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The Financial Accounting Standards Board issued SFAS No. 157, Fair Value Measurements, in September 2006, and SFAS No. 159, The Fair Value Option for Financial Assets and Financial Liabilities, in February 2007. These pronouncements may appear old news, but they remain fraught with risk for the unwary and are still being misunderstood and clarified.
January 11 -
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Tax law changes - both in volume and complexity - will make this season more confusing for taxpayers and preparers alike.
January 11 -
Throughout 2009, those in the accounting professionneeded a scorecard to track the flurry of CPA firm mergers that occurred between the start of the year and the final refrain of "Auld Lange Syne."
January 11 -
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Sometimes, being too quick to take advantage of a tax break from Congress can turn out to be a very bad thing.
January 11 -
I read Paul Finkle's article "Gender-friendly partnerships" (Nov. 16-Dec. 14, 2009). While I agree with most points in the article, I do have some insight of my own I would like to share.
January 11 -