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Announcements

  • Want to Make Your Monthly Financial Close Process more Efficient?

    Don't miss this 60-minute CLN, Improving the Timeliness & Efficiency of Monthly Financial Close Process on April 27, 2021, 2:00 PM ET.  Attendees will learn to identify time-saving and stress-saving processes for month ending closings. 

  • Did you miss that CLN you really wanted to attend?

    Don't worry -- Just catch it on the replay. Members can view all CLNs on demand. Log-in at the NSAC website and click on "CLN Recordings" under the "Connect" Tab.  

Happenings

  • Posted in: All-Member Community

    The Financial Accounting Standards Board released an accounting standards update that gives private companies and nonprofits an accounting alternative to decrease the complexity of performing a goodwill triggering event evaluation. Under current U.S. GAAP, goodwill needs to be tested for impairment ...

  • Posted in: All-Member Community

    The IRS released guidance explaining when the temporary 100% deduction for restaurant meals is available and when the 50% limitation on the deduction for food and beverages continues to apply for Sec. 274 purposes ( Notice 2021-25 ). Under Sec. 274(n)(1), a deduction for any expense for food or beverages ...

  • Posted in: All-Member Community

    Change and uncertainty are a feature of our world alongside innovations in our fast-changing economy. Investments in new business models and intangible assets — such as brands, technology and customer relationships — are increasingly key to driving value creation as companies research new technologies, ...

  • Posted in: All-Member Community

    In addition to the serious public health threat it poses, the COVID-19 pandemic has affected the current and future financial performance of many entities, with its impact showing on both projections of future cash flows and estimated earnings. As a result, goodwill impairment has been an area of increased ...

  • Posted in: All-Member Community

    Goodwill impairments recorded by public companies declined in 2019, but the COVID-19 pandemic appears to have caused it to spike in 2020, based on early reports. A study released Wednesday by Duff & Phelps examined the trends in goodwill impairment of over 8,800 public companies and found that ...