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Kristin A. Jacquelin, CPA
Sep 14, 2018

One of the most frustrating internal control processes for accountants and auditors alike is the dreaded company credit card and employee expense reimbursements.  You might be thinking, let’s just switch to per diem and the administrative headache all goes away.  I’m sorry to say, however, that it is not always the case.  So, which is better – per diem or accountable plans?  As in life, as in accounting … it depends!

Per Diem

Lila Leno
Aug 23, 2018

On June 21, 2018, the Financial Accounting Standards Board (FASB) has issued accounting standards update (ASU) No. 2018-08, Not-for-Profit Entities (Topic 958): Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made, that clarifies and improves the scope and accounting guidance around contributions of cash and other assets received and made by not-for-profit organizations (NFPs) and business enterprises.

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