Thursday, February 27, 2020

Financial Accounting Foundation appoints executive director | Accounting Today

The Financial Accounting Foundation, the group that oversees the Financial Accounting Standards Board and the Governmental Accounting Standards Board, has named acting president John W. Auchincloss as the FAF's executive director.

Auchincloss was named acting president last year after the departure of president and CEO Terri Polley. He is now gaining a more permanent title, albeit not as president and CEO. The appointment comes during a time of extensive transition at the FAF, FASB and GASB.

Publisher: Accounting Today
Date: 2020-02-27T17:30:42.752
Author: https www accountingtoday com author michael cohn
Twitter: @AccountingToday
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Focus Feature: National Association of Black Accountants promotes diversity in the accounting

WMU's chapter of the National Association of Black Accountants strives for diversity and inclusion in the business and finance fields

To celebrate Black History Month, each week in February, Western Herald will spotlight a black RSO feature series called 'Focus Feature' to inform the student body of the different black student groups on WMU's campus.

With tax season upon us, many people will be pulling their hair out as they comb through a plethora of documents and receipts, hoping to claim all the right deductions and returns in a timely manner.

Publisher: Western Herald
Author: Daniel Seguin Staff Reporter
Twitter: @WesternHerald
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Twitter: @FinancialTimes
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Watchdog opens NMC Health inquiry amid accounting scandal | Business | The Guardian

This week NMC shared details of an independent review of the firm's finances, led by a former FBI director. The review revealed that companies controlled by NMC's founder and another executive had accessed $335m (£260m) in secret financing since early 2018, without the knowledge of the company's board, and which did not appear on its balance sheet.

In a statement issued on Thursday, Muhairi rejected all allegations of wrongdoing and insisted: "I have not been given a reasonable opportunity to engage with and assist the investigation with the benefit of the key documentation relating to the events in question, as I would have wished."

Publisher: the Guardian
Date: 2020-02-27T19:23:21.000Z
Author: Joanna Partridge
Twitter: @guardian
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Fingers crossed for a smoother season | Accounting Today

The filing season currently underway is the second season following the changes brought by the Tax Cuts and Jobs Act, and is naturally going somewhat smoother than last year at this point, according to Tom Wheelwright, a CPA and CEO of WealthAbility.

"We know the forms have already changed from the 2018 filing season, beginning with an entirely new form for the 20 percent pass-through deduction," he said. "The IRS has also added new questions and changed other questions."

Publisher: Accounting Today
Date: 2020-02-27T14:00:37.881
Author: https www accountingtoday com author roger russell
Twitter: @AccountingToday
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Misty Megia steps down as global head of QuickBooks ProAdvisor Program | Accounting Today

Misty Megia, who has headed Intuit's ProAdvisor and Education Program since 2017, has stepped down to return to entrepreneurship. While she hasn't pinpointed the exact project she will be tackling, she said she wants to merge her experience in the corporate world with her experience directing theater, which she has been doing for the past two decades.

Intuit has not yet announced a replacement for Megia in the ProAdvisor Program.

Publisher: Accounting Today
Date: 2020-02-27T17:40:34.934
Author: https www accountingtoday com author ranica arrowsmith
Twitter: @AccountingToday
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New taxpayer advocate appointed for the IRS | Accounting Today

The Internal Revenue Service and the Treasury Department have named a new National Taxpayer Advocate to run the Taxpayer Advocate Service at the IRS, Erin M. Collins, who formerly worked at KPMG and the IRS.

Collins was managing director of KPMG's tax controversy services practice for the western area for 20 years, and prior to that, she was an attorney in the Office of Chief Counsel for the IRS for 15 years. She will be succeeding Bridget Roberts, who was named last year to fill the position on an interim basis following the retirement of longtime National Taxpayer Advocate Nina Olson. Two of the top Democrats on the tax-writing House Ways and Means Committee, chairman Richard Neal, D-Mass.

Publisher: Accounting Today
Date: 2020-02-27T16:45:14.266
Author: https www accountingtoday com author michael cohn
Twitter: @AccountingToday
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3 Useful Excel Functions Every Accounting Professional Should Know Before Getting Started >

But don't worry. We are here to help you with some of them. Here are three useful Excel functions that'll help you on your journey to becoming a successful accountant.

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Checkout this awesome YouTube channel for more info on VLOOKUP and how you can make the most out of it.

INDEX Function is great when the VLOOKUP won’t do because the Lookup Value in the table is located in the middle and you need to extract data from the left of it.

Publisher: CEOWORLD magazine
Date: 2020-02-27T12:28:56 00:00
Twitter: @ceoworld
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