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Tuesday, 05 February 2019

3 steps for students to conquer the career fair

Written by The Rehmann Team

So you've signed up for your first career fair, made finishing touches to your resume and bought a new pair of dress shoes. Do you feel ready? If you're nervous, that's a good thing! Being nervous means you care and making the connections to land your first job or internship is something you should care about...

Tuesday, 12 June 2018

5 Signs Your Healthcare Practice Has Outgrown QuickBooks

Written by The Rehmann Team

You’ve put in a lot time and effort to nurture a growing healthcare practice and while QuickBooks worked well at the start, it’s time for something better. QuickBooks isn’t sophisticated enough to manage complicated healthcare operations and it could already be creating new problems. You may not have noticed it right away, but there are several signs that QuickBooks isn’t meeting your needs and could be hampering growth. Here are the top 5 ways to tell you’ve outgrown QuickBooks and what you should do now before things get worse...

Tuesday, 17 April 2018

Tech-Savvy CFOs Look Beyond the Cloud for Agility

Written by Cindy Jutras

The digital world we live in today brings new opportunities, along with new challenges for companies of all sizes. The Internet has leveled the playing field. Even small to midsize enterprises can establish a worldwide presence and compete on a global scale. But even as technological advances create unprecedented opportunities, they also increase the potential for business disruption, bringing new sources of competition as well as entirely new business models...

Wednesday, 11 April 2018

5 Leadership Qualities of a Tech-Savvy CFO

Written by Cindy Brinker

The success or failure of a company is directly dependent on the collective decisions of each team member, but the actions of the team are dependent on their leader. A strong leader will inspire their team to develop themselves both personally and professionally, which generates passion for improvement. A unified, passionate team will perform with enhanced productivity and contribute to the growth and success of their company. Therefore, being a great leader is required for running a great business...

Tuesday, 28 February 2017

Are you purchasing assets or a business?

Written by Thomson Reuters

On January 5, 2017, the Financial Accounting Standards Board (FASB) published guidance to revise the existing rules for determining whether the purchase (or sale) of an asset or group of assets qualifies as the purchase (or disposal) of a business. Here’s what’s changing under the updated guidance and why the changes are needed. Finding clarity Critics believe that the current definition of a business is overly broad and captures too many day-to-day purchases of assets, requiring businesses to follow the complex rules for business combinations under existing U.S...

Tuesday, 20 December 2016

Private businesses may get a reprieve from consolidated reporting

Written by Thomson Reuters

Accounting for variable interest entities (VIEs) continues to be a source of frustration for private companies and their accountants. The Private Company Council (PCC) of the Financial Accounting Standards Board (FASB) supports an effort that would carve out private companies from having to follow the complex VIE guidance in the standard for consolidated reporting. Consolidation headaches Private companies have long complained that the VIE guidance in Topic 810, Consolidation, is overly complex and results in different companies in similar situations coming to different accounting conclusions. Others say the guidance leads to consolidated reporting in situations where it’s not warranted, which then forces lenders and creditors to break down balance sheets to understand a private company’s financial position...

Tuesday, 25 October 2016

Is XBRL reporting the wave of the future?

Written by Thomson Reuters

Public companies are required to submit regulatory filings using eXtensible Business Reporting Language (XBRL). XBRL is a machine-readable reporting format intended to make financial statements more useful to researchers, regulators and investors. It has the potential to increase the speed, accuracy and usability of financial disclosure — and eventually reduce costs. But the U...

Tuesday, 25 October 2016

Mission accomplished: FASB finalizes the cash flow project

Written by Thomson Reuters

On August 26, the Financial Accounting Standards Board (FASB) published an update to U.S. Generally Accepted Accounting Principles (GAAP) that aims to improve and clarify eight parts of existing guidance on cash flow statement presentation and classification. The update addresses some frequently asked questions about what is considered a complex area of accounting...

Tuesday, 25 October 2016

The FASB simplifies accounting for share-based compensation

Written by Thomson Reuters

On March 30, the Financial Accounting Standards Board (FASB) published an updated standard to simplify some provisions in share-based compensation accounting. The update — Accounting Standards Update (ASU) No. 2016-09, Compensation — Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting — makes it easier for employers to report the tax deductions for paying employees with stock options and restricted shares. The update also provides practical expedients for private companies that offer share-based compensation...

Thursday, 06 October 2016

Are non-GAAP measures helpful or harmful?

Written by Thomson Reuters

U.S. Generally Accepted Accounting Principles (GAAP) are a set of rules and procedures that accountants typically follow to record and summarize business transactions. These guidelines provide the foundation for consistent, fair, honest and accurate financial reporting...

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