Representatives from CCH Accounting Research Manager are attending the annual “AICPA Conference on Current SEC and PCAOB Developments.” This conference is being held Monday-Wednesday, December 10-12, 2018, in Washington, D.C. The following are some highlights from conference speeches or presentations. PCAOB Standard Setting Barbara Vanich, Acting Director of the Office of the Chief Auditor, provided an update […]
FASB Improves the Accounting for Collaborative Arrangements
Accounting for Collaborative Arrangements The FASB has issued Accounting Standards Update (ASU) No. 2018-18, Collaborative Arrangements (Topic 808): Clarifying the Interaction Between Topic 808 and Topic 606, that clarifies the interaction between the guidance for certain collaborative arrangements and the Revenue Recognition financial accounting and reporting standard. A collaborative arrangement is a contractual arrangement under […]
FASB Issues Hedge Accounting Guidance
FASB Issues Guidance on Interest Rates for Hedge Accounting The FASB has issued Accounting Standards Update (ASU) No. 2018-16, Derivatives and Hedging (Topic 815): Inclusion of the Secured Overnight Financing Rate (SOFR) Overnight Index Swap (OIS) Rate as a Benchmark Interest Rate for Hedge Accounting. ASU 2018-16 expands the list of U.S. benchmark interest rates permitted […]
Outsource Everything but Accounting, Quality Control and Sales
You want to lighten the load but you need to stay in control. October 6, 2018 5 min read Opinions expressed by Entrepreneur contributors are their own. It’s no secret that most startups are undercapitalized. They need every penny just to stay in business long enough to produce a positive cash flow. Even those that […]
FASB Issues Standard on Cloud Computing Arrangements.
Cloud Computing Arrangements The FASB has issued Accounting Standards Update (ASU) 2018-15, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract. The new ASU is designed to reduce complexity for accounting for costs of implementing a cloud computing service arrangement. This standard aligns […]
Racing to Meet the April 17th Tax Filing Deadline?
Wolters Kluwer Outlines Top Tips for Last-Minute Filers (NEW YORK, NY, April 5, 2018) – Every year, millions of taxpayers scramble to beat the clock at tax time. With the April 17th income tax filing deadline approaching, Wolters Kluwer Tax & Accounting provides some last-minute tips for taxpayers still looking to file. “Taxpayers have a […]
Re-inventing An Old Industry.
I can confidently say that in my history of working in different jobs, under different bosses, and within different organizations; every one of those organizations talked a good game about the desire to change for the better. Now, I am talking about “talk” here, and not “walk”. Walking the talk is an entirely different dynamic. […]
Corporate Tax Workflow Solutions: New Enhancements Realized
Wolters Kluwer Tax and Accounting’s Corporate Workflow Solutions has now included a series of enhancements to help companies get back to what matters most; grow, manage and protect their businesses efficiently. In both CCH Axcess™, the profession’s first cloud-based, modular Tax Management solution suite operating from a single, core database, and CCH® ProSystem fx®, its […]
Corporate Tax Trends: Take your seat in the Boardroom!
Our customers’ corporate tax departments are all about moving money around the world to lower their organization’s taxes. That is why they bring their tax department to the boardroom to discuss strategy. It’s hard to imagine how many dollars a corporation’s tax department has saved through high-value strategic work. The relevant questions for you to answer are: Where are […]