Ask anyone in the know how the accounting profession has weathered the COVID-19 pandemic so far and you'll hear, in tones that range from bemused to downright triumphant, that it's done extraordinarily well — miraculously well, in fact.
Firms managed to transition to remote work almost overnight. They cemented their status as essential interlocutors between civilians and the labyrinthine requirements of legislators and regulators, and proved themselves invaluable to the ongoing survival of millions of businesses, guiding them through the crisis in countless phone and Zoom calls. And they put a premium on the health and well-being of their staff like never before.
While you're here, how about this:
Tackle this Tax Season with Financial Accounting Know-How on Cheddar
Granite sees opportunity from federal stimulus, addresses accounting irregularities |
On the call, Larkin explained the company's internal investigation uncovered issues related to the timely recording of forecasted costs in its heavy civil group. Since taking over leadership last fall, he said he's headed a "cultural reinvigoration" to emphasize clear-cut rules and promote transparency.
"We have spent a lot of time reflecting on our core values and developing a framework that encourages and allows our employees to fully understand and comply with all our policies and procedures," Larkin said.
Docyt raises $1.5M for its ML-based accounting automation platform – TechCrunch
The company today announced that it has raised a $1.5 million seed-extension round led by First Rays Venture Partners with participation from Morado Ventures and a group of angel investors. Docyt (pronounced “docket”) had previously raised a $2.2 million seed round from Morado Ventures, AME Cloud Ventures, Westwave Capital, Xplorer Capital, Tuesday and angel investors. The company plans to use the new investment to accelerate its customer growth.
At first glance, it may seem like Docyt competes with the likes of QuickBooks, which is pretty much the de facto standard for small business accounting. But Docyt co-founder and CTO Sugam Pandey tells me that he thinks of the service as a partner to the likes of QuickBooks.
Not to change the topic here:
Companies investing in crypto may be in for a rude accounting surprise | Accounting Today
Corporations are starting to buy digital assets like Bitcoin to bolster their treasuries, but the volatility in prices could put a dent in their balance sheet.
The most commonly accepted accounting treatment for cryptocurrencies in the U.S. requires writedowns of losses, which can be common given the volatility of many digital currencies, but the rules don't permit "writeups" of gains. That could potentially mislead investors when they're reviewing financial statements, so companies may need a stronger non-GAAP financial disclosure system to keep investors informed about digital assets that are gaining in value.
Why You Don't Need An Accounting App When Responsive Web Design Exists
Streamline your responsibilities, like accounting, when you're out and about by using software with ... [+] responsive web design.
So, what is responsive design, anyway? A responsive design's layout and content adapts based on the size of the screen the software is running on. With responsive design, you can easily access information and handle tasks on your mobile device. Regardless of if it's a smartphone, tablet, laptop, desktop computer, etc., a responsive design adapts to your device's screen size.
Gov. Brian Kemp Appoints First Female State Accounting Officer | Atlanta, GA Patch
ATLANTA, GA — Gov. Brian Kemp announced the appointment of an interim state accounting officer Friday, per a news release from the governor's office.
Kris W. Martins will be the state's interim state accounting officer, and the first female to serve in this capacity, according to the release. Her appointment took effect Feb. 16.
Martins is replacing State Accounting Officer Thomas Alan Skelton, who left state government to serve as the director of research and technical activities for the Governmental Accounting Standards Board, effective April 1, according to the release.
People & firms on the move: Anchin appoints first COO | Accounting Today
Lumsden & McCormick promotes four; the Oklahoma Society of CPAs announces its 2021 Trailblazer and Path Finder award winners; and more CPA news.
Happening on Twitter
Friday morning fun. Almost lost it on the last rep, bar was cutting off my oxygen 😂 (Form police, take it on the… https://t.co/rxRLUEw4kq JJWatt (from United States of America) Fri Feb 26 13:31:00 +0000 2021
The rules were never written for working people, women or people of color. Too often they're used to try to slow pr… https://t.co/6HQnGgnE2x MaryKayHenry (from Washington, D.C.) Fri Feb 26 00:28:40 +0000 2021
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