The International Accounting Standards Board is looking for feedback on some targeted improvements it's proposing to make to improve the requirements for recognizing and measuring provisions on ...

Section 13(b)(2)(B) of the Securities Exchange Act of 1934 (“Exchange Act”) (“IAC Provision”) requires public companies to have “internal accounting controls” that, broadly speaking, are sufficient to ...

Bloomberg Industry Group has acquired Tax Prodigy’s software, which calculates income tax related elements of financial statements. The product will be folded into Bloomberg Tax & Accounting’s ...

The Securities and Exchange Commission will meet today to consider easing the most contentious part of the Sarbanes-Oxley Act, which imposed new duties on corporate executives and accountants after a ...

Establishing a provision for obsolete inventory and creating an inventory reserve write-off account lets you write off the value of your obsolete inventory on a perpetual basis. If your business only ...

[Asia Economy Reporter Minwoo Lee] Recent measures by financial authorities instructing commercial banks to increase their loan loss reserves are analyzed to have little accounting impact. Unlike loan ...

ARLINGTON, Va., Feb. 24, 2022 /PRNewswire/ -- Bloomberg Tax announced today that its Bloomberg Tax Provision has been named to Accounting Today's 2022 Top New Products. The list recognizes the best ...

Federal Information & News Dispatch, Inc.    Compliance Date: All provisions of this regulation require compliance on the effective date, except the Reporting Entity's requirements ...

First Bancorp in San Juan, Puerto Rico, has disclosed a problem with the way it calculates its provision for problem loans. The $12 billion-asset First Bancorp said in i ts recently filed 10-K that ...