| BNA to Launch Product That Provides In-depth Analysis and Insight
Into Application of Accounting Rules and Standards
for the Financial Community
Contact:
Press Information: 202.530.1728
Subscription Information: 800.372.1033
Washington, D.C. (September 5, 2006) – On Sept. 5, 2006, BNA launched its new Accounting Policy & Practice Series to the accounting, legal and financial professions. The series provides subscribers with a new dimension of objective and insightful guidance into decision-making in a post-Sarbanes-Oxley environment.
“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 ramifications of choosing those options,” said Darren McKewen, Group Publisher for BNA Tax & Accounting. “With the new series, BNA furnishes an independent perspective that is unavailable elsewhere in the same depth, breadth, and quality."
The Accounting Policy & Practice Series offers 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 includes three components, consisting primarily of an ongoing, continually expanding series of Portfolios, but also includes a bi-weekly topical publication together with "special reports" on a variety of different, but currently pertinent, accounting subjects.
The portfolios -- the culmination of five years of effort -- 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, has been transferred to this new accounting series, to the great benefit of its users.
“The Accounting Policy & Practice Series is an unmatched asset to the financial accounting community because it does more than simply reiterate rules and standards,” added McKewen. “We provide detailed information and in-depth analysis, along with specific examples and accounting illustrations that can be applied to decision-making.”
The portfolios 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.
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BNA is the foremost publisher of print and electronic news, analysis, and reference products, providing intensive coverage of legal and regulatory developments for professionals in business and government. BNA is the oldest wholly employee-owned company in the United States, and produces more than 200 news and information services — including Daily Labor Report and Daily Tax Report — widely respected for comprehensive and objective reporting and analysis. www.bna.com
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