Submitted by Adrienne Gonzalez, republished from Going Concern, Accounting News for Accountants and CFOs.

If we still care about financial reform, we should especially care about proposed changes to the Government Accounting Standards Board because, let's face it, government accounting could really use a helping hand. Were government pensions forced to use the same reporting rules as every other pension, a $3 trillion hole would open up and we would see immediately that rules in desperate need of repair have remained broken because the current system allows the truth to be buried in the footnotes.

At the risk of setting off a corporate war between the sexes, I feel compelled to report the findings of a new study that shows women are more trustworthy than men in reporting companies' financial results.

Come to think of it, the findings are in line with the general impression I've gotten that the distaff sex is better than its counterpart at financial regulation.

Submitted by Caleb Newquist, republished from Going Concern, Accounting News for Accountants and CFOs.

While the IFRS v. U.S. GAAP rages (or stalls), a far simpler (yet no less important) decision with regard to accounting methods is considered by many small businesses every year.

The cash versus accrual decision is one that all businesses have to make, but an especially important one for small businesses. And depending on an entrepreneur's familiarity with the issue, this could be a very simple decision or a "HELP!" moment.