Wednesday, January 18, 2023

Top 5 Accounting Rules to Hit Companies’ Books This Year, Including Issues to Watch For

The rules come into effect at a time of economic speculation about inflation, recession, interest rates and the Ukraine situation, among other issues, accountants said.

Companies should expect the initial cost to be expensive, Monahan said. "I did hear from a lot of people it was very expensive."

Publisher: Thomson Reuters Tax & Accounting News
Date: 2023-01-18T12:45:56 00:00
Author: deniselugo
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Wolters Kluwer Tax & Accounting names Garrett Hale EVP, Global Operations | Business Wire

"We are thrilled to welcome Garrett Hale to Wolters Kluwer Tax & Accounting as our new Executive Vice President, Global Operations," says Karen Abramson , Chief Executive Officer, Wolters Kluwer Tax & Accounting.

Mr. Hale comes to Wolters Kluwer from Assurant, where he was most recently Senior Vice President of Operations for their Global Housing division.

Date: 2023-01-17
Twitter: @businesswire
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Financial Accounting Career Provides Its Own Kind of Adrenaline | Oxford, CT Patch

DANBURY — Sometimes the career you envisioned and the one you end up having could not possibly be more different. That was the case for Oxford resident Kevin Tirella, who anticipated a career in law enforcement, and ended up being a Greenwich-based CPA consultant.

Tirella planned to play football and ultimately become a police officer when he went out of state to attend college.

Publisher: Oxford, CT Patch
Date: 2023-01-17T21:12:05Z
Author: One of your neighbors posted in Schools Click through to read what they have to say The views expressed in this post are the author s own
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Lease accounting standard evolves in U.S. and abroad | Accounting Today

Private companies in the U.S. are still adjusting to the lease accounting standard that took effect last year, even as international standard-setters are proposing new rules for the public sector.

After a long wait, private companies finally seem to be adopting the new lease accounting standard, which puts operating leases on the balance sheet for the first time at many companies. 

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Publisher: Accounting Today
Date: 2023-01-17T18:59:39.419
Author: https www accountingtoday com author michael cohn
Twitter: @AccountingToday
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BRIEF-China Unicom Hong Kong Says Changes In Accounting Estimates Expected To Increase ...

China Unicom Hong Kong Says Changes In Accounting Estimates Expected To Increase Depreciation Expenses Of Fixed Assets By RMB 2.35 Bln For FY22

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TaxBit Announces Acquisition of Digital Asset Accounting Startup Tactic

The combination of TaxBit's enterprise-grade digital asset tax and accounting solutions with Tactic's automated accounting software enables best-in-class crypto financial visibility and compliance for businesses.

TaxBit co-founder and CEO Austin Woodward commented, "2022 demonstrated that there is a massive problem in the digital asset space with regards to credible accounting.

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Date: 9D28F7743C790DD88F2D9C7375EF7ED5
Author: TaxBit
Twitter: @PRNewswire
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Art of Accounting: How to manage an accounting practice graduate seminar | Accounting Today

Later this month, I will start teaching a graduate seminar at Baruch College on how to manage an accounting practice. I am very excited about this and am developing material that will be used as a reference source for the students.

During COVID, I taught two courses on Zoom for Fairleigh Dickinson University and two at Baruch College. Like everyone, I adapted to the Zoom environment and, while I missed the interaction with these very bright students, I did not miss the commute.

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Publisher: Accounting Today
Date: 2023-01-16T15:58:00
Author: https www accountingtoday com author edward mendlowitz
Twitter: @AccountingToday
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Another Mexican NBFI to default after accounting errors
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Publisher: GlobalCapital
Date: 2023-01-18T12:01:33.691
Twitter: @GlobalCapNews
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Trullion Adds New Tools to Accounting Platform | PYMNTS.com

Trullion has added new revenue recognition and audit modules to its accounting automation platform.

Both modules are powered by artificial intelligence (AI) and enhance accounting transparency, Trullion said in a Monday (Jan. 16) press release .

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Date: 2023-01-16T19:21:56-05:00
Twitter: @PYMNTS.com
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Regional accounting firm adds new partner | Local News | tullahomanews.com

While Monday morning had overcast skies and cold temperatures, it did not stop residents from gathering and marching to honor Dr. Martin Luther King Jr. for the return of the annual march sponsored by the We Care Committee.

The former treasurer of the South Marshall Volunteer Fire Department in Marshall County stole $48,310.83 from the department and now faces a 95-count indictment.

Publisher: Tullahoma News
Twitter: @tullahomanews
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