Traditional accounting methods do not fully capture the externalized costs of economic activities in the food and agricultural space, and this shortcoming is becoming more apparent because climate change is intensifying the focus on sustainable development. Against this backdrop, some industry officials think that true-cost accounting for food offers a better way forward.
True-cost accounting aims to make visible the full costs of food by identifying, measuring and valuing the positive and negative environmental, social and health-related externalities of food and agricultural systems. The idea is that it can help companies make informed decisions about their supply chains, help governments develop more effective policies and help consumers make better buying decisions.
This may worth something:
State audit of Lorain County Port Authority details accounting errors | Chronicle Telegram
Stimulus and McConnell will likely inhibit Biden's tax plan | Accounting Today
President-elect Joe Biden has pledged to repeal President Donald Trump's tax cuts as soon as he is inaugurated, but the ongoing financial crisis and the prospect of a Republican-controlled Senate could waylay that proposal for the foreseeable future.
Biden will likely soon send a deficit-financed economic recovery bill to Congress, delaying any progress on a tax-increase plan for at least a couple of months, despite his pledge to work to reverse the tax cuts on day one of his presidency.
In Balance Accounting welcomes new owners | Heraldrepublican | kpcnews.com
Jeff and Jody Porter have decided to retire from In Balance Accounting. The business will be taken over by Dwayne and Michele Bottoms, both certified public accountants with experience in an array of areas to help clients with their needs.
ANGOLA — After 23 years of providing personalized accounting and tax services, Jody Porter and her husband Jeff have made the decision to retire from In Balance Accounting.
Quite a lot has been going on:
IPSASB pushes back dates of public sector accounting standards due to coronavirus | Accounting
The International Public Sector Accounting Standards Board has deferred the effective dates of several of its upcoming standards and amendments to give government accountants around the world an extra year to implement them during the COVID-19 pandemic.
The IPSASB, like other accounting standard-setters such as the Financial Accounting Standards Board in the U.S. and the International Accounting Standards Board, is delaying the dates in response to the global COVID-19 pandemic and the challenges it has created. The pronouncement aims to give stakeholders more time to implement the following standards and amendments:
best firms for young accountants | Accounting Today
This new report singles out the members of the Best Accounting Firms to Work For that are most successful at creating workplaces of choice for younger members of the workforce.
Accountants respond to the Expensify letter | Accounting Today
Most accountants reacted negatively to the letter, stating that Barrett had no right to force his political views on his customers and partners, and that it was inappropriate to do so. Some accountants, however, believe that it was brave of Barrett to state his position so boldly. Those who responded positively see the current effort to vote Trump out of office as more important than the "neutrality" of the profession or any other consideration.
"We have a history of getting involved with complicated issues and trying to find a way to help," Barrett told Accounting Today the day he sent the letter. "We try to stand by our values. We know we didn't get here alone — we acknowledge systemic bias."
FASB deals with uncertainties from pandemic and election | Accounting Today
Financial Accounting Standards Board Chairman Richard Jones had to deal with the coronavirus pandemic just as he was starting the transition with immediate past chair Russell Golden, and now he is facing the uncertainty of the presidential election and what Congress might do with accounting standards.
"I actually got to join in March and I spent a whole week in the office before I had to work remote as part of the transition," Jones said Wednesday during Financial Executives International's Corporate Financial Reporting Insights Virtual Conference. "Changing the workforce from an in-place to a remote workforce was probably one of the first things we worked on."
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