019 

The Governmental Accounting Standards Board (GASB) has issued a proposed Implementation Guide that contains questions and answers about the GASB’s new standards on accounting and financial reporting for fiduciary activities.

January 23, 2019 

The credit losses standard issued in 2016 requires organizations to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts with ...

January 23, 2019 

Particularly strong growth from tax (14.8%) and advisory (10.4%) service lines across the network.

January 22, 2019 

To help public and private companies adjust to FASB’s new lease accounting standard, Grant Thornton LLP has introduced a web-based application called LeaseCom Analytics (LCA). LCA combines advanced analytics and machine learning to automate the ...

January 22, 2019 

Among the numerous federal departments and agencies that have been affected by the shutdown, the Small Business Administration has been closed since December 22. This has strong negative effects for companies using its 7A Guaranteed Lending Program ...

January 21, 2019 

To be eligible for the award, students must have completed AICPA’s Accounting Program for Building the Profession: Advanced High School Accounting course (APBP). The course is part of an AICPA program that trains high school educators to teach ...

January 21, 2019 

TaxToken, a blockchain-as-a-service (BaaS) company that helps taxpayers streamline their personal cryptocurrency accounting, has announced its official company launch. TaxToken combines blockchain and artificial intelligence to automate much of the ...

January 21, 2019 

A study in the current issue of the journal may very well reinforce that inhibition. The research finds that the complicated ploys that often characterize aggressive tax-planning sow uncertainty and even confusion not just about companies’ taxes ...

January 21, 2019 

Prior to joining Bill.com, Chung held multiple positions within eBay - most recently, Chief Product Officer for eBay Korea, running engineering, product and UX/UI design teams for the country’s leading e-commerce platform. Before that, she ...