Federal government entities will have extra time to implement a new lease accounting standard after the Federal Accounting Standards Advisory Board (FASAB) announced Friday that it is delaying the standard's effective date.
FASAB issued Statement of Federal Financial Accounting Standards (SFFAS) 58 , Deferral of the Effective Date of SFFAS 54 , Leases . SFFAS 58 defers the lease accounting standard's effective date to reporting periods beginning after Sept. 30, 2023. Early implementation is not permitted.
While you're here, how about this:
Younger adults accounting for larger share of new coronavirus infections | MPR News
As much of the country presses forward with reopening, a growing number of cities and states are finding that the coronavirus outbreak now has a foothold in a younger slice of the population, with people in their 20s and 30s accounting for a larger share of new coronavirus infections.
Public health experts said the trend could be explained in several ways. More people are getting coronavirus tests. The criteria for who gets tested as well as the capacity to test them have expanded since the beginning of the pandemic. Early on, generally only people with symptoms or who were seriously ill could get tested at all.
Column: On race, a personal accounting | Columnists | qctimes.com
When I grew up, in every Southern household of even modest means there was a black maid. In Greenwood, Mississippi, where we visited most summers, it was Rosie. In those days, I used to play with Rosie's son, Sammy. The two of us spent the day scampering around, taking alternate licks from a candy sucker until it was gone.
One summer, I came for my annual visit and asked where Sammy was. Aunt Rose told me Sammy wouldn't be coming over to play any more. When I asked why not, she told me that, after a certain age, blacks and whites did not play together.
Council Post: Surviving This Economic Downturn: How A Strong Accounting Team Could Help
According to IRS data, more than 35% of businesses never reopen after a disaster. For small businesses, these numbers are likely much higher. During economic downturns, leaders often feel stuck and isolated, and many business owners are extremely fearful about the future of their company. COVID-19 has shaken most companies and overnight has changed the way business owners are looking at their expenses. Firms that have stellar bookkeeping teams are turning to them for support.
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Many business owners avoid their books because they don't understand the numbers and are afraid of what they will learn. Like going to the doctor, people wait until the pain is bad enough that they can't avoid it anymore. Fortunately, once a more senior person, such as a CFO or a controller, does an assessment of the books, most businesses will find that it wasn't as bad as they thought. Fortunately, there are likely cures to most of the issues the business is having.
And here's another article:
Rome accounting, consulting firm D'Arcangelo & Co.
D'Arcangelo & Co., LLP, a local accounting, auditing, taxation, and consulting firm, has announced a merge with Utica-based Feldman & Company CPAs, LLP. The move takes effect July 1, …
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The combined company which will continue the name, D'Arcangelo & Co., LLP, will have 18 partners and nearly 80 employees located across four offices in Utica, Rome, Oneida, and Syracuse.
The partners of Feldman & Company CPA's, LLP - Alfred J. Kupiec, Jr., CPA and Ryan J. Siepiola, CPA - as well as their staff will work out of the D'Arcangelo &; Co., LLP Utica location.
Bloomberg - Are you a robot?
This WordPress plugin streamlines project management and accounting | Android Central
There's no overstating how instrumental WordPress is for making businesses successful online. But if you're pivoting to the platform, you can't expect for it to work its magic without injecting the right plugins to your site. Plugins are responsible for expanding the functionality of your page, and if your goal is to streamline project management and transactions, there's no plugin more powerful than WordPress Portal .
A project management software and accounting tool all packed into a single plugin, WordPress Portal installs quickly and creates a new directory to your front-end website www.yourdomain.com/portal , allowing you and your team to have access to an easy-to-use interface that makes running your business more efficient.
Accounting for the Unknown in the Time of COVID-19: How Data Scientists Can Adapt - insideBIGDATA
In this special guest feature, Jonathan Prantner, Co-founder & Chief Analytics Officer at RXA , discusses how given the fast-paced nature of the world right now, data scientists working to understand and predict business impact will need to adjust current models or build new ones to make sense of COVID-19. Jonathan is a teacher, innovator and always a wizard behind the curtain. His approach to applied mathematics has pushed analytics to the limit for over two decades.
We are in uncharted and unpredictable territory across the globe. The last widespread pandemic was a hundred years ago and the world economy is more interconnected than at any point in history. While our collective first concern is for the health and safety of those affected by the virus, many of us are also tasked with keeping the economy running during a time of isolation, business closures and digital connection.
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