AICPA and CIMA Members Approve Ballot Initiatives
Members of the AICPA and The Chartered Institute of Management Accountants voted overwhelmingly in support of a proposal to create a new international association that will integrate operations and represent the entire accounting profession, reports the Journal of Accountancy.
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DOL Finalizes New Overtime Regulations
The U.S. Department of Labor recently announced its final overtime changes as an update to the Fair Labor Standards Act. The changes are estimated to impact 4.2 million American workers and will become effective on Dec. 1.
Take a Closer Look at Sales Forecast Errors
If finance is wielding blunt forecasting tools, whether for inventory cost or revenue, the whole picture can crack. CFO.com explains how big data can improve the finance function.
FASB Proposal Would Simplify Goodwill Impairment Test
In a proposal by the FASB, Step 2 would be eliminated from the current goodwill impairment test. Comments on the proposal should be submitted to the FASB by July 11, reports AccountingWEB.