Accounting

After numerous delays and extensions, the Financial Accounting Standards Board (FASB) issued its long-awaited final standard on accounting for credit losses on Thursday. After meeting with concerned community bankers, auditors and regulators, the ...

Thomson Reuters has released Checkpoint State Clear Comply, which simplifies the analysis of complex state compliance questions for multi-tier partnerships and S Corporations with a presence in multiple states.

Some sunnier results from the Accountemps survey show professionals plan to take an average of 10 vacation days this summer, and 29 percent plan to take more vacation days this summer than last year.

Previously, a licensee could only place orders for wine and spirits during normal business hours, by contacting a local store. Through LOOP, orders can be placed online at any time of day and on any day of the year, and emails to users confirm ...

Mortgage rates fell further this week, with the benchmark 30-year fixed mortgage rate now at the lowest point since May 2013, 3.69 percent, according to Bankrate.com's weekly national survey. The 30-year fixed mortgage has an average of 0.19 discount ...

The Innovation Awards were first presented in 2004, and honor new or recently enhanced technologies that benefit tax and accounting professionals and their clients through improved workflow, increased accessibility, enhanced collaboration, or other means.

Accounting Power, the core accounting system in the suite, has advantages for both the accounting firm and the client. For the professional, it has powerful client write-up, trial balance, financial statement reporting and client collaboration tools.

A supermajority of AICPA members who voted supported the proposal, 86.5 percent to 13.5 percent, according to the independent tabulator Survey and Ballot Systems. CIMA members also overwhelmingly endorsed the proposal 89.7 percent to 10.3 percent ...