February 14, 2020 Hundreds of students set to compete at SIU’s 2020 Accounting Challenge by Christi Mathis CARBONDALE, Ill. — Hundreds of high school and community college students from throughout the region will be competing for scholarships, trophies and the chance to best their peers at Southern Illinois University Carbondale’s 22nd annual Accounting Challenge on […]
Ohio auditor finds six weaknesses in Cuyahoga County accounting practices in 2018 – cleveland.com
CLEVELAND, Ohio — The Ohio auditor identified six issues with the accounting practices of Cuyahoga County Executive Armond Budish’s administration in 2018 that left open the possibility of financial misstatements going undetected. The deficiencies, identified by auditors as “material weaknesses”, were released Thursday in Ohio Auditor Keith Faber’s annual report on county finances. Unlike the […]
Highest Tax Saving Bank Fixed Deposit Rates U/S 80C – February 2020
Tax Saving Fixed Deposits one of the most popular way to save taxes u/s 80C of income tax. These are like normal Fixed Deposit with banks but is labeled as “Tax Saving FD” while making the deposit. Why you Should Invest? Convenient to invest. ICICI Bank, SBI, HDFC Bank, etc offers online facility for Tax […]
Balance Your Own Books With Help From These Courses
Take the hassle out of tax season, budgeting, and financial management. February 13, 2020 2 min read Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. It’s […]
Which Financial Statement Is Prepared First?
Your business’s financial statements give you a snapshot of the financial health of your company. Without them, you wouldn’t be able to monitor your revenue, project your future finances, or keep your business on track for success. Now, you can’t go off creating your different financial statements all willy nilly. Like many things in business, […]
FASB to propose private company expedient for share-based payment accounting
Accounting for employee share-based compensation could become less complex for private companies after FASB on Wednesday endorsed the decision by the Private Company Council (PCC) to propose a practical expedient for nonpublic entities. Share-based payment accounting has been discussed by the PCC on several occasions since 2013 because of two concerns: The permitted methods for […]
FASB to propose private company expedient for share-based payment accounting – Journal of Accountancy
Accounting for employee share-based compensation could become less complex for private companies after FASB on Wednesday endorsed the decision by the Private Company Council (PCC) to propose a practical expedient for nonpublic entities. Share-based payment accounting has been discussed by the PCC on several occasions since 2013 because of two concerns: The permitted methods for […]
Accounting Department Named for William Dillard – University of Arkansas Newswire
Feb. 12, 2020 Photo Submitted FAYETTEVILLE, Ark. – In recognition of his pioneering work in the retail field and founding of the department store chain that bears his family name, the accounting department at the Sam M. Walton College of Business at the University of Arkansas will be named the William Dillard Department of Accounting. […]
Tax Notices You can get and What to do about it?
Once the ITR is submitted and verified by the tax payer, the department goes through every return in automated/manual fashion to check if everything was correct and matches with the data available with them. In case they find a wrong/doubtful entry or have further questions about any declared or undeclared income or deduction or exemption, […]
ARSC further converges SSARSs with international standards and aligns closer with GAAS
The AICPA Accounting and Review Services Committee (ARSC) on Tuesday issued a new Statement on Standards for Accounting and Review Services (SSARS) that amends four sections of SSARS No. 21, Statements on Standards for Accounting and Review Services: Clarification and Recodification, to more closely align them with the auditing standards in AICPA Professional Standards, where […]