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[07/11/21] The Sad State of Accounting

Baruch Lev

The Wall Street Journal reported (July 1, 2021) that the International Accounting Standards Board (IASB), the accounting body that sets the financial reporting rules of public companies in more than 140 jurisdictions ? So, accounting standard-setters have their work cut out for them. but not in the U.S. —

Account 40
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An Exclusive Interview with FASB Chairman Richard Jones

ThomsonReuters

If more large companies follow Tesla’s lead to accept digital currencies as payment (which is possible), what are the financial reporting implications for accountants? Will this require changes to the conceptual framework and related accounting rules? TR : When will a final standard on the classification of debt be issued?

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FAQs Business Owners Need to Know About The 3 Essential Financial Reports

inDinero Accounting

At inDinero, we believe accounting supports business. If a business owner doesn’t understand an accounting term , we don’t use another accounting term to explain it. We specialize in accountants who speak business to business owners and CEOs. Sometimes there’s just no avoiding accounting speak.