Pictured, left to right: Charles Wright, Norman Strauss, Wesley Bricker, and Kyle Moffatt Photos by E. Lee White Bricker began the panel by showing the…
As implementation of FASB's new current expected credit loss (CECL) model begins across institutions of all sizes, one of the questions executive management should be…
CPAJ News Briefs
FASB/PCAOB/IASB News
FASB News Effective Date for Insurance Accounting Amendments still 2021 Despite the complaints of U.S. insurance companies that they will not be ready to meet…
In Brief The new lease accounting standard, released by FASB in early 2016, represents one of the largest and most impactful reporting changes to accounting…
The consolidation and reporting of related entities can be a complicated accounting topic, particularly for private companies that use separate legal entities to manage a…
Financial Reporting: Entering Uncharted Waters
Highlights from the 17th Annual Baruch College Financial Reporting Conference
The 17th Annual Financial Reporting Conference, hosted by Baruch College this past May 3, once again brought together regulators, standards setters, preparers, auditors, and users…
Pictured, left to right: Wesley Bricker and Russell Golden Photos by E. Lee White ABOUT THE SPEAKERS Wesley Bricker serves as the chief accountant for the…
Every one of us plays a role in promoting integrity in our capital markets. That's because, for all of its flaws, modern market capitalism remains…
Where would I start in talking about sustainability and corporate reporting? First, corporations all over the world identify and understand the key factors behind their…
ICYMI | Marketers’ Methodologies for Valuing Brand Equity
Insights into Accounting for Intangible Assets
Many companies exhibit a discrepancy between their tangible book value and their market value. For example, global brand expert Kevin Keller cites PepsiCo, which had…
Accounting is all about the numbers. But some items that are not easily tallied up in a financial statement are nonetheless essential to the day-to-day…
Quarterly U.S. GDP Growth First quarter GDP growth was 2.63%, the lowest in four quarters; however, the expectations for the current quarter range from 3%…
I read with interest the introduction to the June 2018 technology issue of The CPA Journal and the articles related to blockchain technology. I found the blockchain…
The Global Sustainability Standards Board (GSSB) of the Global Reporting Initiative (GRI) transitioned from issuing “guidelines” to more formal “standards” in October 2016. The new…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
In March 2018, the Sustainability Accounting Standards Board (SASB) established a relationship with Fordham University's Gabelli School of Business to advance the emerging field of…
CPAJ News Briefs
FASB/AICPA News
FASB News Banks Seek Extended Phase-In Period for Credit Loss Standard Banks want federal banking regulators to make it easier to adopt FASB’s proposed credit…
Few countries can claim that integrated reporting (IR) is common among domestic companies. An exception is South Africa, with many listed and public organizations having…
"Progress is impossible without change, and those who cannot change their minds cannot change anything." — George Bernard Shaw Is the CPA profession declining in…
Most CPA firms today are focusing their efforts on eliminating client interaction. They want clients to drop off their tax info and pick up their…
First Look at the Tax Cuts and Jobs Act of 2017
Seven Questions about the Business Interest Expense Deduction
This article answers several questions taxpayers and their advisors will have about the new rules under the Tax Cuts and Jobs Act of 2017 (TCJA)…
Sustainable Investing for Institutions
A Case Study
Sustainable investing is at once intuitive and confusing; it seems like the right thing to do, but there are many different ways to do it.…
CPAJ News Briefs
FASB/AICPA News
FASB News EITF Effort to Clarify Business Combinations Guidance Delayed FASB’s Emerging Issues Task Force (EITF) recently determined that it needs to further revise a…
In Brief Corporate sustainability reporting is becoming more widespread with each passing year, and with that growth comes the need for companies to back up…
Narrowing the Casualty Loss Deduction
TCJA Provisions Limit Scope of Tax Relief
Internal Revenue Code (IRC) section 165(c)(3) defines a casualty event to be a “fire, storm shipwreck, or other casualty.” As usually happens with ambiguous language…
Getting Older Without Family
Addressing Personal, Legal, and Financial Concerns
The American Association of Retired Persons (AARP) projects that by 2030, approximately 16% of women will be between 80 and 84 years old and childless…
The Current State of Sustainability Reporting
A Work in Progress
In Brief Sustainability investing continues to grow in popularity, but the lack of standardization in sustainability reporting poses a challenge for investors wishing to maximize…
The Profession’s Role in Sustainability Advocacy
Challenging CFOs to Join the Movement
For the past 15 years of my 40-year career in the hospitality sector, I have been advocating for hotel companies, and the tourism industry at…
In Brief As more and more companies begin to devote serious attention to sustainability reporting, many different systems of rating the depth and effectiveness of…
CPAJ News Briefs
FASB/IASB News
FASB News Minor Technical Corrections Published for Lease Standard FASB has published an update to U.S. GAAP with 16 technical corrections for its much-watched lease…