A group of international accounting organizations is calling for improved reporting and action on the UN's Sustainable Development Goals to hit the ambitious goals set for 2030.
The report describes how businesses can address sustainable development issues within the context of three reporting frameworks from the IIRC, the Global Reporting Initiative and the Task Force on Climate-related Financial Disclosures. It attempts to establish a best practice for corporate reporting on the sustainable development goals and enable more effective and standardized reporting and corporate transparency around climate change, social and other environmental impacts.
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FASB clarifies accounting for equity securities | Accounting Today
The Financial Accounting Standards Board has issued a standards update aimed at clarifying the interaction between the rules related to equity securities, equity method investments and certain derivatives.
The new accounting standards update clarifies that, when determining the accounting for certain forward contracts and purchased options a company should not consider, whether upon settlement or exercise, if the underlying securities would be accounted for under the equity method or fair value option.
Tax professionals' top worry for 2020 is late client information | Accounting Today
Time is the biggest concern for practitioners heading into this year's filing season, with two-fifths reporting in a recent survey that late client information and time compression are their main worries.
Conspicuously absent were worries about the Tax Cuts and Jobs Act, which dominated the agenda of the past two tax seasons; less than 10 percent cited it as a concern.
That said, keeping up with the latest legislation and regulations was the most common way practitioners are getting themselves ready for tax season, with 58 percent saying they were taking tax courses to get ready. Implementing new workflows (42 percent) and training on software (39 percent) were the next most common.
Accounting Reviews and Lab Tests | PCMag
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Right now you can save big on the H&R Block Deluxe + State 2019 tax software, PNY storage devices, and the 55-inch TCL 6-Series 4K Roku TV.
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Shepherd accounting students rank nationally on CPA exam pass rate | Journal-news |
SHEPHERDSTOWN — Shepherd University accounting students ranked nationally for certified public accountant exam pass rates for first-time takers in 2018. Shepherd students ranked 28th out of 242 institutions nationwide with 10 to 20 first-time test takers. Additionally, Shepherd had the second highest pass rate in the state of West Virginia for first-time testing events. Shepherd had the highest statewide pass rate in the state in 2017, 2015, and 2014.
Art of Accounting: Preparing for a client meeting | Accounting Today
I always prepare for client meetings. Sometimes I overprepare because I don't want to be unprepared and also because I want to control the pace, direction and timing of the meeting. Occasionally, the agenda is hard to determine, so here is a method of preparing and starting the meeting.
As soon as you start, ask the client, "What would you like to accomplish from this meeting? I know you told me you wanted to meet, but what is bothering you? What is really on your mind?" Then sit back and listen.
Glastonbury, Enfield, and Berlin accounting firms merge | Business | journalinquirer.com
Glastonbury-based accounting firm Fiondella, Milone & LaSaracina, now known officially as FML, is expanding its staff by 40 percent through dual mergers with Enfield-based Viola Chrabascz Reynolds and Formica & Dobkin, P.C. of Berlin.
In a statement released Wednesday, officials with the three companies said the tie-ups will bring together 13 partners, 36 certified public accountants, and a total of 84 staff distributed among six offices, creating a "statewide network" of accountancy experts with a wide variety of specializations.
DeSoto ISD Board To Pay $127,000 For Accounting Firm To Investigate Excessive Spending –
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