Limited Liability Entities Considering Some Accounting Issues
While much of the accounting authoritative technical literature used in financial reporting by LLCs is the same literature used by other types of reporting entities, there is some literature including requirements uniquely-applicable in financial reporting by LLCs.
Published on October 12, 2011
Employee Stock Ownership Plans Unique Accounting and Reporting Issues for Employers
An employee stock ownership plan (ESOP) is a specific way to share ownership with employees and a way to provide tax benefits to the company, those who sell stock to the ESOP, and employees. Employers’ accounting for ESOPs is governed by FASB Accounting Standards Codification (FASB ASC) Topic 718, Compensation—Stock
Published on July 16, 2014
FASB Issues SFAS No. 162 The GAAP Hierarchy
In May 2008, the FASB released SFAS No. 162, entitled The Hierarchy of Generally Accepted Accounting Principles.
Published on May 28, 2008
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