When employees contribute a percentage of their wages to their employer’s sponsored retirement plan, they often assume the money is transferred into their account on…
In early 2016, the Financial Accounting Standards Board (FASB), the body that sets accounting principles for U.S. entities, released a new accounting standard on how…
Although the Tax Cuts and Jobs Act (TCJA) was written into law more than a year ago, it continues to play a strong role in…
The Financial Accounting Standards Board (FASB) has made a significant change to accounting standards related to accounting for financial instruments. Accounting Standards Update 2016-01 (ASU…