Banks after tax cuts: Loan growth slows and 3,200 jobs disappear

Banks were among the top beneficiaries when Republicans slashed corporate taxes in December to stoke the U.S. economy. So how are the nation’s largest financial institutions treating employees, customers and investors?


Wiley announces partnership with CFA Society Nigeria

The research and learning company will supply CFA Exam materials to support the growing financial presence in Africa.


More small businesses can now use cash accounting: IRS

The Tax Cuts and Jobs Act expanded eligibility for the method.


Valuations in M&A

PJ Patel, co-CEO and senior managing director of Valuation Research Corporation, discusses valuation issues involving deferred revenue from mergers.


When do adjusted earnings get adjusted too far?

Corporate executives and their accountants have long contended that the use of adjusted earnings, which ignore costs like acquisition expenses, interest payments or just about anything they find inconvenient, gives investors a better picture of companies’ performance. Under no circumstances is it manipulation, they say. But a new study suggests it just might be.


Manafort accountant recalls backdated documents

Special Counsel Robert Mueller’s prosecutors walked the jury in the trial of Paul Manafort through records to back their claim that the former Trump campaign chairman deceived his own financial advisers to hide his foreign accounts and income from U.S. tax authorities.


GASB proposes changes for conduit debt obligations

The Governmental Accounting Standards Board is proposing new guidance to provide a single method for government issuers to report conduit debt obligations and related obligations in order to eliminate differences in practice.


FASB needs companies for segment reporting study

The Financial Accounting Standards Board is looking for public companies that are willing to participate in research on potential improvements to the segment aggregation guidance and the reportable segments process.


Exxon Mobil accounting probe by SEC ends with no action

The Trump administration dropped a two-year-old accounting probe into Exxon Mobil Corp.’s valuation of its reserves and public disclosures about climate change, while inquiries by two Democratic-led states continue.


ADP buys international payroll provider Celergo

ADP has acquired Celergo, a provider of payroll management services in 150 countries.