The Financial Accounting Standards Board today delayed for certain filers the effective date of its new lease accounting guidance , which requires all operating leases to be recorded on the balance sheet of lessees. The effective date was deferred by one year for non-public business entities. For these entities, the lease accounting standard is effective for fiscal years beginning after Dec. 15, 2020, and interim periods within fiscal years beginning after Dec. 15, 2021.
This may worth something:
Avii's New Cost Calculator Shows Accountants Exactly What Their SaaS and Accounting Software
- The tool is free and the results confidential, and most accountants and practices are extremely surprised -
"This doubling up on software leads firms down a slippery slope, especially when they discover the aggregate cost of their various SaaS products," says Avii Cofounder and CEO Lyle Ball. "The ad hoc purchases fill an immediate need, but because they don't fall into official IT team budget, they're often overlooked."
"Typically, firms pay for many more software programs than the IT team is even aware of," he notes.
Free program offers accounting support for business owners | Rock Springs | rocketminer.com
ROCK SPRINGS — State organizations dedicated to helping Wyoming's small businesses have teamed up to offer a free two-day virtual program: Accounting Support for Business Owners During COVID-19.
The meetings will run from 9-10:30 a.m. on April 24 and 10-11:30 a.m. on April 27 via Zoom Meeting.
The Business Council's Wyoming Main Street program as well as the Wyoming State Chamber of Commerce, the Wyoming Small Business Development Center and the Wyoming Economic Development Association have assembled accountants and bookkeepers that will offer their expertise to small-business owners facing challenges related to the pandemic.
Accounting association LEA Global names new CEO, Anthony Szczepaniak | Accounting Today
LEA Global, an international accounting firm association also known as the Leading Edge Alliance, has appointed Anthony Szczepaniak as its CEO.
Szczepaniak most recently led the Moore North America accounting and consulting firm association. At LEA Global, he will be in charge of the association's strategic direction and day-to-day operations, while focusing on membership best practices, cohesiveness, collaboration and growth.
And here's another article:
LeaseQuery's LeaseGuru Named Among Accounting Today's Top New Products
2020 list ranks products based on innovation in technology and across various other sectors of accounting
The annual list spotlights new accounting products representing innovation from all directions, whether it's in technology or areas of accounting that have been sidelined in the past. The accounting industry is turning to technology more and more to help meet accountants' needs for changing standards, business models and client demands.
GASB issues guidance on accounting for P3s and APAs
GASB issued a standard Monday that is designed to improve state and local governments' accounting for public-private and public-public partnership arrangements (known as P3s) and availability payment arrangements (known as APAs).
The guidance is included in GASB Statement No. 94, Public-Private and Public-Public Partnerships and Availability Payment Arrangements . The standard provides guidance for P3 arrangements, including those outside the scope of GASB's existing literature in Statement No. 60, Accounting and Financial Reporting for Service Concession Arrangements , and Statement No. 87, Leases .
How an epic gamble exposed the rot inside an oil empire | Accounting Today
On the receiving end was Hin Leong, one of the most powerful and secretive names in oil trading. Founded in 1963 by a Chinese immigrant known to everyone in the industry as OK Lim, it was a giant in the world of shipping fuel from its base in Singapore.
Over the decades it had become one of the most fabled trading houses, the source of a billion-dollar fortune, and the subject of stories about legendary deals that made rivals sweat. But earlier this month, as oil prices collapsed in the fallout from the coronavirus, its foundations crumbled.
NAIC Working Group Approves COVID-19 Flexibility Accounting Rules | ThinkAdvisor
The bill includes $320 billion for the Paycheck Protection Program, which ran out of money last week.
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In this challenging new environment, it’s important to understand your supervisory obligations to your workforce.
More of your employees are using mobile phones and apps for work than ever before and you must ensure you have the right tools in place to collect and protect data.
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