May 8, 2014
FAF Issues Annual Report
The Financial Accounting Foundation (FAF), which oversees FASB and GASB, has issued its 2013 Annual Report, detailing the organization's activities and key issues during the past year.
April 23, 2014
New XBRL GAAP Pension Analysis Tool Finds Errors in SEC Filings
XBRL US has announced the publication of its new online US GAAP Pension Analyzer. The tool is available for free to public company reporting managers that runs a set of rules against the pension disclosure within an XBRL-formatted financial statement. XBRL US is the nonprofit consortium for XBRL reporting in the US.
April 17, 2014
Sageworks Enhances Reporting and Interface for ProfitCents
The financial information and analysis company Sageworks has made several enhancements to its flagship ProfitCents platform, a suite of web-based financial analysis solutions used by thousands of accountants and business consultants.
April 16, 2014
FASB Offers New Guidance for Reporting on Discontinued Operations
The Financial Accounting Standards Board (FASB) has issued new guidance that improves U.S. Generally Accepted Accounting Principles (GAAP) by more faithfully representing when a company or other organization discontinues its operations.
April 5, 2014
The Secret to Small Business Success: Planning and Financial Management
79 percent of companies with a business plan say they are better off financially compared to a year ago, while only a third of small businesses without a business plan can say the same thing.
March 12, 2014
Study Says Many CEOs are Too Friendly with Audit Committees, Urges SEC Action
A decade after scandals at Enron, Worldcom, and other companies dramatized the need for improved corporate financial monitoring, this critical regulatory challenge remains in essential ways unmet, new research suggests.
March 12, 2014
Earnings Restatements Can Cause Long-Term Loss of Credibility
Following earnings restatements, companies lose credibility with investors for 3 years, much longer than previously believed
February 24, 2014
Small Biz Management Tool Integrates with Bill.com
PNC Bank. is partnering with Bill.com to enhance the bank's Cash Flow InsightSM, a suite of online tools specifically designed to help small businesses better manage incoming and outgoing funds. The enhanced technology automates the payables and receivables processes, taking paper out of the equation when sending invoices, making payments and tracking approvals.
February 11, 2014
New Business Valuation Tool Designed for Accounting Firms
Financial analysis developer Sageworks has released a new web-based business valuation system called PinPoint. The program is designed to help accounting, private equity and valuation firms determine an accurate and legally-defensible value for private companies.
January 30, 2014
IASB Issues Interim Standard on Rate-Regulated Activities
The International Accounting Standards Board (IASB) today issued an interim Standard, IFRS 14 Regulatory Deferral Accounts. The aim of this interim Standard is to enhance the comparability of financial reporting by entities that are engaged in rate-regulated activities.
January 29, 2014
How to Avoid Overpayments and Underpayments on W-2s
Now is a great time to sort out any anomalies that could complicate year-end and W-2 processing. And two of the most common are overpayments and repayments.
January 27, 2014
The New Controller Checklist
Anyone who has been hired into the controller position for the first time may feel overwhelmed, since the job description involves an enormous range of responsibilities.