Reporting standards in the world of environmental, social and governance investing, long a thicket of competing frameworks, could converge within 12 to 24 months, said Janine Guillot, head of the Sustainability Accounting Standards Board.
Guillot spoke to Barron's in a joint interview with Brian Moynihan, CEO of Bank of America, this month. During the interview, Moynihan endorsed the work of SASB, which has a leading framework to report sustainable metrics. He also said that the apparently competing effort by the International Business Council of the World Economic Forum, which he leads, and the Big Four Accounting Firms is misunderstood.
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Bloomberg Tax & Accounting To Provide IRS With Corporate Tax Analyzer Software Under New
ARLINGTON, Va. , Dec. 14, 2020 /PRNewswire/ -- Bloomberg Tax & Accounting today announced that it was selected by the IRS for a multi-year contract award to provide the agency with its Corporate Tax Analyzer and Income Tax Planner software tools.
As recipient of this award, Bloomberg Tax & Accounting provides IRS users with access to the Corporate Tax Analyzer software to calculate corporate taxpayers' liability in audit scenarios by applying complex tax rules over multiple years.
Accounting Society Hosts College Planning Seminar Dec.
CANFIELD, Ohio – The Mahoning Valley Accounting Society will host a seminar on college planning Dec. 17.
The two-hour seminar, from 8:30 a.m. to 10:30 a.m., will teach accountants how to help clients maximize college funding, plan for financial aid and decrease their debt load. The event is held at A La Cart Catering, 429 Lisbon St. in Canfield.
It is led by Rod Meeker, an independent education consultant, and counts as two hours of continuing education.
Art of Accounting: Writing a Christmas letter redux | Accounting Today
Last year, I wrote a column suggesting writing a Christmas letter for your practice. Upon reflection, I think this is even more important this year.
This letter would be similar to the many letters we all get from family and friends recounting the past year. I think there would be great benefit to doing this for your practice.
We are closing the chapter on a terrible year, primarily because of the pandemic but also because of many social and political issues. Consider reflecting on how you dealt with it, how you propose to handle it in 2021, and perhaps where you see your practice (and perhaps many of your clients) in five years. This can be reassuring to staff and clients, inject transparency, and express and share hope and optimism. I suggest these letters for all size firms, including sole-proprietor practices.
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Tips and tools for conducting prospect research | Accounting Today
Since the average B2B professional services sale can now involve up to half a dozen decision-makers, it's essential to understand each company's structure, its stakeholders and decision-makers, and what motivates them. Good prospect research can provide a wealth of information that will help you better connect with the prospect and increase the likelihood they'll want to buy your services.
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Prospect research is the discovery process used to identify, evaluate and gain insight into the industries, organizations and individuals that offer the most value for your accounting firm. Its purpose is to help you develop the most effective tools and techniques you can use to engage and persuade prospects, with the goal of establishing a client relationship with them.
BOSS Offers Two Major Accounting Outsourcing Choices to Suit Every Firms' Needs |
BOSS (Back Office Shared Services) offers two varied accounting outsourcing packages in order to meet the needs of the various types of accounting firms throughout Australia, no matter the size or structure all practices can benefit. Lindfield, New South Wales, AUSTRALIA (PRUnderground) December 14th, 2020
Since its founding in 2004, BOSS has had a few different accounting packages on offer however they've always strived to improve by creating an environment of excellence within the outsourced accounting industry. And it's this excellence that led to the outcome of the different packages they offer today. The Freedom Service and the Exclusive Dedicated Service both designed to appeal to the variety of accounting practices in Australia.
Blog: SEC brings settled charges against GE for disclosure violations and inadequate accounting
As noted above, the SEC’s Order concerns two of GE’s business segments, GE Power and the insurance segment.
GE Power. GE Power manufactures, sells and services gas turbines. In 2014 and 2015, GE described its power markets as “flat” and, to achieve operating earnings and cash targets, increasingly relied on long-term (15 to 30 years) contracts for repairs and service of customers’ power turbines, with revenue from service contracts accounting for as much as 98% of segment profits and all of its operating cash flows in 2017.
CIMA announces recipients of inaugural Excellence Awards | Accounting Today
The Chartered Institute of Management Accountants has announced that 111 global professionals have received its inaugural Excellence Awards. Winners were announced during a virtual awards ceremony on Dec. 11, 2020.
The Excellence Awards honor academic partners, education providers and students who have "made significant contributions to the accounting profession and the institute over the past year" through efforts made in teaching, research and learning in accounting education.
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