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FASB Issues Standard That Clarifies Accounting Guidance Related to Profits Interest Awards

March 21, 2024 The Financial Accounting Standards Board (FASB) today published an Accounting Standards Update (ASU) that improves generally accepted accounting principles (GAAP) by adding illustrative guidance to help entities determine whether profits interest and similar awards should be accounted for as share-based payment arrangements within the scope of Topic 718, Compensation—Stock Compensation.

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Meet the Chapter President: Gina Heupel, CPA

March 15, 2024 Although TSCPA Upper Cumberland Chapter President Gina Heupel, CPA, says she chose to become a CPA “to use my love of numbers and accounting principles to help others in business,” she says mentoring the next generation of CPAs has turned into one of her favorite aspects of her job.

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Legislative Update

March 15, 2024 On Jan. 9, the members of the 113th Tennessee General Assembly returned to the Capitol, and TSCPA’s lobbying team immediately began reviewing proposed legislation, meeting with members and planning for session.

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