Recently issued FASB standards for revenue recognition, lease accounting, and the private company variable-interest entity (VIE) consolidation have led to companies' and practitioners' asking a host of questions about the preparation and auditing of financial statements.
During the AICPA's ENGAGE 2020 virtual conference Tuesday, some of these frequent questions were addressed by Center for Plain English Accounting (CPEA) technical manager Mike Austin, CPA, and Kristy Illuzzi, CPA, CGMA, the AICPA staff liaison to the AICPA Technical Issues Committee.
This may worth something:
Barchart Integrates Physical Grain Accounting into cmdty Marketplace Apps
CHICAGO , July 21, 2020 /PRNewswire/ -- Barchart, a leading provider of data and technology services to the financial, media, and commodity industries, announced support for physical grain accounting directly in cmdty Marketplace - a solution that connects grain buyers with their producers through branded mobile apps.
"Our grain accounting integrations provide grain buyers with the ability to equip their producers with the critical information they need right at their fingertips," says Michael Browne , Head of Commodities at Barchart. "By providing access to real-time contract data and scale tickets from our accounting partners, merchandisers can easily increase engagement with producers, move more grain, and drive their business forward," added Browne.
Chandler Terry Named FSA Federal VP for Finance, Accounting; George Mendiola Quoted –
"Chandler is a results-driven leader who believes in turning insight into action to improve the business," said FSA President George Mendiola. "As we enter a new era of expansion into adjacent markets within the federal homeland security and law enforcement communities, his well-proven capabilities will help us realize our goals."
In his new role with FSA Federal, Terry will supervise capital resources, forecasting, treasury, financial services, accounting, payroll, audit support and SOX compliance. He will also focus on process improvement to support the company's growth goals, manage financial controls and mitigate risk.
10 things to consider when purchasing construction accounting software | TechRadar
The construction industry has some specific accounting and taxation requirements, as well as business practices which need to be reflected in the software used to run the business. This guide focuses on considerations which are specific to the construction industry.
We suggest you read this in conjunction with either our selecting business software guide (for medium and large organisations) or our selecting business software for small business success. These provide tips and tricks relevant to selecting all types of business software. You may also find our 10 things to consider when purchasing accounting software useful.
Quite a lot has been going on:
Tired of performance reviews? | Accounting Today
A few years ago, my Silicon Valley advisory firm was stuck in the annual cycle of time-consuming, backward-looking and mostly ineffective process of performance reviews.
Employees were split over whether the feedback was useful, and the information we got out of the reviews didn't come close to offsetting the amount of work that went into gathering and distributing them. We wanted a better sense of how our people were doing on the job. That way, we can provide them with the kind of helpful input that will motivate them to keep up the good work or provide training if they need to improve a particular skillset.
Driving Efficiency In Law Firm Accounting | Above the Law
In order to stay competitive in today's fiercely competitive legal services market, law firms must have their financial houses in order. In today’s digitized world, the best way to do so is by embracing cloud technology to ensure that proper bookkeeping is being done, which is crucial for a successful practice. After all, nowhere are high-tech solutions more needed, or the value of automation more apparent, than in the accounting department.
RealFoundations Promotes CRE Veteran, Clive Tydeman, as Global Head of Accounting and Lease
DALLAS , July 22, 2020 /PRNewswire/ -- RealFoundations, a global professional services firm focused solely on helping real estate companies make smarter, more profitable decisions, today announced the elevation of senior practitioner, Clive Tydeman , to Global Head of Accounting and Lease Services.
RealFoundations' Accounting and Lease Managed Services platform permits the flexible design of a tailored outsource model that supports innovation, scalability and cost avoidance. Clive is highly skilled in assessing a company's real estate operating platform and identifying opportunities to reduce enterprise risk, improve operational efficiency and enhance productivity through industry leading practices and best-of-breed technology.
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