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360Quadrants Releases Quadrant of Best Accounting Software Vendors
CHICAGO , July 2, 2020 /PRNewswire/ -- Accounting Software is used by accounting professionals to manage day-to-day accounts and perform other accounting operations. It is the systematized practice of communicating and recording financial data. Organizations use accounting software for various purposes, including internal and external audits, required reports, financial analysis, and meeting legal or internal managerial requirements.
Global accounting groups urge long-term value creation amid coronavirus | Accounting Today
Three worldwide accounting groups have banded together to issue a report offering guidance on how CFOs and finance teams can steer their organizations toward long-term value creation during the COVID-19 pandemic.
The report advises readers on how to identify some of the main opportunities and risks related to an organization's strategy and business model. It explains how CFOs, finance teams and organizations can develop more of an integrated view of performance and value, combining the balance sheet, business and society perspectives. It also suggests how they can incorporate some of the priorities for value creation into their decision-making and reporting processes..
Employers added 4.8M jobs in June despite coronavirus, including 17.5K in accounting | Accounting
Employers added 4.8 million jobs in June and the unemployment rate fell to 11.1 percent, according to the U.S. Bureau of Labor Statistics, a decline of 2.2 percentage points from the previous rate of 13.3 percent, as employees returned to work despite the ongoing spread of COVID-19. Accounting and bookkeeping services gained 17,500 jobs.
The report was much better than expected. Some economists had forecast gains of 3.23 million jobs. The BLS said Friday the "improvements in the labor market reflected the continued resumption of economic activity that had been curtailed in March and April due to the COVID-19 pandemic and efforts to contain it."
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From Enron to Wirecard – Big 4 Accounting Firms Still Face Systemic Problems
Two decades of financial disasters from Enron Inc.’s collapse in 2001 to Wirecard AG’s meltdown have left the Big Four accounting firms facing a major cultural problem that regulators may struggle to resolve.
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But EY is also on the hot seat. It was added to a class-action style lawsuit against Wirecard on Tuesday, and stands accused of failing in its most fundamental duty. It’s a systemic problem facing not just EY, but also the other members of the Big Four: KPMG, Deloitte and PriceWaterhouseCoopers, according to Atul Shah, an accounting and finance professor at City University of London.
Microsoft announces chief accounting officer succession | Article | Compliance Week
Microsoft disclosed in a regulatory filing the appointment of Alice Jolla as corporate vice president and chief accounting officer, effective July 31.
Jolla will replace Corporate Vice President, Finance and Administration and Chief Accounting Officer Frank Brod, who is retiring from his position. Brod will step down from his role as chief accounting officer on July 31 but will remain with the company through Sept. 30 to assist in transition.
Accrual accounting can speed up the economic recovery after COVID-19 | World Economic Forum
Ranking Arizona: Top 10 accounting firms for 2020 | AZ Big Media
Here are the Top 10 accounting firms in Arizona, as featured in the 2020 edition of Ranking Arizona :
Background: With offices in Chandler and Scottsdale, Wallace, Plese + Dreher (WP+D) offers accounting, tax, audit, assurance, and consulting to Arizona-based companies. From startup to maturity, our collaborative approach builds strategies for all business stages. Integrated services include business and individual tax services, mergers and acquisitions, ownership succession, exit strategies, and estate and trust tax planning.
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