Accountants, Lawmakers Urge Rules on Crypto Accounting - WSJ
Accountants and lawmakers are urging standard-setters to fill a void and write concrete rules telling companies how to account for bitcoin and other cryptocurrency assets.
The assets, for which there are no binding U.S. accounting requirements, have drawn regulators' interest after sharp swings in recent months and investments by companies such as electric-car maker Tesla Inc. and payment provider Square Inc.
FASB alters accounting for certain leases with variable lease payments - Journal of Accountancy
FASB issued a standard Monday that is designed to improve the board's lease accounting rules related to a lessor's accounting for certain leases with variable lease payments.
Under Topic 842, Leases , a lessor may be required to recognize a selling loss at lease commencement (day-one loss) for a sales-type lease with variable payments even if the lessor expects that the arrangement will be profitable overall.
Art of Accounting: Continuous growth | Accounting Today
The summer is a good time to catch up on added learning, some of it in the form of required CPE and others in the form of personal development courses, books, podcasts and firm retreats.
I know many colleagues who jump at every chance to learn something new, and others who do no more than take the minimum necessary to maintain their license. I regret the latter since I know they are selling themselves, their clients, their partners, and their staff short.
History of Adaptation Sets Stage for Future of Accounting
Technology is a friend of accountants, not an enemy. It will continue to improve both the accuracy and efficiency of the profession.
Switchboard operators in Madrid during the 1920s had that same concern if you watch the Netflix show Cable Girls. The four young female characters are afraid of new technology they think will replace them.
Prepare Your Staff for the New Age of Accounting | AccountingWEB
Whether you're hiring new talent, making your next career move , or just want to ensure your firm succeeds over the next few years, it's crucial to ensure you and your team have the right skill set to survive the new age of accounting.
Small business owners benefit from strong accounting software | Financial Post
Historically, ledgers were kept manually, each number painstakingly written as a debit in one account, and a credit in another (hence "double-entry") in order to ensure accuracy in all financial transactions.
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Former bookkeeper of a St.
Smith was a bookkeeper at an accounting firm that managed a lucrative trust account for a client (the D.E.W. Trust). The D.E.W. Trust, which was at one time valued at $8.6 million, had over twenty named beneficiaries, including twelve charitable organizations in St. Louis, Missouri.
SNHU Accounting Student Builds On Successful Career
Blake Venable has always known he wanted a bachelor's degree, but it was just a matter of when he'd act on this goal. He wanted a school he could trust – and one that would accommodate his busy work schedule.
In search of a school that he could trust and gain the most support, something that stood out to Venable was SNHU’s nonprofit status .
Yost named to Canisius College accounting honor roll | Achievers | nny360.com
BUFFALO - Anthony Yost, of Mexico, was named to the Canisius College accounting honor roll for the spring 2021 semester. To qualify for the accounting honor roll, accounting students must attain a grade point average of 3.2 or higher in at least two accounting courses taken concurrently.
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