AT Think

The Virginia Society of Certified Public Accountants Educational Foundation offers two new scholarships for undergraduates planning to pursue careers in public accounting.

While the Financial Accounting Foundation weighs the possibility of establishing a separate board for private company accounting standards, the Private Company Financial Reporting Committee is continuing its work encouraging the Financial Accounting Standards Board to take more notice of privately held businesses.

IMGCAP(1)] I just got back from Vegas after attending Accounting Today’s Growth & Profitability Summit. It’s not often someone can claim to leave Vegas a big winner…but I can! No, I didn’t play the slots or the blackjack table. My “win” was not monetary…but rather it was an educational triumph. I honestly feel high from the whole experience. You know, that feeling of utter excitement that comes from true enlightenment.

Seasonal employees could find themselves in the IRS’s cross-hairs as the agency steps up its enforcement of 1099-MISC information reporting.

IMGCAP(1)] Breaks optimize the learning environment for the brain. At first this practice made famous by brain biologist John Medina may seem counterproductive, but when applying foundational principles relevant to brain function, it reveals it is an absolute requirement to periodically rest, relax, and recover from work.

The Public Company Accounting Oversight Board is planning to be on the lookout next year for lax auditing practices, especially as companies and accounting firms have cut back on staff members who should be minding the financial controls.

Today marks the beginning of a two-day program to advance African-Americans in accounting held at the Doubletree Hotel in Washington D.C.

The bipartisan deficit commission, faced with its December 1 deadline for delivering a final report on how to cut the federal debt and deficit, has revised the draft plan floated last month by its two co-chairs in an effort to get enough votes to approve a final report.

Here’s a message from the Texas Society of CPAs – the holiday season is the perfect time to school children in learning the importance of money consciousness, through gifts of affordable toys and board games that won’t break the bank.

The long-overdue $3.4 billion settlement of the federal government’s mismanagement of the accounting for royalties for the use of Native American lands was finally approved Tuesday in the House, along with a settlement of a related case involving black farmers who had sued the Department of Agriculture for discriminatory treatment.