Many CPAs are curious about whether teaching at a university will be a rewarding and fulfilling part of a professional career. In this article, the…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
FASB News New Rules for Long-Term Insurance Need Fixes for Embedded Derivatives, Insurance Sector Says Insurance companies are finding it tougher to account for embedded…
Maintaining student engagement—particularly in technical subjects such as accounting—presents a challenge to educators under the best of circumstances. Achieving high levels of student engagement has…
As accounting faculty at a public university, the authors believe the accounting profession has an obligation to combat implicit bias. Some may object that addressing…
FASB News Multiple Amendments to Standards Represent Continuous Improvement FASB does not find it frustrating to have to amend new accounting rules over and over,…
FASB News Proposed Improvements for Taxonomy Issued Companies can now weigh in on whether they agree with the proposed technical and other conforming improvements for…
The Intersection of Public Accounting and Human Rights
What Is the CPA’s Role?
Whenever speaking publicly on business and human rights, I usually preface my words with the caveat that I am not a lawyer, but a public…
FASB News Option to Avoid Applying Credit Loss Rules to Trade Receivables May Be Considered The new credit loss accounting rules did not move the…
FASB News Roundtable Raises Question on Whether to Redefine Leases An FASB lease accounting roundtable discussion on September 18 raised the surprising question of whether…
ICYMI | Eleven Ways to Reboot Business Momentum in the Midst of COVID-19
Taking Stock and Optimizing Opportunities
For CPAs, the past three months have seen a wide mix of consequences affecting clients, employers, and colleagues. One thing has been clear: Every business…
FASB News Consultation Document on Internationally Applicable Rules for Nonprofits to be Published A collaborative effort of various accounting groups worldwide will generate a consultation…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
The COVID-19 pandemic has caused disruption throughout the world and tragic loss of life. This difficult and uncertain time has produced significant negative impacts on…
FASB News Online Forum for CPE Providers Scheduled FASB will hold an online forum on October 12 that is designed to help companies and professionals…
ICYMI | The Statement of Cash Flows Turns 30
Common Reporting Deficiencies and Recent Changes
This past year marked the 30th anniversary of the statement of cash flows as a required financial statement. FASB's efforts in developing the then-new standard…
FASB News Proposed GAAP Codification Amendments Split Up FASB will continue to split up a November 2019 proposal aimed at improving the Accounting Standards Codification…
Eleven Ways to Reboot Business Momentum in the Midst of COVID-19
Taking Stock and Optimizing Opportunities
For CPAs, the past three months have seen a wide mix of consequences affecting clients, employers, and colleagues. One thing has been clear: Every business…
FASB News Twenty Projects on Technical Agenda to Be Reconsidered FASB plans to determine whether it still wants to pursue 20 of the projects on…
Editor's Note: This statement from our publisher was originally posted on the NYSSCPA website (http://www.nysscpa.org) on June 4, 2020. We as Americans and New Yorkers are…
FASB News Post Implementation Review Portal Launched Under New Process FASB launched a Post-Implementation Review (PIR) web portal that showcases its efforts to evaluate whether…
The pandemic has put many people and businesses in need of help. The federal government has responded by enacting Economic Impact Payments, Paycheck Protection Program…
FASB News Accounting Principle for Identifying Benchmark Interest Rates Expected An accounting principle to aid banks and other corporations in identifying permissible benchmark interest rates…
ICYMI | Advancing Diversity within the CPA Profession
An Interview with Alfonzo Alexander
While society has come a long way in its diversity efforts, the fact that many corporations have yet to implement diversity programs shows that the…
ICYMI | Addressing the Challenges of Diversity in the Profession
Determinant Factors for the Dearth of Minority CPAs
The dearth of minority CPAs has been a source of concern within the accounting profession for many decades (see Bert N. Mitchell, “The Black Minority…
FASB News Simpler Rules Issued for Convertible Instruments, Own Equity On August 5, FASB issued new rules to simplify the accounting for convertible instruments and…
FASB News No New Definition for Joint Ventures A majority of the FASB said it was best not to revise the definition for joint ventures—a…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
FASB News Accounting Rules for Franchise Fees Discussed FASB discussed whether to add a project to its technical agenda that would provide an accounting alternative…
The pandemic has put many people and businesses in need of help. The federal government has responded by enacting Economic Impact Payments, Paycheck Protection Program…