A new standard issued Tuesday by the AICPA Auditing Standards Board (ASB) is designed to align the AU-C 800 series in AICPA Professional Standards with the new standard on auditor reporting. Statement on Auditing Standards (SAS) No. 134, Auditor Reporting and Amendments, Including Amendments Addressing Disclosures in the Audit of Financial Statements, was issued in […]
The Three Golden Rules of Accounting You Should Always Follow
You might have heard of the Golden Rule in life: Treat others as you want to be treated. But, did you know that there’s also a golden rule for accounting? In fact, there are three golden rules of accounting. And no … one of them is not treating your accounts the way they want to […]
8 Reasons Why You Should Pick Accounting as a Career | Latest World News – Breaking News & Top Stories – Byte Bell
Choosing a career in accounting is tremendous, and there are a lot of opportunities to explore. If you’ve decided to venture into accounting, then you’re on your way to an exciting career. There are several advantages in accounting, but first, here are eight reasons why you need to choose to account. You’ll get opportunities Accountants […]
2020 Whole Ball of Tax: Your ‘Go-To’ Tax Season Resource
Annual collection of resources aid the preparer and taxpayer alike The annual 2020 Whole Ball of Tax (WBOT) from Wolters Kluwer Tax & Accounting is now available to help journalists, reporters, and media in general better understand the nuances of the 2020 tax filing season. Filled with valuable information, WBOT is a comprehensive collection of […]
A Profit and Loss Statement for Small Business Is a Must!
As a business owner, you must track the money going in and out of your company to keep your finances on track. One way you can do this is by monitoring your profit and loss statement for small business. Read on to learn how a profit and loss statement can benefit your business and how […]
Do You Know the Types of Partnership in Business?
When you start your venture, you have a number of decisions to make. What are you going to offer? What market are you going to target? Are you going to run your business solo or have a helping hand? If you don’t want to run your business alone, you might consider forming a partnership. Read […]
What Are Non-sufficient Funds?
As a small business owner, you have a lot on your plate at all times. You do your best to keep your accounts, finances, and books in order. But sometimes, things just slip your mind. At some point or another, you might spend more than what you have in your account. When this happens, you […]
CFOs Could Change Pension Accounting Style to Avoid Drag on Earnings – The Wall Street Journal
AT&T Inc. in 2010 switched to the mark-to-market method to improve the transparency of its accounting. Photo: Alejandro Cegarra/Bloomberg News By Mark Maurer Feb. 26, 2020 5:30 am ET Low interest rates could spur more U.S. finance chiefs to overhaul how they account for pensions in their financial statements, a move that could prevent increased […]
Accounting profession leaders call for action against climate change – Journal of Accountancy
Leaders of the accounting profession across the world made a united stand Tuesday in calling for accountants to put their skills to work to help businesses fight climate change. Fourteen accounting bodies representing members worldwide published a call to action urging accounting professionals to put sustainability and the fight against climate change at the forefront […]
Accounting profession leaders call for action against climate change
Leaders of the accounting profession across the world made a united stand Tuesday in calling for accountants to put their skills to work to help businesses fight climate change. Fourteen accounting bodies representing members worldwide published a call to action urging accounting professionals to put sustainability and the fight against climate change at the forefront […]