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Home   Join   Members   Resources   Events   Foundation Dec. 13, 2011
 
 
 

Study: Women a century away from breaking California glass ceiling
Los Angeles Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Women business executives in California hoping to reach parity with their male counterparts may have to wait awhile — say, a century, according to University of California-Davis. Women are a long way from cracking the state's glass ceiling, since the percentage of female leaders at the 400 largest public companies headquartered in California — which together represent nearly $3 trillion in shareholder value — is growing just 0.2 percent a year, according to a new report. More

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ELFA: Proposed lease accounting changes could erode US economy
Progressive Railroading    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A proposal by the Financial Accounting Standards Board and International Accounting Standards Board to change how leases are accounted for on corporate balance sheets could have a widespread, detrimental impact on the U.S. economy, according to a new study cited by the Equipment Leasing and Finance Association. The accounting changes could trigger a $10 billion reduction in Gross Domestic Product and mean 60,000 fewer jobs by 2016, the study found. More

FASB, IASB chiefs agree new convergence model is needed
Journal of Accountancy    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The heads of the U.S. and international accounting boards that have been working to resolve standards differences agree that their current convergence process should be replaced by one that is more manageable and effective. FASB Chair Leslie Seidman said FASB would like to work with the IASB to complete the current priority convergence projects on revenue recognition, leasing, financial instruments and insurance. But she said indefinite convergence is not a viable option, politically or practically. More

Intacct adds mobile and tablet support
Accounting Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Intacct introduced Intacct Fall 2011, the latest release of its cloud-based financial management and accounting system, which includes a services resource planning system, new user interface, mobile and tablet support and a new marketplace for partner applications. More

New report to measure impact of women's volunteerism on career
Accounting Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Next year's report from the Accounting MOVE Project aims to track the effect of community service on women's career advancements. Co-sponsored by the American Society of Women Accountants and the American Woman's Society of Certified Public Accountants, the MOVE Project is a collection of accounting firms dedicated to the progression of women through firm leadership and building business. The project is soliciting firms to participate in this 2012 report, which follows previous surveys by concentrating on one dynamic of women's leadership growth. More

US states, cities face accounting push to disclose forecasts
Bloomberg Businessweek    Share    Share on FacebookTwitterShare on LinkedinE-mail article
U.S. accounting regulators want state and local governments to put financial projections in their annual reports, a shift they say would give investors a more accurate picture of the fiscal pressure facing municipalities. More

Women CEOs say debt uncertainty and regulation hurt job growth
Bloomberg Businessweek    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Women business leaders meeting with Republican lawmakers said tax burdens, duplicative government rules, an unskilled workforce and congressional deadlock on the deficit are hurting job creation and the economy. More

The quiet wisdom of saving
Forbes    Share    Share on FacebookTwitterShare on LinkedinE-mail article
With so many personal finance books, magazines, shows and blogs presenting information, we women should feel confident in the knowledge that our finances are in order, right? However, because there is so much financial information out there, it can be overwhelming, and sadly, cut off from the process of life and living. More

Time to test-drive the revenue recognition proposal
Journal of Accountancy    Share    Share on FacebookTwitterShare on LinkedinE-mail article
GE's global technical controller said a new standard on revenue is close enough to reality that he is instructing business managers to keep the likely new regulations in mind as they draw up contracts. "To the extent you're entering into five-, 10-, 15-year contracts today, you really need to think about how they're going to be affected by the standard, because it looks like it's fairly imminent," the controller, Russell Hodge, said. More
 
 


ASWA News Brief
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Disclaimer: The articles that appear in ASWA News Brief are chosen from a variety of sources to reflect media coverage of financial and accounting professions, and business issues. An article's inclusion in ASWA News Brief does not imply that the American Society of Women Accountants endorses, supports, or verifies its contents or expressed opinions. Factual errors are the responsibility of the listed publication.

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