The explosion in data that has launched the Fourth Industrial Revolution, an era when business will be transformed by cyber-physical systems, has enabled several technology trends to develop. Every business can leverage these important trends and should pay attention to how best to use them, but accountants should really evaluate how these six technologies can be used strategically to achieve the company's business strategy.
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Just as it is for other companies, all the data created by our digitalized world would be useless or at least less powerful if it weren't for the advances in computing power. These changes allow accounting and finance departments and firms to store and use the data effectively. First, there are the cloud services from providers such as Amazon, Google, and Microsoft that provide scalable systems and software to leverage that can be accessed wherever and whenever it's needed.
This may worth something:
Business notebook: Two Abilene accounting firms to merge
Abilene-based accounting firm Ray & Company, P.C. will become a part of Condley and Company L.L.P., also based in Abilene, effective Nov. 1, according to a Tuesday news release from Condley and Company.
"Our merger with Condley and Company provides us with many new resources," said Ray & Company president Hobby Stevens in the release. "This will allow us to continue to serve our clients in the personal, professional manner that we have provided for almost 50 years."
South Africa Retailer Steinhoff Offers $1B to Settle Global Accounting Fraud Lawsuits
South Africa’s Steinhoff has proposed to pay around $1 billion to settle outstanding legal claim s following a massive accounting fraud, a fraction of the over 9 billion euros ($10.5 billion) claim ants are seeking.
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The more than 50-year-old retailer has faced stream of lawsuits after revealing holes in its accounts in December 2017, the first sign of the fraud estimated to total $7 billion, and is still battling to recover.
As new pot licenses delayed indefinitely, global accounting firm pockets $7M from state to rank
KPMG was given two no-bid contracts to grade firms applying to open new cannabis businesses, but the process hit a standstill because of the firm's ban on travel during the pandemic and a contract provision requiring it pick up applications by hand.
When the operators of Illinois' medical marijuana businesses were given first crack at growing and selling recreational weed in the state, everyone else looking to break into the new industry was forced to wait months to even apply for licenses. They then saw their prospects put on hold when the COVID-19 pandemic brought everything to a halt.
And here's another article:
Actionable Insights on Impact of COVID-19 Outbreak on Accounting and Budgeting Software Market
The report include a thorough study of the global Accounting and Budgeting Software Market. It has successfully pointed out the key factors that have substantial impact on the Accounting and Budgeting Software market. This report is a result of a well-planned research methodology. The methodology employed both primary and secondary research tools.
These tools aid the researchers to gather authentic data and arrive at a definite conclusion. The prevailing competitors in the global Accounting and Budgeting Software Market has also been pictured in the report, offering an opportunity to the Accounting and Budgeting Software market players to measuring system their performance.
Should accountants be charging for PPP services? | Accounting Today
But here's a question: If you're helping your clients with PPP work, are you charging them? If you are, you're not alone. Many of the accountants that I speak to anecdotally are sending invoices for this work. But a few aren't. It's certainly not unethical to charge, and many in the profession justifiably believe that they're providing an important, billable service. I don't disagree.
By not charging a client (and making sure the client knows it!) you're not only unselfish, but you're demonstrating your commitment to your relationship and your concern for their long-term viability. You're demonstrating that you care by putting your money where your mouth is and absorbing some additional costs … just like they are. That type of skin in the game will likely go a long way once things eventually turn back around.
Young New Yorkers accounting for more COVID infections | The Daily
NEW YORK — Health officials say young people are continuing to account for a greater percentage of the new COVID-19 infections in New York state.
The 20- to 29-year-old demographic now accounts for 13.2% of confirmed positive test results, Gov. Andrew Cuomo said during a briefing Thursday, up from 9.9% a week earlier. Too many are congregating in group settings ideal for transmitting the virus, the governor said.
Paraphrasing the Beastie Boys' classic anthem, he admonished: "This is not the time to fight for your right to party."
Happening on Twitter
#India is the biggest democracy in the world. Over the past decade or so, the corrupt @BJP4India has been topplin… https://t.co/mSFdIAZF0N Sowmyareddyr (from Bengaluru, India) Sun Jul 26 18:21:13 +0000 2020
Marlins had every single thing going against them today, but somehow pulled it out. Biggest win for this new regime… https://t.co/n5iTaxqnQf CraigMish (from Florida, USA) Sun Jul 26 20:52:53 +0000 2020
Lucknow: 449 more people tested positive for the novel coronavirus infection the city on Sunday. It was the city's… https://t.co/RoUpaQ8JGU TOILucknow (from Lucknow) Sun Jul 26 19:43:46 +0000 2020
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