Monday, May 25, 2020

Art of Accounting: Planning your strategic planning meeting | Accounting Today

This is the time of year when most firms that have retreats or strategic planning meetings finalize their plans. These meetings are more necessary and important than ever, and should be scheduled if you haven't yet done so. If circumstances don't much change (hopefully they will), the meetings would be done virtually. Here are some comments about strategic planning meetings that are essential to enable a firm to grow and to grow the way it should.

This year all playbooks have to be discarded and a fresh start needs to be developed. Right now it is hard to envision where you'll be at the end of the year, let alone five or more years from now. Nevertheless, the planning needs to get done. The strategic plan is a road map of where you think you'll be and what you will need to get there. It provides a framework to assess your abilities and resources and a way to chart progress, or the lack of progress.

Publisher: Accounting Today
Date: 2020-05-25T14:00:44.627
Author: https www accountingtoday com author edward mendlowitz
Twitter: @AccountingToday
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Many things are taking place:

New accounting fuels hope that coronavirus is better contained in Michigan | Bridge Magazine

Michigan public health officials have altered how they report positive coronavirus tests in the state, changes that show fewer people have been infected in recent weeks than previously reported.

The change, announced this weekend, doesn't not lower the number of confirmed coronavirus cases, which rose by 202 on Sunday to 54,881. But it shows the percentage of people who have tested positive for an active infection has fallen further than earlier reported.

Date: 2020-05-25T15:38:05-04:00
Twitter: @BridgeMichigan
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Bloomberg - Are you a robot?
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O.J., Accounting Fraud, Icahn: The Story of Hertz Going Bust

(Bloomberg) -- The short version of Hertz Global Holdings Inc.'s bankruptcy story goes something like this: Global pandemic obliterates the travel business and lands an iconic 102-year-old company in court to seek protection from creditors.

The long version is a fable about what happens when a company relies on accounting and consolidation to keep shareholders happy. It's a tale of lurching from one CEO to another and management teams failing to stay attuned to consumer tastes.

Date: A9862C0E6E1BE95BCE0BF3D0298FD58B
Twitter: @YahooFinance
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And here's another article:

SEC Simplifies Accounting Disclosures for "Significant" M&A Transactions - Lexology

In addition, Article 11 of Regulation S-X requires registrants to file unaudited pro forma financial information relating to the acquisition or disposition. Pro forma financial information typically includes a pro forma balance sheet and pro forma income statements based on the historical financial statements of the registrant and the acquired or disposed business, including adjustments to show how the acquisition or disposition might have affected those financial statements.

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FMS Solutions to Acquire UNFI's Retail Accounting Services Division - Abasto

FMS Solutions announced that it has entered into a definitive agreement to acquire United Natural Foods, Inc. (UNFI)'s Retail Accounting Services Division. This transaction, which is expected to be completed by June 6, 2020, makes the second acquisition of the year for FMS, accelerating its growth strategy.

FMS's leading position as a retail accounting provider combined with UNFI's diversified customer portfolio will create a new roadway to help more independent retailers succeed.

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Publisher: Abasto
Date: 2020-05-25T16:01:50 00:00
Twitter: @abasto
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Daycare Accounting Software Market Booming Demand Leading To Exponential CAGR Growth By 2026 |

This report focuses on the Global Daycare Accounting Software Market trends, future forecasts, growth opportunities, key end-user industries, and market players. The objectives of the study are to present the key developments of the market across the globe.

Get a PDF Copy of the Sample Report for Free @ https://dataintelo.com/request-sample/?reportId=77171

Key List Market Participants in the Market:
SofterWare
Ladder Software
Procare Software
Hi Mama
Jackrabbit Technologies
Ledger Software
Kindertales
Personalized Software
Childcare Sage
SmartCare
INursery.net Limited
Connect Software Solutions
Astec Solutions
Konverv
EntLogics Technologies
R&I Software Solutions
KigaRoo
AVI.DAT
Ogust
Chenlong
Yikang
Beiying Network


Publisher: Azizsalon News
Date: 2020-05-26T03:52:58 00:00
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PwC sued by Matalan founder over Monaco move tax advice | Accounting Today

The founder of U.K. discount retailer Matalan Plc is suing PricewaterhouseCoopers over claims he lost as much as 135 million pounds ($165 million) by relying on advice the accounting firm gave him when he moved to Monaco 20 years ago.

John Hargreaves says in a London lawsuit that U.K. revenue officials rejected his bid to take non-resident status and avoid most taxes in the country. He said in a court filing this week that he "placed his complete trust and faith" in PwC as his tax advisers during the period.

Publisher: Accounting Today
Date: 2020-05-20T13:38:07.146
Author: https www accountingtoday com author bloomberg news
Twitter: @AccountingToday
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