Although the scope of ASC Subtopic 958-605 excludes governmental contributions to for-profits, FASB's staff has acknowledged that entities scoped out of that guidance are not precluded from applying it by analogy when appropriate.
The issue of business entities analogizing to the guidance in ASC Subtopic 958-605 was discussed by FASB's staff at the Private Company Council meeting on April 17, 2020, as well as by the FASB Not-for-Profit Advisory Committee during its meetings on Sept. 13–14, 2018, and April 27, 2020.
Eight Things an Accounting Adviser May Do for You | Orange County Business Journal
AFWA opens registration for 2021 Accounting MOVE Project | Accounting Today
The annual poll, which asks public accounting firms to submit data on female representation and leadership in their businesses, will focus this year on the "women's recession" of 2020, in which the COVID-19 pandemic disrupted the careers of at least 3 million women, according to the organization.
With a theme of "Permanent Progress from Pandemic Pivots," the 2021 Accounting MOVE Project will coincide with the opening day of the Accounting and Financial Women's Alliance annual conference on Oct. 18, 2021. AFWA is the association partner for the MOVE Project.
French IT firm Atos reports drop in revenue, to conduct U.S. accounting review | Reuters
(Reuters) -French IT consulting group Atos reported a drop in first-quarter revenue on Tuesday, putting further pressure on its share price which has been hit by an accounting issue in the United States.
The company, which develops solutions in hybrid cloud, big data, business applications and digital workplace, disclosed earlier this month that auditors had found accounting errors at two U.S. units, sending its shares diving 18% at the time.
Art of Accounting: How to prevent an embezzlement at a client | Accounting Today
Suppose there was an embezzlement at a large client: What would you wish you had done to stop it? Would you have wished you did that as part of your regular work or your audit? Or would you have wished you suggested those steps as an added service?
Things happen and sometimes they are beyond our control, but sometimes not. Usually the first reaction when there is an embezzlement is to think about whether it was your fault, whether you missed something, or whether there is something you could have done to catch it or perhaps stopped it from occurring.
Bloomberg Tax & Accounting Announces Updates to Corporate Tax Analyzer
ARLINGTON, Va. , April 19, 2021 /PRNewswire/ -- Bloomberg Tax & Accounting today announced updates to Corporate Tax Analyzer to reflect tax law changes and guidance through September 15, 2020 .
The most recent updates include global intangible low-taxed income (GILTI) and foreign-derived intangible income (FDII) provisions of the Tax Cuts and Jobs Act of 2017. Final regulations for BEAT and §163(j) have also been updated in CTA. Additionally, the Taxpayer Certainty and Disaster Tax Relief Act of 2020 has been incorporated.
SEC warnings on SPACs dampen deals, boost accounting services | Accounting Today
The Securities and Exchange Commission's increasing scrutiny of special purpose acquisition companies and guidance on how to account for warrants are slowing deal activity for firms.
"The statement they came out with references two terms within those instruments that basically would result in a lot of these warrant instruments being liabilities," said Demetrios Frangiskatos, co-leader of BDO's SPAC assurance practice. "They would have a liability classification vs. equity. It's actually been a big to-do over the last several days, evaluating the statement, what it means for the instruments that are already outstanding, that have had their IPO and their filings.
Jacksonville activists accounting for 'anti-riot' law as they plan demonstrations for Chauvin
JACKSONVILLE, Fla. — The fate of former Minneapolis police officer, Derek Chauvin, is now in the hands of 12 jurors.
"You've seen hundreds of thousands of Americans across the country, but then even people even across the globe, take to the streets to protest against police brutality," said Jacksonville Community Action Committee activist, Michael Sampson.
China Launches 1st Class-Action Lawsuit as Regulators Vow to Fight Accounting Fraud
SHANGHAI – China launched the country’s first class-action lawsuit against a listed company on Friday, targeting Kangmei Pharmaceutical Co, as regulators vowed “zero tolerance” against accounting fraud and other capital markets “tumors.”
The China Securities Investor Service Centre (CSISC), a government-affiliated body, is suing Kangmei on behalf of more than 50 individual investors in a landmark case in China’s capital markets, the China Securities Regulatory Commission (CSRC) said.
Top Best Tools and Programs for Multi-accounting | TechBullion
The essential primary information for registration is the user's e-mail address; on this address, the user will later receive many advertisement letters to come back. Also, this e-mail is a unique method of identification, which allows having only one account for one e-mail address. Social networks ask users to create an account with the same logic and ask for the phone number. So, users can make only one account on a unique e-mail and unique phone number.
Accounts are used in social networks (Instagram, Twitter, Facebook), messengers (WhatsApp, Skype), e-mails (Google), computer games (online ones), e-commerce websites (Amazon), or any other websites.
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