New Canaan resident promoted at accounting, and audit firm
New Canaan resident Shelby Haydu was recently promoted to Marketing Associate by UHY LLP (UHY), an accounting and auditing firm.
Based in the firm’s New York City office, Haydu holds a variety of responsibilities including writing internal and external marketing materials and managing communications and marketing projects. She joined UHY in 2018 as a part-time intern and most recently was a marketing coordinator for the firm.
FASB Gives Certain Companies an Accounting Break on Lease-Contract Losses - WSJ
The Financial Accounting Standards Board approved a new rule for companies leasing out assets in an effort to eliminate a sometimes sizable accounting loss at the start of certain contracts.
The new standard, approved Wednesday by the U.S. accounting standard-setter, serves as an update to a rule that went into effect for public companies in early 2019 and requires businesses to put operating leases on their balance sheets instead of in footnote disclosures.
Worldwide Accounting Software Industry to 2026 - Increasing Trend of Accounting Automation is
The Accounting Software Market was valued at USD 12.01 billion in 2020 and is expected to reach USD 19.59 billion by 2026, at a CAGR of 8.5% over the forecast period 2021 - 2026.
Accounting software increases efficiency, as it is used to keep track of accounting transactions or to manage the money flowing in and out of business. It has emerged as a better solution for managing the accounts of a business, as it can easily manage account payables, account receivables, business payroll, general ledger, and other business modules.
SPACs Face Potentially Sweeping Impact From SEC's Accounting Guidance | Institutional Investor
Lawyers, accountants, and sponsors for special-purpose acquisition companies are bracing for impact.
The potential effects of new SPAC guidance issued earlier this week by U.S. regulators are becoming clearer, and they could be sweeping. Lawyers who advice SPAC deals told Institutional Investor that the new accounting guidance has already had an immediate impact, slowing deals as compliance teams meet to determine a path forward.
Botkeeper To Cut Costs For Smaller Firms | PYMNTS.com
Machine learning (ML)-powered bookkeeping solution Botkeeper has rolled out a new pricing model that will break down cost barriers, increase scale and give more access for firms of all sizes, a press release said on Thursday (April 15).
Botkeeper has reworked its packaging into a scaling model that will make a more consumable approach. It will help bring better value and flexibility to accounting firms, the release said.
Hiring accounting & finance professionals: 6 trends to be aware of in 2021 | WTOP
When the COVID-19 pandemic hit the U.S., the public health crisis forced many businesses to transition their staff to a fully remote environment almost overnight. Employers pivoted operations quickly including recruiting in a virtual environment. In early 2021, we examined marketplace trends to see how recruiting for accounting and finance professionals has evolved.
Intense competition continues to require fast recruiting and hiring practices. The tight market means that accounting and finance candidates often receive multiple attractive offers, so companies need to move swiftly to hire the best talent. Companies that plan to remain fully remote have significant opportunities to reduce overhead expenses and redirect those savings.
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