Accounting

GAAP and IFRS

Has Non-GAAP Reporting Become an Accounting Chasm?

Aggressive use of non-GAAP numbers is creating a crisis in how investors, analysts, and the media report financial performance and value companies.

Drew Bernstein, Marcum Bernstein & Pinchuk
September 23, 2019
Auditing

RSM Charged by SEC with Violating Auditor Independence Rules

The accounting firm agreed to a $950,000 penalty and to engage an independent consultant to evaluate its current quality controls.
GAAP and IFRS

FASB Proposes Later Standards Deadlines for Private Companies

The Financial Accounting Standards Board says it wants to make a two-year stagger of implementation deadlines standard practice.
GAAP and IFRS

Lease Accounting Post-Adoption

Many companies used brute force to meet the initial lease accounting deadlines. To comply long term, they will need processes, policies, and controls.
Accounting

KushCo Loss to Double With Earnings Correction

The pot-packaging company says accounting errors related to recent acquisitions caused it to misstate financial results.
Accounting

Numbers Don’t Lie, Until They Do

A good number of controllers, financial analysts, accountants, and auditors don't completely trust the accuracy of their company's financial data.
Accounting

Metric of the Month: Number of Accounts in the Chart of Accounts

An unwieldy chart of accounts can cause significant headaches for chief financial officers.
Accounting

AICPA Urges Delay of Lease Accounting Rules

FASB should postpone the effective date of the “significant and complex” ASC 842 for a year for private companies, AICPA says.
Accounting

ASC 606: Trips, Traps, and Troubleshooting

Clever private company CFOs can learn from the mistakes, pitfalls, and land mines that tripped up their public company peers last year.
Accounting

SEC Probing Honeywell Accounting for Liabilities

The conglomerate is now estimating asbestos-related liabilities at $2.61 billion as of Dec. 31, 2017, up $1.087 billion from its prior estimate.
Risk Management

Email Scammers Still Tripping Up Finance Personnel

The SEC finds that internal accounting controls failed to prevent nine public companies from losing money to business email fraud.
Accounting

Ready for the New Lease Accounting Standard?

There are 10 critical issues that U.S. companies are struggling with as they prepare for ASC 842.
1 2 3 … 36

Latest Articles

People

SEC Names White House Aide to PCAOB

October 14, 2019
M&A

Thoma Bravo Offers $3.9B for U.K. Cyber Firm Sophos

October 14, 2019
Workplace Issues

Is 'Radical Transparency' the Way to Go?

October 14, 2019
Capital Markets

Fed 101: The Quiz

October 14, 2019
Regulation

SEC Pulls Plug on Telegram Initial Coin Offering

October 14, 2019