The AICPA Financial Reporting Executive Committee (FinREC) issued a working draft of an accounting implementation paper Wednesday that would address revenue recognition implementation for employee benefit plans and would be included in the AICPA Audit and Accounting Guide, Employee Benefit Plans. FinREC is seeking comments on the proposed implementation guidance, which addresses how FASB’s new […]
Archives for 2021
World’s richest face tax blow after 40% wealth surge to $8.4T
Amazon.com Inc. founder Jeff Bezos has the resources to launch himself into space. Elon Musk does, too. In many ways, though, the richest people left the vast majority of the world behind long ago. The world’s wealthiest 500 individuals are now worth $8.4 trillion, up more than 40% in the year and a half since […]
I did the Business Casual podcast this week
Thanks to my friends at Morning Brew, especially Alex Lieberman for a fun, wide-ranging interview. Source: It’s the meme stock market now (Business Casual)
Microsoft: Big Cryptomining Attacks Hit Kubeflow
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7 Accounting Reports You Should Know Inside and Out as a Business Owner
You know that running a business means tracking all of your incoming and outgoing money. So, you write it all down and track every single penny and transaction. But, how do you analyze all of that information? The answer: accounting reports. Let’s dive into the seven accounting reports you should know when running a business. […]
Learn Quickbooks to Save Each Year Managing Your Accounting and Bookkeeping
Free Book Preview Money-Smart Solopreneur This book gives you the essential guide for easy-to-follow tips and strategies to create more financial success. June 10, 2021 2 min read Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share […]
Uncovering the IoT blindspot in a post-pandemic world
As companies around the world look at returning to the office, they must also have eyes on their IoT devices says, Max Heinemeyer, director of threat hunting at Darktrace. It’s not just offices – our cities are becoming smarter, and our homes too. Despite this proliferation of IoT, which will only accelerate after the pandemic, […]
What Are Assets in Accounting? – business.com – Business.com
The term “asset” is often heard when the financial value of a business is being assessed. An asset can be any resource that an individual or a corporation controls and generates a positive economic benefit for its owner. Personal assets contribute to a person’s wealth, while business assets are for corporations and are listed on […]
Osome raises $16M to automate repetitive accounting tasks – VentureBeat
Elevate your enterprise data technology and strategy at Transform 2021. AI-powered accounting platform Osome today announced that it raised $16 million in a series A funding round. The company plans to put the proceeds, which bring its total raised to over $24 million, toward expanding its footprint internationally and building new product integrations. Studies show […]
Seccl launches instant deposits
Platform technology provider and Octopus-owned custodian Seccl has launched instant deposits, allowing client payments made by bank transfer to clear and invest instantly. To provide the service Seccl has integrated with Lloyds Bank’s new event driven notification API in order for clients of Seccl-powered platforms to transfer money to their platform account immediately which can […]