NSAC Happenings and Latest News - Page 83
Announcing the Newest Member Benefit: A Scholarship Program
The NSAC Board has approved a scholarship program for members and family. Members, their children, grandchildren, step grandchildren and legal guardians are eligible to apply. The application is online and requires transcripts. Click here to review. We are excited to provide up to 10 scholarships in 2018. If you have questions contact the national office at (937) 222-6707 or email.
Read MoreEverything You've Been Told About Passwords Is Wrong
The best security available is a combination of password, multi-factor authentication and biometrics, such as fingerprint or facial recognition. The US expert who wrote the standard for password security now says he was wrong - and it's time for a new way. In 2003, Bill Burr was a technology manager for the US National Institute of Standards and Technology (NIST) when he was tasked with writing some brief guidelines for password security.
Read MoreSelecting Lease Accounting Software ? What to Consider
In early 2016, the Financial Accounting Standards Board (FASB) issued the most significant change to financial reporting for leases in 40 years. For the first time, most operating leases will be reported on company balance sheets, requiring more complex calculations than previous guidance. With a deadline for compliance as of 2019, businesses across the United States are now working with their accounting departments to select the best lease ...
Read MoreIRS Releases Updated Withholding Calculator and 2018 Form W-4
The IRS has completed updating its online withholding calculator that individual taxpayers can use to determine how many withholding allowances they should claim for 2018. The IRS also issued a new 2018 Form W-4, Employee's Withholding Allowance Certificate. The IRS had previously announced that taxpayers could use the old 2017 Form W-4, as modified in Notice 2018-14, until 30 days after the new form was issued. The calculator and new Form W-4 ...
Read MoreFASB Proposes Changes in Accounting for Cloud Computing Costs
The Financial Accounting Standards Board issued a proposed accounting standards update aimed at improving how to account for the costs of implementing cloud computing. The proposed update would specifically clarify the accounting for implementation costs related to a cloud computing arrangement that is a service contract. It also would provide more disclosures of the implementation costs for internal-use software and cloud computing ...
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