Technology


TECHNOLOGY

XBRL.org, an electronic financial reporting advocacy group, releases for comment a draft version of “XBRL for General Ledger.” The proposed extensible business reporting language specification, which is expected to be available for use in September, is compatible with international accounting standards and simplifies the process of moving data into and out of accounting systems ( www.xbrl.org/News.htm ).

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A new line of business to consider

Technology assessments may open the door to new engagement opportunities for your firm. What is a technology assessment? How do you perform one? JofA Tech Q&A author J. Carlton Collins shows you in a detailed explanation.

FEATURE

Maximizing the higher education tax credits

A counterintuitive strategy can save taxes by including otherwise excludable scholarships in gross income.