Creditor Determination of Whether a Restructured Receivable is a Troubled Debt Restructuring A creditor may not apply the guidance in FASB ASC 470-60-55, Troubled Debt Restructurings by Debtors. A creditor is deemed to have granted a concession when, as a result of the restructuring, the creditor does not expect to collect all amounts due, including interest accrued at the original contract rate. [Read More]
HOW TO MAXIMIZE YOUR INVOLVEMENT IN THE NONPROFIT SECTOR May 10, 2011
A workshop to provide Board Members, Executive Directors, CFOs and Nonprofit Decision Makers a roadmap and best practices to maximize their involvement in the NP world for optimal efficiency and results.
As our competitive business environment continues to evolve and change, companies that were traditionally a local proposition have begun to gravitate to the notion of a worldwide marketplace.
FASB: FASB Amends "Effective Control" Criteria for Repo Transactions May 3, 2011 - FASB issued an Accounting Standards Update (ASU) that it said is intended to improve financial reporting of repurchase agreements ("repos") and other agreements that both entitle and obligate a transferor to repurchase or redeem financial assets before their maturity. [Read More]
SEC: SEC Proposes Rules Requiring Listing Standards for Compensation Committees and Compensation Consultants March 30, 2011 - The Securities and Exchange Commission voted unanimously to propose rules directing the national securities exchanges to adopt certain listing standards related to the compensation committee of a company's board of directors as well as its compensation advisers, as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act. [Read More]
IFRS: Private Company Reporting in the US - ifrs.com April 27, 2011 - Recently, Paul Parks from ifrs.com published an interesting article that talked about the status of IFRS and GAAP Convergence. [Read More]
SARBANES-OXLEY: SEC Recommends Sarbox 404(b) Compliance for Mid-Sized Firms April 29, 2011 - When the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) became law, it granted small-cap companies an exemption from the auditor attestation requirements in Sarbanes-Oxley 404(b). [Read More]
2011 Calendar of SEC Holidays & EDGAR Filing Deadlines Find out important filing dates to remember as a new filing season comes upon us. [Read More]
The SingerLewak Spreadsheet Learn about the latest updates on the most recent proposed and passed rules from the SEC, FASB, AICPA, COSO, PCAOB, GASB, and IASB. [Read More]
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FASB Amends "Effective Control" Criteria for
