Financial Accounting: Now in its sixth edition, Ingram, Albright, FINANCIAL ACCOUNTING: A BRIDGE TO DECISION MAKING continues to teach students to understand the impact of accounting information on a company's financial statements. The authors illustrate accounting not as a set of technical procedures, but as a way of identifying and understanding business problems and a means for evaluating alternative solutions. By organizing the text around the flow of information through a business, the authors provide students with a sound understanding of the accounting information system and then an analysis of the financial, investing and operating activities of the firm. This approach is especially ideal for students who will become business managers, not accountants.

Revised revenue recognition proposals: what has changed? - BusinessWorld Online Edition


Revised revenue recognition proposals: what has changed?
BusinessWorld Online Edition
Last week, we started to discuss the second exposure draft (ED), Revenue from Contracts with Customers that was jointly released by the International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) (collectively ...

Accounting Standard for Uncertain Income Tax Positions Needs Tweaking - Accounting Today


Business Wire (press release)

Accounting Standard for Uncertain Income Tax Positions Needs Tweaking
Accounting Today
By Michael Cohn, Accounting Today The Financial Accounting Foundation has conducted its first post-implementation review of an accounting standard, starting with FIN 48, “Accounting for Uncertainty in Income Tax Positions,” and found it generally ...
The Financial Accounting Foundation Appoints William W. Fish and James E ... MarketWatch (press release)
FAF releases "post-implementation review" of FIN 48 Journal of Accountancy
FASB Standard on Uncertain Income Tax Positions Generally Achieved Its Purpose ... Business Wire (press release)
Denver Business Journal
all 15 news articles »

'Cloud Accounting in 2012 and Beyond' for Businesses Evaluating New Financial ... - MarketWatch (press release)


'Cloud Accounting in 2012 and Beyond' for Businesses Evaluating New Financial ...
MarketWatch (press release)
17, 2012 /PRNewswire via COMTEX/ -- Massey Consulting ( www.masseyconsulting.net ), specializing in Intacct financial accounting implementation, sales and support, is hosting a free encore presentation of "Cloud Accounting in 2012 and Beyond" on ...

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Genworth Financial Announces Fourth Quarter 2011 Results - MarketWatch (press release)


Genworth Financial Announces Fourth Quarter 2011 Results
MarketWatch (press release)
As previously reported, in October 2010, the Financial Accounting Standards Board issued new accounting guidance related to accounting for costs associated with acquiring or renewing insurance contracts. This new accounting guidance was effective for ...

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PerkinElmer Announces Financial Results for the Fourth Quarter of 2011 - MarketWatch (press release)


PerkinElmer Announces Financial Results for the Fourth Quarter of 2011
MarketWatch (press release)
The tax effect for discontinued operations is calculated based on the authoritative guidance in the Financial Accounting Standards Board's Accounting Standards Codification 740, Income Taxes. The tax effect for amortization of intangible assets, ...

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Financial Reporting Changes on the Horizon - SmartPros Accounting


Accounting Today

Financial Reporting Changes on the Horizon
SmartPros Accounting
Revenue recognition – The Financial Accounting Standards Board issued a new exposure draft of its revenue recognition guidance in November 2011. This pronouncement would replace all existing US GAAP on revenue recognition.
IASB and FASB seek to reduce differences in classification and measurement ... MarketWatch (press release)
New CCH White Paper Takes a Look at Revised FASB Proposal CPA Practice Advisor
Norwalk-based FASB, IASB pledge cooperation Ct Post

all 13 news articles »

US GAAP Financial Reporting Taxonomy Now Available - MarketWatch (press release)


US GAAP Financial Reporting Taxonomy Now Available
MarketWatch (press release)
NORWALK, Conn., Jan 18, 2012 (BUSINESS WIRE) -- The Financial Accounting Standards Board (FASB) today announced the availability of the 2012 US GAAP Financial Reporting Taxonomy pending final acceptance by the US Securities and Exchange Commission ...
U.S. GAAP Financial Reporting Taxonomy Now Available Business Wire (press release)

all 6 news articles »

FASB Publishes Proposal for Impairment of Indefinite-Lived Intangible Assets - MarketWatch (press release)


FASB Publishes Proposal for Impairment of Indefinite-Lived Intangible Assets
MarketWatch (press release)
NORWALK, Conn., Jan 25, 2012 (BUSINESS WIRE) -- The Financial Accounting Standards Board (FASB) today issued for public comment a proposed Accounting Standards Update on indefinite-lived intangible asset impairment testing that is intended to simplify ...

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Accountants at odds with Brussels - Financial Times


inAudit

Accountants at odds with Brussels
Financial Times
However, this harmonisation drive got a boost on Friday when the IASB and its US counterpart, the Financial Accounting Standards Board, said they would try to iron out differences over financial instruments and the use of market prices to value them.
E&Y: UK finance executives unprepared for global accounting rules Accountancy Age
IASB and FASB Seek to Reduce Differences in Classification and Measurement ... inAudit
Rapidly changing UK and global reporting standards a concern for finance chiefs Fresh Business Thinking
CFO World UK  - GFS News
all 24 news articles »

Defense moving toward accounting deadline, Conaway panel reports - ReporterNews.com


Defense moving toward accounting deadline, Conaway panel reports
ReporterNews.com
Besides calling for effective leadership from the Pentagon and ongoing HASC involvement, the report said the Pentagon must address weaknesses in financial accounting systems, especially at the Defense Finance and Accounting Service.

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