Accounting software developer FloQast has some creative ways for accountants and tax professionals to relax during the hectic final days of this year’s extended tax season with a new coloring book and guided meditation. “The World’s Greatest Accounting Coloring Book That You Never Knew You Needed” portrays various moments in accounting history, including the introduction […]

Emerging technologies — such as artificial intelligence (AI) and especially machine learning — allow organizations to streamline their operations and better realize growth opportunities. Importantly, they can also prevent costly defects and avoid operational inefficiencies. While COVID-19 sped up the pace of adoption for many industries, including industrial manufacturing, manufacturing companies have historically embraced new […]

FASB proposed a new accounting standard Wednesday that is designed to better align hedge accounting with an organization’s risk management strategy. The proposal would expand the current single-layer hedging model to allow multiple-layer hedges of a single closed portfolio of prepayable financial assets or one or more beneficial interests secured by a portfolio of prepayable […]

Author Abstract We apply the product impact measurement framework of the Impact-Weighted Accounts Initiative (IWAI) in two competitor companies within the telecommunications industry. We design a monetization methodology that allows us to calculate monetary impact estimates of network efficiency, rural service provision, and connectivity, among other factors. Our results indicate substantial differences in the impact […]

A huge surge this year in the number of special-purpose acquisition companies (SPACs) has led to interest from investors and scrutiny on the part of the SEC. New guidance from the Center for Audit Quality (CAQ), which is affiliated with the AICPA, provides ideas for auditors and audit committees to consider related to SPACs and […]

FASB issued a standard Monday that is designed to clarify an issuer’s accounting for certain modifications or exchanges of freestanding equity-classified written call options that remain equity-classified after modification or exchange. Warrants are one example of the type of call option covered by this guidance. The Accounting Standards Update provides guidance on how an issuer […]

FASB issued a standard Monday that is designed to clarify an issuer’s accounting for certain modifications or exchanges of freestanding equity-classified written call options that remain equity-classified after modification or exchange. Warrants are one example of the type of call option covered by this guidance. The Accounting Standards Update provides guidance on how an issuer […]

As companies find that customers and investors are looking for more and more disclosures of what they are doing about environmental issues, climate change risks, and diversity and racial justice, accounting firms are starting to provide assurance and attestation services around environmental, social and governance reporting to meet that growing demand. While the Big Four […]

Though Social Security may end up providing quite a bit of retirement income for you, it shouldn’t be your only source. Those benefits will only replace about 40% of your paycheck if you’re an average earner, and most seniors need about twice that income level to keep up with their expenses. As such, it’s important […]