inDinero Accounting

OCTOBER 31, 2023

In this guide, we’ll teach you the core components of the nonprofit statement of financial position and how to put one together in a way that’s as painless as possible. We’ve also provided an example nonprofit statement of financial position to guide you. What Is the Most Difficult Part of Preparing the Statement?

accrual accounting 105

accrual accounting Non-Profits accounting and finance financial statements 105

Going Concern

APRIL 1, 2024

Business Insider wrote about the accountant shortage, specifically Tupperware griping in regulatory filings that it can’t find enough people (again): The accountant shortage is so bad that companies are delaying filing key mandatory reports. A lot of this work that we’re doing is, I’d call it forensic accounting,” Cipriano said.

Account 103

Account accountant accounted audit 103

Going Concern

JANUARY 26, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. But federal monitoring is making a comeback under new leadership. AI Is your firm keeping pace?

Account 116

Account accountant accounted audit 116

Going Concern

JANUARY 9, 2023

A PCAOB inspections leader offers his insight to auditors at a conference: “The role of the financial statement auditor and the auditing profession continues to be a noble endeavor that has never been more needed and vital to our economic stability and the well-being of our capital markets,” said George Botic, CPA.

CPA 97

CPA auditor Tax Account 97

Cherry Bekaert

OCTOBER 25, 2023

The Financial Accounting Standards Board (FASB) has issued Accounting Standard Update (ASU) 2023-03 through ASU 2023-06. However, three of the four ASUs pertain to SEC guidance contained in the Codification and there were no new standards issued by the Government Accounting Standards Board (GASB) this quarter.

financial statements 111

financial statements accounting and finance accounting standards Finance 111

ThomsonReuters

DECEMBER 6, 2022

Given the increased focused on ESG, this blog marks the first in a series dedicated to ESG and its impacts on the accounting profession. What is ESG accounting? As a growing number of businesses focus on ESG-related initiatives, accounting is playing an increasingly important role. Then there’s the tax implications.

auditor 59

auditor Account accountant accounted 59

Going Concern

JANUARY 16, 2023

An accountant used his position in the accounting department of the Volunteer Energy Cooperative (VEC) in Tennessee to steal nearly a million dollars, he used a refund scheme to transfer money into his personal checking account and make payments to his credit cards and his wife’s credit cards. If I move up, I move up.

Account 92

Account accountant accounted auditor 92

Going Concern

NOVEMBER 14, 2023

The PCAOB today announced settled disciplinary orders sanctioning Greece-based PricewaterhouseCoopers Auditing Company SA (PwC Greece) and its partner Nicos George Komodromos for violations of PCAOB rules and standards in connection with the audit of the 2016 financial statements of Aegean Marine Petroleum Network Inc.

audit 104

audit financial statements auditor accounting and finance 104

CPA Practice

AUGUST 17, 2023

Over the last year, the hottest topic of discussion among accounting professionals has been about how artificial intelligence will shape professional firms. For a profession as risk averse as accounting, what can we gather from this? AI has potential to save accounting.

accounting firms 98

accounting firms Account accountant accounted 98

Going Concern

APRIL 12, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. While the average mean salary for accountants in the U.S.

CPA 98

CPA auditor Tax audit 98

Going Concern

APRIL 15, 2024

In response, the Public Company Accounting Oversight Board has drafted a rule that the accounting firms can have public trust or private financials—but they can’t have both. Public accounting firms operate in a unique space in our society. Regulations need to change to match. But what about the books of the auditor?

audit 62

audit Account accountant accounted 62

Going Concern

FEBRUARY 10, 2023

Talent As tax season approaches, accounting firms are short on staff [ Marketplace ] Oh hey! How can employers optimise working environments to support the needs of their accountancy teams and ultimately retain them, all while adding value to their organisation? The stablecoin firm released BDO’s assurance opinion on Feb. 31, 2022.

Florida 96

Florida Tax North Dakota Account 96

ThomsonReuters

APRIL 18, 2023

The accounting profession has faced a profound shift in recent years: from significant regulatory changes to an influx of innovative technologies, to reimagined business models, to an increase in client expectations. What are the current issues in accounting? but there are several common hurdles that often run industry wide.

