Thursday, July 1, 2021

Business implications of AI within tax & accounting | Reuters

With AI promising the greatest transformation in many industries, including tax & accounting, we need to begin asking what the implications of this will be.

Clearly, leveraging AI in data analytics will create several benefits as the sheer amount of data available for analysis will increase. Decisions, projections, and forecasting will no longer be based on samples, but could potentially include the entire data set.

Publisher: Reuters
Date: 2021-06-30T19:48:04.190Z
Author: Samantha Mansfield
Twitter: @Reuters
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Floods may be nearly as important as droughts for future carbon accounting -- ScienceDaily

Plants play an essential role in curbing climate change, absorbing about one-third of the carbon dioxide emitted from human activities and storing it in soil so it doesn't become a heat-trapping gas.

In a global analysis of vegetation over more than three decades, Stanford University researchers found that photosynthesis -- the process by which plants take up carbon dioxide from the atmosphere -- was primarily influenced by floods and heavy rainfall nearly as often as droughts in many

Publisher: ScienceDaily
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The 2021 Accounting Today VAR 100 | Accounting Today

Key and notes: All revenues are FY 2020, in U.S. dollars
A Accounting Today estimate
* Data from
published reports
1 Velosio acquired AKA Enterprise Solutions, No. 20 on last year's list
2 HSO Acquired Broadpoint, No.

Publisher: Accounting Today
Date: 2021-07-01T13:00:01.077
Author: https www accountingtoday com author ranica arrowsmith
Twitter: @AccountingToday
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Baltimore's grant administration is plagued by accounting shortcomings | Baltimore Brew

Baltimore City spent $1 out of $3 on police and public safety last year and 3.2 cents of every dollar on sanitation and waste removal, the city's annual financial report shows.

Police funding ($929.7 million) remained the largest single expenditure in fiscal 2020, fully 40% more than spending on public education ($556.4 million, much of it from the state) and 55% more than general government costs ($400.9 million).

Publisher: Baltimore Brew
Reference: (Read more) Visit Source



M3 welcomes over 25 new accounting core customers | TravelDailyNews International

“Built on twenty years of experience in the hotel industry, Accounting Core offers what hotels and management companies need to drive financial performance to an entire portfolio,” said Scott Watson , Chief Sales and Marketing Officer at M3. “With more than half of the U.S.

Publisher: TravelDailyNews International
Date: VWTezmABg0MyxcfoAVto
Reference: (Read more) Visit Source



Atlantic Logistics names Darlene Batten as Accounting Services Manager | DC Velocity
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Private sector added 692K jobs in June | Accounting Today

Private sector employers added 692,000 jobs in June, according to payroll giant ADP, in a further sign of economic recovery from the COVID-19 pandemic.

"Businesses are looking to staff up quickly," said ADP chief economist Nela Richardson during a press conference Wednesday. "That's understandable after so many months of reduced capacity. But they're having trouble filling openings as quickly as they would like.

Publisher: Accounting Today
Date: 2021-06-30T17:25:18.762
Author: https www accountingtoday com author michael cohn
Twitter: @AccountingToday
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Why Crypto Accounting Should Be Addressed By The Financial Accounting Standards Board

That said, and not taking away from the other important topics, the case for the FASB to take up the question of developing crypto specific accounting standards is strong.

Accounting standards, be they U.S. focused (Generally Accepted Accounting Principles), or standards promulgated by the International Accounting Standards Board (IASB) were both developed and implemented for a manufacturing and goods based economy.

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Publisher: Forbes
Date: 2021-06-29
Author: Sean Stein Smith
Twitter: @forbes
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