Accounting
Target Board Defends Role Before and After Data Breach
Under fire for its handling of the data breach, Target's board is now defending itself to shareholders in advance of next week's annual meeting.
Study: Encourage Entrepreneurs to Boost Economy
Encouraging entrepreneurs to start small businesses or expand existing ones will boost local and regional economies in Indiana, according to officials with Purdue University's Center for Regional Development.
Thomson Reuters and Bisk to Offer Full-Day of CPE Webinars
Thomson Reuters will be offering two new, full-day tax and accounting and auditing webinars presented by Bisk CPEasy in June, July, and August.
Florida Governor Starts Small Business Tour
Fresh off signing a $77 billion budget into law, Gov. Rick Scott made a pit stop in Panama City Monday as part of his Let's Keep Small Business Working Tour and campaign for re-election.
Open Systems Announces Fully-Integrated Credit Card Processing
Business accounting technology provider Open Systems, Inc. has added fully-integrated credit card processing to its flagship TRAVERSE accounting and business software suite.
Sage Summit 2014 to Bring Sense of Community to Conference
Sage North America is gearing up for its annual learning event, the Sage Summit. Whether you've attended the Summit in the past or are new to the event, you're likely to experience a new way of learning, growing, and improving your business.
GASB Moves to Improve State and Local Government Health Insurance and Benefits Reporting
The Governmental Accounting Standards Board (GASB) has voted unanimously to approve two Exposure Drafts proposing significant improvements to financial reporting by state and local governments of other postemployment benefits (OPEB), such as retiree health insurance. The GASB also approved a third Exposure Draft that would establish requirements for pensions and pension plans that are outside the scope of the pension standards the GASB released in 2012.
IASB and FASB Jointly Set New Revenue Recognition Standard
The standard will improve the financial reporting of revenue and improve comparability of the top line in financial statements globally. Revenue is a vital metric for users of financial statements and is used to assess a company’s financial performance and prospects. However, the previous requirements of both IFRS and U.S. GAAP were different and often resulted in different accounting for transactions that were economically similar.