inDinero Accounting

JUNE 29, 2023

Accrual Accounting is a vital component of Generally Accepted Accounting Principles (GAAP). Understanding the principles of GAAP accrual accounting can be challenging and daunting; however, with the right guidance, it can be achieved. What are Generally Accepted Accounting Principles (GAAP)?

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Withum

JUNE 14, 2023

Companies will have to disclose specific ESG information that regulators and accounting standards require. ESG reporting standards are transitioning from the wild west to ridged government and accounting-imposed standards. Below is a summary of some sustainability reporting standards companies will be subject to.

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Withum

JULY 11, 2023

Moreover, digital transformation allows for efficient ESG accounting, controls and disclosure, alleviating the reporting burden and facilitating informed decision-making. International accounting standards will require sustainability disclosure alongside finance statements.

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Baruch Lev

JUNE 6, 2021

A colleague opens his MBA finance class by asking the students: “Who would invest in a company which reported 10 consecutive years of losses?” Welcome to the bizarre world of accounting. Enter accounting. The absurd result: the more innovative the enterprise, the higher its accounting losses. This isn’t a coincidence.

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DMCL

APRIL 11, 2022

On April 7, 2022, the Honourable Chrystia Freeland tabled her second budget as federal Minister of Finance and Deputy Prime Minister. Introduction of the new Tax-Free First Home Savings Account (FHSA). Budget 2022 focuses on several key initiatives: Addressing housing affordability. Elimination of some impacts of the new IFRS 17.

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CPA Practice

FEBRUARY 13, 2023

Cost accounting and inventory management: This includes standard cost systems, activity-based costing, and cost-volume-profit analysis, among others. Lean accounting: This is a management accounting approach that aligns with the principles of Lean manufacturing, including reducing waste and maximizing value.

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inDinero Accounting

JUNE 24, 2021

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.

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PYMNTS

MARCH 7, 2016

has announced a spring 2016 update to its key financial management flagship offering in a push to streamline the workflow of finance professionals. GAAP and international accounting standards, is another boon to efficiency, said Bres.

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Going Concern

AUGUST 25, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. The accounting industry is in a state of transition. The influx of private equity, labor shortages, and remote/hybrid work have all impacted accounting firms to varying degrees.

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