Thursday, September 16, 2021

Why operators should plan now for lease accounting compliance | Fast Casual

After a one-year pandemic deferral, ASC 842 goes into effect for private companies at the end of this year. Yes, there's another deadline, essential for you and your accounting team

Preparing for ASC 842 might seem daunting. And based on the public companies that didn't manage the transition so smoothly — that's a valid concern. But like any big project, it's all about getting started and planning out the steps. Just don't ignore the looming deadline until it's too late.

Publisher: www.fastcasual.com
Date: 2021-09-16T06:00:00-04:00
Author: Taj Adhav
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New disclosures under CECL require careful attention | Accounting Today

Financial statement disclosures about CECL play a central role in providing all of the above information, which is required by the new standard.

Even though it's best to begin work on disclosures early in the transition, in practice, CECL disclosures are often one of the last things financial institutions seem to address, despite good intentions.

Publisher: Accounting Today
Date: 2021-09-15T17:04:28.161
Author: https www accountingtoday com author mary ellen biery ab3503
Twitter: @AccountingToday
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Accounting, Central New York Regional Transportation Authority | Urban CNY

Note: Starting salary is determined by evaluation of experience and qualifications for the position.

Job Summary: This position is responsible for the CNYRTA payroll process and associated accounting functions.

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Publisher: Urban CNY
Date: 2021-09-15T11:26:20-04:00
Author: Accounting Central New York Regional Transportation Authority
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Amy Wood Named Intelligent Waves Finance, Accounting SVP; Tony Crescenzo Quoted - GovCon Wire

She will oversee Intelligent Wave’s finance department and support corporate growth initiatives in her new position, the company said Monday.

The certified public accountant previously held leadership roles at Technology Advancement Group, Xator, Merlin International, Apptis, Xcalibur and Electronic Data Systems. Her professional experience includes financial management, business development and administration.

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Publisher: GovCon Wire
Date: 2021-09-15T07:07:16-04:00
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FloQast launches FloQast Ops for accounting operations

FloQast , a provider of accounting workflow automation software created by accountants for accountants, announced the launch of FloQast Ops, a new workflow management solution that addresses upstream financial functions like Accounts Payable, Sales and Use Tax, and Accounts Receivable along

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Publisher: IBS Intelligence
Date: 2021-09-16T06:25:32 00:00
Twitter: @IBSIntelligence
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School of Accountancy Established in Business College | CSUF News

Cal State Fullerton's Department of Accounting has attained school status, making the new School of Accountancy one of only four such entities in California. The status change highlights the strength of one of the largest undergraduate accounting programs in the nation. 

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Publisher: CSUF News
Date: 2021-09-16T15:00:00 00:00
Twitter: @csuf
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FASB OKs flexible discount-rate options under new lease accounting standards | CFO Dive

The change permits private companies and nonprofits to save money by using different calculations for different asset classes.

Private companies and nonprofits have leeway to choose the discount rate they use in calculating the value of their operating leases under new lease accounting standards, the Financial Accounting Standards Board (FASB) decided this week .

Publisher: CFO Dive
Date: 2021-09-16
Author: Robert Freedman
Twitter: @CFODive
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Global Leaders Pledge Their Commitment To True Cost Accounting – Food Tank

This letter, addressed to the Secretary General of the United Nations (UN), invites readers to signal their commitment to embracing TCA as a way to transform the food system.

GA, an alliance of organizations working towards a better food system, expresses in the letter that TCA can help decision makers "measure and assess the full costs and whole value of food systems.

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Publisher: Food Tank
Date: 2021-09-14T12:49:57-05:00
Twitter: @foodtank
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Cal State Fullerton adds School of Accountancy | Accounting Today

California State University Fullerton's Department of Accounting announced it has attained school status, making its School of Accountancy one of only four in the state.

The certification process began in 2019 when the Association to Advance Collegiate Schools of Business — which accredits top business schools across the country — deemed CSUF's program worthy of school status. The certification was approved this year.

Publisher: Accounting Today
Date: 2021-09-15T15:30:08.924
Author: https www accountingtoday com author sean mccabe
Twitter: @AccountingToday
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