Revenue Recognition Disclosure Requirements: A Challenge That Can't Wait
FASB's revenue recognition standard includes complex disclosure requirements that will take effect sooner than companies think. As companies scramble to implement the FASB's revenue recognition...
IRS Enforcement Activities Dropped in 2016
The IRS reported several large drops in its enforcement activities in fiscal year 2016, including a 16% drop in audits, a 40% drop in levies, and a 9% drop in liens compared to the prior year. These...
Rules Proposed for Accounting Method Changes to Reflect FASB Revenue Recognition Standards
The IRS is asking for comments on proposed procedures for requesting consent to make accounting method changes to reflect FASB's new revenue recognition standards (Notice 2017-17). The proposed...
Proposal on Inventory Disclosures
The FASB proposed requiring all entities to make additional disclosures regarding changes in inventory that are outside the normal purchase, manufacture or sale of inventory and the composition of...
Reminder About Setting Effective Tax Rates
With companies once again setting their annual effective tax rates, we'd like to remind you of some basic principles. The tax provision for the year is the same whether a company prepares only annual...
Board of Directors
*Stanley Mitchell, CFO
P.O. Box 263
Dorchester, NE 68343-0263
Tel: (402) 946-2211; Fax: (402) 946-2062
*Jeff Brandenburg, CPA, CFE
Great Lakes Chapter
8215 Greenway Boulevard, Suite 600
Middleton, WI 53562
Tel: (608) 662-8600; Fax: (608) 662-9142
*William Miller, CPA
Electric Co-op Chapter
Bolinger, Segars, Gilbert & Moss, LLP
8215 Nashville Avenue
Lubbock, TX 79423
Tel: (806) 747-3806; Fax: (806) 747-3815
North Central Chapter
Land O’Lakes, Inc.
P.O. Box 64101
St. Paul MN 55164
Tel: (651) 375-2929
*Jo Ann Fuller
*Christy Norton, CPA
* Indicates Executive Committee Member