FASB issued a standard Monday that is designed to clarify an issuer's accounting for certain modifications or exchanges of freestanding equity-classified written call options that remain equity-classified after modification or exchange.
The Accounting Standards Update provides guidance on how an issuer would measure and recognize the effects of these transactions. The standard provides a principles-based framework to determine whether an issuer should recognize the modification or exchange as an adjustment to equity or an expense.
Sustainability accounting: 'The biggest disrupter' | Accounting Today
As companies find that customers and investors are looking for more and more disclosures of what they are doing about environmental issues, climate change risks, and diversity and racial justice, accounting firms are starting to provide assurance and attestation services around environmental, social and governance reporting to meet that growing demand.
While the Big Four have been providing sustainability-related services for years, smaller firms are starting to move cautiously into the space. They are leveraging some of the standards that have been developed by groups like the Sustainability Accounting Standards Board, the Global Reporting Initiative, the International Integrated Reporting Council, the Climate Disclosure Standards Board and the Carbon Disclosure Project.
Under Armour Paying $9 Million to Resolve SEC Accounting Probe - WSJ
WASHINGTON— Under Armour Inc. agreed to pay $9 million to settle regulatory claims that it failed to disclose that it was pulling forward orders from future quarters, a practice that allowed it to meet Wall Street's revenue estimates.
The Baltimore-based apparel company resolved the Securities and Exchange Commission investigation without admitting or denying wrongdoing, the SEC said Monday. The Wall Street Journal reported in 2019 that federal officials were examining whether the sportswear maker shifted sales from quarter to quarter to appear healthier.
Driving organic growth: 5 marketing strategies for accounting firms | Accounting Today
Growth can come in two varieties: organic or driven by mergers or acquisitions. Mergers and takeovers often grab headlines, largely because of the enormity of the deals. And while they are certainly proven strategies for growing a firm, most companies actually grow through "organic growth."
Because organic growth is based in large part on a firm's foundational expertise, specialized skill sets, and experience, it often provides a reliable, sustainable path to greater long-term growth and profitability. Our most recent research shows that high-growth accounting and financial services firms, including those engaged in M&A activity, owed an average of 85 percent of their growth to organic growth.
CPA Evolution Model Curriculum FAQs - Journal of Accountancy
For the past seven months, the American Institute of CPAs (AICPA), the National Association of State Boards of Accountancy (NASBA), and a group of more than 40 volunteer subject-matter experts have worked to develop a model accounting curriculum for students pursuing the CPA credential. Our goal has been to aid faculty as they seek to transition their programs to reflect the new Core + Disciplines CPA licensure model promoted through the CPA Evolution initiative .
May 11th | Workday Payroll: Payroll Accounting | WSU Insider | Washington State University
This virtual Instructor led training will provide information on how to assign costing allocation and create payroll accounting adjustments in Workday.
Gilded launches crypto payroll platform amid interest in 'crypto wage alternative' |
Crypto accounting software maker Gilded has released Mass Pay, a platform for businesses to pay up to 500 employees at once with Ethereum-based cryptocurrency tokens. As retail and institutional adoption of cryptocurrency has risen, there has also been a rise in interest in employees wanting to get paid in crypto tokens.
Mass Pay is designed to facilitate one cryptocurrency transaction which saves both time and gas fees when on the Ethereum blockchain. The platform allows businesses to accept payment in crypto, pay employees and contractors in crypto, account for crypto payments, and support a range of cryptocurrency wallet choices as payee preference.
CSH acquires strategic HR | Accounting Today
Clark Schaefer Hackett, a Top 100 Firm based in Cincinnati, has acquired Strategic HR Inc., a human resources outsourcing firm also based there, effective May 1.
Strategic HR provides dedicated HR support to organizations that lack their own HR department, or have a small HR function with overflowing needs. Founded in 1995 and led by president Robin Throckmorton, the company will bolster CSH's growing array of outsourcing services. Financial terms of the deal were not disclosed. CSH has 492 employees, including 198 CPAs, 45 shareholders and 71 staff members. Strategic HR will add 24 more staff and one new shareholder to CSH's ranks.
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