March 12, 2014
Earnings Restatements Can Cause Long-Term Loss of Credibility
Following earnings restatements, companies lose credibility with investors for 3 years, much longer than previously believed
February 24, 2014
Small Biz Management Tool Integrates with Bill.com
PNC Bank. is partnering with Bill.com to enhance the bank's Cash Flow InsightSM, a suite of online tools specifically designed to help small businesses better manage incoming and outgoing funds. The enhanced technology automates the payables and receivables processes, taking paper out of the equation when sending invoices, making payments and tracking approvals.
February 11, 2014
New Business Valuation Tool Designed for Accounting Firms
Financial analysis developer Sageworks has released a new web-based business valuation system called PinPoint. The program is designed to help accounting, private equity and valuation firms determine an accurate and legally-defensible value for private companies.
January 30, 2014
IASB Issues Interim Standard on Rate-Regulated Activities
The International Accounting Standards Board (IASB) today issued an interim Standard, IFRS 14 Regulatory Deferral Accounts. The aim of this interim Standard is to enhance the comparability of financial reporting by entities that are engaged in rate-regulated activities.
January 29, 2014
How to Avoid Overpayments and Underpayments on W-2s
Now is a great time to sort out any anomalies that could complicate year-end and W-2 processing. And two of the most common are overpayments and repayments.
January 27, 2014
The New Controller Checklist
Anyone who has been hired into the controller position for the first time may feel overwhelmed, since the job description involves an enormous range of responsibilities.
January 27, 2014
Deadline for Forms W-2 and 1099 is on Friday, Jan. 31
Those who paid regular employees or used a contractor for more than $600 in work have until Jan. 31, 2014, to provide the appropriate wage and income reporting form – a W-2 or 1099-MISC – to all recipients. For those who procrastinate, sorting through the various IRS reporting requirements at the last minute can make…
January 22, 2014
Tips for Tackling Small Business Finances in 2014
Online accounting software maker Xero has released a new collection of critical tips and advice from accountants that is designed to help small businesses improve operations in 2014.
January 21, 2014
New Print Edition of FASB Accounting Standards Codification Available
The Financial Accounting Foundation (FAF) today released an updated print edition of the Financial Accounting Standards Board’s FASB Accounting Standards Codification, the single, authoritative source of U.S. Generally Accepted Accounting Principles (U.S. GAAP) for public and private companies and not-for-profit organizations.
January 15, 2014
International Federation of Accountants Seeks Convergence of Global Regulations
As Australia assumes the presidency of the G-20 for 2014, IFAC reiterated its call on global policymakers to refocus on regulatory convergence, and said their failure to do so is stifling business confidence, economic stability, and ambitions for a sustainable recovery.
January 14, 2014
Accounting Firms, Medical Practices Top List of Businesses with Best ROI
Returns, rewards, whatever you call them, most people want to make something off of the money or effort they provide to a venture. And it’s human nature to try to get the greatest reward on the smallest input possible.
January 2, 2014
Financial Accounting Foundation Appoints New Board Member
The Financial Accounting Foundation has named investor Ann M. Spruill to its Board of Trustees.