Financial Reporting
Latest News
Avalara Unveils Intelligent Tax Content Solution for Lodging and Hospitality
Survey: Over Half of Accounting Firms Plan to Increase Fees in 2025
Andersen Advances Global Valuation Practice in 10 Asia Pacific Countries
81% of Business Owners Have Some Optimism for 2025 Economic Outlook
FASB Looks to Add New Guidance on How Businesses Account For Government Grants
The proposal would establish rules on the recognition, measurement, and presentation of a government grant received by a business.
AICPA Has Grave Concerns with BOI Reporting Requirement Timeline
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.
Survey Shows Half of Organizations Are Lagging in Tax and Finance Automation
Challenges such as a lack of IT support (34%), budget constraints (31%) and talent shortages (28%) are cited as the main barriers to transformation.
Payhawk Adds Integration with Mastercard Transaction Notifications for Spend Management
Additionally, financial controllers can monitor, and control card purchases for compliance and set up policies for supported merchants and categories.
FASB Seeks Comment on Financial KPIs
An invitation to comment was issued on Nov. 14 as part of the FASB's research project on financial KPIs for business entities.
FASB Rolls Out Plan to Improve Interim Reporting Guidance
A proposal issued on Nov. 13 is intended to provide stakeholders some clarity on the current interim reporting requirements.
SaaS is Up, Ads Are Down and OpenAI Purchases Grow by 600%
The survey found that while broader economic conditions may not seem favorable to consumers, employees are continuing to rely on these tools to do their jobs, even going so far as to pay out of pocket for what they need and submitting them for reimbursement.
FASB Adds Standard on Income Statement Expenses
The FASB listened to investor requests by requiring public companies to disclose more information about certain expenses.