Nonqualified Patronage Distributions Provide Alternative for Coops
Cooperatives distribute member-based income to patrons in the form of patronage dividends. Historically, these took the form of qualified patronage dividends with a portion paid in cash and the rest paid in qualified equity credits.
FASB Delays Revenue Recognition Effective Date by One Year
Citing challenges for financial statement preparers, FASB voted to delay the effective date of the new revenue recognition standard by one year, with early adoption permitted as of the original effective date.
FASB Nears Proposal on Hedge Accounting
After several years of relative inaction on hedge accounting, now the Financial Accounting Standards Board is near issuing a proposed update to accounting standards that would have a big effect on what would qualify for hedge accounting and how the accounting would be explained in financial statements.
The Five Stages of Cloud Adoption Grief
Clients moving to the cloud need to move through the “Five Stages of Cloud Adoption Grief,” according to well-known financial and management consultant Leslie Shiner.
Accounting TV Shows We’d Like to See
Over the years there has been no lack of TV series about the legal and medical professions, but for some reason the accounting profession has received relatively little attention. It's time that changed and we have a few suggestions.
|Cooperative Learning Network|
Current Cooperative Tax Developments
September 17th, 2015
What is a Cooperative?
September 30th, 2015