Monday, January 3, 2022

Hong Kong’s accounting regulator promises to get tough to root out audit failures | South China

Publisher: South China Morning Post
Date: 2022-01-03T15:08:25 08:00
Author: Enoch Yiu
Twitter: @SCMPNews
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News Main | arirang TV
Author: The Korea International Broadcasting Foundation
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Professor's Assignment Leads to Necromantic Accounting Game

Video games can come in all shapes and sizes. There’s a lot of fun that comes from all the creativity that arises in all sorts of people, and the stress relief (or inducing) that can come from it.

There’s a bit of a background story to this, thankfully. This was actually all thought up by a professor of game design at NYU’s Game Center, Alexander King. King, as a challenge to his students, told them for an assignment, to create a game using Google spreadsheets as its base.

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Publisher: COGconnected
Date: 2022-01-03T00:27:54 00:00
Twitter: @COGconnected
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Farmington hires accounting firm for treasurer duties - CentralMaine.com

FARMINGTON — Selectmen voted 4-1 Tuesday night, Dec. 28, to hire Berry-Talbot-Royer, a Certified Public Accountant firm in Falmouth to carry out many tasks previously completed by the town’s treasurer.

Treasurer LucyAnn Cook resigned earlier this month and only one application was received for the position, Town Manager Christian Waller said. The person was not qualified, he noted.

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Publisher: Kennebec Journal and Morning Sentinel
Date: 2021-12-30T23:00:42 00:00
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Ask Doug & Polly: What's better for your business: cash or accrual accounting system?

QUESTION: I am considering switching from cash accounting to accrual accounting for my small business. Do you think this makes sense?

The Internal Revenue Code requires some companies to use accrual accounting for tax purposes. It's best to consult a CPA to see if your business falls into this category.

Publisher: Richmond Times-Dispatch
Date: Richmond Times-Dispatch
Author: DOUG AND POLLY WHITE Special correspondents
Twitter: @rtdnews
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FASB Targets New Long-Term Agenda, Rules on Expense Disclosure in 2022 - WSJ

2022 marks a pivotal year in which the U.S. accounting standard setter could overhaul its priorities as part of a so-called "agenda consultation." The consultation, which began last year, was the first in five years.

The FASB in recent months received more than 500 letters in which companies, investors, academics and other stakeholders shared their opinions on what it should focus on.

Publisher: WSJ
Date: 2022-01-03T10:30:00.000Z
Author: Mark Maurer
Twitter: @WSJ
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Countdown Starts to Private Company Lease Accounting Overhaul

After a failed attempt to secure another deadline extension, 2022 is—for real—the year private companies have to tally up all the real estate, equipment, and vehicles they rent and report them on their balance sheets for the first time ever.

By all accounts, figuring out how to comply with the Financial Accounting Standards Board's new lease accounting standard will be a major undertaking. Luckily, private companies don't have to comply as soon as the calendar turns to January.

Twitter: @tax
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IT & ITES, consultancy services, accounting and fin serv won't be affected due to Omicron: Sunil

Sunil Talati, the chairman of India's apex trade body under ministry of commerce, has a daunting task of taking India's exports to $1 trillion by 2030 from a few billions now but he is hopeful with the steps the ministry has been undertaking.

India's merchandise exports are likely to reach the target for the first time ever. It is expected to hit $400 billion set for FY22. What about the services side?

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Publisher: Deccan Herald
Date: 2022-01-02T21:20:02 05:30
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Non-profit Accounting Software Market Size 2021 Analysis by Top Key Players |

New Jersey, United States,-   Market Research Intellect has been analyzing technology and markets for Non-profit Accounting Software since 2018. Since then, through Research Analysis of companies, we have been very close to the latest research and market development.

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Financial Accounting Market Report- Size, Growth, Analysis Of Key-players Types And Application,

Financial Accounting Market 2021 research provides a detailed information of the industry including classifications, applications and industry chain structure .

Key players in the global Financial Accounting market covered in are:
BDO
Cayenta (Assist Cornerstone Technologies)
Intuit
Intacct
Xero
Tally Solutions
Red Wing Software
Deloitte
Unit4
Grant Thornton
PwC
FreshBooks
Mazars
IBM
Epicor
Oracle (NetSuite)
Microsoft
Sage Group
EY

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