FYI


President Barack Obama nominated Joshua Gotbaum to become PBGC director. If the nomination is approved, Gotbaum would replace Acting Director Vince Snowbarger.

 

Gotbaum, currently an operating partner at Blue Wolf Capital, has for three decades helped manage and advise public, private and nonprofit institutions. In 2001, he was the first CEO of The September 11th Fund, a charity with more than $500 million in assets whose grants helped more than 100,000 people affected by the attacks. During the Clinton administration, he was executive associate director and controller in the Office of Management and Budget; assistant secretary of Treasury for Economic Policy; and assistant secretary of Defense. During the Carter administration, Gotbaum served on the White House staff and in the Department of Energy.

SPONSORED REPORT

Revenue recognition: A complex effort

Implementing the new standard requires careful judgment. Learn how to make significant accounting judgments and document them and collaborate with peers for consistent application.

VIDEO

How to Excel pivot a general ledger

The general ledger is a vast historical data archive of your company's financial activities, including revenue, expenses, adjustments, and account balances. J. Carlton Collins, CPA, shows how to prepare data for, and mine data with, PivotTables.

QUIZ

News quiz: Taking an economic snapshot and looking to the future

Recent news included IRS actions that affect individuals and partnerships and a possibly influential move by a Big Four accounting firm.Take this short quiz to see how much you know about the news.