• Archive for March, 2010

    FIN 48 for Business Clients: Accounting for Uncertainty in Income Taxes

    by  • March 2, 2010 • News • 0 Comments

    Businesses should be aware of changes the Financial Accounting Standards Board ("FASB") has made to certain accounting pronouncements that may have an effect on your financial statements.  For years ended after December 15, 2009, all non public entities preparing financial statements in accordance with U.S. Generally Accepted Accounting Principles (GAAP) must adopt the accounting pronouncement FASB ASC...

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    FIN 48 for Not-For-Profit Organizations: Accounting for Uncertainty in Income Taxes

    by  • March 2, 2010 • Nonprofit Accounting • 0 Comments

    Not-For-Profit Organizations should be aware of changes the Financial Accounting Standards Board ("FASB") has made to certain accounting pronouncements that may have an effect on your financial statements.  For years ended after December 15, 2009, all non public entities preparing financial statements in accordance with U.S. Generally Accepted Accounting Principles (GAAP) must adopt the accounting pronouncement FASB...

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    Proposed DOD Regulation Puts Contractor Payments in Jeopardy

    by  • March 2, 2010 • Government Contractor Accounting • 0 Comments

    On January 15, 2010, the Department of Defense ("DoD") unveiled a proposal to amend the Defense Federal Acquisition Regulation Supplement ("DFARS") to require withholding of contractor payments for contractor failure to maintain "acceptable business systems."  Business systems covered by the new rule would include accounting systems, estimating systems, purchasing systems, earned value management systems (EVMS),...

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