Tuesday, March 30, 2021

“Natural capital” accounting method might give nature an economic voice | Ars Technica

Is there a way to put a dollar amount on pristine forests or marshlands? The United Nations believes so—and that the ability to do it might be a valuable step toward combating the slew of environmental challenges the world faces. In mid-March , the UN adopted the System of Environmental-Economic Accounting—Ecosystem Accounting (SEEA EA) framework, a "landmark" way for countries to report on their own natural capital.

"Our dependence [on nature] must be acknowledged, must be recognized. It must be captured and accounted," said Pushpam Kumar, chief environmental economist of the United Nations Environment Programme.

Publisher: Ars Technica
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Twitter: @arstechnica
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Accounting for firms' positive impacts on the environment | MIT News | Massachusetts Institute of

Introducing handprints, the term Norris coined for those positive impacts and the focus of MIT's Sustainability and Health Initiative for NetPositive Enterprise (SHINE). SHINE is co-led by Norris and Randolph Kirchain, who both have appointments through MIT's Materials Research Laboratory (MRL).

"If you ask LCA practitioners what they track to determine a product's sustainability, 99 out of 100 will talk about footprints, these negative impacts," Norris says. "We're about expanding that to include handprints, or positive impacts."

Publisher: MIT News | Massachusetts Institute of Technology
Author: Elizabeth A Thomson Materials Research Laboratory
Twitter: @mit
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Gonzaga Graduate Accounting ranked 26th in nation | News | khq.com
Publisher: KHQ Right Now
Date: 0713B43387E696EA1A415814D82F3F41
Author: Nick Jahnke
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IOSCO Highlights Importance Of Going Concern Disclosure During Pandemic - Accounting and Audit -

IOSCO emphasized the importance of going concern disclosure by public companies during the COVID-19 pandemic, particularly as it relates to the preparation of annual financial statements and the annual audit. IOSCO welcomed the International Accounting Standards Board's recently published educational material, " Going Concern - A Focus on Disclosure ."

On annual financial statements, IOSCO stressed that an entity must identify material uncertainties that cast "significant doubt on the entity's ability to continue as a going concern." For material uncertainties that do not cast significant doubt, IOSCO said that management must disclose "complete information about significant judgements" that led to any executive determination.

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Signs Your Accounting System is Holding You Back

As your business grows your efficiency must increase if you want to maintain profitability and keep customers happy. A process that once took five minutes per customer is fine when you’re selling a handful of units a day. Once your sales grow to dozens of units a day, and even hundreds, your processes need to change.

How do you make this happen? By first taking a look at your infrastructure and systems to make sure they’re not holding you back. One of those prime systems to examine: Accounting.

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Publisher: Entrepreneur
Date: 2021-03-29T18:21:38Z
Author: Entrepreneur Events
Twitter: @Entrepreneur
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Bezos-Backed Accounting Platform Pilot Joins Unicorn Club

Pilot's software and support team integrate directly with small and medium-sized businesses' (SMBs') billing, banking, expense, and payroll systems to automate back-office functions such as bookkeeping and tax prep. Pilot will use the funding to expand its product suite for the back office.

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Publisher: Business Insider
Date: 2021-03-30
Author: Victor Chatenay
Twitter: @clusterstock
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In the blogs: Human nature | Accounting Today

When to file on 8821; RMDs and the extension; cloud concerns; and other highlights from our favorite tax bloggers.

Publisher: Accounting Today
Date: 2021-03-30T20:36:55.067
Author: https www accountingtoday com author jeff stimpson 1641
Twitter: @AccountingToday
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Tether Takes Step Toward Transparency With First Accounting Firm Report Card

Tether plans to issue another attestation for March after it ends, followed by quarterly attestations thereafter. 

These attestations are separate from the disclosures Tether intends to produce for the New York Attorney General’s office (NYAG).

“We are doing this on our own initiative to honor Tether’s commitment to further transparency. And although it is unrelated to our release of this assurance opinion, the settlement is another example of our commitment to transparency,” said Stuart Hoegner, general counsel at Tether and its sister firm, Bitfinex. 

Twitter: @Yahoo
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