Accounting
Top editor picks, summarized for you
12/7/2016

Employees have to take charge of their career development, as managers are often too busy to do so. This article offers four ways to get started, beginning with setting aside time for strategic thinking.

12/7/2016

Some companies and accounting firms have told the Financial Accounting Standards Board that their resources are stretched as they implement the board's numerous recently issued standards. The board is considering those concerns as it designs its agenda, FASB Chairman Russell Golden said Tuesday at the AICPA Conference on Current SEC and PCAOB Developments.

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FASB, AICPA, Russell Golden, PCAOB
12/7/2016

Voters' decisions to initiate the UK's exit from the EU and elect Donald Trump as US president have been viewed as a backlash against globalism. But they may not indicate a retreat from global accounting standards, International Accounting Standards Board Chairman Hans Hoogervorst said Tuesday.

12/7/2016

For firms that offer virtual CFO and other client accounting services, the category is becoming a significant contributor to the top line, according to the results of a survey from the AICPA Private Companies Practice Section and CPA.com.

12/7/2016

Does it feel like your holiday shopping list is a mile long, but your budget is stuck at the half-mile mark? These tips can help you assess your shopping needs, stay on budget and purchase thoughtful gifts for everyone this holiday season.

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AICPA Insights
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holiday shopping
12/7/2016

The Internal Revenue Service issued temporary regulations that are designed to prevent taxpayers from misapplying the Sec. 901(m) statutory disposition rule in certain cases when a foreign asset is disposed of. The regulations cover situations where gain or loss from the disposition of a foreign asset is recognized for US income tax purposes but not for foreign income tax purposes and cases in which no gain or loss is recognized for purposes of US or foreign income tax.

12/7/2016

The Department of Health and Human Services will soon establish the National Adult Maltreatment Reporting System, which could aid efforts to collect data on financial abuse and exploitation of seniors.

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HHS
12/6/2016

As millennials move into leadership positions, they need to be prepared to manage employees from other generations. Younger workers should be humble as they move into their new roles and avoid making quick judgments of the employees they oversee.

12/6/2016

Twenty-three percent of Americans say they will need between $100,000 and $500,000 to retire, and 24% say they will need between $500,000 and $1 million, according to the Merrill Edge Report Fall 2016. In reality, a retiree's budget is a key consideration, as even someone with millions saved can run out of money if he or she spends too much.

12/6/2016

Companies are obligated to provide investors with disclosures on the impact the Financial Accounting Standards Board's new revenue recognition standard will have on them, SEC Chief Accountant Wes Bricker said Monday. If companies are behind schedule in their implementation, Bricker said they should disclose the reasons.