Financial reporting

A new small business-focused cloud bookkeeping product has been launched by Cheqbook, a Hawaii-based company that offers color-coded alerts and categorization for all entries.

Accounting Today is issuing a call for nominations for its annual Top 100 Most Influential People in Accounting list.

Acknowledgements, office relocations and more…

The Financial Accounting Standards Board is expected to issue a document Thursday proposing to improve the financial reporting of insurance contracts, including the measurement of insurance liabilities and the related effect on the statement of comprehensive income.

BDO USA LLP has tapped into Alaska, Minnesota and the Northeast for its latest additions.

The American Institute of CPAs is increasing its webcast options to allow CPAs to attend AICPA conferences virtually.

Andrew Fastow, the former CFO of the bankrupt energy-trading firm Enron, admitted to the wrongs he committed, but also blamed the accountants at the defunct firm Arthur Andersen, in a speech at the Association of Certified Fraud Examiners’ Global Fraud Conference.

The Financial Accounting Standards Board has issued a proposal to improve disclosures of uncertainties related to an organization’s ability to continue as a going concern.

Some clients are like barnacles on the hull of a ship, according to leading QuickBooks consultant and advisor Joe Woodard: “They drag you down.”

Thomas Wilson, chief operating officer of the Charlotte, N.C.-based accounting firm, Dixon Hughes Goodman LLP, died on June 19.

International Firm News:

New products, channel exec hires, VAR program additions, and insights from our top consulting experts. Who keeps track of it all? That would be me and here's my take on it for this week.

The newly inaugurated chairman of the California Society of CPAs hopes to strengthen the relationship between CalCPA and California accounting firms.

The average salary and total compensation for management accountants reached their highest levels last year, the Institute of Management Accountants reported, after accounting salaries saw a decline in 2011 for the first time in 23 years.

A group of lawmakers from the tax-writing House Ways and Means Committee have written a letter to Treasury Secretary Jack Lew urging the Internal Revenue Service to back off of a proposed rule change modifying the retail inventory method of accounting, which retailers fear could cost them millions of dollars a year.

The Institute of Cost Accountants of India has opened an office in Washington, D.C., its ninth overseas center.

The Governmental Accounting Standards Board has issued for public comment a proposed concepts statement that would guide GASB when establishing standards regarding the measurement of assets and liabilities for U.S. state and local governments.

The International Accounting Standards Board has issued a revised exposure draft containing proposals for changing the accounting for insurance contracts.

Hiring for accounting graduates is at a record level, according to a new study by the American Institute of CPAs, which also found the number of accounting graduates and enrollments in accounting education programs continuing their upward trend and reaching historic levels.

The accounting profession was slightly more optimistic this month than last, according to the June edition of Accounting Today’s monthly Accountants Confidence Index.