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  • FASB to Issue Exposure Draft on Deferral of Certain Quantitative Fair Value Measurement Disclosure Requirements for Private Company Employer Equity Securities Held by Employee Benefit Plans

    At its April 10, 2013 board meeting, the FASB decided to issue an exposure draft (“ED”) that would grant to nonpublic employee benefit plans holding private company employer equity securities an indefinite deferral to comply with the requirement to disclose quantitative information regarding the significant unobservable inputs used in determining the fair value measurement for those investments categorized within Level 3 of the fair value hierarchy, per Topic 820 paragraph 820-20-10-50-2(bbb) as amended by ASU 2011-04. Without such a deferral, the requirements of ASU 2011-04 would become effective for plans years beginning after December 15, 2011. The remaining provisions of ASU 2011-04 would be unaffected, including the qualitative disclosure requirements also included in paragraph 820-20-10-50-2(bbb). The Board plans to issue the ED by May 1, 2013, with a 30 day comment period.



  • Significant Accounting & Reporting Matters First Quarter 2013

    Included in this article: Financial Accounting Standards Board (FASB), Final FASB Guidance, Proposed FASB Guidance, Other Activities; Public Company Accounting Oversight Board (PCAOB), Final and Proposed PCAOB Guidance, Other Activities; Securities Exchange Commission (SEC), Final SEC Guidance, Proposed SEC Guidance, Other Activities; International Accounting Standards Board (IASB), Final IASB Guidance, Proposed IASB Guidance, Other Activities; Effective Dates of U.S. Accounting Pronouncements


  • Significant Accounting & Reporting Matters Fourth Quarter 2012

    Included in this article: Financial Accounting Standards Board (FASB), Final FASB Guidance, Proposed FASB Guidance, Other Activities;  Effective Dates of U.S. Accounting Pronouncements


  • Significant Accounting & Reporting Matters Third Quarter 2012

    Included in this article: Financial Accounting Standards Board (FASB), Final FASB Guidance, Proposed FASB Guidance, Other Activities; Public Company Accounting Oversight Board (PCAOB), Final PCAOB Guidance, Proposed PCAOB Guidance; Securities Exchange Commission (SEC), Final SEC Guidance, Proposed SEC Guidance, Other Activities; International Accounting Standards Board (IASB), Final IASB Guidance, Proposed IASB Guidance, Other Activities; Effective Dates of U.S. Accounting Pronouncements


  • Significant Accounting & Reporting Matters Second Quarter 2012

    Included in this article: Financial Accounting Standards Board (FASB), Final FASB Guidance, Proposed FASB Guidance, Other Activities; Public Company Accounting Oversight Board (PCAOB), Final PCAOB Guidance, Proposed PCAOB Guidance; Securities Exchange Commission (SEC), Final Rules, Proposed Rules, Other Activities; International Accounting Standards Board (IASB), Final IASB Guidance, Proposed IASB Guidance, Other Activities; Effective Dates of U.S. Accounting Pronouncements


  • Significant Accounting & Reporting Matters First Quarter 2012

    Included in this article: Financial Accounting Standards Board (FASB), Final FASB Guidance, Proposed FASB Guidance, Other Activities; Public Company Accounting Oversight Board, Proposed PCAOB Guidance; Securities Exchange Commission (SEC), Final Rules, Proposed Rules, Other Activities; International Accounting Standards Board (IASB), Final IASB Guidance, Proposed IASB Guidance, Other Activities; Effective Dates of U.S. Accounting Pronouncements


  • One Stop Shop

    HbK Sorce

    Taxes and investments go hand in hand. HbK is the trusted advisor to many for their accounting needs and with that, through HBKS Wealth Advisors, we provide financial services as well. You can find out more about HBKS Wealth Advisors offerings by visiting their web site here www.hbkswealth.com.



  • Too Many Choices?

    Software

    Small businesses have plenty of choices when it comes to accounting software.  While many can be purchased for only a few hundred dollars, making the wrong choice of software can end up costing many times that in the end.  HbK can help you in selecting the right software for your business, contact This e-mail address is being protected from spambots. You need JavaScript enabled to view it   to find out more.



  • Career Starts Here

    Career

    If you want to know what a career in public accounting is like, there is nothing like a tax season internship to get initiated. HbK hired 27 interns last year to help service our clients and we are always looking to fill these future spots. See the Internship Program page for more information.