Going Concern

MAY 12, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Working in the Big Four seems to be more limited to just like, CFO or chief finance type roles.” The accountancy sector is no exception. Investment banking was more versatile, he said.

CPA 111

CPA Account accountant accounted 111

Cherry Bekaert

JULY 20, 2023

The Financial Accounting Standards Board (FASB) has issued only two new Accounting Standard Updates (ASUs) and the Government Accounting Standards Board (GASB) has not issued any new GASB Statements in 2023. The latest issue of the Rundown features a summary of the new standards issued 2023.

income tax 75

income tax Legal accounting and finance Tax 75

Accounting Insight

SEPTEMBER 29, 2023

Research reveals just one in 10 UK finance decision-makers (10%) has full visibility of spend across the legal entities of their business leaving the vast majority struggling to see the bigger picture. It enhances financial control, transparency, and accountability – all are essential for long-term business success and sustainability.”

Legal 59

Legal Finance accounting and finance accounting software 59

Cherry Bekaert

APRIL 26, 2024

The Financial Accounting Standards Board (FASB) issued two Accounting Standard Updates (ASUs) in the first quarter of 2024. The Government Accounting Standards Board (GASB) did not issue any new GASB Statements in the first quarter of 2024. Second, determining the proper accounting involves judgment.

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CPA Practice

NOVEMBER 25, 2024

The Board of Trustees of the Financial Accounting Foundation (FAF) has announced the appointment of Robert W. Scott to a five-year term on the Governmental Accounting Standards Board (GASB). Scott currently serves as the director of finance and administration for the city of Brookfield, Wisconsin.

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CPA Practice

APRIL 27, 2023

Professionals on the Move is a roundup of recent hiring and promotion announcements from around the accounting profession. FASB Names Three New Members to Its Investor Advisory Committee The Financial Accounting Standards Board (FASB) recently announced the appointment of three new members to its Investor Advisory Committee (IAC).

Real Estate 52

Real Estate Entertainment accounting and finance accounting firms 52

Cherry Bekaert

NOVEMBER 28, 2023

Community Reinvestment Act (CRA) Modernization is Released The long-awaited and anticipated Community Reinvestment Act regulation was rolled out on October 24, 2023. The amendment adopts a new metrics-based approach to evaluating bank retail lending and community development financing, using benchmarks based on peer and demographic data.

Real Estate 52

Real Estate accounting and finance Finance Hawaii 52

Going Concern

DECEMBER 22, 2023

Barring any huge incident like an accounting firm getting raided by the FBI on Christmas Day, there will not be any breaking news. One key reason: PwC is trying to compete for top talent amid a dwindling number of accounting majors. Tips are still welcome , nay, encouraged , and we’ll be monitoring the tipline. and Mexico.

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CPA Practice

MAY 25, 2023

The Illinois CPA Society (ICPAS) has presented its Outstanding Educator Award to two Illinois accounting faculty as part of its 2023 awards program. Accounting educators are instrumental in stewarding the next generation of leaders into the profession,” says Geoffrey Brown, CAE, president and CEO. Madeline K. Trimble, Ph.D.,

Illinois 52

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CPA Practice

OCTOBER 20, 2023

and Volta, and acting CFO and CTO at Uber, along with his operational experience across finance functions leading international expansions, fundraising, and spearheading IPOs, make him perfectly suited to advance the KPMG brand in this space. Chong-Tee Ong is Chairman of the Accounting and Corporate Regulatory Authority in Singapore.

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CPA Practice

OCTOBER 19, 2023

and Volta, and acting CFO and CTO at Uber, along with his operational experience across finance functions leading international expansions, fundraising, and spearheading IPOs, make him perfectly suited to advance the KPMG brand in this space. Chong-Tee Ong is Chairman of the Accounting and Corporate Regulatory Authority in Singapore.