Account 52

Account accountant accounted Technology 52

Withum

JANUARY 27, 2023

If you have not already taken steps to implement the new lease accounting standard ( Leases (Topic 842) or “ASC 842”), now is the time to do so. ASC 842 significantly changes the presentation of leases for leasees on the financial statements and expands related footnote disclosures.

financial statements 64

financial statements accounting and finance accounting standards accounting software 64

Going Concern

JANUARY 20, 2023

Practice Management How firms use stay interviews to boost retention [ Journal of Accountancy ] Job interviews have long been an essential part of the hiring process. But now, some public accounting firms are turning the lens on themselves.

auditor 96

auditor Technology audit financial statements 96

Going Concern

FEBRUARY 19, 2024

Deloitte said: “We are considering restructuring parts of our advisory corporate finance business. When Evergrande’s auditor, PricewaterhouseCoopers in Hong Kong, signed off on the company’s 2020 financial statements, it didn’t include a so-called going concern warning. CHECK THIS DUDE OUT.

auditor 57

auditor Account accountant accounted 57

Withum

JUNE 27, 2022

Now that we are halfway through the new year, most companies have wrapped up their books and records for 2021 and sent them to their accounting professionals for tax and audit preparation. It is essential to review the books and records for any current month activity that might not be reflected in cash or credit card account activity.

bookkeeping 123

bookkeeping financial statements accounting and finance audit 123

inDinero Accounting

OCTOBER 31, 2023

In this guide, we’ll teach you the core components of the nonprofit statement of financial position and how to put one together in a way that’s as painless as possible. We’ve also provided an example nonprofit statement of financial position to guide you. What Is the Most Difficult Part of Preparing the Statement?

accrual accounting 52

accrual accounting Non-Profits accounting and finance financial statements 52

Going Concern

OCTOBER 11, 2022

These businesses have their financial advisory needs served by hundreds of thousands of small firm accountants and CPAs nationwide. Small business has unique needs for accounting services: primarily tax and advising, and secondarily day-to-day accounting needs to act as de-facto controllers and decision makers.

Education 88

Education Account accountant accounted 88

Going Concern

FEBRUARY 12, 2024

EY piled more than $700mn of extra debt on to its global operating business to deal with the costs of the failed plan to spin off its consulting arm, according to newly filed accounts. The extra debt is designed to smooth the costs of Project Everest across more than one financial year. Some are finding solutions overseas.

auditor 70

auditor Account accountant accounted 70

Going Concern

JANUARY 29, 2024

Accounting Ranks First In Something Good For Once More 2. EY Is Going on a Hiring Spree in the Philippines According to a Financial Times story published this morning , RTO isn’t going so hot at the King’s EY. To No One’s Surprise Except the AICPA’s, AICPA Membership Is Falling 4. 24, it said in a Monday securities filing.

auditor 52

auditor cpa firm Account accountant 52

Going Concern

DECEMBER 19, 2022

Monday Morning Accounting News Brief will resume on January 2, 2023. There was a weird article on Yahoo Finance! in which ChatGPT talks about accounting firms. On Friday, FASB released its annual GAAP Taxonomy , which includes the 2023 GAAP Financial Reporting Taxonomy (GRT) and the 2023 SEC Reporting Taxonomy (SRT).

Account 57

Account accountant accounted audit 57

Going Concern

MARCH 1, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. This is an accounting trick.

audit 105

audit Nebraska auditor chartered accountant 105

Going Concern

MAY 24, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. ICYMI: Here are the five most-read posts on Going Concern this week.

audit 71

audit auditor accounting and finance accounting firms 71

LyfeAccounting

JULY 6, 2021

The good news is that most businesses that are bought are acquired using some form of financing. You can do this either through debt financing using a bank business loan or seller financing where you and the seller come to an agreement on payment terms. Step 1: Figure out what you’re budget is.

