IFRS for SMEs: Issued by the International Accounting Standards Board

IFRS

By Todd Lucas

For the past five years, the International Accounting Standards Board (IASB) has been working on an International Financial Reporting Standard (IFRS) for small or mid-sized companies.  ... read more >

Fighting the Volatility of Fuel Prices: Fuel Hedging

Rivaling labor as a significant operating cost in the trucking industry are fuel costs.  With the rising price of fuel over the past two years, trucking companies have had to seek ways to offset these increases through such means as fuel surcharge programs and fuel hedging.  ... read more >

The American Reinvestment and Recovery Act: Is your business in-the-know?

Audit

By Erin Abbot

The American Reinvestment and Recovery Act of 2009 (ARRA) was established to “create and save jobs, jumpstart our economy and build the foundation for long-term economic growth.”  ... read more >

"Cash for Clunkers" Bill Encourages Fuel Efficiency

Automobile

By Bob Bandi

President Obama's "Cash for Clunkers" bill provides incentives to owners of high-polluting automobiles to replace them with new fuel-efficient and less-polluting automobiles. Robert Bandi of Schneider Downs explains the details.... read more >

Is Tax Amnesty the Answer for Pennsylvania?

The Republicans in the Pennsylvania House of Representatives released their budget proposal on July 10, 2009.  One of the most controversial aspects of the $27.3 billion budget proposal is the tax amnesty program. ... read more >

IFRS Convergence: How Close Are We?

IFRS

By Todd Lucas

At a recent Financial Crisis Advisory Group meeting, Financial Accounting Standards Board (FASB) Chair Robert Herz stated that full U.S. GAAP and International Financial Reporting Standards (IFRS) convergence could still be 10 – 15 years away.... read more >

2009 Nonprofit Training Seminar

On July 9, 2009, over 140 audit and tax professionals from Schneider Downs’ Pittsburgh and Columbus offices met at the Oglebay Resort and Conference ... read more >

Schneider Downs Invites Ohio Nonprofit Organizations to Full-Day Forum

Schneider Downs will host an all-day Nonprofit Forum on Wednesday, August 12 at the Columbus State Workforce Development Center... read more >

Not-for-Profit Acquisitions to Become Clearer and More Comparable

On May 22, 2009, the Financial Accounting Standards Board (FASB) approved FASB Statement No. 164, Not-for-Profit Entities: Mergers and Acquisitions, (SFAS 164), for transactions occurring on or after December 15, 2009.... read more >

Do You Invest in Alternative Investments?

Audit

By Staci Brogan

FASB Staff Position, 157-G, if adopted, will provide clarity and additional guidance to organizations that invest in alternative investments.... read more >