Top Accounting News This Week – 5/21/18
Here is this weeks Top Accounting News you can use:
The Accounting Standards Codification 842 has changed reporting standards for leased assets and liabilities beginning January 1, 2019. With software currently unable to meet the need, the SEC is now hearing concerns from companies struggling to meet the new requirements.
The recent changes implemented for revenue method by the IRS, have caused quite a bit of uncertainty regarding a mandatory shift to GAAP reporting. This has caused the potential for a flood of individual special requests. Read why here…
It seems the PCOAB has more to contend with than just an all new board. Head Inspector, Helen Munter has recently resigned after fourteen years with the PCOAB.
PeaCounts is pushing the limits of technology with their new application combining artificial intelligence and blockchain technology for the latest in bookkeeping software. Read all about its capabilities here….
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