CPA Practice

JULY 16, 2024

Accounting is no exception. While some pundits say accounting has a dim future in the digital world of tomorrow, technologies such as cloud-based data management, process automation and advanced analytics are actually poised to further elevate accountants in new and empowering ways. Go to Part II of this two-part series.]

Technology 124

Technology accounting firms accountant Account 124

CPA Practice

AUGUST 23, 2023

As a result, nonprofits should seek a partner who can provide the people, process and software needed to handle the organization’s finances – allowing leadership to focus on strategy. Without the help of a third-party partner handling their finances, it is easy for nonprofit executives to get swept up in day-to-day operations instead.

accountant 98

accountant Account accounted accounting and finance 98

Going Concern

JANUARY 23, 2023

Brazilian retailer and PwC client Americanas filed for bankruptcy, its three largest shareholders said over the weekend they had not known of $4 billion in accounting inconsistencies. “We didn’t know of and would never allow any accounting manipulation in the company”, they said in a statement.

public accounting 116

public accounting accountant Account accounted 116

Going Concern

SEPTEMBER 22, 2023

Here we are again talking about the accountant shortage. Mark Maurer at Wall Street Journal wrote today about a young man named Omer Khokhar who realized after six years in accounting that he was done. The article title: “Job Security Isn’t Enough to Keep Many Accountants From Quitting.” ” Ruh-oh.

accountant 116

accountant Account accounted CPA 116

PYMNTS

JUNE 23, 2020

Hours after Wirecard AG’s former CEO was arrested, German Finance Minister Olaf Scholz said lawmakers must tighten regulations because the payment services company has embarrassed the nation’s financial watchdog, Reuters reported. . “It billion) were missing from two bank accounts that he claimed were deposited in banks in the Philippines.

Finance 88

Finance auditor accounting and finance audit 88

Cherry Bekaert

AUGUST 10, 2023

How to Nearshore Your Supply Chain While Capturing Financial Gains and Avoiding Tax Pitfalls Modern supply chains have grown increasingly layered as they account for separate continental end markets, manufacturing facilities and scarce raw materials spread across multiple geographies.

Finance 98

Finance Tax Manufacturing Legal 98

Cherry Bekaert

AUGUST 31, 2023

Contributors: Jack McKee, Manager, Government & Public Sector With staffing challenges and exceedingly more complex Government Accounting Standards Board (GASB) requirements , many government and public sector organizations are finding it difficult to focus on their core mission and deliver results for constituents.

Government 98

Government accountant Account accounted 98

Going Concern

JANUARY 25, 2023

When Thomson Reuters reported late last year that the Financial Accounting Standards Board (FASB) had proposed an eighth round of changes to lease accounting rules 1 , accounting and finance execs around the country channeled their inner Charlie Browns with a collective, “Good grief!”

accountant 105

accountant Account accounted Real Estate 105

PYMNTS

JUNE 24, 2020

The accounting world was as caught off-guard and unprepared as most other industries when COVID-19 came to town. One fact has clearly surfaced in the interval between pandemic lockdowns and phased reopenings, and it’s this: accounts payable (AP) can’t cut it manually anymore. The Last Days of Paper? Businesses took 8.6

AP Automation 95

AP Automation Technology accountant Account 95

BuildYourFirm

APRIL 28, 2020

For twenty consecutive years, Allan has been named by Accounting Today as one of the Top 100 Most Influential People in the accounting profession. In 2019, he was recognized as the “Third Most Influential” in the profession. In 2016 CPA Practice Advisor inducted Allan into the Accounting Hall of Fame.

Wisconsin 168

Wisconsin cpas CPA accounting degree 168

CPA Practice

APRIL 4, 2024

The charges identified Kroger as a professor of business and accounting, but does not specify where. According to the indictment, Kroger and a business partner identified only as “Individual A” set up a Wyoming-based company called Lone Star Municipal Finance Company LLC in October 2019.

Real Estate 74

Real Estate accountant Account accounted 74

Going Concern

MARCH 13, 2023

Bloomberg also reported on Saturday that Leerink and his team are seeking help to finance a potential management buyout of the business, as told to Bloomberg by a source that did not want to be identified. ” So while it’s not directly in the eye of the shitstorm, it is part of the same landfill as the bank’s dumpster fire.

accountant 105

accountant Account accounted auditor 105

PYMNTS

MAY 5, 2020

The company has brought in more than $50 million in financing for small companies throughout the country since 2013 by “breaking down the barriers of traditional banking,” according to an announcement. The business owner may borrow from friends or family or obtain merchant cash advances, which come at a price.”

