News

Companies should continue their work to implement the new revenue recognition standard despite the potential that the Financial Accounting Standards Board may defer its effective date, experts said Wednesday at the AICPA Conference on Current SEC and PCAOB Developments.

Republican and Democratic leaders in Congress have reached agreement on a $1.01 trillion spending bill that would end the threat of a U.S. government shutdown. A stopgap measure to continue funding for a brief period will be introduced to give […]

A large number of companies will miss their corporate earnings targets if Congress doesn’t retroactively reinstate more than 50 expired tax breaks. CFOs are baking in the assumption that the tax breaks will be extended when they make their forecasts […]

As the demands on CFOs grow, it’s helpful to think about how finance chiefs should approach their strategic role. Deloitte sees four roles for CFOs engaging in company strategy.

The U.S. Labor Department reported that 321,000 jobs were created in November, beating the 230,000 jobs that economists predicted. The unemployment rate stayed at 5.8%.

The House voted 378-46 to bring back more than 50 expired tax breaks for companies and individuals for 2014. Most supporters say they aren’t happy with the measure but believe that it is better than doing nothing.

Senate Majority Leader Harry Reid, D-Nev., caught observers off guard by supporting a compromise spending plan offered by House Majority Leader John Boehner, R-Ohio, intended to avert a U.S. government shutdown. The proposal would fund the government through September.

Manufacturing growth was nearly unchanged in the U.S. last month, while Germany, China, France and Italy experienced unexpected contractions. The Institute for Supply Management’s index was 58.7 in November, essentially unchanged from October, and remains at one of the highest […]

Up to 1.2 million additional consumers may qualify for mortgage loans under standards that go into effect today. Earlier this year, Fannie Mae and Freddie Mac softened their repurchase standards, triggering a domino effect in the industry. Borrowers should immediately […]