FYI


  The Financial Accounting Foundation announced the appointment of Carol A. Kraus, CPA, to represent the National Association of State Budget Officers on the Governmental Accounting Standards Advisory Council. GASAC serves as an advisory group to GASB, the body responsible for establishing and improving financial accounting and reporting standards for state and local governments. Kraus is an associate director in the Illinois governor’s Office of Management and Budget.

FEATURE

Maximizing the higher education tax credits

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

SPONSORED REPORT

Solving the lease accounting challenge

The challenges of the new lease accounting standard have been pervasive to say the least. In this free, independently-written report, you'll learn effective adoption strategies as well as resources for easing the transition to the new standard.