Accounting Standards December 17, 2024
The proposed ASU provides recognition, measurement, presentation, and disclosure requirements for all entities that purchase or hold environmental credits or have a regulatory compliance obligation that may be settled with environmental credits.
December 6, 2024
November 25, 2024
Accounting Standards December 17, 2024
The proposed ASU provides recognition, measurement, presentation, and disclosure requirements for all entities that purchase or hold environmental credits or have a regulatory compliance obligation that may be settled with environmental credits.
Accounting December 12, 2024
The report concluded that Generative AI has the potential to reduce the burden of human interaction for many types of tasks, freeing up a workforce for higher productivity and space for more ambitious strategies.
Small Business December 6, 2024
A federal court in Texas has issued an injunction barring enforcement of the Corporate Transparency Act and BOI reporting, until the case is resolved.
Financial Reporting December 5, 2024
A new federal law that would require most LLCs, corporations and partnerships to file disclosures with the Treasury Department, including Beneficial Ownership Information, has been halted by a Texas federal judge.
Accounting Standards December 3, 2024
The proposal addresses challenges with applying CECL to current AR and contract assets arising from revenue transactions.
Accounting Standards November 25, 2024
The proposal defines subsequent events and provides note disclosure requirements in order to reduce diversity in practice.
Financial Reporting November 25, 2024
The Consumer Financial Protection Bureau (CFPB) has finalized a rule to supervise the largest nonbank companies offering digital funds transfer and payment wallet apps.
Accounting November 19, 2024
The proposal would establish rules on the recognition, measurement, and presentation of a government grant received by a business.
Financial Reporting November 15, 2024
According to the AICPA, there is a worrisome lack of awareness surrounding the reporting requirements for BOI and they have raised these concerns about the complexities around the rule with FinCEN.
Accounting November 15, 2024
Challenges such as a lack of IT support (34%), budget constraints (31%) and talent shortages (28%) are cited as the main barriers to transformation.
Financial Reporting November 15, 2024
Additionally, financial controllers can monitor, and control card purchases for compliance and set up policies for supported merchants and categories.
Accounting November 14, 2024
An invitation to comment was issued on Nov. 14 as part of the FASB's research project on financial KPIs for business entities.