There was no trip to Austin this year for the juggernaut that is the Happy High School accounting team, but the result was the same – another University Interscholastic League State Class 1A title – No. 11 under accounting coach Sara Reinart.
While athletic dynasties tend to get more notice, Happy has built a formidable program since Reinart began the program winning the district every year since 2005 and the state title every year since 2008 except for 2013 when they placed second and 2014 when they finished third in the region, and of course 2020, when no contest was held due to the COVID 19 pandemic.
The 8 Best Accounting Books of 2021
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That a book about the history of accountancy won a literary award should tell you all you need to know about Gleeson-White's deft storytelling prowess. The story begins around 7,000 B.C. and ends with the 2008 economic crisis. If that seems like a lot of ground to cover in one book, you're not wrong, but Gleeson-White does it with an effortlessness that undercuts the complex story being told.
Readers who work their way through "Accounting for Non-Accountants" will walk away with a basic understanding of accounting acronyms (of which there are many), terms, governing bodies, and best practices. Label also includes chapters on basic short-term analysis, budgeting, auditing, ethics, and fraud. The format of the book is classic textbook style with shaded boxes containing "Quick Tips" and "Alerts" as well as helpful glossaries of terms.
Virgin Galactic Sued by Investor Over SPAC's Accounting Issues
(Bloomberg) -- Virgin Galactic Holdings Inc. was sued by an investor who claims he lost money when the space-tourism company announced that it would restate its results due to regulatory guidance about the accounting treatment of warrants.
The Las Cruces, New Mexico-based company said on April 30 that it would have to restate its 2020 results because of accounting guidance of regulators related to special purpose acquisition companies, or SPACs. The next trading day, its shares fell 9%. The company combined with Social Capital Hedosophia, run by former Facebook executive Chamath Palihapitiya, and went public in October 2019.
USG Accounting Office Faults Defense Dept.
The Government Accounting Office (GAO) has issued a 51-page report examining the challenges the Department of Defense faces in developing and fielding new positioning, navigation and timing (PNT) technologies to complement, augment or replace GPS when it is unavailable. It found that the DOD is not doing enough in this regard.
“Officials from across DOD and experts told GAO that alternative PNT solutions are not prioritized within DOD. For example, there is no central program office responsible for developing the variety of alternative PNT technologies across DOD. DOD's continued reliance on GPS, despite known GPS vulnerabilities to disruption, presents a challenge for obtaining sufficient support to develop viable alternatives.”
Accounting Seed Receives Investment from H.I.G. Growth Partners
Accounting Seed, Inc. , a Columbia, MD-based provider of a cloud accounting and financial management software platform, received a strategic growth investment from H.I.G. Growth Partners, the dedicated growth capital investment affiliate of H.I.G. Capital.
The company intends to use the funds to execute its product roadmap, expand the team with key hires, make strategic acquisitions, and invest in additional sales and marketing activities to further accelerate growth.
Accounting for all the pluses and minuses in food systems | Greenbiz
The economic foundations of today's food and agricultural systems continue to be dominated by a singular focus on productivity and increased yields.
There is an imperative for agri-food businesses to course correct, shift to operate from a values-driven proposition and, in doing so, shore up their operations against the looming risks they face.
One immediate way progressive food company leaders are doing this is by applying true cost accounting to their operations: assessing and measuring the negative impacts and positive benefits of their business practices and taking stock of their dependence on ecological and human resources.
Why it could be 'an accounting nightmare' to try to work and collect Social Security benefits
And that goes double when it comes to trying to both work and collect checks: Don't do it, says one expert, at least in most circumstances.
Franklin noted that it works out more or less in the end, though. Once you get to your full retirement age, "any benefits you have lost due to excess earnings are returned to you in the form of larger monthly checks going forward."
"The actual difference between an age 62 benefit and an age 70 benefit is a 77% increase," Fichtner said.
Is your carbon accounting system prepared to count remote work?
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Over the course of the pandemic, I've seen numerous dispatches issued by software developers touting the carbon footprint reduction potential of shifting to collaboration applications for many employee...
Another blow to the Asian coal market, a major court victory for Australian climate campaigners, and could the UAE host COP28?
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.
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