FASB voted Wednesday to add a project to its technical agenda to propose delaying the effective dates of its standards on revenue recognition and lease accounting for certain entities because of challenges related to the coronavirus pandemic.
The board voted unanimously to consider amending the effective date of FASB Accounting Standards Codification (ASC) Topic 606, Revenue From Contracts With Customers , including subsequent amendments, for franchisors that are not public business entities.
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Two accounting scandals in China in one week burn investors | Accounting Today
China's second accounting scandal in less than a week is underscoring concern over lax corporate governance at some of the country's fastest-growing companies.
The sell-off follows the 83 percent slump in Nasdaq-listed Luckin Coffee Inc. since the company announced that its chief operating officer and some underlings may have fabricated billions of yuan in sales for 2019. Accounting firm Ernst & Young later said it discovered the fabrications when it audited the firm's financial statements. Trading in the ADRs was suspended Tuesday.
While China Inc.
Accountability Accountants Prevail | Afro
Americans showed resilience after the end of the Great Recession in 2009 and a little over a decade later they're hoping to bounce back after a pandemic.
Now, Covid-19 (coronavirus) has many businesses scrambling to make sense of all of the news and information being shared. As we approach and welcome the issuance of Stimulus checks for individuals making $75k per year or less, entrepreneurs such as the Accountability Accountant, have a chance to thrive and provide insight on how small businesses can navigate during this time.
Coronavirus outbreak impacts career plans for accounting graduate students - The Auburn Plainsman
As millions of students around the globe have experienced their plans being altered due to the outbreak of COVID-19, many graduate students have focused on their future careers during the transition.
Three students in the Master's of Accountancy Program at Auburn University said that the coronavirus outbreak has affected their post-graduation plans.
Savannah Masucci, one of the students in the MAcc program, said that she was caught off guard by the COVID-19 outbreak. She had chosen to visit her hometown in New Jersey for spring break, intending to only stay for a week and not knowing what was on the horizon.
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Tracker: These Accounting Firms Have Either Cut Jobs or Pay (or Both) During the COVID-19 Crisis
In case you haven't noticed, there have been a lot of salary reductions and jobs lost throughout public accounting over the past couple weeks as a result of the coronavirus pandemic. And it sucks.
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Salesforce Partner, Accounting Seed, Donates Software to DevicesforStudents.org | State |
First, the nonprofit is tackling California where more than 6 million students have had schools close due to COVID-19. They hope to grow their support to serve other locations such as Michigan and Maryland .
As part of this partnership, Accounting Seed donated its complete accounting solution to the cause to help Devices for Students manage donors, donations and their overall financial data.
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Thanks to a wealth of accounting software for small businesses you can quickly bypass all of that faffing around and get stuck into doing it all digitally.
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The board voted unanimously to consider amending the effective date of FASB Accounting Standards Codification (ASC) Topic 606, Revenue From Contracts With Customers , including subsequent amendments, for franchisors that are not public business entities.
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