Leaders of the accounting profession have demonstrated a heightened commitment to diversity, equity, and inclusion (DEI) as this issue has grown exponentially in prominence over the past year.
"It hit home for people," said Crystal Cooke, director–Diversity & Inclusion at the Association of International Certified Professional Accountants. "People had 'aha moments' and were reacting in a way that I thought was refreshing to see. I think deep down people always knew they needed to be doing more in this space, but now they are taking steps toward action."
In Law Firms and Accounting, Business Development and Marketing Take Hardest Hit from COVID-19,
Managing people and business development/sales were the two categories of work in law firms and A&FS firms that have taken the hardest hit from the pandemic; nearly two-thirds of organizations responding to the survey report they have struggled in these areas. Not surprisingly, an overwhelming majority of firms said that marketing and business development strategies have changed significantly over the past year.
"The Covid-19 pandemic exposed business development and marketing strengths and weaknesses across every industry, but it also sheds some light on how law and accounting and financial services firms can improve," said Brendan Nelson , General Manager of LexisNexis Software Solutions.
H.I.G. Growth Partners Makes Growth Investment in Top-Rated Accounting Platform, Accounting Seed
COLUMBIA, Md. , May 26, 2021 /PRNewswire/ -- Accounting Seed, a leading cloud-based provider of accounting and financial management software, today announced that it has received a significant growth investment from H.I.G. Growth Partners ("H.I.G.") the dedicated growth capital affiliate of H.I.G. Capital, a leading global alternative investment firm. With over 1,000 customers, Accounting Seed plans to use the growth capital from H.I.G.
2021-2022 Accounting Fellow | Ohio Wesleyan University
DELAWARE, Ohio – Ohio Wesleyan University junior Dynasty Burchett has been selected for the school’s competitive 2021-2022 Accounting Fellows Program, giving her access to enhanced internship, research, and other opportunities.
Burchett is an accounting major from Yulee, Florida, who hopes to become an accountant for an international hotel chain after graduating in May 2022. A Battling Bishop women’s soccer player, Burchett transferred to Ohio Wesleyan in fall 2020.
Understanding when and why you should outsource your accounting
Do you regularly feel like you are crunched for time? Are you looking for ways to grow your business and increase your bottom line? If so, outsourcing your accounting operations can help you get back to what you do best, working ON your business…not IN your business. There are many other reasons to outsource beyond the time savings you'll gain. Here are a few to consider:
Cost savings
Outsourcing your business's accounting department could save you not only time, but also money. Your company may benefit from reductions to overhead costs such as recruiting, employee benefits, training, hardware, accounting software, supplies, and office space. Additionally, you won't be responsible for managing the process, the training and system upgrades, which can occur regularly, and take attention away from what's really important – growing your business.
Tether's Disclosures Make The Case For Crypto Specific Accounting Standards
The recent report out of Tether regarding the reserves behind USDT once again highlights the importance – and need – for crypto specific accounting, reporting, and disclosure standards.
Stablecoins have achieved a tremendous amount since breaking out in the cryptoasset landscape in a mainstream manner beginning in 2018, and are playing an integral role in the continued merging of fiat and crypto payment systems and technologies. With all of that said, however, stablecoins are still an emerging application and there are several fundamental questions that remain unanswered to a lesser or greater extent depending on the coin in question.
LeaseCrunch debuts lease accounting audit software | Accounting Today
LeaseCrunch has debuted a new solution for lease accounting auditing, designed to reduce the time and expense spent delivering this service.
LeaseCrunch Verify allows firms to add client accounts from one dashboard and enter and test a sample size of their leases. Firms can also add the selected sample of leases to their "prepared by client" list and invite clients to enter the leases directly in their own secure accounts.
Accounting process errors left Wellfleet vulnerable to fraud, theft
WELLFLEET – An audit done by Powers and Sullivan LLC found a number of standard accounting procedures that town officials failed to follow during fiscal 2020. The revelation opened a can of worms for interim Town Administrator Charlie Sumner and interim Town Accountant Lisa Souve.
The 12-page management letter spelled out a host of issues plaguing Wellfleet's bookkeeping and accounting systems. There's no evidence of fraud or theft, but the findings show just how vulnerable the town was to malfeasance.
Benefits of Switching from a Generic Accounting Platform to an Industry-Specific Financial
Powerful data management and accurate financial analysis aren't the only reasons hoteliers are opting for hotel-specific accounting software. There are many benefits to investing in an industry-tailored solution that will elevate property performances and drive cost savings across the board.
Hotel accounting software provides smooth integrations with popular property management systems (PMS), making the process of aggregating data from multiple systems more efficient and more secure.
Call for submissions: Accounting Today's 2021 VAR 100 | Accounting Today
It's that time of the year again — Accounting Today is putting together its VAR 100 ranking of the top value-added resellers of accounting and accounting-related software by revenue.
Happening on Twitter
Wake me up when Trump actually faces prison time (at worst, he gets charged over accounting and pleas out with a sm… https://t.co/zbPTyjSgXq AJDelgado13 (from Instagram: @AJDelgado13) Tue May 25 21:36:57 +0000 2021
Out of the total 856MW geothermal generation in Kenya, KenGen contributes 706MW. Geothermal remains the major sourc… https://t.co/kmiLOTEh6G KenGenKenya (from Kenya) Tue May 25 10:29:56 +0000 2021
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