Wednesday, December 22, 2021

'Golden Rule': Apply Accounting Principles Correctly | New York Law Journal

Publisher: New York Law Journal
Date: 2021-12-21
Author: Matthew Solum
Twitter: @NYLawJournal
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Bank of England fines Metro Bank $7 mln after accounting blunder | Reuters

Signage is seen outside of a Metro Bank in London, Britain, May 22, 2019. REUTERS/Hannah McKay/File Photo

The Bank of England's Prudential Regulation Authority (PRA) said the incorrect risk weightings meant the bank had presented an inaccurate picture of its regulatory capital in its regulatory returns between May 2016 and Jan 2019.

Publisher: Reuters
Date: 2021-12-22T08:24:20Z
Author: Carolyn Cohn
Twitter: @Reuters
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Tech Crunch Tuesday: Virtual accounting solutions

ALBANY, N.Y. ( NEWS10 ) – This week we’re talking about virtual, cloud-based accounting solutions for businesses that may be looking to outsource their number crunching.

BST & Co. is an accounting, business advisory, and management consulting firm with offices in Albany. BST Partner Kristen Berdar created the firm’s Virtual Accounting Solutions Division five years ago.

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Publisher: NEWS10 ABC
Date: 2021-12-21T12:24:25 00:00
Author: Ryan Peterson
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Mohegan Gaming & Entertainment Welcomes Haven Pope as Chief Accounting Officer | National

UNCASVILLE, Conn., Dec. 21, 2021 /PRNewswire/ -- Mohegan Gaming & Entertainment (MGE), world renowned integrated entertainment resort developer today announced the appointment of Haven Pope as Chief Accounting Officer.

"The Chief Accounting Officer is critical to Mohegan's success as a global, tribal entity, and we have the utmost confidence that Haven will exceed expectations in this role," said Ray Pineault, President and Chief Executive Officer of Mohegan Gaming & Entertainment.

Publisher: KPVI
Author: Mohegan Gaming Entertainment MGE
Twitter: @kpvi
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Be careful when accounting for inflation's bite

When doing accounting forecasting and planning, businesses that for the past 22 months have dealt with an international pandemic now have to account for a financial predator: inflation.

Inflation – price increases – is setting records, as the Bureau of Labor Statistics explains: "On an unadjusted basis, the final demand index rose 9.6 percent for the 12 months ended in November, the largest advance since 12-month data were first calculated in November 2010.

Publisher: Knoxville News Sentinel
Author: Jimmy Rodefer
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Accounting, Analytics Options Available to Penn State DuBois Business Students –

DUBOIS – Students currently enrolled, or those considering enrollment in the Bachelor of Science in Business major at Penn State DuBois now have options available to them in two of the most in-demand fields for business professionals.

The new accounting option and data analytics option will provide students with a broadened education in specialized areas, preparing them to find success in a workforce hungry for professionals with their qualifications.  

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Publisher: GantNews.com
Date: 2021-12-20T06:04:00 00:00
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Recruiting and retention in 2022 | Accounting Today

Long before the rest of the economy faced the Great Resignation, the accounting profession found itself in a massive war for talent, struggling to find and keep staff. In this webinar, a panel of experts shares best practices for firms looking to attract and retain the best and brightest.

Publisher: Accounting Today
Date: 2021-12-21T22:03:18.034
Twitter: @AccountingToday
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Sonoma County accounting firm names two new partners

Jennifer Pickle, CPA and Lotasha Thomas, CPA, MBA have been promoted to partners of the Santa Rosa-based accounting firm Dillwood Burkel & Millar, LLP.

Pickle started her career in public accounting in 2006 after graduating from Sonoma State University, and she joined DBM as a manager in 2016. She also previously worked as a controller for a real estate investment company.

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Publisher: The North Bay Business Journal
Date: 2021-12-21T22:15:13
Twitter: @NBBJ
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This Proposal Could Inadvertently Improve Corporate Accounting - ProMarket

A provision within the Biden administration's Build Back Better bill that assesses a minimum tax on certain companies based on their income reported to Wall Street could improve corporate accounting

Buried away deep on page 1741 of the Build Back Better bill (BBB) that is logrolling precariously through the US Congress is a provision that could transform corporate accounting for the better. 

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Publisher: ProMarket
Date: 2021-12-21T22:00:00 00:00
Twitter: @ProMarket_org
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Accounting: The importance of an annual review | BusinessNorth Columnists | businessnorth.com

Success is one of the hardest things to recognize. Not because success is rarely achieved, but because it is so often nebulously defined.

Annual reviews are a powerful business tool. They provide insight into the past year through analyzing metrics and other data. Were goals that were set achieved? Why or why not? What other achievements did the company experience? How did those achievements impact the company?

Publisher: BusinessNorth
Author: Mary McDonald
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