Finance 63

Finance accounting and finance Start-ups Retail 63

Going Concern

FEBRUARY 10, 2023

Talent As tax season approaches, accounting firms are short on staff [ Marketplace ] Oh hey! How can employers optimise working environments to support the needs of their accountancy teams and ultimately retain them, all while adding value to their organisation? The stablecoin firm released BDO’s assurance opinion on Feb. 31, 2022.

Florida 105

Florida Tax North Dakota accountant 105

Going Concern

JUNE 24, 2024

It’s Monday, June 24, 2024 and this is your news in and around the accounting profession. Raconteur profiled OnlyFans CFO Lee Taylor : It was the desire to hold “an influential position at an interesting company” that led Lee Taylor to accept a job as chief financial officer at OnlyFans back in 2019. Good morning!

accountant 98

accountant Account accounted audit 98

Going Concern

FEBRUARY 13, 2023

In 2019-20, the British government spent nearly £1bn on strategy and other consultants — to the despair of some MPs. Mazzucato and Collington also widen their critique to include the Big Four accounting firms, such as Deloitte, and outsourcing companies, which carry out chunks of the state’s core functions. .” Here it is.

accountant 19

accountant Account accounted accounting and finance 19

CPA Practice

OCTOBER 22, 2024

Since 2019, Grant Thornton has teamed up with Workday , a leader in enterprise cloud applications for finance and human resources. Grant Thornton has also enhanced its Workday leadership team with the addition of Andrew (Drew) Houts, who joins the firm with nearly a decade of Workday ecosystem leadership experience.

accounting and finance 119

accounting and finance Healthcare Manufacturing payroll 119

Katz,Sapper&Miller

AUGUST 20, 2019

Katz, Sapper & Miller’s Justin Hayes, director in the firm’s Governmental Services Group, will present at the Central Indiana Chapter of the Association of Government Accountants’ 2019 Conference. Taking place on Sept.

Indiana 67

Indiana Government accountant Account 67

PYMNTS

APRIL 13, 2020

percent in 2019. At the same time, traditional lenders, like in many parts of the world, have struggled to fill the small business financing gap. Blockchain and smart contracts aren’t the silver bullet to combatting invoice financing friction, however. percent in 2018, to 59.5 Accelerating Cash Flow.

Finance 62

Finance Technology accounting and finance accounted 62

Cherry Bekaert

MAY 16, 2023

Authors: Kenneth Woodring , Senior Manager, Risk & Accounting Advisory Services , Graham Michitsch , Senior Manager, Risk & Accounting Advisory Services Congratulations to successfully completing your implementation of ASC 842 and IFRS 16 – Leases. Has the monitoring process been included in your internal control framework?

accountant 98

accountant Account accounted accounting and finance 98

Withum

AUGUST 2, 2024

According to a federal indictment and a guilty plea, Ippei Mizuhara, Shohei Ohtani’s interpreter, unlawfully transferred more than $16 million from Ohtani’s bank account at a bank in Arizona to pay his gambling debts to an illegal bookmaking operation. During the account setup, Mizuhara translated for Ohtani.

Gambling 105

Gambling Arizona accounting and finance bookkeeping 105

Accounting Insight

MAY 11, 2022

True cloud accounting software provider iplicit has today (11 May) launched its Automation Centre feature at Accountex. Enabling organisations to increase efficiency, reduce human error, eliminate manually intensive processes, the iplicit Automation Centre can save accounting and finance teams hundreds of hours every month.

accounting software 69

accounting software Technology accountant Account 69

CPA Practice

JANUARY 18, 2023

ICPAS serves an extraordinary community of more than 22,600 accounting and finance professionals in a variety of CPA and non-CPA roles positioned throughout the public accounting, corporate finance, not-for-profit, consulting, education, and government sectors. Focusing on the firsthand experience of Mary T.

Illinois 125

Illinois CPA Non-Profits cpas 125

Going Concern

JANUARY 4, 2024

FT ‘s Stephen Foley has written an opinion piece for, you guessed it, FT on the profession’s deadest of horses: the accountant shortage. ” Actually they use the words “came together” on the website but I refuse to use that phrase as I’m perpetually 15 years old.

accounting and finance 114

accounting and finance public accounting Finance accounted 114

Accounting Insight

MAY 26, 2023

Cloud accounting business iplicit and global Software as a Service business Lightyear have joined forces to provide an accounts payable solution that can drastically cut the time and costs involved in the manual accounts payable process. The announcement was made ahead of the accountancy and finance conference Accountex London.

