Companies, investors and consumers alike are frustrated by a lake of standardized accounting for corporate ESG performance. This might be about to change thanks to a recent proposal from the IFRS Foundation, which is the body that oversees the work of the International Accounting Standards Board (IASB) in setting financial reporting requirements for most companies in the world.
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While sustainability has become a central concern of many managers, investors, and consumers, a major sticking point remains for the ESG movement: There are still no universally adopted standards for how companies can measure and report on their sustainability performance. Instead, we have a large number of NGOs working independently to develop standards for sustainability reporting, which is creating complexity and confusion for companies and investors.
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WKU News | Western Kentucky University
Xuan 'Kate' Ngo, a senior from Bien Hoa, Vietnam, who majored in accounting and finance, graduates next week with a bachelor's degree, certificate in Advanced Professionalism, job offer, and multiple real-world experiences under her belt.
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An article on research conducted at WKU and a photo of a chameleon by University Photographer Clinton Lewis are featured on the cover of the November 2020 issue of the Journal of Experimental Biology.
Can an Accounting Tool Detect Election Fraud? - WSJ
By now, you might have read on Facebook or Twitter that a tool used to detect accounting fraud has supposedly exposed cheating in the 2020 presidential election.
The way the story goes is that in some counties, the distribution of Joe Biden's vote totals across precincts fails an accepted test for catching fraud.
The tool in question is Benford's Law , which observes that in many naturally occurring data sets, more numbers start with one than any other figure, followed by two, then three and so on.
2020 Top 100 People extra: Legacy | Accounting Today
As part of this year's Top 100 Most Influential People survey, Accounting Today asked, "What do you hope your legacy will be?"
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I would like to be remembered as a leader who put the customer at the center of everything and worked hard to solve their pain points. Someone laser focused on driving innovation to help move the accounting profession forward into the future by delivering expert insights and solutions that help them be more effective for their clients
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What Is Accounting For? | Yale Insights
I thought that I wanted to be a lawyer. I grew up in Mannford, Oklahoma, a small town about 20 miles west of Tulsa. My father was an iron worker. My older sister and brother were the first people in our family to go to college. They went to Oklahoma State, so that's what I did.
The head of the accounting department at OSU, Wilton Anderson, was one of the most energetic, thoughtful, passionate and dogged people I've ever met. He believed that accounting was a great profession, especially for somebody like me who didn't have a family background in some other profession.
Why SMBs Should Consider Inventory In Accounting | PYMNTS.com
With B2B FinTech innovation continuing to accelerate, there are troves of accounting platforms from which small businesses can choose when launching operations. While these out-of-the-box solutions can be convenient, with easy-to-use interfaces, the product offering is typically basic and entry-level.
As one of the main functions of an accounting solution is to help a business grow, an SMB will likely eventually find itself too large, and its needs too complex, for an out-of-the-box accounting portal to adequately address.
Employers added 245K jobs in November, but lost 2.4K in accounting | Accounting Today
Employment increased by 245,000 jobs in November, the U.S. Bureau of Labor Statistics reported Friday, marking the slowest month of job growth since the spring and far less than the 610,000 jobs added in October and the 711,000 added in September. Job losses occurred in accounting and bookkeeping and other sectors amid the ravages of the COVID-19 pandemic.
Nevertheless the unemployment rate dipped two-tenths of a percentage point to 6.7 percent. While the 245,000 jobs would have been a good sign of growth last year, they represent a continued slowing of the pace of job growth after millions of job losses at the start of the year. The main job gains in November happened in the transportation and warehousing, professional and business services, and health care sectors. Employment declined in government and retail trade.
Forbes 2021 Best Tax & Accounting Firms
Need business advice? Call your CPA firm. "This year was the perfect case study for why companies should consider leaning on their CPAs as key advisors," says Carla McCall, managing partner with regional powerhouse AAFCPAs in Westborough, Massachusetts.
CPA firms deliver foremost on audit and/or tax services. But these days many of them do much more. "We're a solutions provider," says McCall. As the Covid-19 pandemic rages, that means providing a range of advice: how to capitalize on new delivery models, how to navigate furloughs and payroll changes, how to prevent cyber attacks. Even companies that were doing well before the coronavirus weren't on top of forecasting. All of a sudden everything stopped. They needed help. ASAP.
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A new reporting system could make it possible to measure sustainability results similar to the way we measure finan… https://t.co/qCCGqEcHfc HarvardBiz Fri Dec 04 03:00:08 +0000 2020
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