The buying power of Social Security benefits has fallen 34% since 2000, while retiree expenses have increased 96.3%, a Senior Citizens League report says.
In a decision with enormous implications for state sales-and-use-tax collection and out-of-state retailers, the US Supreme Court has overruled its 1992 decision requiring out-of-state businesses to have a physical presence in a state before the state can require them to collect sales tax from customers in that state.
The Financial Accounting Standards Board has released an Accounting Standards Update to help organizations determine whether a contribution of cash or other assets is accounted for as a contribution or an exchange. The ASU seeks to simplify accounting for grants and similar contracts awarded by governments to not-for-profits.
McDade is senior vice president and treasurer.
Emotional intelligence, or EQ, trumps IQ every time, writes Jim Pelletier, IIA vice president of professional and stakeholder relations. "For internal auditors, who often find themselves in challenging interpersonal situations, emotional intelligence is critical to success," he adds.
The Financial Accounting Standards Board has issued an Accounting Standards Update to improve the accounting for and to reduce the cost and complexity of share-based payments to nonemployees for goods and services. The ASU expands the scope of FASB Accounting Standards Codification Topic 718, Compensation -- Stock Compensation, which covers only share-based payments to employees.
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