Hedge accounting update aims to align risk management with hedging | Accounting Today
The Financial Accounting Standards Board's proposed update to its hedge accounting standard could help companies with their risk management, but they will probably need sophisticated hedging expertise to benefit.
The 2017 standard was part of the financial instruments convergence project that FASB and the International Accounting Standards Board began pursuing in the early 2000s in an effort to harmonize U.S. GAAP with International Financial Reporting Standards.
United Federal Credit Union names director of accounting, controller - Grand Rapids Business
St. Joseph-based United Federal Credit Union said Wednesday that it hired Justin Medeiros for the position. He brings 10 years of financial industry experience to United. Most recently, he served as vice president/assistant controller for BankNewport in Newport, Rhode Island.
Audit committees benefit from accounting experts | Accounting Today
Having accountants on the corporate board's audit committee seems like a no-brainer, and a recent study suggests it helps companies and their investors.
Major accounting firms have found their audit quality come into question after a series of accounting scandals in recent years, prompting reforms in the audit market in Europe and the U.K.
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Accountants, lawmakers urge rules on crypto accounting
Companies now treat bitcoin as an intangible asset, meaning they can record gains only when selling, not while holding
Rethink employee learning, or accounting will face the Great Resignation | Accounting Today
One of the most valuable and highly paid players on a professional football team can go an entire season and never play a down. That player is the backup quarterback. Last year, one team paid theirs $17 million to play in one game.
The extraordinary value of the backup quarterback rests with the fact that the starter can be knocked out of a game at any time. The quarterback position is so important, the team must have someone waiting in the wings who is capable of taking over at any moment without the team missing a beat.
Coronavirus real estate shifts pose accounting complexities | CFO Dive
CFOs are cutting real estate costs by exiting leased space before contracts end, buying or leasing additional space, changing lease agreements or shrinking owned space through sale-and-leaseback arrangements, Deloitte said in a report .
"Each rationalization initiative has certain accounting implications that may not be fully understood and can introduce unexpected complexities and outcomes," Deloitte said.
The Office: The Accounting Department's 9 Best Quotes
The Office's accounting department was, at times, the most level-headed bunch in the office. With Angela, Oscar, and Kevin in charge of the ins and outs of Dunder Mifflin's finances, they had a lot on their plate because things weren't always done ethically.
Why Accounting students must need to stay abreast of cloud-based technology - The Hindu
With the financial industry digitising in a big way, reports show that 62% of accounting firms are implementing cloud-based technologies | Photo Credit: Freepik
With the financial industry digitising in a big way, reports show that 62% of accounting firms are implementing cloud-based technologies. This means that students too should stay abreast of these developments and opt for courses that teach them about this technology.
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