Pension funding for large companies is at the lowest level in seven years, with median funding hitting 83% last year, according to PricewaterhouseCoopers. In 2007, funding was at 100%. Higher mortality rates and low interest rates are among reasons.
A superhero is at work in Mexico. Peatonito, or "Little Pedestrian," wears a wrestling mask and a cape that features a crosswalk's black and white stripes. He pushes vehicles out of crosswalks, forms walkways with spray paint and climbs on cars parked on sidewalks, all in the name of pedestrian rights.
The Securities and Exchange Commission is close to finalizing a requirement that companies disclose their CEO's compensation compared with median worker pay, sources say. Companies have sought exclusions, but the SEC reportedly has resisted. The rule would not offer meaningful information about the financial health of a company, critics say, and compliance would be expensive.
Silicon Valley's tech companies are attracting top financial talent from Wall Street, with the latest example being Blackstone Group CFO Laurence Tosi, who is joining Airbnb in the same position. Compensation can be higher on the West Coast, and CFOs may enjoy a higher profile there.
Statement on Standards for Accounting and Review Services No. 21 gives CPA firms an opportunity to enhance the delivery of their services. The AICPA's Center for Plain English Accounting provides answers to common questions about the new standard.
Because subpart F of the Internal Revenue Code subjects certain income earned by controlled foreign corporations to tax before the income is distributed, the Code provides for basis adjustments to stock to reflect this already taxed income. This article explains how those adjustments are made.
At the moment, Puerto Rico does not have the funds to make a $58 million payment that is due Aug. 1 on Public Finance Corp. bonds.
Ambition and technology skills make millennial women a key demographic for employers in a time of intense competition for talent. Learn how to make your firm or business an attractive destination for these promising young workers.