Thursday, May 21, 2020

ON Semiconductor Appoints Bernie Colpitts, Jr. as Chief Accounting Officer

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200521005597/en/

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"It is my pleasure to welcome Bernie as a member of my direct staff," said Bernard Gutmann, executive vice president and chief financial officer. "He is one of the strongest technical accountants I know, has demonstrated tremendous leadership in the accounting and financial reporting areas and has developed great relationships with both internal and external partners."

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

Conservis Farm Software & Red Wing Software Announce Easy Accounting Data Import | News |

MINNEAPOLIS , May 21, 2020 /PRNewswire/ -- In the midst of an uncertain economy coupled with a downward trend in commodity prices, farmers are forced to deal with rising input costs, volatile weather and global trade wars. Growers need the ability to layer accounting data on top of operational data to ensure decisions are made based on true costs.

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"When we sync our accounting data into Conservis, it ties everything together because Conservis does an excellent job of tracking our inputs, whether it's inventory or field applications," stated Kim Brown , Financial Specialist, Cornerstone Family Farms. "To be able to put our financials on top of that to see the whole picture of how our operation is doing financially and operationally has been great."

Publisher: Southernminn.com
Author: Conservis
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Santa Rosa accounting firm partner Michael Zelda wins North Bay Forty Under 40 award

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Responsibilities with your company: Zelda leads the Manufacturing and Consumer Products practice in Northern California for Moss Adams. Zelda co-leads Moss Adams Path to Success program in Northern California whereby senior managers and managers are given enhanced career planning and mentoring leading to a clear line of sight of their future with the firm.

Publisher: The North Bay Business Journal
Date: 2020-05-22T01:01:00 00:00
Twitter: @NBBJ
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FASB Extends Deadline for New Accounting Rules - Monitordaily

The Wall Street Journal reported that the FASB extended the time to implement new lease accounting and revenue recognition rules for some private companies and non-profits at its meeting on May 20.

A one-year deferral of the mandate to add operating leases to balance sheets is another option for private companies and non-profits, according to the Journal .

The Journal noted that private companies and non-profits will delay implementation of the leasing standard implementation until fiscal years starting after Dec. 15, 2019.

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Publisher: Monitordaily
Twitter: @monitordaily
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While you're here, how about this:

Virus accounting maneuvers criticized by European authorities | Accounting Today

Europe's top markets watchdog is warning companies against getting creative with financial statements that obscure the effect of the coronavirus pandemic on their bottom line.

The adjustment to standard reporting could make companies appear more creditworthy than they really are and obscure the impact of the virus on their earnings, the association of institutional fixed-income managers said.

Publisher: Accounting Today
Date: 2020-05-20T14:05:43.907
Author: Virus accounting maneuvers criticized by European authorities
Twitter: @AccountingToday
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Retail Rent Breaks From Pandemic Add to Accounting Turmoil

Chipotle Mexican Grill Inc. and accessory brand Fossil Group Inc. were among the restaurants and retailers seeking rent concessions this spring to ease cash flow as stay-at-home orders slammed their businesses.

Businesses may appreciate the rent breaks, but they are another burden for accountants during an already tricky time for financial reporting. Lease accounting rules changed last year, forcing companies to track the value of leased assets like airplanes and warehouses.

Twitter: @tax
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Diversity and inclusion is a marathon, not a sprint | Accounting Today

Accounting firms that foster environments that encourage people to bring their authentic selves to work can reap significant value. Wholeheartedly embracing employees for who they are creates a more engaged and exciting environment for solving clients' problems, and building a diverse workforce creates a stronger organization. Diversity and inclusion is vital to a firm's success, but it takes time to develop a D&I strategy.

Publisher: Accounting Today
Date: 2020-05-21T13:00:43.771
Author: https www accountingtoday com author herschel frierson
Twitter: @AccountingToday
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Avignon Capital Rolls Out Accounting Service | PYMNTS.com

To help real estate investors contend with the increasingly complicated accounting and compliance work particular to real estate, Avignon Capital , a European firm, has rolled out a new in-house corporate accounting offering. The new service will cover many services with the inclusion of dividend resolutions, cash flow management, risk analysis and joint venture accounting, according to an announcement .

Avignon Capital Head of Corporate Accounting Darragh Comer said in the announcement, "During this critical moment of unprecedented business and economic challenges for investors, it is important to remember that good accounting can enhance the value of real estate portfolios and assets." The firm, for its part, said the pandemic has brought about a new array of challenges to real estate investors.

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Publisher: PYMNTS.com
Date: 2020-05-20T20:18:42Z
Twitter: @pymnts
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