Non-Profits 52

Non-Profits accounting and finance Sales Finance 52

CPA Practice

NOVEMBER 15, 2023

percent from 2021 to 2022. That’s according to the 14 th Annual Public Company Audit Fee Study , commissioned by he Financial Education & Research Foundation , which looked at various factors affecting financial reporting and external audits. Overall, average audit fees increased by 4.6

audit 52

audit auditor financial statements Education 52

Cherry Bekaert

JANUARY 29, 2024

The Financial Accounting Standards Board (FASB) issued nine Accounting Standard Updates (ASUs), and the Government Accounting Standards Board (GASB) issued only one new GASB Statement in 2023. The latest issue of the Rundown features a summary of the new standards issued in the fourth quarter 2023.

income tax 93

income tax Tax financial statements accounting standards 93

ThomsonReuters

MARCH 9, 2023

Tax and Accounting professionals, listen up! This one-stop-shop can help make life easier by providing comprehensive resources so you can stay ahead of the game in today’s ever-changing world of tax and accounting. For tax years 2021-2025, many public and private student loan discharges are excluded from gross income.

Tax 59

Tax Account accountant accounted 59

Going Concern

OCTOBER 7, 2022

Big 4 accounting firms reap record-high revenues [ The Korea Times ]. The big four accounting firms in Korea posted all-time-high annual revenues last year, due mainly to double-digit year-on-year growth rates recorded in M&As and consulting services. billion) in 2021, a 21.8 stood at 3.18 trillion won ($2.24 trillion won.

Illinois 93

Illinois CPA audit tax return 93

Going Concern

FEBRUARY 9, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. My buddy from undergrad works office security at one of the Big 4 accounting firms in Midtown.

Technology 86

Technology Colorado audit cpa firm 86

Withum

JANUARY 29, 2024

The current environment in the financial markets compels the consideration of low tide in the valuation of private equity and venture capital investments as the funding landscape has experienced a shift in financing conditions and outlook over the past year. and the realization of a decrease from peak value in 2021 of 73%. [3]

accounting and finance 64

accounting and finance accounting principles accounting standards Finance 64

Going Concern

JUNE 23, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Talent How Can the Accounting Profession Attract a Diverse Generation Z? [ Attracting and retaining these diverse young workers thus represents the next great challenge for firms.

cpa firm 101

cpa firm CPA auditor North Carolina 101

Going Concern

MARCH 3, 2023

” Crypto US lawmakers argue SEC accounting policy places crypto customers at risk [ Cointelegraph ] Two United States lawmakers have criticized crypto accounting guidelines outlined by the national securities regulator, arguing they places crypto customers at greater risk of loss. Marathon Digital Inc. and Riot Platforms Inc.

South Carolina 101

South Carolina Texas audit accounting and finance 101

Going Concern

APRIL 15, 2022

To counter this perception, the accounting profession could be rebranded as a foundational force of social stability and progress, and not just as “a job” with long hours and low return on investment (ROI) on education. There is another way of putting this: Accounting is a profession whose brand has not been diluted.

accounting firms 52

accounting firms audit Account accountant 52

Accounting Seed

JULY 16, 2023

CRMIT Solutions, a certified Salesforce and Accounting Seed partner, was founded in 2003 as a Salesforce services company focused on digital transformation to deliver Customer 360. By following a structured and custom approach, CRMIT ensures a successful Accounting Seed implementation and provides continuous support.

Technology 98

Technology accounting and finance Finance Account 98

Going Concern

JULY 24, 2023

Steven Wasserman wants everyone to know that the accountant shortage isn’t limited solely to accounting firms. I believe that early-stage companies are being more negatively impacted by the accountant shortage than large companies. Early-stage companies often have small accounting staffs. And companies.

Account 52

Account accountant accounted Hawaii 52

Withum

FEBRUARY 1, 2023

Every year the top dealership accounting firms and CFOs converge to discuss the latest hot topics as they relate to dealerships and dealership accounting issues. Once the election is made, the taxpayers must use this method of accounting for 5 years beginning from the tax year the election was made.

accounting and finance 52

accounting and finance income tax Tax CPA 52