Rochester Institute of Technology adopted the Financial Accounting Standards Board (FASB) new accounting guidance on leases FASB Accounting Standards Codification Section 842 ("ASC 842") on July 1, ...

The Treasury Department and the Internal Revenue Service (IRS) issued Notice 2018-26, which provides guidance under section 965 of the Internal Revenue Code regarding the “transition tax.” Section 965 ...

How does Accounting Standards Update 2018-08-Not-For-Profit Entities (Topic 958): Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made impact Principal ...

Many companies have been working to interpret the U.S. Securities and Exchange Commission’s (SEC) statement since its release in early April regarding the classification and accounting for warrants ...

In an era of constantly changing tax laws where provisions expire annually and congressional tinkering is constant, the worker classification system - whether a worker should be treated as an employee ...

On the Exchange Transactions web page the definition of an Exchange Transaction is provided along with details and examples. Further details on how Drexel and the Academy of Natural Sciences are ...

Financial reporting requires accuracy, consistency, and compliance with accounting standards. Businesses must collect ...