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Illinois high schoolers tested their accounting know-how last week at Western Illinois University, as part of the institution’s 12th annual Accounting Challenge. The competition – sponsored by WIU’s Department of Accounting Finance, the university’s Beta Alpha Psi (BAP) honor society, and the Illinois CPA Society – tested students’ accounting knowledge via a written competition. 10 […]
The Governmental Accounting Standards Board has issued guidance for state and local governments to use when they extinguish debt before it matures. GASB’s Statement No. 86, Certain Debt Extinguishment Issues, provides guidance on accounting for transactions in which cash and other monetary assets that have been acquired with only a government body’s existing resources are […]
Many companies may be engaging in revenue management, along with earnings management, to meet or beat analyst expectations, particularly in the technology and health care industries, according to a new study. The study, by assistant professor Rong Zhao of the University of Calgary, examined the financial data of 6,836 public companies in five major business […]
Successfully avoiding mistakes is a key to practice growth, particularly those mistakes that can hinder client retention and new client acquisition – universal concerns of the accounting profession. Here are eight of the biggest mistakes most accountants make in practice management and how to avoid them. (View this article as a slideshow.) 1. Not differentiating […]
Successfully avoiding mistakes is a key to practice growth, particularly those mistakes that can hinder client retention and new client acquisition – universal concerns of the accounting profession. Here business development strategist Bill Tsotsos gathered together eight of the biggest mistakes most accountants make in practice management – along with tips on how to avoid […]
The window for submitting to participate in the 2017 Best Accounting Firms to Work For list has been extended to the end of the day on Monday, May 15. The list, which is created by Accounting Today and Best Companies Group, ranks the best workplaces in the accounting profession across the country and is now […]
When CPA firm leaders are in discussions to merge with another firm, the conversation at some point turns to the importance of staff retention and engagement over the short and long term. For a successful merger, it’s incredibly important to make sure team members understand the changes and what’s in it for them, and equally […]
(Bloomberg) President Donald Trump’s personal lawyers said in a letter that his tax returns from the past 10 years show that—with a few exceptions—he received no income from Russian sources and owed no debts to Russian lenders. An independent tax lawyer questioned the letter’s value. “It’s kind of a silly letter,” said Michael Kosnitzky, who […]
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