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New accounting rules on revenue recognition

Thursday, 29th May 2014 INDUSTRY From 2017 investors will be able to compare more easily how much companies from all parts of the world earn, under the first common global revenue rule. The FASB and IASB have published a joint standard on how companies report revenue from contracts with customers. The amount of revenue recognised

Supreme Court to hear Maryland v. Wynne tax case

Wednesday, 28th May 2014 TAX The Supreme Court announced yesterday it will hear Maryland v. Wynne, a case that reportedly could result in the revision of tax laws across the country. The case is based on the extent to which a state may tax income earned by a resident in another state; at present Maryland