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Elizabeth Watkins, CPA, was one of only 38 CPAs honored by the American Institute of CPAs (AICPA) as a member of the Leadership Academy’s ninth graduating class. Watkins was selected based on her exceptional leadership skills and professional experience for the four-day Leadership Academy program, which will be held from October 1-5 in Durham, N.C.
View MoreThe Financial Accounting Standards Board (FASB) recently issued a proposed Accounting Standard Update (ASU) intended to clarify and improve the scope and the accounting guidance for contributions received and made, primarily by not-for-profits. Stakeholders are asked to review and provide comment on the proposed ASU by November 1, 2017.
View MoreIn an effort to increase the amount of high school students taking college-prep accounting courses across the state, the Tennessee Society of CPAs partnered with the American Institute of CPAs (AICPA) and the Kentucky Society of CPAs to bring the third annual Accounting Pilot and Bridge Project (APBP) to Tennessee.
View MoreTSCPA has awarded scholarships totaling $250,000 to over 100 top accounting students at 17 different colleges and universities in Tennessee.
View MoreFollowing a Private Company Council recommendation, FASB recently issued a new standard that simplifies the accounting for certain financial instruments with down round features.
View MoreThis report from CIMA summarizes the perspectives of 586 executives in organizations around the world and provides an overview of the current state of enterprise-wide risk oversight.
View MoreGASB Statement No. 87, Leases, provides guidance for lease contracts for nonfinancial assets - including vehicles, heavy equipment, and buildings - but excludes nonexchange transactions, including donated assets and leases of intangible assets (such as patents and software licenses).
View MoreThe U.S. House of Representatives has passed the Mobile Workforce State Income Tax Simplification Act of 2017, H.R. 1393, which is intended to simplify state income tax reporting and withholding rules for employees who sometimes work outside their home states.
View MoreThe bills on the following list have been identified by TSCPA’s legislative tracker as bills of interest to the CPA profession. They may be viewed in their entirety at www.legislature.state.tn.us/. If you have questions or comments, please email tscpa@tscpa.com.
View MoreThe Tennessee General Assembly recently enacted a law that delayed the start date of the Tennessee sales and use tax provisions that bring Tennessee sales and use tax law into compliance with the Streamlined Sales and Use Tax Agreement (SSUTA). The provisions are now set to take effect July 1, 2019.
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