Saturday, May 7, 2022

Accounting for employee retention credits - Journal of Accountancy

Congress passed programs to provide financial assistance to companies during the COVID-19 pandemic, including the employee retention credit (ERC). The ERC provides eligible employers with credits per employee based on qualified wages and health insurance benefits paid.

Not-for-profits account for government grants under FASB Accounting Standards Codification (ASC) Subtopic 958-605. For-profit entities do not have specific guidance in U.S. GAAP to apply to account for ERCs.

Publisher: Journal of Accountancy
Date: 2022-05-06T15:49:00.000-04:00
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Dr. John Carlson, an Accounting of a Decade of Impact | Albion College

The Albion economics and management professor is retiring at the conclusion of the spring 2022 semester.

Professor John Carlson speaks with Albion E&M students in the lead-up to spring-semester final exams.

"My favorite part of teaching at Albion every year is working with the students," says Dr. John Carlson, associate professor of economics and management, who after a decade of service to Albion College is retiring this month.

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Publisher: Albion College
Date: 2022-05-05T15:40:19 00:00
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NABA, CAQ announce partnership to grow accounting talent pipeline - Journal of Accountancy

The National Association of Black Accountants (NABA) and the Center for Audit Quality (CAQ) are teaming up to help community college students progress from two-year to four-year accounting programs. Support will include connecting students with mentors and tutors.

Publisher: Journal of Accountancy
Date: 2022-05-05T17:17:00.000-04:00
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Brajcich Named Inaugural Jud Regis Chair of Accounting | Gonzaga University

SPOKANE, Wash. – The first Jud Regis Chair of Accounting at Gonzaga University will be associate professor Andrew Brajcich, currently director of graduate accounting.

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Date: 637875362127692099
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Valor Elevates Adam Powell to Chief Accounting Officer

New role includes oversight of the company's accounting, financial and risk management departments

"As we continue to expand our scope of services and develop additional service lines, we continue to grow and expand our accounting department," says Joseph DeWoody , CEO of Valor.

Twitter: @Yahoo
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3 Ways Web3 May Impact Accounting (and How to Prepare) | Inc.com

Anna Masker, an  Entrepreneurs' Organization  (EO) member in New York, is a founding partner of ProfitLinq , a scalable outsourced finance and accounting solution for fast-growing crypto and blockchain companies.

Seldom does a person use the words "accountant" and "innovation" in the same sentence.  However, with the evolution of Web 3.0 , accounting firms must adapt to the innovations coming with blockchain technology or risk getting left behind.  

Publisher: Inc.com
Date: 2022-05-05 06:33:00
Author: Entrepreneurs Organization
Twitter: @Inc
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BioMarin Hires Pharmaceutical Industry Leaders in Marketing and Accounting to Fill Strategic ...

SAN RAFAEL, Calif. , May 5, 2022 / PRNewswire / -- BioMarin Pharmaceutical Inc. (Nasdaq: BMRN) today announced that the Company hired two pharmaceutical industry leaders in their respective areas of expertise.

"We are thrilled to welcome Humaira and Erin to BioMarin during a time of financial, commercial and regulatory momentum in 2022 and beyond.

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Publisher: BioMarin Investors
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