Washington 52

Washington cpas accounting and finance audit 52

Cherry Bekaert

JANUARY 29, 2024

The Financial Accounting Standards Board (FASB) issued nine Accounting Standard Updates (ASUs), and the Government Accounting Standards Board (GASB) issued only one new GASB Statement in 2023. The latest issue of the Rundown features a summary of the new standards issued in the fourth quarter 2023.

income tax 95

income tax financial statements accounting standards Tax 95

ThomsonReuters

JANUARY 18, 2024

Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences? GAAP and AICPA What issues should accountants be aware of in the profession? How can accountants be more efficient? Accountant responsibilities extend far beyond number crunching.

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Accounting Insight

AUGUST 8, 2023

Accounting fraud causes serious damage. According to the latest report by the Association of Certified Fraud Examiners (ACFE), Occupational Fraud 2022, accounting fraud is the type of business fraud that causes the highest losses to companies. They include a selection of different red flags proposed in Lloret, Arimany and Amat (2023).

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Account accountant accounted auditor 52

Going Concern

SEPTEMBER 15, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Happy National Leave Your Accountant the F**k Alone Day , everyone! The Public Company Accounting Oversight Board (PCAOB) will hold an open meeting on Tuesday, September 19, 2023, at 10:00 a.m.

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Xero

DECEMBER 13, 2023

In 2023, generative AI tools can generate poems, short stories and complex legal and medical documents in a matter of seconds. The ISSB standards could very well bring in a new era of compliance and become the basis of accounting standards in 2024.

Technology 107

Technology accounting and finance Education Entertainment 107

Cherry Bekaert

JULY 29, 2024

The Financial Accounting Standards Board (FASB) did not issue any new Accounting Standard Updates (ASUs) in the second quarter of 2024, while the Government Accounting Standards Board (GASB) issued one new GASB Statement. 103, Financial Reporting Model Improvements (GASB 103). 62 In addition to GASB statement No.

accounting standards 52

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CPA Practice

JANUARY 10, 2024

The Financial Accounting Standards Board ( FASB ) has announced the appointment of six new members to its Not-for-Profit Advisory Committee ( NAC ), effective January 1, 2024. The NAC serves as a standing resource for the FASB.

accounting and finance 64

accounting and finance cpas accounting standards Finance 64

Shay CPA

JANUARY 31, 2024

When it comes to your accounting, employing a few tools and keeping key facts in mind can make your life a whole lot easier. Whether you want to optimize your accounting to realize more tax savings this year or you just want to avoid unwelcome surprises, we can help. Your accountant can provide guidance here.

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Accounting Insight

MAY 3, 2023

As accountants and finance professionals, we need to play a critical role in the creation of sustainability strategies for the businesses we work in and currently the timing for ensuring we are up to speed with the latest thinking in sustainability is crucial.

accounting and finance 69

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Withum

JANUARY 29, 2024

The current environment in the financial markets compels the consideration of low tide in the valuation of private equity and venture capital investments as the funding landscape has experienced a shift in financing conditions and outlook over the past year. 3] Pitchbook 2023 Annual US PE Breakdown, p.4. 2] Ibid, p.3.

accounting and finance 64

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CPA Practice

OCTOBER 18, 2023

Herz, CPA, CGMA, FCA, with its 2023 AICPA Gold Medal Award of Distinction. The award, presented since 1944, is the highest honor bestowed by the AICPA, recognizing CPAs “whose influence on the accounting profession has been especially notable.” The American Institute of CPAs has awarded Robert H.

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cpas accounting standards accounting and finance CPA 52

Withum

OCTOBER 11, 2023

The Internal Revenue Service (“IRS”) released Notice 2023-63 , on September 8, 2023, providing guidance surrounding the requirement to capitalize Section 174 research and experimental (“R&E”) expenditures for the 2022 taxable year.While many tax accountants and business professionals welcome the additional guidance, the timing was not ideal.

income tax 80

income tax Tax accounting standards accounting and finance 80

CPA Practice

JANUARY 5, 2024

The Financial Accounting Standards Board ( FASB ) has appointed six new members to its Not-for-Profit Advisory Committee ( NAC ), effective January 1, 2024. The NAC serves as a standing resource for the FASB.

accounting and finance 52

accounting and finance cpas accounting standards Finance 52

ThomsonReuters

DECEMBER 11, 2023

Accounting for tax equity investments Implementing ASU 2023-02 Accounting professionals with equity investor clients who are involved with projects to receive income tax credits and other income tax benefits need to have a clear understanding of the proportional amortization method (PAM), especially in light of recent changes.

income tax 52

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CPA Practice

OCTOBER 20, 2023

Organizations are increasingly required to adopt sustainability at the heart of their business practices and strategies, which calls for a broader set of financial accounting skills focused on environmental, social and governance (ESG) reporting. What is sustainable finance?

