Tuesday, October 27, 2020

Employers refilling open accounting jobs amid pandemic | Accounting Today

Nearly 70 percent of organizations that have furloughed or laid off their employees during the novel coronavirus pandemic plan to back-fill the roles that were eliminated with other employees taking over, according to a new survey, and nearly half (46 percent) of respondents in accounting and finance indicated that their department would definitely back-fill roles that were eliminated during the pandemic.

The survey, by the staffing company Adecco, which runs Accounting Principals, polled 1,152 hiring decision-makers and managers, and found that nearly 86 percent of general respondents said they plan to back-fill roles in less than a year and 61 percent plan to do so in less than six months.

Publisher: Accounting Today
Date: 2020-10-27T10:01:41.545
Author: https www accountingtoday com author michael cohn
Twitter: @AccountingToday
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Many things are taking place:

Professor appointed editor at top accounting journal | The University of Kansas

LAWRENCE — University of Kansas professor Chan Li has been appointed as an editor at The Accounting Review, the premier journal for accounting research.

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Li is the Stephen A. Batman Professor at the KU School of Business. She joined the faculty in fall 2019. Her editorship marks the third among recent Accounting Review editorial rotations for KU business school accounting faculty. Colleagues who previously served as Accounting Review editors include Mike Wilkins, Larry D. Horner/KPMG Professor, and Michael Ettredge, distinguished professor emeritus.

Publisher: The University of Kansas
Date: 2020-10-23T11:48:59-05:00
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Under Armour faces new allegations of fraudulent accounting in amended shareholder lawsuit -

Under Armour founder Kevin Plank resorted to "sales tricks" and improper accounting to attain unrealistic sales goals as the brand's popularity faded, shareholders allege in a revised class-action lawsuit.

New allegations in a lawsuit initially filed three years ago say the company and Plank, as the sports apparel maker's then CEO, violated federal securities laws to mask a slowdown after a streak of 26 consecutive quarters of at least 20% growth ended abruptly in late 2016.

Publisher: baltimoresun.com
Date: AAC9C18F70AC386BC4DCF4DDF9BF1786
Author: Lorraine Mirabella
Twitter: @baltimoresun
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Art of Accounting: 2 days of free CPE last week | Accounting Today

Last week I spent parts of two days at the Accounting & Finance Show USA and, from what I could tell, it was very well attended and organized and the virtual meetings were held without any hitches.

I attended these programs in person during the last two years. When I received the promo material, there were many choices at every concurrent session. I found it difficult to narrow it down, but I did. Without realizing it, I chose six sessions from six different areas and found that, in itself, very interesting. Here is a rundown of what I took and the reasons for it. Each session was one hour.

Publisher: Accounting Today
Date: 2020-10-26T17:02:37.538
Author: https www accountingtoday com author edward mendlowitz
Twitter: @AccountingToday
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And here's another article:

Truly Nolen promotes accounting team member - Pest Management Professional : Pest Management

Truly Nolen Pest Control has promoted John Welsh to senior reporting analyst in the company's accounting department. Welsh is based at the company's headquarters in Tucson, Ariz.

"I am excited about the potential growth of the reports department and the different technologies that will help us to expand," Welsh said. "Our team continues to explore more of an analytical approach and create presentations to help our executive team with their business decisions."

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Publisher: Pest Management Professional
Date: 2020-10-26T12:00:17 00:00
Twitter: @pmp_magazine
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New twists in year-end tax planning | Accounting Today

If suggested end-of-year strategies are a little different this year, it's because the year itself was different. What began as a normal filing season was extended to July 15, 2020, and other ramifications of the COVID-19 pandemic — quarantine in place, working from home, CARES Act legislative issues, social turmoil, all with a hugely meaningful election on the horizon — saw to that. And that's without mentioning the election that we're on the cusp of.

Because COVID-19 has made this a bad year for many businesses, the traditional year-end tax planning strategies may not make sense, according to tax attorney Barbara Weltman, author of "J.K. Lasser's Small Business Taxes 2021."

Publisher: Accounting Today
Date: 2020-10-27T13:00:25.585
Author: https www accountingtoday com author roger russell
Twitter: @AccountingToday
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Developing accounting methods for land cover changes — European Environment Agency

Do something for our planet, print this page only if needed. Even a small action can make an enormous difference when millions of people do it!

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Land accounting — including harmonised datasets, transparent methodologies and easily interpretable statistics — is needed for land-related policies that aim to address climate, biodiversity or other sustainability challenges. Land accounting can show, for example, how much land has been converted to urban areas and changes in arable land or forests. In many cases, satellite data, such as those provided by Copernicus , can support the monitoring of changes in land use, the EEA briefing notes.

Publisher: European Environment Agency
Date: 2020/10/27 -
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SEC and DOJ Parallel Charges for Accounting Fraud

The number of public company and accounting fraud cases filed under SEC Chair Jay Clayton has declined. The SEC, however, continues to selectively pursue these types of cases. In the latest example, in aggressive parallel actions, on October 8, 2020, the SEC filed charges against SAExploration Holdings, Inc.

In February 2020, SAE issued restated financial statements reaching as far back as 2014 which, among other things, corrected a $100 million overstatement of revenue and resulted in a $35 million reduction in the value of the company's assets. Perhaps unsurprisingly, in August 2002, SAE filed a voluntary Chapter 11 bankruptcy petition in the Southern District of Texas.

Publisher: The National Law Review
Date: 5493B547C0AB527FF4CF8C4D0127302A
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