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Accounting Changes Balloon Liabilities For Chipotle, Nordstrom

PYMNTS

Changes in lease accounting standards have led top retailers and restaurant chains in the U.S. The lease accounting standard overhauls, led by the Securities and Exchange Commission (SEC), change the way companies report their lease commitments. On the retail side, Nordstrom posted a nearly 25 percent increase in liabilities.

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CFOs Brace For Loan Disruption Amid Accounting Changes

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Corporates are gearing up to manage a whole slew of accounting standards changes in the coming years, but one of the more immediate effects involves how leases are recorded on financial statements. Some companies may seek legal advice on adopting the new standards or interpreting loan covenants.

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SMB Challenger Banks A Hot Spot With VCs

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The largest round of the week went to OakNorth , but other significant investments landed at supply chain management, corporate accounting and small business finance players, totaling more than $821 million in total VC funding. Today, the company said, its B2B operations account for 70 percent of the firm’s net revenue growth.

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UK Financial Watchdog Ramps Up Auditor Oversight

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financial watchdogs have stepped up their oversight of the accounting and auditing industry amid a string of corporate accounting scandals, collapses and questions over the dominance of the Big Four auditing firms. KPMG , PwC , Deloitte and EY head the U.K.

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Seattle Warns NY About Amazon Effect Of HQ2

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7) at the Retail, Wholesale and Department Store Union, an organization that has been backing efforts to organize workers at a Staten Island Amazon fulfillment center. “This isn’t about being anti-growth or anti-corporation. . “This isn’t about being anti-growth or anti-corporation.

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Starling Announces Plans For Business Banking Solution

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challenger bank, has positioned itself to disrupt retail banking. Now, the company is hoping to do the same for corporate banking. 4) that Starling is launching a business banking service early next year, just months after the company rolled out its app-only current account service for consumers. Starling Bank, a U.K.

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Is Amazon After An Office Depot Supply Deal?

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The eCommerce powerhouse is rumored to be considering taking a stake in the deal, and its investment may be the magic ingredient the deal needs to pass muster with the FTC and launch an entry into corporate office supplies for the online retail giant. How exactly would this help the merger?