On September 5, 2006, BNA, the largest independent publisher of nonpartisan news and information in Washington, D.C., will launch its new Accounting Policy & Practice Series, providing subscribers in the accounting, legal and financial professions with a new dimension of objective and insightful guidance into decision-making in the post-Sarbanes-Oxley (SOX) environment.
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“A constant stream of standards and rules from the Financial Accounting Standards Board (FASB), Public Company Accounting Oversight Board (PCAOB) and similar organizations makes it difficult for the accounting community to know its accounting options and the ramification of choosing those options,” said Darren McKewen, Group Publisher for BNA Tax & Accounting. “With the new series, BNA will furnish an independent perspective that is unavailable elsewhere in the same depth, breadth, and quality.”
The Accounting Policy & Practice Series will offer its users insights and clarity on complex accounting rules, confidence in day-to-day reporting decisions, awareness of available financial options, methodologies for defending decisions to internal and external auditors and expert perspectives on trends and issues. It will include three components, consisting primarily of an ongoing, continually expanding series of Portfolios, but will also include a bi-weekly topical publication, together with "special reports" on a variety of different but currently pertinent, accounting subjects.
The portfolios are the culmination of 5 years of effort and build on BNA’s long-standing reputation as "America's Tax Authority". The company's portfolio analysis is universally respected for detailed guidance on matters related to highly complex tax issues. That analytic approach, with its depth of quality and constant updating of developments, will be transferred to this new accounting series, to the great benefit of its users.
The portfolios will examine critical and timely accounting issues, such as fundamental principles of revenue recognition, cash-flow statements, segment reporting, accounting for not-for-profit organizations, audit committee oversight effectiveness post Sarbanes-Oxley Act, preparing for and defending accounting liability litigation, and accounting for long-term contracts.
“The Accounting Policy & Practice Series will be an unmatched asset to the financial accounting community because it does more than simply reiterate rules and standards,” McKewen added. “We provide detailed information and in-depth analysis, along with specific examples and accounting illustrations, that can be applied to decision-making."
A free trial of the Accounting Practice & Portfolio Series is available by calling 800-372-1033 or online at http://www.bna.com/trials entering priority code tmap168m.