The accounting industry is always evolving amid complex rules and regulations. These articles feature timely updates on a variety of accounting topics.
Close-Up on the Use of XBRL in Financial Reporting
The use of eXtensible Business Reporting Language (XBRL) has slowly gained traction since 2009, when the Securities and Exchange Commission (SEC) began requiring...
30 December, 2016
Considering a Spinoff? Think it Through.
In popular culture, the word 'spinoff' usually refers to a television show whose main characters originated from an already established show, but the...
28 December, 2016
Few Changes to Retirement Plan Contribution Limits for 2017
Retirement plan contribution limits are indexed for inflation, but with inflation remaining low, most of the limits remain unchanged for 2017. The only...
27 December, 2016
Companies Restate Financial Results for a Variety of Reasons
When a company reissues or revises its financial statements, some people automatically assume that management is cooking the books. There can, however, be...
23 December, 2016
Build Consensus Before You Buy Business Software
Business owners get to make executive decisions. It is one of the perks of the job. However, acting unilaterally when buying business software...
21 December, 2016
Automatic Enrollment Retirement Plans
Some states have passed laws requiring employers, including many small businesses, to offer retirement plans to employees. Other states may follow in the...
21 December, 2016
Want to Save for Education? Make 2016 ESA Contributions by December 31
There are many ways to save for a child’s or grandchild’s education, but one has annual contribution limits, and if you do not...
20 December, 2016
Source: Statisticstimes.com
The U.S. economy is the world’s largest, with gross domestic product (GDP) more than $18.5 trillion in 2016. China ranks second, with $11.4...
19 December, 2016
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