Accounting
Top stories summarized by our editors
1/17/2018

General Electric CEO John Flannery is considering breaking up the company, via spinoffs or otherwise, in light of more than $11 billion in charges related to an insurance portfolio and the new tax law. Cowen analysts say GE's separate businesses are worth at most $15 per share, which could make a breakup financially unfeasible.

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Reuters, Reuters, MarketWatch
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GE, John Flannery, Cowen, tax law
1/17/2018

Plans to double the supply of US government bonds may cause demand to be exceeded and prompt adverse effects, such as wider credit spreads and falls in the dollar and stock market, warns Deutsche Bank economist Torsten Slok. Other market watchers do not share this view, pointing instead to numerous bullish indicators, including significant retail appetite for bonds.

1/17/2018

Regulators worldwide have taken aim at the cryptocurrency market, which has lost hundreds of billions of dollars in market value within days. Bitcoin's market share has declined.

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Bitcoin, Bitcoin
1/17/2018

Employees and managers often dread performance reviews, but, when done right, the process can align individuals with organizational goals. Here is a three-step process for effective reviews.

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Forbes
1/17/2018

Financial statements prepared in accordance with an AICPA financial-reporting framework give lenders nearly as much confidence to loan capital as generally accepted accounting principle-based financial statements for small and midsize businesses with low credit risk, a published study shows. An updated toolkit of resources, located at aicpa.org/frf-smes, helps stakeholders implement the framework.

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AICPA
1/17/2018

The Tax Court has held for the taxpayer in upholding an ordinary-loss deduction for a business bad debt, finding the taxpayer was involved in the business of lending money in the year at issue, the loans were bona fide debt and the debt was worthless in the year the taxpayer claimed the loss.

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The Tax Adviser
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Tax Court
1/17/2018

As more organizations operate globally and include more people from diverse backgrounds, it's more important than ever to be culturally savvy and sensitive.

1/17/2018

Establishing shared norms can help members of an executive team work together productively. Choose norms that make sense based on previous experience, and convert norms into measurable behavior to ensure everyone is on the same page.

1/17/2018

Certain Excel features and updates are particularly relevant to accountants, such as PivotTables and Power Query. This article outlines some of the most important features and functions.

1/17/2018

The European Court of Auditors says that the European Central Bank's framework for managing banks in crisis has flaws and that "there are some signs of inefficient implementation." The procedure used to identify banking trouble early on contains deficiency, auditors say.

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Reuters