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New Multiemployer Pension Plan Disclosures Become Standard

Posted 12:00 PM by
In September 2011, the Financial Accounting Standards Board (FASB) issued Accounting Standard Updated No. 2011-09, “Compensation – Retirement Benefits – Multiemployer Plans (Subtopic 715-80): Disclosures about an Employer’s Participation in a Multiemployer Plan.
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Healthcare Costs Hurt U.S. Manufacturers Globally

Posted 8:54 PM by
U.S. manufacturers face a steep hill to be competitive globally according to a recent report by The Manufacturers Alliances/MAPI and the Manufacturing Institute. The report, titled "The 2011 Structural Costs of Manufacturing in the United States," states that U.S. manufacturers are paying approx. 20% more in costs than nine of its largest competitors in the world.
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GDP in Indiana is Driven by Manufacturing Sector

Posted 4:22 PM by
A study by the Bureau of Economic Analysis showed the growth in Indiana's 2010 GDP was driven by growth in the manufacturing sector.  According to the study, Indiana was able to increase real GDP by 4.6% in 2010.
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Growth Forcast Lowered by Top Economists

Posted 7:13 PM by
The Associated Press (9/13, Crutsinger) reports, "In their latest forecast, top economists with the National Association for Business Economics predict that the economy will grow 1.7 percent this year -- down from the group's May prediction of 2.8 percent expansion," while, "for 2012, the group is forecasting growth of 2.3 percent, compared to a May forecast of 3.2 percent growth."
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Retired Boomers Could Create a Shortage for Manufacturers

Posted 4:41 PM by
A recent article from AccountingWeb reported concerning results from a recent survey commissioned by Advanced Technology Services, Inc. (ATS) and was conducted by The Nielsen Company. The survey confirmed the concerns of many in the manufacturing industry of the shortage in skilled workers that will be created as Baby Boomers retire.
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Financial Accounting Foundation Proposes on Private Company Reporting

Posted 12:00 PM by
The Financial Accounting Foundation (FAF) released a proposal for private company accounting standards October 4, 2011. The proposal from the FAF does not create a new standard-setting body as recommended by the Blue Ribbon Panel. Instead, the proposal creates a council that would include between 11 and 15 members who would be appointed by the FAF and would remain under the authority of the Financial Accounting Standards Board (FASB).
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Trucking Owners Business Roundtable Highlights

Posted 3:27 PM by
In their presentation to attendees, Tim Wiseman, Jack Finklea, Todd Metzger and Greg Ostendorf of Scopelitis provided a Transportation Law Update; and Jason Miller, Mark Flinchum and Donna Niesen of KSM provided Accounting, Tax, and State and Local Tax Updates.
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