An Easier Way for Certain Private Companies to Account for Goodwill
In January, the Financial Accounting Standards Board issued final guidance on an accounting alternative that allows private companies to amortize goodwill acquired in a business combination and to use a simpler one-step impairment test.
Accountants’ Confidence Wobbles Slightly Going into 2014
The accounting profession's expectations for economic growth wobbled slightly, but remained positive for the fourth month in a row
Accounting Firm Leaders and Staff See Ethics Differently
Leaders of accounting firms may view the ethical environment differently from their staff members, according to a new study.
Certain private companies can now use simplified hedge accounting
The FASB has issued final guidance that makes it easier for certain private companies to qualify for hedge accounting for interest rate swaps used to convert variable-rate debt into fixed-rate debt.
NSAC provides a variety of training sessions, publications, and research tools to enhance the professional competence of its members and improve the level of service they can offer cooperatives.
- The Cooperative Accountant is a quarterly technical journal featuring timely and useful information on cooperative tax, accounting, finance, and economic issues.
- Financial Reporting by Cooperatives explains and offers examples of financial statement entries unique to cooperatives.
- The Electronic Tax Library provides easy access to a searchable data base of IRS administrative rules and rulings and court cases concerning tax treatment of cooperatives. Available in the Members section of this website.
- Welcome to Cooperatives is a basic explanation of how cooperatives are organized and operated, including equity management and tax treatment. It is must reading for new employees without a background in cooperation.