Financial Reporting
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AICPA Letter to FAF Commends Organization, Makes Recommendations
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 ...
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Guide Helps Firms Comply with New Accounting Standard
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.
FASB Proposes Changes to Not-for-Profit Financial Statements
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 […]
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How Financials in the Cloud Are Affecting the Bottom Line for Businesses
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.
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SAP Offers Solution for New Accounting and Reveue Recognition Standards
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
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Host Analytics Launches Cloud-Based Financial Modeling System
Modeling Cloud provides a bridge between operational and financial planning processes to help companies drive better organizational alignment and achieve greater business agility.
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Most Americans Want Nonprofits to Have Better Financial Management
Four in five Americans believe not-for-profit employees should be exposed to the same training as finance professionals at other businesses
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Shareholder Participation Improves Quality of Corporate Financial Reporting
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 ...