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Excel4apps debuts Excel-based report app for FinancialForce Excel4apps has released a cloud-based, Excel-based reporting app for use with FinancialForce. The app, called Wands, comprises a general ledger portion for reporting of live FinancialForce accounting data via Excel; and Budget Wand, which allows direct uploads of budget data to FinancialForce from Excel. Like its predecessors for […]
The International Federation of Accountants and the International Bar Association are partnering on an initiative to combat corruption, ahead of the gathering of global leaders at the G20 summit in Buenos Aires later this year. The two organizations have signed the IBA and IFAC Anti-Corruption Mandate to emphasize the role of business and government in […]
A new Financial Accounting Standards Board disclosure requirement makes several material changes to U.S. GAAP. New requirements for determining the fair value disclosure of financial institutions’ loan portfolios are among the revisions. (ASU) 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, went into effect for financial statements […]
The Financial Accounting Standards Board released a set of mostly minor revisions and technical corrections to the lease accounting standard. The Codification Improvement to Topic 842, Leases, affects only narrow aspects of the previous guidance. FASB didn’t create a Transition Resource Group on the leasing standard, as it did with the revenue recognition and credit […]
A group of managing partners of three New York-area accounting firms discussed the challenges they are facing and some of the new trends during a meeting Thursday of the Accountants Club of America. One of the trends is artificial intelligence. “As a small firm, we’re just starting to look into AI and things of that […]
Remember the old fable about the chicken and the pig? A pig and a chicken are walking down the road. The chicken says, “Hey, Pig, I was thinking we should open a restaurant!” The pig replies, “Hmm, maybe, what would we call it?” The chicken responds, “How about ham and eggs?” The pig thinks for […]
A closely divided Senate Finance Committee advanced the nominee for the next Internal Revenue Service commissioner, Charles Rettig, by a vote of 14 to 13, but he awaits a vote by the full Senate. Rettig is a tax attorney at the Beverly Hills law firm Hochman, Salkin, Rettig, Toscher Perez, P.C. who has spent most […]
In marketing a business, one of the concepts that many business owners lose sight of is the frequency of their message. In other words, how many times does their target audience need to be exposed to their message before it triggers a response? All too often, small accounting firm owners will try something once, expect […]
On Sept. 11, 1844 a boat entered New York Harbor carrying three Bavarian immigrant brothers. They arrived with nothing except a pair of shiny new shoes each. After working for a short time as cotton traders in Alabama, they set up a bank in New York City — a financial institution that grew to be […]
Republicans are promising a comprehensive second round of tax cuts — but tax changes affecting retirement savings may be the only measures with enough political support to make it through Congress this year. House Ways and Means Chairman Kevin Brady said Wednesday that he plans on releasing an outline of “Tax Reform 2.0” legislation next […]
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