Monday, September 21, 2020

Why the continuous close can’t wait | Accounting Today

The quick onset of the pandemic highlighted traditional accounting practices that have been overdue for change, and the situation has forced us all to take a hard look at what works and what doesn't.

Now more than ever, businesses must have faster access to financial data at the heart of decision-making. In this moment, the last thing you want to incorporate into your workday is a stressful or maddening project — adjectives that are often associated with the month-end close.

Publisher: Accounting Today
Date: 2020-09-21T13:00:23.035
Author: https www accountingtoday com author tom kelly
Twitter: @AccountingToday
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Many things are taking place:

German Regulator Looks to Open Probe Into Grenke's Accounting

(Bloomberg) -- Germany's financial regulator is considering opening a probe into Grenke AG's accounting practices, wading deeper into the controversy after criticism of its failure to unearth fraud at Wirecard AG.

* * *

BaFin is expected to mandate an auditing firm to carry out the investigation of Grenke's accounts, according to people familiar with the matter. The German regulator has so far limited its involvement into looking at whether Grenke or other parties manipulated the price of the leasing company's securities.

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FASB proposes to simplify revenue recognition for franchisors | Accounting Today

When a franchisee business owner opens a new branch of a franchise, the franchise agreement generally requires the franchisor to perform certain pre-opening activities to support the new branch. Those activities may include services such as training or site selection.

FASB's proposed practical expedient would allow certain pre-opening services listed within the guidance to be accounted for as a single bundled, separate performance obligation, if it is probable that the continuing fees in the franchise agreement would be sufficient to cover the franchisor's continuing costs plus a reasonable profit.

Publisher: Accounting Today
Date: 2020-09-21T14:52:58.18
Author: https www accountingtoday com author michael cohn
Twitter: @AccountingToday
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Reduce Errors, Streamline Transactional Information, Perform Easy Accounting · Wall Street

SAN FRANCISCO, CA Sept. 21, 2020 – Big Commerce Payments recently announced that its platform now takes advantage of the NEW PARTNERSHIP between BigCommerce® and QuickBooks®, making it far easier for companies to sell online and accurately record those transactions. BigCommerce® offers optimal QuickBooks® integration that is designed to support a diverse range of merchant and organizational needs, streaming day-to-day operations and helping to take the headache out of accounting and tax time.

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Publisher: Wall Street Call
Date: 2020-09-21T07:00:00 00:00
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And here's another article:

CalCPA 2020 Farmers Tax and Accounting Virtual Conference to Focus on Impact of the Pandemic,

WHAT: This one-day, virtual conference will cover: the Impact of COVID-19 on various agricultural sectors/supply chain and how to prepare for the next pandemic; Impact of California wildfires; taxation update; IRS audit updates; lease accounting in agriculture; transition planning; sustainable groundwater management act (SGMA) update; labor and employment law update; returning to work in a COVID-19 environment: trends in farm agriculture lending; economic update: outlook for agricultural

Date: 9D28F7743C790DD88F2D9C7375EF7ED5
Author: California Society of CPAs
Twitter: @PRNewswire
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Private Franchisers Get Backing for Revenue Accounting Break
Twitter: @tax
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Payroll and Accounting Services Market Is Booming Worldwide | PwC, Ernst & Young, Deloitte

Payroll and Accounting Services Market with Covid-19 Impact Analysis: Forecast to Show Spurring Growth by 2020-2026" to its research database. The global Payroll and Accounting Services Market research report is an output of a brief assessment and an extensive analysis of practical data collected from the global Payroll and Accounting Services Market . The data are collected on the basis of industrial drifts and demands related to the services & products.

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AdaptHealth Corp. Appoints Frank J. Mullen as Chief Accounting Officer

AdaptHealth Corp. (NASDAQ: AHCO) ("AdaptHealth" or the "Company") , a leading provider of home medical equipment, supplies and related services in the United States, announced today the appointment of Frank J. Mullen as Chief Accounting Officer, a newly created position. Mr. Mullen will report to Jason Clemens, AdapthHealth's Chief Financial Officer.

Mr. Mullen will manage AdaptHealth's accounting functions, including financial reporting, controls and operations. Additionally, he will lead the development, implementation and management of enterprise-wide practices, systems and internal controls.

Date: A9862C0E6E1BE95BCE0BF3D0298FD58B
Twitter: @YahooFinance
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