Financial reporting

While the average reported salary of management accountants declined slightly last year, their average total compensation with bonuses increased, according to a new salary survey from the Institute of Management Accountants.

The Financial Accounting Standards Board intends to issue a discussion paper in the next few weeks to solicit feedback on the disclosure framework it has been preparing, followed by roundtable meetings and workshops later this year to talk with financial statement preparers and users.

International Accounting Standards Board chairman Hans Hoogervorst said the IASB and the U.S. Financial Accounting Standards Board are making progress on an expected loss model for banking assets that will provide a more forward-looking model than the incurred loss model.

Deloitte has begun adjusting salaries to offset the income taxes paid by Deloitte professionals who provide coverage to their domestic partners—both same sex and opposite sex—on their medical or dental plans, effective June 3.

Final statements and certain other pronouncements issued by the Governmental Accounting Standards Board will now be available for downloading at no cost on the GASB Web site.

The Financial Accounting Foundation has issued a request for nominations for candidates to serve on its newly created Private Company Council.

Check out the digital edition of the June 2012 issue of Accounting Today.

Do you have the right players? Are they willing to play as a team? These are questions that successful coaches must answer.

The accounting profession has a long way to go in attracting, retaining and including both minorities and women.

Kenneth Leventhal, CPA, founder of what was once one of the largest CPA firms in the country and a noted philanthropist, died on May 8 at the age of 91.

Highlights of recent accounting firm mergers and acquisitions.

Are your firm's partners building a bridge, or just welding girders together?

A roundup of the most important news in accounting in the previous month

Grant Thornton CEO Stephen Chipman speaks out on regulation, accounting standards and China

It's time for new thinking on accounting for pensions and OPEBs

Warranty goodwill liability rules need a second look.

Blue Ribbon Panel member David Morgan responds to Ed Kliegman's letter to the editor.

Recent awards, office openings and more from accounting firms across the country.

Top 100 Firm Postlethwaite & Netterville's Melissa Peroyea receives Health Care Leadership Award

The Financial Accounting Foundation has issued its final report on establishing a new Private Company Council that will have the ability to recommend changes in accounting standards for privately held companies.