The accounting profession is not necessarily known for being technologically savvy. On the contrary, it's an industry that can often rely upon outdated processes and paper, as it has for decades.
But like so many other sectors, the accounting space can no longer afford not to modernize as the pandemic forces organizations to shift online in a remote work setting.
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CIOs Must Safeguard Against Year-End 'Pandemic Accounting' Traps
That's why CIOs must be prepared and determined to safeguard against year-end financial games. When it comes to the books, CIO responsibilities are not limited to cybersecurity, transaction processing and data warehousing. As technology becomes more central to business models, CIOs need to better understand financial reporting.
In terms of results, very dangerous conversations start with "how do we want the numbers to look?" The "as bad as possible" answer could be quite popular this year. If there is zero chance to hit targets, loading the financials with every conceivable loss and expense clears the slate for shinier future earnings.
FASB to seek input on its standard-setting agenda - Journal of Accountancy
FASB will seek input on what its future standard-setting priorities should be in an agenda consultation that's starting this month, board Chair Richard Jones said Tuesday at the AICPA Conference on Current SEC and PCAOB Developments.
"The FASB undertook a successful agenda consultation project in 2016," said Jones, who replaced Russell Golden as chair of FASB in July. "I believe it's time to do it again."
This month, FASB will begin to conduct outreach with its advisory and other stakeholder groups to understand priority areas that the board should address. FASB will hold meetings and request written comments to evaluate the feedback.
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Many things are taking place:
DoorDash IPO - How to get a job in consulting - AI in accounting | Business Insider India
The first of the final round of high-profile IPOs in 2020 is set to occur today. DoorDash hits the public markets in what has been a highly-anticipated tech IPO.
Samantha Stokes got the rundown from FTI Consulting's global talent acquisition leader about what the firm looks for in candidates.
New end-of-year tax planning issues | Accounting Today
For tax professionals and taxpayers alike, the past year was characterized by various legislation addressing the coronavirus pandemic, as well as by reacting to the continuing implementation of the Tax Cuts and Jobs Act. Moreover, legislation passed at the end of last year affected expiring tax provisions, retirement provisions,and disaster relief.
Many of the tax law changes, including the ones related to pandemic relief, currently expire at the end of 2020, observed Mark Luscombe, principal federal tax analyst at Wolters Kluwer Tax & Accounting. "Both individual and business taxpayers may need to act before year-end to take advantage of many of these tax breaks," he said.
Seeking Job as Business or Accounting Assistant or Babysitter | the Beijinger
Hello there, I'm Sara. firstly let me introduce myself briefly. I got a bachelor degree in 2011, majored in business administration. Two years later after my graduation, I studied accounting in two financial training schools for two years and I got a certificate of accounting profession.
BeachFleischman names chief strategy & marketing officer Eric Majchrzak next CEO | Accounting
Southwest Regional Leader firm BeachFleischman announced that Eric Majchrzak, the Tucson, Arizona-based firm's chief marketing and strategy officer, has been appointed CEO-elect.
Majchrzak will assume the role of CEO on Jan. 1, 2022, succeeding Marc Fleischman to become the third CEO in the firm's 30-year history and the first non-CPA to lead the firm. Fleischman began his CEO tenure in 2016, succeeding co-founder Bruce Beach.
Majchrzak was appointed by the firm's board following a comprehensive search process as part of the firm's formal succession plan. After the one year transition, Fleischman and president David Cohen will both retain leadership roles on the firm's board of directors and continue to serve the firm's clients and community, with Cohen continuing in his role as president.
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