Thursday, October 1, 2020

Expert’s choice: Top accounting apps | Accounting Today

This year has been anything but easy, and the COVID-19 pandemic truly tested the ability of accountants' tech stacks to hold up to a completely remote environment, quickly. Apps with superior functionality and easy remote access were the easily identifiable favorites this year, but apps that deal specifically in forecasting, budgeting and cash-flow management have taken on special importance as businesses experience disruption on a massive scale.

The apps featured here function as extensions of the central accounting software platform that accountants choose to use. A key feature of a favorite or very popular app is the strength of its integration with accounting software, but there are other apps that don't necessarily integrate that prove their value nonetheless. Ultimately, the tools serve to add value on top of standard accounting functions.

Publisher: Accounting Today
Date: 2020-10-01T13:00:26.335
Author: https www accountingtoday com author ranica arrowsmith
Twitter: @AccountingToday
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While you're here, how about this:

CAS as the core of an advisory practice | Accounting Today

While Client Accounting Services can stand on their own, the insights they offer into clients' businesses make them a potential springboard to a wide-ranging constellation of high-value advisory services.

Publisher: Accounting Today
Date: 2020-10-01T13:31:15.99
Twitter: @AccountingToday
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Coronavirus update: Global case tally above 34 million with U.S.

The number of confirmed cases of the coronavirus that causes COVID-19 worldwide rose above 34 million on Thursday with the U.S. accounting for about a fifth of that total, as Dr. Anthony Fauci hit back at claims made by President Donald Trump during Tuesday's presidential debate on face masks.

"Anybody who has been listening to me over the last several months knows that a conversation does not go by where I do not strongly recommend that people wear masks," he said. The podcast will be available in full on Thursday, according to ABC.

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Publisher: MarketWatch
Author: Ciara Linnane
Twitter: @marketwatch
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In the soup - The proliferation of sustainability accounting standards comes with costs |

N OWHERE IS CORPORATE do-goodery more on show than in a firm's sustainability report. Today 58% of companies in America's S & P 500 index publish one, up from 37% in 2011, according to Datamaran, a software provider. Among the photos of blooming flowers and smiling children, firms sneak in environmental, social and governance ( ESG ) data, such as their carbon footprint or the share of women on boards. But the information differs wildly from firm to firm.

The Reporting Exchange, a website that helps corporations disclose sustainability data, tracks various ESG -related guidelines, such as regulations and standards. Across the world the number grew from around 700 in 2009 to more than 1,700 in 2019. That includes more than 360 different ESG accounting standards.

Publisher: The Economist
Twitter: @TheEconomist
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Not to change the topic here:

The best firms for women | Accounting Today

This report singles out the members of the Best Accounting Firms to Work For that are most successful at creating workplaces of choice for women.

Publisher: Accounting Today
Date: 2020-10-01T13:31:13.455
Twitter: @AccountingToday
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FASB Further Delays Accounting Rule on Insurance Contracts - WSJ

Insurance companies are getting even more time to implement a new rule for valuing long-term contracts following a vote by the Financial Accounting Standards Board on Wednesday.

The rule maker, which sets accounting standards for companies and nonprofits in the U.S., in June proposed a delay of another year for the new rule amid the economic harm caused by the coronavirus pandemic. The rule was first delayed by a year last November to give companies more time to modernize their processes for reporting and valuation.

Publisher: WSJ
Date: 2020-09-30T21:12:00.000Z
Author: Mark Maurer
Twitter: @WSJ
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Boomer's Blueprint: Taking CAS to a higher level | Accounting Today

Accountants spend too much time in meetings discussing the definition, pricing, niche markets and service requirements associated with client accounting services. Now is the time for action and a change in mindset where the focus is on automation and adding value.

In this article, we will focus on 10 rules related to client accounting services, how to increase value, improve the client experience, and scale the services.

Publisher: Accounting Today
Date: 2020-09-30T13:00:57.569
Author: https www accountingtoday com author l gary boomer
Twitter: @AccountingToday
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Vail accounting executive resigns

Vail Resorts Inc. (NYSE: MTN) chief accounting officer and controller Ryan Siurek has resigned from those positions effective Tuesday, according to a filing with U.S. Securities and Exchange Commission.

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Siurek is being replaced by Nathan Gronberg, a 42-year-old who has been assistant controller since early 2019.

With the new role, Gronberg will receive a compensation package that includes "restricted share units of approximately $54,723 and share appreciation rights of approximately $187,582," according to the regulatory filing.

Publisher: Boulder Daily Camera
Date: 2020-09-29T21:47:24 00:00
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