Accounts Payable Automation 72

Accounts Payable Automation Technology accounts payable accountant 72

CPA Practice

AUGUST 6, 2024

Brown Plus Welcomes Four New Team Members Leading accounting and advisory firm,Brown Plus, recently announced the hiring of four new team members: Michael Corona started with Brown Plus as an intern and is now an Audit Associate. He graduated from York College with a Bachelor’s degree in Accounting. Sikich Announces 2024 James A.

Pennsylvania 105

Pennsylvania Illinois accounting internships Ohio 105

Cherry Bekaert

OCTOBER 25, 2023

The Financial Accounting Standards Board (FASB) has issued Accounting Standard Update (ASU) 2023-03 through ASU 2023-06. However, three of the four ASUs pertain to SEC guidance contained in the Codification and there were no new standards issued by the Government Accounting Standards Board (GASB) this quarter.

financial statements 111

financial statements accounting and finance accounting standards Finance 111

CPA Practice

JANUARY 17, 2023

In the last few years there has been a shortage of critical skills with regards to the accounting profession and especially in the output of North American and European professionals with CPA, EA and CMA qualifications. This accounting qualification shortage has put a squeeze on firm owners who require individuals with these designations.

cma 126

cma CPA accounting and finance public accounting 126

Going Concern

DECEMBER 16, 2022

Leaders of the accounting powerhouse are talking to private-equity firms as they draw up plans for the sale of EY’s consulting arm, the people familiar with the matter said. Quiz: Test your remote audit knowledge [ Journal of Accountancy ]. Reports: BDO USA, LLP (6/20/2019 Report). Does it pay to be an accountant?

public accounting 98

public accounting accountant Account accounted 98

Accounting Today

FEBRUARY 26, 2024

One high point of the trial was the testimony of Oliver North, who said that in 2019 he pushed for an outside audit of the NRA's finances but longtime leader Wayne LaPierre refused.

audit 88

audit Finance Tax accountant 88

PYMNTS

JANUARY 25, 2019

Cleo’s recent report, the “ 2019 State of Ecosystem and Application Integration ,” found that organizations are feeling overwhelmed. Businesses unable to provide that customer onboarding and interaction experience are being forced to turn those customers away, he explained.

Finance 69

Finance Technology accounts payable B2B 69

Going Concern

OCTOBER 11, 2022

These businesses have their financial advisory needs served by hundreds of thousands of small firm accountants and CPAs nationwide. Small business has unique needs for accounting services: primarily tax and advising, and secondarily day-to-day accounting needs to act as de-facto controllers and decision makers.

Education 104

Education accountant Account accounted 104

ThomsonReuters

DECEMBER 19, 2020

Note that there is, in general, no limit on the amount of “business interest” and “floor plan financing interest expense” that can be deducted. The CARES Act makes the deduction limitation less restrictive for 2019 and 2020 in three ways. Taxpayers may elect not to apply the 50% limitation to either 2019 or 2020, if they choose.

Real Estate 105

Real Estate New York Tax accounting and finance 105

Going Concern

OCTOBER 10, 2024

In a post published on October 7th by Montclair State University titled “ Top 5 Reasons to Transition to an Accounting Career ” that can be best described as a thinly veiled advertisement for their Master’s program, the university explains “why making the leap into accounting might be the best move you ever make.”

accounting careers 72

accounting careers managerial accounting accountant Account 72

PYMNTS

JULY 22, 2020

Recent events have irrevocably changed the way finance departments operate, bringing to light glaring issues with the current processes. Paper checks — once dominant in all areas of commerce, now extinct for most consumers — have slowly lost ground, slipping to a meager, yet still surprising, 42 percent of all B2B payment types in 2019.

Accounts Payable Automation 60

Accounts Payable Automation accounts payable Technology AP Automation 60

PYMNTS

MARCH 15, 2019

Anxieties that automation will replace humans have waned in the accounting sector, as industry players begin to realize that technology can actually help accountants play a more important role for their small business (SMB) customers as advisors and guides, rather than replacing their roles outright. Tax reform in the U.S.

Tax 77

Tax South Dakota accountant Account 77

Accounting Insight

NOVEMBER 15, 2024

iplicit named 40th fastest-growing tech company iplicit Ltd, the fastest selling mid-market accounting solution in the UK, has been listed among the 50 fastest-growing tech companies in the UK. Since securing its first customer at launch in 2019, iplicit now has more than 2,000 organisations with over 30,000 daily users on its platform.

accounting software 52

accounting software Technology accountant Account 52