Friday, November 12, 2021

Article 6 Is The Accounting Trick That Could Wreck the Planet

In theory, the math around carbon markets should work. But in practice, it often ends up being a huge problem, due in large part to what's known as double-counting.

"So a country like, say, Norway says, 'OK , we want to pay for some forest protection in Brazil that we calculate will make up for oil [use] in some way,' " Louisa Casson, a senior campaigner for Greenpeace, explained.

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Publisher: Gizmodo
Date: 2021-11-12T18:20:00.708Z
Twitter: @gizmodo
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Bloomberg - Are you a robot?
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Sage's Aaron Harris: Digital networks will power the future of accounting | Accounting Today

Software as a Service and the cloud have been important drivers of innovation — particularly during the COVID-19 pandemic — but the next stage of technological change will revolve around digital networks, according to Aaron Harris, the chief technology officer of business software developer Sage.

Publisher: Accounting Today
Date: 2021-11-12T01:11:34.144
Author: https www accountingtoday com author daniel hood
Twitter: @AccountingToday
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FASB declines to extend nonpublic lease accounting effective date - Journal of Accountancy news

Private companies and not-for-profits will not see further relief from the effective date of FASB's new lease accounting standard after the board voted unanimously Wednesday to reject a request for a two-year extension that was submitted by the Pennsylvania Institute of CPAs (PICPA).

Publisher: Journal of Accountancy
Date: 2021-11-10T15:21:00.000-05:00
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Vanilla Ice and Velcro suits | Accounting Today

Wearing a Velcro suit is the polar opposite of wearing a Teflon suit. That's what we call people who keep deflecting and avoiding responsibility. When people hear "Teflon suit," they think of the cable company or the DMV.

We should all channel our inner Vanilla Ice and put on our Velcro suits so we can become the ultimate problem-solvers for our clients. I know what you're thinking. "That's not what I do. That's not in my wheelhouse."

Publisher: Accounting Today
Date: 2021-11-12T16:08:39.521
Author: https www accountingtoday com author kyle walters
Twitter: @AccountingToday
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Ditch the accounting tricks at the statehouse | Opinion | ehextra.com

Quick question: If you buy your Christmas gifts with a credit card this December, will you still owe that money in January?

Yet when state leaders put together a state budget—spending tens of billions of dollars a year in public money—they often fail to account for future obligations, pretending they don't exist.

Publisher: The EagleHerald
Twitter: @eagleherald
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With the right tech, accounting is the secret sauce in business growth | ITProPortal

It’s a brave new world out there - and not always an easy one to navigate. As companies tackle everything from regulatory upheavals to natural disasters and the occasional ship stuck in a canal, agility is essential.

Senior teams must be able to make decisions backed up by clean, actionable financial insights. What did last month look like? How sure can we be that those trends will continue - or end? Can we sign off on the budgets that let our frontline teams get the job done?

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Publisher: ITProPortal
Date: 2021-11-12T09:30:41Z
Author: Adam Zoucha
Twitter: @itproportal
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Opinion: At last, a global accounting standard that will discourage greenwashing and harness the

LONDON ( Project Syndicate )— This year's United Nations Climate Change Conference (COP26) in Glasgow has brought a marked shift in focus from the responsibilities of governments to the power of the private sector.

This is not merely a question of how much difference individual or coordinated emissions reductions by firms would make, though the answer is probably significant. Rather, it is a question about the potential of the market.

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Publisher: MarketWatch
Date: 2021-11-11T18:01:00-05:00
Author: Lucrezia Reichlin
Twitter: @marketwatch
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Xero acquires inventory management provider Locate Inventory | Accounting Today

Cloud accounting software developer Xero Ltd. has acquired inventory management provider Locate Inventory for $19 million.

"We selected Locate as it has some of the most comprehensive inventory-accounting workflows in the U.S. market," Xero CEO Steve Vamos said in a statement.

Publisher: Accounting Today
Date: 2021-11-12T21:31:56.556
Author: https www accountingtoday com author daniel hood
Twitter: @AccountingToday
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Local accounting firm builds pro sports niche and a new building in New Kent - Richmond BizSense

ProSport will move into its new 12,000-square-foot building in January. ( Renderings courtesy of Fultz & Singh )

That's because his New Kent County-based accounting firm, ProSport CPA, serves a list made up almost exclusively of pro athletes, along with some professional entertainers, musicians and actors.

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Publisher: Richmond BizSense
Date: 2021-11-11T08:05:58 00:00
Twitter: @rvabizsense
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