U.S.-Based Multinationals Reporting Under IFRS Struggle With Classification of Equities, Liabilities The International Accounting Standards Board agreed with respondents from its public consultation (a study that reached out to industry professionals at all levels in more than 80 countries in 2011) that it needs to better clarify definitions of assets and liabilities for debt instruments, CFO.com reports. T ...

An Interview with Jeremy Levine, a Partner at Bessemer Venture Partners As the new year begins, the Wall Street Journal's Venture Capital Dispatch — which focuses largely on high-tech start-ups and their investors — has asked several venture capital investors to reflect on the past year and give us their outlook for 2013.  Recently, it spoke with Jeremy Levine, a partner at Bessemer Venture Partners. Levine ...

IFRS Foundation Trustee: Don’t Wave White Flag on Cooperation Global accounting standard setters acknowledge that completion of the convergence projects is unlikely to happen in the near term, but progress can still be made to closely align International Financial Reporting Standards and U.S. GAAP, the Journal of Accountancy reports.   Here's more: ...

A Dozen Categories.  Some Categories Alone Encompassing Up to 20 New Taxes.  Here's the Detail.  The American Taxpayer Relief Act, passed by Congress on Jan. 1, permanently extends a large number of tax items from the 2001 and 2003 tax acts and extends many expired tax provisions. Here is a comprehensive look at the many changes contained in the bill, as well as other new taxes that took effect Jan. 1. Paul ...

Extra Help for Puerto Rican Rum, Asparagus Farmers,  Hollywood TV Production, 2-3 Wheeled Electric Vehicles, and Diesel Fuel Joe Weisenthal at Business Insider  gives us the lowdown:  ...

Intent:  Not to Constrain Economic Growth Which Could Lead to Future Revenues David Lawder and Kim Dixon report that The Congressional Budget Office on Tuesday said Senate-passed legislation to avert the "fiscal cliff" would add nearly $4 trillion to federal deficits over a decade, largely because it would extend low tax rates for almost all Americans. ...

Economic Recovery, Intensified Competition, Squeezed Profit Margins, Upward Pressure on Salaries, Downward Pressure on Rates, and a Rush to the Cloud   Rick Telberg counts up the list of the top 20 most-clicked articles at CPA Trendlines provides a roadmap to the profession’s anxieties, aspirations and, just maybe, a glimpse into what 2013 holds: ...

There's good news and bad news.  Here's the low-down.   Dean Zerbe offers his take at Forbes on how the current deal will affect small-business owners: ...

Ambitious plans to overhaul the individual tax code, tackle corporate rates, revamp the Medicare program and consider changes in Social Security appear to have given way mainly to a tax increases for big earners Jennifer Steinhauer of the New York Times reports that "doing business in pieces" seems to be :the nature of what constitutes progress in such a sharply divided political world."  More: ...

Health Costs on His Mind, Small Factory Owner Looks for Ways to Cope With New Law Emily Maltby and Sarah E. Needleman at The Wall Street Journal talk with a small business owner outside of Chicago who's considering ways to manage growth, preserve profit, and comply with the new healthcare law. Automation Systems, with with sales of about $1.6 million for 2012, currently employs 40 full-time workers, mostly ...

CEO's Message—Fourth Quarter 2012 Parnell BlackMBA, CPA, CVA, Chief Executive Officer             Brien K. JonesAccepts Promotion to: Executive Vice President of Business Development   Here's to a Bright Future NACVA headquarters (HQ) is always moving and shaking, but seldom, if ever, do I talk with you about the details of our inner workings. It is not because I fear boring you, because HQ is truly an ...

Spotlight On Payment Reform, Alternative Care Models, and Physician Employment Agreements Debra Beaulieu at Fierce Practice Management  weighs in with Top 10 Physician Practice Trends to watch in 2013, a year that will not only be a watershed for the U.S. healthcare system, but, for many physician practices, a pivotal one professionally—where the' ability to adapt and evolve may make the difference for many ...

Find Fulfillment, Get Productive, And Create Healthy Habits  Drake Baer at Fast Company weighs in with his choice of Top 2012 titles, asserting that "these 12 books have shaped not only the way we work this year, but how we think and the conversations we're having. Authored by luminaries like Nate Silver, Clay Christensen, and Susan Cain, these delightful-to-read tomes offer insight into the power of vulner ...

Barnes & Noble’s Missing $500 Million; A Discrepancy Between Physical and Digital Property Values Tom Gara reports at The Wall Street Journal Corporate Intelligence blog that "UK-based publisher Pearson bought into Barnes & Noble's Nook Media digital business today [12/28/12], buying a 5% stake in the e-book company for $89.5 million and valuing the whole business at just under $1.8 billion. ...

Focus is Key to Successful Valuation, Time Management, and Business Growth. Here’s How to Size Up a Project. Rand Curtiss shares insight on queries that allow appraisers to drill down quickly and determine the proper approach and charge for work. What’s the primary goal of the appraisal? Was the last historical year typical—and are there any major atypical facts or circumstances? Find out if the company is ...

Credibility is the Critical Driver of Value for an Expert. Stay on Top With These Best Practices. John Marcus provides guidelines successful expert witnesses abide by: Trust no one, read everything, spend more time thinking and less time computing, and be true to yourself. Here’s why these best practices matter. ...

New IBA Market Database Tools Empower Valuators to Provide More Concise and Accurate Results: Here’s How. The IBA Market Database includes close to 40,000 comparables, a valuation analyzer, and lots more. Paul French’s review, from the National Litigation Consultants’ Review (NLCR), explains the depth of data now available on the web, and explains how to leverage this exciting new tool. ...

To Close Deals, Find the Best Buyer, and Clearly Demonstrate Value Company owners planning to sell need to convince buyers that the premium they’re asking for is legitimate, necessary, and justified. Ron Stacey offers tips on how to validate value to potential buyers. ...

Uncertain How to Assess the Legitimacy of Price Multiples? Here Are Some Tips! Rand Curtiss explains how to used reasoned judgment, statistical techniques, and comparative analysis to defensibly develop and support pricing multiples in an appraisal. ...

Valuation Experts Need to Be an Integral Part of Every Business Owners’ Initial Plan. Herbert Kalman explains why business owners need to begin thinking about an eventual exit from their very beginning plans. Here’s solid advice on the value and structure of buy-sell agreements, formal business planning, annual valuations, networking, and other planning essentials. ...