The Internal Revenue Service is proposing procedures for how a taxpayer can ask for automatic consent to change an accounting method in preparation for the Financial Accounting Standards Board’s new revenue recognition standard.
BlackLine is a cloud-based software that automates the financial close process. With BlackLine, Accounting Outsourcers are taking on more clients without adding headcount. Additionally, since BlackLine offers more controls and visibility into the close process, Accounting Outsourcing firms are providing a better experience for their clients.
The Governmental Accounting Standards Board has released an “omnibus” statement providing guidance on a wide range of accounting and financial reporting issues that have been uncovered during the implementation and application of some of GASB’s earlier pronouncements for state and local governments.