Tuesday, March 24, 2020

Quick learner: How Barone thrives both in wrestling and in accounting | Sports | news-gazette.com

Publisher: The News-Gazette
Author: MATT DANIELS mdaniels news gazette com
Twitter: @news_gazette
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Wausau teacher awarded Accounting Career Awareness Grant - Wausau Pilot & Review

WAUKESHA — An accounting teacher at Wausau West High School has been awarded a 2019 Accounting Career Awareness Grant from the Wisconsin Institute of Certified Public Accountants Educational Foundation Inc.

With the grant, Dawn Jameson's students will be able to participate in hands-on accounting case simulations at the Milwaukee Bucks business office, WICPA said in a news release. The students will also tour Peoples State Bank to learn about accounting careers in the banking industry. -->

Publisher: Wausau Pilot & Review
Date: 2020-03-23T20:00:37 00:00
Twitter: @WausauPilot
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COVID-19 Is Not the Only Virus One Small Accounting Firm Owner Is Worried About - Going Concern

This came through the Help line the other night, and because Open Items has been a barren wasteland since Caleb left nearly two years ago, I thought I'd post it here to see if we could help this person out.

I'm a retired CPA who's working during tax season for a small, local practitioner. She is convinced that working from home exposes her systems to viruses transmitted by home computers. How are other larger firms dealing with that risk? Is it even real risk?

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Publisher: Going Concern
Date: 2020-03-24T12:40:13 00:00
Twitter: @going_concern
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Art of Accounting: Tax season in the new reality | Accounting Today

There is no question that tax season has been disrupted and we need to work under different and uncomfortable conditions and procedures. What we did yesterday is no longer relevant during the coronavirus pandemic and we need to adapt and quickly. Here are some issues to consider:

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We are in the midst of a crisis and need to improvise and use as much ingenuity as possible but without sacrificing quality. It can be done because it must be done. Good luck.

Publisher: Accounting Today
Date: 2020-03-23T14:39:40.877
Author: https www accountingtoday com author edward mendlowitz
Twitter: @AccountingToday
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Distance learning and future ready CPAs: Actions CPAs can take to help accounting students |

The coronavirus has made it necessary for white-collar professionals to work remotely and for all to practice social distancing. Colleges and universities have canceled in-person classes and are transitioning to distance learning. The digital age, the fourth industrial revolution, and the future of work are now being tested by archaic bureaucratic and innovative companies alike.

As a CPA who has worn many hats, who has had more jobs than Elizabeth Taylor had husbands, and who is currently working as an adjunct lecturer and independent accounting consultant while also fulfilling seasonal tax-related roles, I try to stay calm and collected during these testing times. Tax season isn't canceled and I am looking forward to continuing leading the three accounting courses I teach virtually so my students can finish the semester strong.

Publisher: Accounting Today
Date: 2020-03-24T15:22:06.446
Author: https www accountingtoday com author iralma pozo
Twitter: @AccountingToday
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FASB may need to revise CECL to deal with coronavirus fallout | Accounting Today

The Financial Accounting Standards Board has come under pressure to relax its credit losses standard as banks and other financial institutions see the value of their assets plunging from the sell-off in the capital markets amid the coronavirus pandemic.

The regulators noted that according to U.S. GAAP, a restructuring of a debt constitutes a TDR if the creditor, for economic or legal reasons related to the debtor's financial difficulties, grants a concession to the debtor that it would not otherwise consider. The agencies said they have confirmed with the FASB staff that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief are not TDRs. That includes short-term (e.g.

Publisher: Accounting Today
Date: 2020-03-23T20:32:51.789
Author: https www accountingtoday com author michael cohn
Twitter: @AccountingToday
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2020 recruiting trends & salary guide for accounting and finance people | WTOP

Recruiting talent for accounting and finance positions has evolved significantly over the last few years. Stay ahead of the competition by applying the latest recruiting and salary trends to your company's hiring efforts.

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In this highly-competitive talent market, candidates won't wait for companies that don't move swiftly. If you're losing candidates due to a long, drawn-out hiring process, consider a few ways to fast track your process without compromising quality:

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Publisher: WTOP
Date: 2020-03-20T12:25-04:00
Author: News Traffic Weather
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Accounting Practice Management Market: Wide Application Area to Propel Demand By 2026 –

The  Global Accounting Practice Management Market  report now available with CMI, is a collation of valuable insights related to market size, market share, profitability margin, growth dynamics and regional proliferation of this business vertical. The study similarly consists of a detailed analysis pertaining to key challenges, growth opportunities and application segments of the Accounting Practice Management market.

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