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CPA Practice

OCTOBER 19, 2023

Organizations are increasingly required to adopt sustainability at the heart of their business practices and strategies, which calls for a broader set of financial accounting skills focused on environmental, social and governance (ESG) reporting. What is sustainable finance?

audit 52

audit accounting and finance auditor accounting principles 52

Cherry Bekaert

OCTOBER 29, 2024

The Financial Accounting Standards Board (FASB) did not issue any new Accounting Standard Updates (ASUs) in the third quarter of 2024; however, we are expecting a number to be issued in the fourth quarter. The Government Accounting Standards Board (GASB) issued one new GASB Statement in the third quarter of 2024.

accounting and finance 52

accounting and finance accounting standards Sales Government 52

Shay CPA

APRIL 5, 2023

Employing a spring cleaning mentality at your startup — especially when it comes to your books — can do a lot to help you thrive in the rest of 2023 and beyond. With that in mind, our team of expert tech startup bookkeepers and accountants put our heads together. GAAP stands for Generally Accepted Accounting Principles.

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ThomsonReuters

APRIL 18, 2023

Therefore, preparing financial statements that are in compliance with generally accepted accounting principles (GAAP or U.S. GAAP) is paramount for accounting professionals and all of those involved in financial reporting. Principle of Continuity: The accountant assumes that the business will continue to exist.

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ThomsonReuters

APRIL 18, 2023

When there are errors in financial reporting, U.S. accounting standards require prior statements to be corrected and the corrections to be disclosed. The best approach, of course, is to prevent financial reporting errors before they occur. What are financial statement errors?

financial statements 52

financial statements accounting standards accounting and finance CPA 52

inDinero Accounting

JUNE 3, 2021

As the economy recovers, it’s time to review why your company should continue outsourcing accounting, human resources, IT, or production. BPO provides clients with customer-facing (front office) or infrastructure (back office) capacity for sales, customer service, virtual receptionists, accounting, HR, and IT. Why outsource?

Technology 54

Technology accounting and finance payroll Tax 54

ThomsonReuters

OCTOBER 12, 2023

From understanding what foreign income is to navigating various tax forms and deductions, it is important for accountants to understand the ins and outs of U.S. For the tax year 2022 (the tax return filed in 2023), you may be eligible to exclude up to $112,000 of your foreign-earned income from your U.S. income taxes.

Tax 40

Tax tax return income tax Real Estate 40

CPA Practice

JULY 8, 2024

AICPA News is a collection of recent announcements from the American Institute of CPAs and the Chartered Institute of Management Accountants. The survey polls chief executive officers, chief financial officers, controllers and other certified public accountants in U.S. A complete copy of the report can be found on aicpa.org.

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Going Concern

OCTOBER 21, 2024

Yesterday Financial Times published a story about PwC UK’s top consolation prize : Senior PwC staff in the UK who will never be partners are to be offered a new “managing director” title as the Big Four firm seeks to keep top employees whom it is unwilling to admit to its £1mn-a-year partnership. forces dominant.

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Account accountant accounted South Dakota 59

Going Concern

APRIL 21, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. But that might be the least of it: The outlook for EY’s business of charging for advice and accounting is getting weaker in the U.S. 2023 KPMG U.S. Employees are angry. by the month.

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Going Concern

SEPTEMBER 1, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Check out this week’s top remote accounting candidates. Check out this week’s top remote accounting candidates. P.S. We’re off for Labor Day, hope you are too.

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