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20/20 Insights
FASB Gives Companies More Time to Implement Some of the Major Standards
Published 10/17/2019
The Financial Accounting Standards Board (FASB) voted yesterday to defer effective dates of standards for leases, credit losses, hedging and…
Breaking News: Revised Overtime Rule Becomes Effective
Published 09/25/2019
Brief History In 1938, the Fair Labor Standards Act (FLSA) was passed to establish minimum wage, overtime pay, recordkeeping and…
New rules clarify accounting for grants and contributions
Published 08/08/2019
When the Financial Accounting Standards Board (FASB) released new rules for revenue recognition in 2014, contributions were specifically excluded. Now…
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