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5 days ago | 
news.bloombergtax.com | Jorja Siemons
The number of undergraduate students enrolled in accounting programs spiked for the third consecutive semester this spring, according to newly released data. Accounting enrollment increased 12% compared to the prior year, adding more than 29,000 students to programs, the American Institute of Certified Public Accountants said Monday, citing estimates from the National Student Clearinghouse Research Center.
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2 weeks ago | 
news.bloomberglaw.com | Jorja Siemons
The US Securities and Exchange Commission is scrutinizing the first batch of companies’ annual financial reports that adopt updated accounting rules for segment reporting, which let them disclose more than one profit measure for their business lines—including unofficial metrics.
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2 weeks ago | 
news.bloombergtax.com | Jorja Siemons
The US Securities and Exchange Commission is scrutinizing the first batch of companies’ annual financial reports that adopt updated accounting rules for segment reporting, which let them disclose more than one profit measure for their business lines—including unofficial metrics.
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3 weeks ago | 
news.bloomberglaw.com | Jorja Siemons
Companies received greater clarity Thursday from the US accounting standard-setter on how to report certain share-based financial incentives they offer to customers. The Financial Accounting Standards Board published a final update to the accounting rulebook aimed at streamlining financial reporting for these deal sweeteners following concerns that current guidance can lead to diverse accounting outcomes.
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3 weeks ago | 
news.bloomberglaw.com | Jorja Siemons
Companies received greater clarity Thursday from the US accounting standard-setter on how to report certain share-based financial incentives they offer to customers. The Financial Accounting Standards Board published a final update to the accounting rulebook aimed at streamlining financial reporting for these deal sweeteners following concerns that current guidance can lead to diverse accounting outcomes.
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3 weeks ago | 
news.bloomberglaw.com | Jorja Siemons
Two large accounting associations backed an additional option for states looking to lower barriers for people seeking to be licensed as certified public accountants. The boards of directors of the American Institute of CPAs and National Association of State Boards of Accountancy approved changes to model legislation for states that would expand the CPA candidate pool to include those with a bachelor’s degree focused on accounting and two years of work experience.
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3 weeks ago | 
news.bloombergtax.com | Jorja Siemons
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3 weeks ago | 
news.bloombergtax.com | Jorja Siemons
Financial reporting of large segment-level expenses was a prominent topic in conversations between Wall Street’s regulator and firms last year, according to an Ideagen Audit Analytics report. Segment reporting accounted for 18% of US Securities and Exchange Commission comment letter conversations related to financial filings in 2024, the white paper published Tuesday said.
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3 weeks ago | 
news.bloomberglaw.com | Jorja Siemons |Andrea Vittorio |Amelia Gruber Cohn
Financial reporting of large segment-level expenses was a prominent topic in conversations between Wall Street’s regulator and firms last year, according to an Ideagen Audit Analytics report. Segment reporting accounted for 18% of US Securities and Exchange Commission comment letter conversations related to financial filings in 2024, the white paper published Tuesday said.
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3 weeks ago | 
news.bloombergtax.com | Jorja Siemons
Companies gained clearer insight Monday on which party in certain business deals counts as the acquirer for financial reporting purposes. The Financial Accounting Standards Board published final guidance that aims to improve requirements for making the key determination that affects which business’s assets and liabilities are remeasured in a combination.
