The IASB has created the SME Implementation Group (SMEIG) that specifically addresses small midsized entity concerns. The FASB also is considering forming a comparable group for U.S. small, midsized and nonpublic companies. Thus, it is important to pay attention to the standard setting made under this group should FASB successfully decide that differential accounting treatment is needed for the small, midsized and nonpublic companies. These decisions will serve as building blocks for U.S. standard setting.
The chairmen of the House Financial Services Committee, Rep. Spencer Bachus (R-AL), and the House Agriculture Committee, Rep. Frank Lucas (R-OK), last week introduced H.R. 1573, which would extend the deadline by 18 months for implementing the derivatives portion of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Currency risk is quite possibly underpriced, meaning that corporate hedgers may be faced with unusual opportunities.
Well, the week started with the big news that the U.S. government had avoided a shutdown late Friday night and the operations of the government would continue uninterrupted. Unfortunately, this tussle over the FY11 budget is probably just a slight indicator of the battles that loom ahead conc
The American Payroll Association, Consumers Union, the Electronic Payroll Coalition, and the National Consumer Law Center have identified and agreed to 10 core principles for the use of reloadable prepaid cards issued to an employee through a financial institution on behalf of an employer.
Efforts to repeal unpopular new 1099 reporting requirements gained momentum yesterday, as President Obama in his State of the Union address signaled his willingness to address the issue....
The word 'periodicity' may sound funny, but this forecasting tool offers serious results.
Through the use of derivatives, prudent treasurers have played a critical role in mitigating risk for their companies and limiting damage to American businesses' balance sheets due to the unprecedented market downturn.
After a year that saw the collapse of credit markets and the loss of nearly 2 million U.S. jobs, five out of six financial professionals do not expect business conditions to improve in 2009, according to the newly released 2009 Association for Financial Professionals (AFP) Business Outlook Survey.
Positive pay - as defined by the Association for Financial Professionals' Essentials of Treasury Management - is a "service that matches serial numbers and dollar amounts against a company's issue file, thereby enabling a financial institution to determine which checks can be paid and which should be returned."
When it comes to resume writing, everyone has an opinion. But, here you are, faced with the daunting task of writing your finance resume. Louise Garver, CPRW, MCDP, JCTC, CEIP, CMP President, Career Directions, LLC 2004-12-16
When it comes to resume writing, everyone has an opinion. But, here you are, faced with the daunting task of writing your finance resume. Think of your resume as your ticket to interviews-to introduce y
April 14, 2004 - AFP again leads the news with its announcement of the development of standard practices for credit rating agencies. The standard aims to restore confidence among issuers, credit rating agencies, investors and regulators who oversee the credit rating process.