Friday, October 14, 2022

FASB Decides on Accounting Method for Crypto Assets - CPA Practice Advisor

The Financial Accounting Standards Board (FASB) on Oct. 12 determined that companies should measure cryptocurrency assets, like Bitcoin and Ethereum, using fair value accounting, with gains and losses recorded in current period comprehensive income.

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Publisher: CPA Practice Advisor
Date: 2022-10-13T17:16:36 00:00
Author: Jason Bramwell
Twitter: @cpapracadvisor
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Accounting Top 100 Social Media Leaderboard - CPA Practice Advisor

We can't believe it is already October! As 2022 appears to be flying by, this week we asked our leaderboard participants how their month was going so far. We understand that for many in the accounting profession, October brings its own challenges that were validated from their responses.

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Publisher: CPA Practice Advisor
Date: 2022-10-12T21:00:00 00:00
Author: Maureen Salahshoor
Twitter: @cpapracadvisor
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Donald Trump Jr. Admits He Doesn't Get Basic Accounting
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Publisher: Business Insider
Date: 2022-10-13T16:43:06Z
Author: Laura Italiano
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Products matter — especially in tax & accounting services - Thomson Reuters Institute

There are steps that tax & accounting firms can take to create products out of their key service offerings to better serve clients and enlist new ones

As the topic of advisory services and advisory relationships continues to gain traction and understanding in the tax & accounting profession, it is not uncommon to hear more about the need to productize your services.

Publisher: Thomson Reuters Institute
Date: 2022-10-13T17:45:12 00:00
Author: Will Hill
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How Recent Changes to the IRS Impact the Tax and Accounting Profession - CPA Practice Advisor

The tax and accounting profession was already in a staffing crunch heading into 2022, with the demand for young talented accountants fresh out of college outpacing the number of graduates entering the field.

Right now, we're facing a crisis within the profession. According to Inside Public Accounting, a third of partners are aged 55 or older.

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Publisher: CPA Practice Advisor
Date: 2022-10-13T19:27:57 00:00
Author: Richard Lavina
Twitter: @cpapracadvisor
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Sage buys carbon accounting software solution from Spherics | Accounting Today

The U.K.-based Spherics software automates the process of calculating emissions by ingesting data from a customer's accounting software and matching transactions to emission factors to create an initial estimate of their carbon footprint.

"We know that SMBs care about the impact they have on the environment, and our research shows that they want to work with suppliers and partners that can help them understand and address it," said Amaya Souarez, executive vice president of cloud operations at Sage, in a statement.

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Publisher: Accounting Today
Date: 2022-10-12T18:14:49.225
Author: https www accountingtoday com author chris gaetano
Twitter: @AccountingToday
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Microsoft adds carbon market and accounting software to 365

Microsoft is the latest company to enter the ring to be the one emissions data software provider to rule them all.

The latest: Microsoft is rolling emissions tracking software and a carbon credit network into its 365 enterprise software, the tech giant said Wednesday.

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Publisher: Axios
Date: 2022-10-12T16:00:56Z
Author: Megan Hernbroth
Twitter: @axios
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REC names new directors of Accounting and Member Services | Local News | thecentralvirginian.com

Publisher: The Central Virginian
Twitter: @TheCV
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Crypto Bankruptcies Have Generated a Wave of New Accounting Clients for Armanino - Decrypt

Although bad news for the companies involved, bankruptcies, liquidations, and tokens going to zero have created myriad opportunities for accounting firms like Armanino.

The company, founded in 1969, started looking at providing services to crypto firms back in 2014, and has since built out an entire suite of products under the umbrella of its TrustExplorer brand.

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Publisher: Decrypt
Date: 2022-10-12T00:32:36
Author: Decrypt Stacy Elliott
Twitter: @decryptmedia
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Only Three Top 25 Law Schools Offer This High-Value Joint Degree

Demand for professionals with hybrid legal and advanced accounting training is expected to escalate, and the legal and accounting skills that students develop with a combined juris doctorate and master of accountancy degree make them exceptionally attractive job applicants, says Brigham Young ...

Twitter: @tax
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Trance Party Event Tickets

A Concert Like No Other


Hop aboard a shuttle to Kepler-1649c. Be there to welcome new lifeforms into the universe. All passengers must have a verified event ticket. There are 10,000 tickets in circulation so no need to panic. Limited seating available per trip. There will be multiple flights each hour shipping off from the NORAD Space Port in Iceland.

Event tickets are non refundable & non transferable (except on the black market. Call Sal with questions.) An event ticket can be reused for up to 9900 yearly transactions.

No sandals allowed on flight. Adults only. Kittens must show a custodian's ID at the gate. You are not allowed to get married while aboard the shuttle. Please arrive early if you are wearing jeans.

NB: EVENT TICKETS CONTAIN A PRIVATE ANONYMOUS DIGITAL IMPRINT.

Reserve your spot. Click here.




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