This article was original published in the September 2020 issue of Career Education Review and reproduced here with permission. Article originally posted at careereducationreview.net. As the COVID-19 pandemic and a difficult 2020 continues, postsecondary institutions have to make significant decisions concerning the emergency aid that helped them through the spring and...
As the COVID-19 pandemic continues to impact our daily lives and make us rethink the way we operate our businesses, we understand certain changes may need to be made to accommodate a more remote work environment. Unfortunately, this has resulted in an increase in fraudulent scams focused on taking advantage...
The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU), ASU No. 2016-1 – Financial Instruments-Overall (Subtopic 825-10), Recognition and Measurement of Financial Assets and Financial Liabilities. The objective of this ASU is to enhance the reporting model for financial instruments to provide users of financial statements with...
The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU), ASU No. 2015-17 – Income Taxes, Balance Sheet Classification of Deferred Taxes. This ASU simplifies the presentation and disclosures of deferred income taxes. Current GAAP requires deferred income tax assets and liabilities to be separated into current and noncurrent...
By Tom Wilson, CPA In April 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-08 – Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. This update applies to all entities. The FASB...