Financial Reporting

May 11, 2015 

The American Institute of Certified Public Accountants (AICPA) appreciates the opportunity to review and provide input into the February 2015 Request for Comment (Request) on the Financial Accounting Foundation’s Three-Year Review of the Private ...

May 4, 2015 

Thomson Reuters has introduced PPC’s Guide to SSARS Preparation Engagements in response to the new financial statement preparation service introduced by the Accounting and Review Services Committee of the AICPA.

April 29, 2015 

The Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update (ASU) intended to improve the information provided in not-for-profit financial statements and notes to financial statements. Stakeholders are encouraged to review and comment on the proposed ASU, Presentation of Financial Statements of Not-for-Profit Entities, by August 20, 2015. “The proposed ASU contains...…

April 23, 2015 

More than ever, companies both big and small are finding success moving financial management to the cloud. This shift indicates that organizations are working to become more accessible and responsive in the ever-changing world of finance and accounting.

April 14, 2015 

SAP SE has released the SAP Revenue Accounting and Reporting application, which specifically addresses both requirements derived from this new accounting standard as well as generic and existing requirements related to revenue recognition across various

April 7, 2015 

Modeling Cloud provides a bridge between operational and financial planning processes to help companies drive better organizational alignment and achieve greater business agility.

April 6, 2015 

Four in five Americans believe not-for-profit employees should be exposed to the same training as finance professionals at other businesses

March 27, 2015 

The paper, titled “External Corporate Governance and Misreporting,” analyzed external governance provisions, specifically those provisions that limit direct shareholder participation in the governance process. The researchers found that fewer ...

March 23, 2015 

The U.S. is expected to continue its recovery from the global recession, but it may not have as much company, according to a new study from American Express and CFO Research.

March 11, 2015 

What keeps CFOs awake at night? In addition to keeping a close eye on key performance indicators such as capital expenditures and taxes, many cite less-expected concerns such as infectious diseases, severe weather and global political unrest, all of which

March 10, 2015 

The U.S. Securities and Exchange Commission (SEC) has adopted the 2015 GAAP Financial Reporting Taxonomy, the agency reported on Monday. The 2015 GAAP Taxonomy is available online.

February 25, 2015 

In a February 23 letter, FinREC Chairman Jim Dolinar and AICPA Investment Companies Expert Panel Chairman Brent Oswald expressed support for the FASB’s effort to provide consistency and transparency through alignment of disclosure and ...