Friday, September 10, 2021

Lease accounting: Private companies on the clock after delay

In early 2020, the COVID-19 pandemic added another element of business disruption for organizations to manage while the effective dates to comply for FASB's new lease accounting standards were quickly approaching.

Following a pandemic-related delay, the new standard takes effect for entities within the "all other entities" category for fiscal years starting after Dec. 15, 2021, and for interim periods within fiscal years beginning after Dec. 15, 2022.

Publisher: Journal of Accountancy
Date: 2021-09-09T14:25:00.000-04:00
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The SEC's Renewed Focus on Accounting Misconduct | Faegre Drinker Biddle & Reath LLP - JDSupra

Two recent enforcement actions by the U.S. Securities and Exchange Commission (SEC), including a recent settled action against Kraft Heinz Co. (“Kraft”), underscore the agency’s renewed and continuing focus on accounting and financial reporting misconduct.

Publisher: JD Supra
Twitter: @jdsupra
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Zionsville accounting firm expanding HQ - WISH-TV | Indianapolis News | Indiana Weather | Indiana

ZIONSVILLE, Ind. (Inside INdiana Business) — Zionsville-based Storen Financial has announced plans to expand its Boone County headquarters and grow its workforce.

Storen’s headquarters are located in front of the Zionsville Town Hall and the firm says it will expand onto the second floor in order to consolidate all of its offices into one location. 

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Publisher: WISH-TV | Indianapolis News | Indiana Weather | Indiana Traffic
Date: 2021-09-10T14:35:28 00:00
Twitter: @WISH_TV
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Meet the 2021 Best Midsized and Large Accounting Firms to Work For | Accounting Today

Each year, Accounting Today and Best Companies Group select the Best Accounting Firms to Work For.

Publisher: Accounting Today
Date: 2021-09-08T19:00:00
Author: https www accountingtoday com author daniel hood
Twitter: @AccountingToday
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3 tech keys for empowering accountants | Accounting Today

Much like every business vertical, accounting has seen its fair share of disruption as a result of the COVID-19 pandemic.

With that in mind, it is time for banks to allocate more attention and resources toward revamping their accounting infrastructure. Here are a few areas in particular that they need to focus on in order to make this happen.

Publisher: Accounting Today
Date: 2021-09-10T14:43:00.533
Author: https www americanbanker com author clayton weir
Twitter: @AccountingToday
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The ODP Corporation Announces Chief Accounting Officer to Leave Company in Q2 2022 | Business Wire

" We appreciate all of Richard's many contributions to the Company over the years and wish him much success in his future endeavors," said Gerry Smith, Chief Executive Officer of The ODP Corporation.

Haas has held the position of Chief Accounting Officer since May 2019. He first joined the Company in January 2014 as Office Depot's Vice President of Tax. Prior to joining Office Depot, he was Vice President of Tax for OfficeMax.

Date: 2021-09-09
Twitter: @businesswire
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