NAM and the State of the Manufacturing Industry 2011

Manufacturing continues to drive the economic recovery in the U.S., with increased jobs and productivity. The U.S. continues to be the world's largest manufacturing economy. The manufacturing industry in the U.S. has increased employment and productivity over the last 12-18 months, adding more than 250,000 jobs since the beginning of 2010.... read more >

The Latest on Lease Accounting

Audit

By Todd Lucas

On June 1, 2011, the FASB and IASB (the Boards) met to discuss the new proposed lease accounting guidance.  The discussion on leases at this meeting focused primarily on subsequent measurement issues relating to lessees, including foreign exchange differences, impairment, revaluation and residual value guarantees.... read more >

Will Proposed Changes in the Way to Recognize Revenue Affect You?

Audit

By Erin Abbot

The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have jointly developed a new revenue recognition project.  The project’s objective is to clarify the principles for recognizing revenue and to create a joint revenue recognition standard for U.S. GAAP and IFRS that companies can apply consistently across various industries and transactions.... read more >

FASB and IASB Reach Lease Accounting Decisions

Audit

By Donald Applegarth

At their May 17, 2011 meeting, the FASB and IASB reached several tentative decisions relative to lease accounting: Leasee Accounting – The Boards ... read more >

Disasters Happen - Are You Prepared?

We are only half way through this year and already billions of dollars of damage has been dealt to the United States due to severe flooding along the Mississippi ... read more >

FBAR Due Date is June 30, 2011

Tax

By Ron Kramer

The deadline for filing the Report of Foreign Bank and Financial Accounts, Form TD F 90-22.1 (FBAR) for calendar year 2010 is fast approaching. These reports ... read more >

The CPA Exam for a Global Standard

In January 2011, the CPA exam underwent its largest transformation since it was converted from a paper and pencil exam to computer-based in 2004. Some ... read more >

Annual AICPA Not-for-Profit Conference

The annual AICPA Not-for-Profit Conference will be held next week in Washington, D.C. Members of the Schneider Downs Nonprofit Industry Group will be joining ... read more >

Questions Most Frequently Asked about Marcellus Shale by Property Owners

What is Marcellus Shale? The Marcellus shale is an organic-matter-rich rock formation that holds large reserves of natural gas. The Marcellus shale formation ... read more >

Employer-Owned Life Insurance and IRS Form 8925

Tax

By Rachelle Kulback

The Pension Protection Act of 2006 added new provisions to the Internal Revenue Code at Section 6039I regarding employer-owned life insurance. Any employer ... read more >