Do you know how your business is performing this year compared to last? No? Calculate year-over-year growth to find out. Having the 411 on your business’s financial health puts you in a better position for decision making. Read on to learn what is year-over-year growth, why it matters, and how to calculate it (complete with […]
Archives for October 2020
A history lesson for 2020’s new traders
On this episode Josh explains why we’re facing three worst case scenarios all at once, how markets are reacting and why the vaccine is the only thing that matters. Plus, many of today’s new traders seem to not understand what has happened to prior generations of new traders. A brief history of daytrading – from […]
FSCS opens doors to claims against failed SIPP firm
The FSCS is working through nearly 1,000 potential claims against SIPP operator Guinness Mahon which collapsed in February. The FSCS says it has opened the doors to claims but will await the outcome of a number of High Court cases against Guinness Mahon Trust Corporation Ltd (GMTC) before settling any claims. Bristol-based SIPP and SSAS pensions […]
Treasury yields dip as coronavirus cases surge and election uncertainty continues
U.S. Treasury yields moved lower on Friday after coronavirus cases globally reached a single-day record, along with uncertainty ahead of next week’s U.S. presidential election. The yield on the benchmark 10-year Treasury note fell to 0.822% at 5:14 a.m. ET, while the yield on the 30-year Treasury bond dipped to 1.597%. Yields move inversely to […]
Study Finds Georgetown Accounting Grads Earn Highest Starting Salaries in Country – Georgetown University The Hoya
Georgetown University McDonough School of Business undergraduate accounting students reap higher starting salaries entering the workforce than accounting students at any other college or university in the United States, according to a study published by a business software research firm. The study, published by Best Accounting Software Sept. 1, found median earnings for MSB accounting […]
FASB issues minor codification changes
FASB issued a new standard Thursday that is designed to provide incremental improvements to its Accounting Standards Codification. Accounting Standards Update No. 2020-10, Codification Improvements, describes the changes. The standard is part of a standing FASB project designed to address minor improvements to GAAP that are deemed necessary by the board. The project makes it […]
FASAB proposal would clarify presentation requirement
The Federal Accounting Standards Advisory Board (FASAB) has proposed an interpretation that would address how amounts received in deposit funds from non-federal sources in anticipation of an order (an advance) should be presented on component entity financial statements. The proposed interpretation would clarify the classification and presentation of non-federal non-entity Fund Balance with Treasury (FBWT). […]
Wealth managers fall short under Reg BI? What regulators are saying
Five months into Reg BI’s reign, initial regulatory exams reveal wealth managers are making a bona fide effort to meet new requirements — but the industry is hardly up to snuff, according to regulatory officials. Some firms have failed to disclose how they make compensation. Others inaccurately reported their disciplinary history. And at least a […]
FASB proposes scope clarification for reference rate relief
FASB issued a proposal Thursday that is intended to clarify the scope of the board’s guidance on reference rate reform. In March, FASB issued Accounting Standards Update No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. The standard was issued to address accounting challenges resulting from […]
The Basics of Accrued Liabilities in Business
If you want to keep your business running, you need to fork over some cash to buy goods and services. And sometimes, you might use credit to make these purchases, resulting in accrued liabilities. Accounting lingo like “accrued liabilities” may sound complicated, but don’t panic. It’s actually pretty simple. Read on to learn the basics […]