GASB issues Exposure Draft regarding compensated absences
(authored by RSM US LLP) A recent GASB Exposure Draft proposes a unified model for the recognition and measurement of all types of compensated absences.
Proposed accounting for acquired revenue contracts with customers
(authored by RSM US LLP) A recent proposed ASU addresses the accounting for revenue contracts with customers acquired in a business combination.
IRS Introduces New Form 1099-NEC for 2020 Tax Year Reporting
Beginning in January of 2021, the IRS will require businesses to report non-employee compensation using a new Form 1099-NEC. Amounts formerly reported on Form 1099-MISC
Webinars: Financial Reporting Model Improvements
The Governmental Accounting Standards Board (GASB) has set about to reexamine state and local government financial reporting in an effort to improve the reporting model.
The Real Economy: Industry Outlook
(authored by RSM US LLP) Get data-driven economic insights and outlooks on a variety of middle market industries provided by RSM US LLP senior analysts.
Accounting Solutions for CARES Act Program Proceeds
When Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act on March 27, 2020, they sanctioned much-needed relief payments to healthcare providers across
When Will Market Uncertainties Affect Going Concern, and What Should Management Do About It?
Though this is not a new reporting requirement, management is up against a unique threat this year and should take the steps to evaluate going
New Accounting Standard Affects Governments that Use Subscription-Based Cloud Technologies
