With Apple announcing the release of OS X Yosemite coming some time this fall, here are 5 things you need to know. Spotlight Spotlight searches will now display information from Wikipedia, Bing, news, Maps, movies, and more.  This will make searching much easier, all from one place, instead of having to open Safari and searching..

  With Apple previewing iOS 8, there are a bunch of new features that users will find extremely useful.  Here are 5 new iOS 8 features that we learned from Monday’s keynote. Battery Usage Indicator One of the most common complaints about the iPhone is the battery drains too fast.  Besides closing unused apps and..

In the last installment of our 5 part new FASB series, I’ll outline the new procedures for balance sheet offsetting, revenue recognition, comprehensive income and multiemployer pension plans. Once again, I want to congratulate you on making it through the arduous task of reading about these changes—and don’t worry, if your eyes glazed over or..

Part Four starts off with a little summary on the impairment changes, goes through the lessor accounting model and ends with a brief outline on insurance contracts. During their discussions, FASB and IASB came up with a “three bucket” expected loss approach for impairment of financial assets. They are as follows: Bucket 1 holds assets..

You’ve made it this far, so I’m not going to bore you with any more quips about FASB or their new regulations—it’s already boring enough. Onto business, then. Lessees will use the incremental borrowing rates at the lease commencement to calculate the amount capitalized. Leases with interim funding will have deferred and amortized earnings on..