India Accounting Software Market was valued US$ XX Mn in 2018 and is expected to reach US$ XX Mn by 2026, at a CAGR of XX % during a forecast period.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
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An introduction of the innovative technologies are playing a crucial role in the rapid transformation of the accounting sector. Some of the technologies e.g., cloud, artificial intelligence (AI), and blockchain are creating opportunity to access financial data from any internet-enabled device.
In case you are keeping track:
Two former Penn West execs settle accounting fraud charges with SEC | Article | Compliance Week
The former chief financial officer and former vice president of accounting and reporting at Canadian oil and gas company Penn West Petroleum have settled charges for their role in an accounting fraud scheme that spanned several years, the Securities and Exchange Commission announced Tuesday.
In June 2017, the SEC had charged Penn West Petroleum (now doing business as Obsidian Energy) with fraudulently moving hundreds of millions of dollars in expenses from operating expense accounts to capital expenditure accounts.
Accounting Professor is an Institution at L&C | RiverBender.com
GODFREY – In the 50 years since Lewis and Clark Community College was founded, few have left their mark on the institution like Professor of Accounting Margie Sinclair-Parish, who has been a faculty member for 38 years.
Sinclair-Parish began her journey with L&C as a student, earning an Associate in Arts in 1975. After achieving her Bachelor of Science in Business Administration in 1977 and a Master of Business Administration in 1984, both from Southern Illinois University Edwardsville, she began teaching part time at L&C in 1982, gaining a full-time position in 1986.
FASB Q&A tackles coronavirus effect on hedge accounting | Article | Compliance Week
The Q&A is the latest attempt by FASB staff to provide guidance to stakeholders on how accounting standards are being affected by the ongoing pandemic. In this case, questions have been raised about how to account for the cancellation of or delay in forecasted transactions as a result of COVID-19. ASC 815 guidance includes when to discontinue cash flow hedge accounting and how to reclassify amounts deferred in accumulated other comprehensive income (AOCI) to earnings.
This may worth something:
The Implications of GASB Statement 87 on Lease Accounting - The CPA Journal
In 2016, after a 10-year joint project between FASB and the IASB, FASB issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842), which required for-profit entities to recognize lease assets and liabilities on the balance sheet after December 15, 2018, for public companies and December 15, 2019, for privately held companies. Many observers expected GASB to carbon-copy FASB’s new guidance on leases; however, it did not.
Kerkering, Barberio & Co.
Kerkering, Barberio & Co., Certified Public Accountants, is pleased to announce that the Sarasota accounting firm has been ranked by Accounting Today as a 2020 Regional Leader for the Gulf Coast. Firms from across Alabama, Florida, Louisiana and Mississippi comprise the region, which experienced an average firm growth rate of 6.54% for 2019. With three offices across the Tampa Bay region, KB saw growth of 10.91% in 2019. Nationwide, regions averaged growth rates of 6.54% to 10.72%.
SEC Investigates China's Luckin Coffee Over Accounting Scandal - WSJ
Luckin says it is China's largest coffee chain by stores. Photo: fred dufour/Agence France-Presse/Getty Images
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WASHINGTON—The Securities and Exchange Commission is investigating Luckin Coffee Inc.'s disclosure that some of its employees cooked its books last year, according to people familiar with the matter.
Luckin announced April 2 that some employees, including its chief operating officer, fabricated 2.2 billion yuan ($310 million) in sales from the second quarter to the fourth quarter of last year. The company said a special committee of its board of directors would oversee an internal investigation by law firm Kirkland & Ellis LLP.
Connecticut to partner with local firms to expand captive insurance program | Accounting Today
The State of Connecticut Insurance Department has launched an initiative to work with local accounting firms to expand their presence in the captive insurance company market.
As firms and professionals hold the role of a trusted advisor to mid-sized businesses, the SCID feels that they are best positioned to assist in the education and communication of the benefits of captive insurance companies to local businesses. The state has tapped the National Network of Accountants and Private Insurance Management Inc. to assist in the design and launch of the education program.
Happening on Twitter
PM Modi interacts with Panchayat heads, launches eGramSwaraj portal to simplify accounting https://t.co/MZFoCj1zeg republic (from Mumbai, India) Fri Apr 24 06:50:08 +0000 2020
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