Accounting and Tax

Latest Headlines

Latest Headlines

States unwind more recession damage

In 2014, more states paid back the money they had borrowed from the federal government to fund unemployment benefits. Repaying the loans, a legacy of the recession, lowers the federal unemployment...

International tax avoidance concentrated within 450 multinationals

New research finds that 90 percent of intra-firm exports to tax havens comes from a small number of large companies.

Largest companies' pensions suffered in 2014, research shows

Just 80 percent of plans offered by about 400 Fortune 1000 companies were funded at the end of 2014, Towers Watson analysis shows. That's down 9 percentage points from 2013 levels and a fall back to post-financial crisis levels.

Big shifts in corporate tax landscape seen coming in 2015

Potential changes in corporate taxation could create major headaches for CFOs next year, KPMG warns.

FX's growing impact on cash flow hidden from view

A new report shows that increasing foreign currency volatility is having a growing--yet hidden--impact on corporate cash flow.

Need funding for that lawsuit?

A small portion of companies are using third-party litigation financing, survey shows.

New revenue recognition standard means work ahead for companies

Regulators suggest they're open to requests to extend the implementation period.

SEC focuses on materiality, relevancy in comment letters to companies

Deloitte's annual roundup of comment letters from the Securities and Exchange Commission shows the agency still sees much room for improvement in companies' annual reports.

FASB may help companies hide the results of bad deals

The accounting standard setter is likely to try to resurrect amortization of goodwill, which critics say would enable companies to obscure the poor performance of assets they acquire.

Financial planning, cash processes deemed high priorities by finance execs

Healthcare reform takes second place to sustainability among emerging issues.