Tag: financial reporting
Understanding Internal Control Over Financial Reporting
Internal Control over Financial Reporting (ICFR) has been required for public companies and included as…
Read More
Cryptocurrency: The Top Things You Need to Know
The world of crypto investing is still relatively uncharted territory. It is important to understand…
Read More
Understanding the New Leasing Standard: Definition of a Lease
Under its core principle, a lessee will recognize right-of-use (“ROU”) assets and related lease liabilities…
Read More
The Scleroderma Foundation
The largest nonprofit funder of medical research, The Schleroderma Foundation reflects on its partnership with…
Read More
SEC Eliminates Outdated and Redundant Disclosure Requirements
The SEC recently adopted rule amendments to eliminate redundant and outdated disclosure requirements of Regulations…
Read More
FASB Issues Clarifications to Leases Standard
The FASB issued ASU 2018-10 which affects narrow aspects of the guidance in ASU 2016-02, Leases (Topic…
Read More
Putting a Price Tag on Intangible Assets
In today’s marketplace, patents, copyrights, brands, customer lists and other intangible assets add significant value…
Read More
FASB Clarifies and Improves Guidance for Nonprofit Grant and Contributions Accounting
The FASB issued ASU 2018-08 to clarify the accounting guidance related to contributions made or received.…
Read More
SEC Amends Smaller Reporting Company Definition
The amendments increase the financial thresholds in the SRC definition, thereby expanding the number of…
Read More
AICPA Seeks Clarification Re: Small Businesses Coping with Accounting Methods Changes
Under the Tax Cuts and Jobs Act, small business taxpayers – defined as those with…
Read More