Global reporting groups plan to align standards in 2 years

The International Integrated Reporting Council, the Sustainability Accounting Standards Board, the Global Reporting Initiative and the Carbon Disclosure Project are working to harmonize standards.


San Francisco passes homeless-aid tax that divided tech CEOs

The initiative was opposed by the mayor and divided leaders of the city’s booming technology industry.


Art of Accounting: Growing your practice

Recently, I’ve received some calls from partners seeking some guidance about growing their practices.


Kyriba debuts new business intelligence solution for CFOs

Kyriba, which makes cloud treasury and financial management solutions, has released Business Intelligence (BI), a new software module fully integrated with its existing financial management platform.


IMA proposes best practices for managerial costing

The Institute of Management Accountants and its Managerial Costing Task Force released an exposure draft Monday examining managerial costing practices and how managers should decide which practices are the best ones for their organizations.


Tax Court upholds IRS rejection of Wesley Snipes offer in compromise

The court sided with the IRS and against the action star’s legal appeal.


FASB issues standard for collaborative arrangements

The update clarifies the guidance on the interaction between some types of collaborative arrangements and the new revenue recognition standard.


Crowe offers year-end tax planning guide after TCJA

The new guide can help taxpayers and tax professionals in the wake of the Tax Cuts and Jobs Act.


FASB offers rev rec guidance for franchisors

The staff paper aims to help private company franchises implement the new accounting standard by offering them practical examples.


Companies choosing riskier path for revenue recognition

The vast majority of S&P 500 issuers are using the modified retrospective method of adopting the new rules.