A new report from compliance management and analytics provider Intelligize reviews Securities and Exchange Commission (SEC) comment letters and replies related to the Financial Accounting Standards Board’s (FASB’s) ASC 842 lease accounting standard, and it confirms that FASB and the SEC have shown considerable patience in enforcing the new rule, which requires the tracking and disclosure of all of a company’s leased assets, both finance and operational.
Many things are taking place:
Accounting worker claims ... prank got department shut down for 3 hours |
An accounting worker claims to have caused chaos in his department after pulling a prank “à la Jim from ‘The Office,’” which ultimately forced his bosses to shut down the entire workplace for hours.
The employee, who shared the story anonymously on Reddit , claims he “thought it would be funny to put a Bluetooth speaker in the ceiling and play sounds of cats over it.”
Helping business clients improve cash flow during these highly unusual times | Accounting Today
Accountants are often highly trusted advisors for small and midsized businesses. They turn to you in times of uncertainty and when their businesses face new challenges. This has never been more present than in today's business climate; and when it comes to cash flow, the solutions have never been more critical. We know the importance of strong cash flow for these organizations. It often means, literally, keeping the lights on.
In simple terms, improving cash flow or, said a different way, getting paid faster, comes down to a few targeted actions: send invoices quicker, offer digital options and only manage exceptions. Let's break down each of these in order.
Diversity in accounting: An ethical, social and practical imperative | Accounting Today
" While diversity practices are developing, progress is fragmented … For the wider profession, there are long-term stakes in legitimacy, professional ethics, trust creation, and future recruitment."
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Because despite America being increasingly diverse, minority workers are still likelier than whites to be unemployed or declined a promotion or senior position. In 2016, Pew Research published that 40 percent of both men and women were more likely to hire men over women; in 2018, almost 90 percent of corporate executives were white and roughly 73 percent were male, and just three Fortune 500 companies in the country were headed by an African-American as CEO.
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Segal Speaking Series benefits accounting students - The Brown and White
The Segal Accounting Distinguished Speaker Series returned on Sept. 23 and featured Jeff Goldberg, '92, associate chief counsel at Amazon.
The Distinguished Speaker Series is part of an accounting course in which students are educated about issues pertaining to the accounting profession from successful alumni.
The course is offered through Zoom this semester due to COVID-19 in the form of webinars and Q&A sessions with the featured speakers.
Monmouth County accounting firm owner charged with Theft
A Middlesex County man who was allegedly cooking the books at a Monmouth County accounting firm now faces up to ten years in prison after being charged with stealing $385,000 in tax payments from a multi-million dollar wholesale distribution company based in South Carolina.
Monmouth County Prosecutor Chris Gramiccioni announced Thursday that William A. Berry, 48, of South Plainfield, was charged with second degree Theft by Failure to Make Required Disposition.
ConocoPhillips Pledges $200,000 For OSU Accounting Collaborative For Excellence Lab
ConocoPhillips has pledged 200,000 dollars for Oklahoma State University's Accounting Collaborative for Excellence Lab.
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According to school officials without the support from partners like ConocoPhillips the lab would not be possible.
National Accounting Board recognizes UAB accounting student Hannah Marcelino's academic
Hannah Marcelino Hannah Marcelino, a University of Alabama at Birmingham Collat School of Business student, was named a Public Company Accounting Oversight Board Scholar and awarded $10,000 to use for tuition and educational expenses.
Easy access to education that could lead to job opportunities is also a major element of the scholarship. Marcelino, an undergraduate accounting student, was selected for the scholarship for her high GPA and her involvement within numerous student accounting organizations.
Happening on Twitter
Harris Press Sec @sabrinasingh24 on VP Pence opposing plexiglass on his side: "If the Trump administration's war on… https://t.co/uqXK94cgEi JacquiHeinrich (from New York, NY) Tue Oct 06 21:48:58 +0000 2020
Kirby Smart said his relationship with Jeremy Pruitt is still good, despite the Cade Mays transfer and fallout. (Th… https://t.co/bB3x0FiU8j SethWEmerson (from Athens, GA) Mon Oct 05 16:15:17 +0000 2020
Comment your preseason choice for SEC Freshman of the year‼️ @CooperSharife https://t.co/oHmrf2Ewis SLAM_HS Sat Oct 03 02:28:11 +0000 2020
Per comment from an Ole Miss spokesperson, Otis Reese still has not been cleared by the NCAA despite Sankey's state… https://t.co/M7ags0YE6W nicksuss (from Oxford, MS) Wed Sep 30 23:32:04 +0000 2020
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