Accounting standard setters and regulators seek greater comparability in financial reporting . In fact, U.S. GAAP has been significantly evolving over the years , but accounting standards are inherently complex. And, the recent changes in U.S. GAAP actually introduced new analytical challenges for investors.
The existing standards provide accounting chiefs with alternative choices (e.g., inventory cost-flow assumptions, depreciation methods, accounting for derivatives) and a great deal of discretion in their estimations. In addition to the variation in accounting policies observed across industry peers, there is also considerable variation in firms' accounting consistency over time .
This may worth something:
Art of Accounting: Training staff remotely | Accounting Today
Training staff effectively and properly is a major reason for a firm's success. With the switch to remote work it is harder to train one-on-one so new methods need to be developed. Here are some things you can try.
The above suggestions are some things you can consider. I have done every one of these, and they've all worked well for my staff and me.
GASB offers guidance on CARES Act and coronavirus | Accounting Today
The Governmental Accounting Standards Board released a technical bulletin with guidance for applying existing GASB standards to transactions related to the CARES Act and outflows incurred in response to the COVID-19 pandemic. It answers some of the questions raised by GASB stakeholders, especially state and local governments.
Legal Accounting Software Market (COVID-19 UPDATED) Industry Data Analysis 2020-2025 | NetSuite,
The Legal Accounting Software market has been changing all over the world with immense growth potential in terms of revenue generation and we have been seeing great growth in the Legal Accounting Software market and this growth are expected to be huge by 2025.
Top Companies are covering This Report:- NetSuite, Sage Intacct, Deskera ERP, Multiview, Xledger, EBizCharge, Bench, Infor, Workday, BQE Core.
This report has been detailed and is structured in a manner that covers all of the aspects required to gain a complete understanding of the pre-market conditions, current conditions as well as a well-measured forecast in order for the client to establish a strong position in the Legal Accounting Software market.
Not to change the topic here:
AICPA offers $50K in COVID-19 grants to accounting students | Accounting Today
The American Institute of CPAs announced on Monday that it is offering up to $50,000 in education grants to help undergraduate and graduate accounting students who been monetarily impacted by the ongoing COVID-19 pandemic.
Funded by the AICPA Foundation, the COVID-19 Student Hardship Grant will provide up to $2,000 each to 25 students undergoing hardships, such as a loss of job or internship due to COVID-19, to help reimburse education-related expenses.
Scholarships Help Accounting Students Achieve Their Dreams | CU Denver Business School News
Jake Hattaway, a BSBA Accounting student at the CU Denver Business School, has been awarded a $10,000 merit scholarship from the Public Company Accounting Oversight Board (PCAOB). Jake was nominated for the scholarship by the Business School Accounting program for his academic success and involvement in the BSBA Accounting program.
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"As a first-generation college student, it has always been my goal to obtain a degree and this scholarship will be a huge step in the process of me reaching that goal," says Jake.
Will Wirecard's collapse lead to big changes for the accounting profession?
Could the collapse of German payment firm Wirecard be a similar catalyst for changes to the accounting profession as Enron's controversial implosion was in 2001?
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On Monday the UK's Financial Reporting Council, which regulates auditors, accountants and actuaries, announced its principles for operational separation of the "Big Four" accounting firms: Deloitte, PwC, Ernst & Young and KPMG.
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Beyond their ecological importance as critical keystone predators, wolves are known for their aggressive cuddling ❤ https://t.co/eW6HTnxaSY nywolforg (from South Salem, New York) Sun Jul 05 13:20:00 +0000 2020
This govt gives no importance to these committees. They unceremoniously removed Gen Khanduri aa head of the committ… https://t.co/sxyjoo5XK6 Pawankhera Mon Jul 06 13:59:55 +0000 2020
In light of all the speculation and fear mongering and judgement around Transitioning. Once again prompted by… https://t.co/L3dvsnaU0V jameelajamil (from The world) Mon Jul 06 00:28:09 +0000 2020
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