Hot Topics Article Archives - Page 43
3 Technologies Transforming Accounting, Finance and Tax
The data is clear: when considering technology within an organization, the question is no longer whether to invest — it's how. According to KPMG’s 2018 U.S. CEO Outlook, CEOs are thinking a lot about technology and data and analytics (D&A) for their organizations. Ninety-eight percent of CEOs view technology disruption as an opportunity rather than as a threat. Eighty-six percent of CEOs consider their companies to be active ...
Read MoreHow Workplace Trends Are Affecting Small Businesses
It's widely known that finding top-tier talent is a challenge many small CPA firms and other small businesses face. On the most recent episode of The Small Biz Brunch, a podcast from AICPA's #CPApowered campaign, I chatted with Mark Astrinos, CPA/PFS about this issue, changing trends in the workplace and how they’re affecting bottom lines and company cultures. A business owner himself, he had some key insights into hiring and retaining ...
Read MoreWhat You Need to Know About the New Hedging Guidance
The new hedge accounting guidance, which is effective in the first quarter of 2019 for calendar-year PBEs, changes the way entities account for and present their hedging relationships to better portray the economics of their risk management activities in their financial statements. The extent of the changes will vary by entity because some amendments are elective. However, other amendments require entities to change their financial ...
Read MoreUnderstanding the Purpose Requirement in Section 1031 Related-party Transactions
Section 1031 transactions can vary greatly in their complexity. Basic 1031 transactions may require very little mental horsepower to conduct, but certain transactions can be extremely tricky. Both the underlying code and the accompanying Section (k) Treasury Regulations contain many rules and requirements, and the fulfillment of certain requirements may be subject to dispute. This is why we have a body of case law which has developed around ...
Read MoreChallenges Related to the New Leases Standard
Management should focus on making sure the entity has controls in place to appropriately account for leases under the new leases standard. This will require companies to design different policies, processes and controls to account for leases prospectively (i.e., beginning in the quarter that the standard is adopted) because the prospective accounting model for the new leases standard is different from its transition provisions for existing ...
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