The recent leasing rules from the Financial Accounting Standards Board and the Governmental Accounting Standards Board are turning out to be harder to follow than many organizations expected.
Not only do the new leases standards, FASB's ASC 842 and GASB's Statement No. 87, require entities to put operating leases on the balance sheet for the first time ever, but they come with extra complexities.
This Accounting Change Could Drastically Impact Cannabis Companies' Profitability
Whether a cannabis company reports a profitable quarter or not can sometimes have a lot to do with nonoperating-related items. Impairment losses, fair-value gains, and income related to investments can easily pull a company's bottom line into many different directions.
It may not be an interesting topic to discuss whether a company uses U.S.
Deloitte Foundation partners with Ohio State University for diversity scholarship | Accounting
The Deloitte Foundation has announced a need-based scholarship fund to aid with tuition costs for diverse students who are pursuiing professional services careers, in collaboration with Ohio State University and its Max M. Fisher College of Business.
A fund of $180,000 was raised through contributions from Deloitte professionals who are Ohio State alumni and Deloitte Foundation matching gifts.
A year on from Wirecard collapse, Germany still losing fight against accounting scams, tax
Group of senators urge FERC to amend accounting rules on trade group dues | S&P Global Platts
In this episode of the S&P Global Platts Agriculture Focus podcast, the Platts EMEA Agriculture team...
The extreme volatility and unpredictable changes in the Asian ferrous scrap market over the year and...
Iraq's total oil production, including flows from the semi-autonomous Kurdistan region, fell...
Amplify your accounting services by becoming fluent in a foreign language | Accounting Today
Most people in the workforce need to meet with accountants every year to handle their taxes. In addition, small-business owners who don't have an in-house bookkeeper need to find the right accountant who can keep their enterprise's financial health in order.
Xero celebrates 15 years, launches 'Xero Day' | Accounting Today
June 6 was the first annual Xero Day, which the accounting software company launched for its 15-year anniversary. The day will be marked annually with celebrations for the people, customers, partners and communities who have played an important role in Xero's success.
Misleading Budget Accounting In The Department Of Defense Needs Correction
Take a quick look at the Department of Defense (DOD) budget request for fiscal year (FY) 2022, and you would think that the Department of the Air Force is the best funded of the three military departments —Army, Navy, Air Force. You would be wrong.
In fact, the Pentagon invests the least real service budget authority in the Air Force compared to the Army and Navy as services and all the other defense agencies as a group. Only the U.S. Marine Corps and nascent U.S. Space Force as services receive less.
EisnerAmper adds tech firm ZenTek Data Systems | Accounting Today
EisnerAmper, a Top 25 Firm based in New York, merged in ZenTek Data Systems, a technology consulting firm headquartered in Fort Lauderdale, Florida, effective June 1.
ZenTek was founded in 2014 and provides enterprise security, cloud technology and strategic management services to clients around the country. Financial terms of the deal were not disclosed. EisnerAmper ranked No.
Happening on Twitter
This is embarrassing. It's clear the Taoiseach doesn't have a clue. Section 14 already deals with Mortgage to Rent.… https://t.co/kp7OiLvkJ0 PearseDoherty (from Donegal) Tue Jul 06 15:09:53 +0000 2021
Last July, 10,000 people asked the European Maritime Safety Agency to end their contract for Israel's Elbit Systems… https://t.co/M53UfNxPVf BDSmovement (from Global) Tue Jul 06 00:16:00 +0000 2021
It would be great if this Falklands task force ship could find a new lease of life as a floating training centre, o… https://t.co/Xe8I4rthYH DCBMEP (from Norwich, England) Wed Jul 07 10:15:19 +0000 2021
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