Article
Final Overtime Rule on Hold
A November 22 preliminary injunction has blocked the Final Overtime Rule scheduled to become effecti...
November 30, 2016
Article
FASB Seeks More Information on Inventory Disclosures
Businesses using the Retail Inventory Method (“RIM”) could be facing additional disclosure requi...
November 28, 2016
Article
Small Edit to Nonprofit Guidance Approved
A phrase accidentally included in Accounting Standards Update (“ASU”) No. 2016-14, Not-for-Profi...
November 21, 2016
Article
Amendment Proposed for Service Concession Arrangements
Businesses have asked for additional guidance on Topic 853, Service Concession Arrangements, and the...
November 18, 2016
Article
Paid Sick Leave Now Required for Federal Contractors
By: Sara Crabtree, Senior Manager Effective November 29, 2016, the Department of Labor has issued re...
November 17, 2016
Article
FASB Says to Use Judgment When Applying Revenue Standard
Companies will have to make a judgment call when recording revenue from customer contracts over time...
November 17, 2016
Article
New Private Company Council Members Announced
Yesterday, the Financial Accounting Foundation’s (“FAF”) Board of Trustees appointed the follo...
November 16, 2016
Article
FASB Investor Panel Adds Academia Members
Changes are ahead regarding the Financial Accounting Standards Board’s (“FASB”) Investor Advis...
November 15, 2016
Article
Slight Correction Proposed to New Nonprofit Accounting Guidance
Following its October 19 meeting on approved technical corrections to the U.S. GAAP, the Financial A...
November 03, 2016
Article
Guidance for Intra-Entity Transfers of Assets Amended
Providing relief for reporting the income tax consequences of an intra-entity transfer, the Financia...
October 28, 2016
Article
Post-Implementation Reviews on Pause
Financial Accounting Standards Board (“FASB”) post-implementation reviews are currently on hiatu...
October 12, 2016