Saturday, July 3, 2021

Employers added 850K jobs in June, including 2.8K in accounting | Accounting Today

Employment rose by 850,000 jobs in June, the U.S. Bureau of Labor Statistics reported Friday, including 2,800 jobs in accounting and bookkeeping, as the economic recovery strengthens.

The job gains came as a further sign of an accelerating economic recovery thanks to the wide availabilty of COVID-19 vaccines, although the spread of the Delta variant is causing concerns of possible shutdowns ahead in some parts of the country that are experiencing increasing infection rates.

Publisher: Accounting Today
Date: 2021-07-02T14:14:46.599
Author: https www accountingtoday com author michael cohn
Twitter: @AccountingToday
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AICPA Seeks Feedback On Proposed Updates To Broker-Dealer Accounting Guide - Accounting and Audit

AICPA's Financial Reporting Executive Committee asked interested parties to provide informal feedback by July 17, 2021.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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City had poor accounting, lack of transparency in oversight of airport projects, auditor says

An audit released this week shows the city lacked processes and systems to properly manage millions of capital improvements at the Long Beach Airport—a problem that has been found in management of other city projects.

The report by PMA Consultants , which was contracted by City Auditor Laura Doud, found numerous inadequacies in the oversight of more than $45 million worth of construction projects that were recently completed or remain underway at the municipal airport.

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Publisher: News
Date: 2021-07-02T16:23:46 00:00
Twitter: @longbeachpost
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Coronado-Based Accounting Company Vaccinates 420 People in COVID-Ravaged Mumbai, India | Coronado

When COVID cases spiked in India last fall and vaccinations were administered only haltingly, Wendy McGuire, a longtime Coronado resident with a family legacy of activism, knew what she had to do.

"You do what you have to do," says McGuire, who runs the company with her husband Dev Purkayastha, a former venture capitalist and Baker Scholar at Harvard University. "I don't feel there is a choice. You do what you have to do to help people."

Publisher: Coronado Times
Date: 2021-07-02T16:17:23 00:00
Twitter: @coronadoisland
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New Head of Global Accounting Rule-Maker Expected to Zero In on Technical Details - WSJ

The International Accounting Standards Board on Thursday got a new leader after a decade in which the standard-setter expanded its reach to more countries and implemented several key rule changes.

Andreas Barckow, an accountant who had served as president of the Accounting Standards Committee of Germany until February and who formally took over the role of chairman of the IASB this month, is expected to dive deep into the weeds on international accounting rules.

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Publisher: WSJ
Date: 2021-07-01T11:30:00.000Z
Author: Mark Maurer
Twitter: @WSJ
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On the move: Bober Markey Fedorovich elects new partner | Accounting Today

NATP returns to in-person education events; BerryDunn, Whitley Penn and Crowe announce large slate of promotions; and more CPA news.

Publisher: Accounting Today
Date: 2021-07-02T15:42:35.055
Author: https www accountingtoday com author danielle lee
Twitter: @AccountingToday
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Fairfield’s asset forfeiture accounting needs clarity

“The city of Fairfield's annual asset seizures reconciliation procedures do not include verification to a control balance to confirm that the general ledger balance is accurate,” according to the 2020-21 Solano County civil grand jury, which followed up on a similar report by the

“This lack of verification results in the inability to ensure that asset values have been protected and preserved,” the report stated.

Publisher: Daily Republic
Date: 2021-07-03T05:18:11-07:00
Author: Todd R Hansen
Twitter: @alldailyrepnews
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The Significance of Accounting Ethics: 5 Things to Consider - Salon Prive Mag

Not adhering to the highest standards or accounting ethics also result in the firm getting flagged or punished by ethical committees.

Accounting is the profession of presenting your business in numerical form. Therefore, it is imperative to accurately represent the data to portray the right picture of the company. The accuracy and ethics of bookkeeping are at the heart of the accounting profession.

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Publisher: Salon Prive Mag
Date: 2021-07-02T13:09:35 00:00
Twitter: @salonprivemag
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WK Entertainment - Financial and Accounting Analyst (US) - Music Business Worldwide

SUMMARY: Assists with the financial reporting and accounting month-end close process. Monitors cash activity and cash balance for the company's bank accounts. Reconciles B/S and P/L accounts. Handles AP payments, AR invoicing and ensures the right recording of the transactions within QuickBooks.

Publisher: Music Business Worldwide
Date: 2021-07-02T13:46 00:00
Twitter: @musicbizworld
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