Payrolls fell sharply in December, as the U.S. Bureau of Labor Statistics reported Friday that employment declined by 140,000 jobs amid the continuing economic fallout from the novel coronavirus pandemic. Nevertheless, the accounting and bookkeeping sector added 2,300 jobs last month.
The unemployment rate remained at 6.7 percent despite the job cuts, which were the steepest since last April. The BLS revised upward the figures for both October and November, with the October figures going up by 44,000, from a gain of 610,000 jobs to a gain of 654,000. The change for November was revised upward by 91,000 jobs, from a gain of 245,000 jobs to a gain of 336,000. With those revisions, employment in October and November combined was 135,000 more than previously reported.
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BDO merges in MBAF | Accounting Today
BDO USA is expanding in Florida by adding Morrison, Brown, Argiz & Farra LLC, a Top 50 Firm in Miami, effective Jan. 16.
The M&A deal will be BDO's eighth in the past year. The Top 10 Firm's fiscal year 2020 revenue totaled $1.8 billion, up 11 percent year-over-year. The firm hopes to reach $2 billion in FY21 by expanding its existing market in places like South Florida while investing in new services.
Financial terms of the deal were not disclosed. MBAF CPAs ranked No. 36 on Accounting Today 's 2020 list of the Top 100 Firms. MBAF's annual revenue was $135 million as of June 30, 2020. The firm has over 60 partners and more than 500 employees. BDO USA ranked No. 7 on Accounting Today 's 2020 list of the Top 100 Firms, and over 600 partners and 8,000 employees.
Accounting – Brookdale Community College
Welcome to the Accounting Department at Brookdale. Students interested in pursuing a four or five-year Accounting degree may choose to first earn an AS in Business Management at Brookdale. At Brookdale, you will take the general education and career courses that will allow you to transfer into a bachelor’s or master’s degree program.
Back to basics: Hedge Accounting
Hedge accounting is a practice of accountancy that attempts to reduce any volatility created by the repeated adjustment of a financial instrument's value. Every business, regardless of its size or sector, is inherently exposed to risks.
Put simply, hedge accounting enhances the basis for recognising gains and losses on hedging instruments by matching the timing of their impact to profit or loss with the hedged items.
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APEX Communications Endows Scholarship for Students in Accounting
City Council candidates file final accounting of funds
SPRINGDALE -- The two candidates who spent the most and the least, Kevin Flores and Jeff Watson, respectively, won their seats on the City Council during the Nov. 3 general election.
Candidates were required to file a final accounting of their campaign contributions and expenditures by Dec. 30.
Kevin Flores, the new alderman for Ward 2, representing the southeastern part of the city, raised and spent more money than any other candidate. He raised $38,585 and spent $38,006, according to financial disclosure reports filed with the Washington County Clerk's office.
5 accounting considerations for divestitures and carveouts - Journal of Accountancy
Organizations may pursue a divestiture, a spinoff, or a partial divestiture (also referred to as a carveout) for any number of reasons.
From an accounting perspective, each of these terms means something a little different. For instance, a divestiture typically refers to a company disposing of an entire line of business or separate subsidiary that will usually be defined as a business. A carveout usually entails the disposition of a portion of a business that will need to be carved out of a separate subsidiary or line of business.
AICPA promotes Sue Coffey to CEO of public accounting | Accounting Today
The Association of International Certified Professional Accountants has promoted longtime AICPA executive Sue Coffey to the new position of CEO of public accounting.
Coffey has been a top leader at the AICPA for many years who has taken on more of a global role after the American Institute of CPAs teamed on a joint venture with the U.K.'s Chartered Institute of Management Accountants to create the Association of International Certified Professional Accountants in 2016.
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