accounting standards

Why CPA Designation Matters

The accounting profession is largely self-regulated by the American Institute of Certified Public Accountants (AICPA). Part of its mission involves the development and enforcement of a broad range of standards for the profession. There is no requirement that you have to be a licensed Certified Public Accountant (CPA) to do

2021-04-12T14:55:28-06:00May 7th, 2019|

Credit Loss Standard: The New CECL Model

A new accounting standard on credit losses goes into effect in 2020 for public companies and 2021 for private ones. It will result in earlier recognition of losses and expand the range of information considered in determining expected credit losses. Here’s how the new methodology differs from existing practice. Existing

2021-04-12T14:57:42-06:00September 1st, 2017|
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