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 […]
Archives for 2020
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 […]
10 Terrifying Business Tasks
All business owners have some tasks they would rather put off. Some tasks are tedious, boring, overly time consuming…and then there are some tasks that are downright terrifying. At BKE we are here to help. That is why we are breaking down ten of the most terrifying tasks business owners are faced with, and some […]
God from the Machine
Euripides gets a bad wrap. Critics have been busting his chops since at least 431 BC, when he debuted his play Medea. He wraps up the conflicts in his plays by having an actor lowered down to the stage via crane or lever, portraying one of the many gods in the ancient Greek pantheon. The […]
Moderna says it’s preparing global launch of Covid vaccine as it takes in $1.1 billion in deposits
A sign marks the headquarters of Moderna Therapeutics, which is developing a vaccine against the coronavirus disease (COVID-19), in Cambridge, Massachusetts. Brian Snyder | Reuters Moderna is prepping for the global launch of its potential coronavirus vaccine, already taking in $1.1 billion in deposits from governments awaiting the potentially lifesaving drug, the biotech firm said […]
Yum Brands quarterly revenue rises 8%, fueled by higher Taco Bell demand
Vehicles wait in line at the drive through lane of a Yum! Brands Inc. Kentucky Fried Chicken (KFC) and Taco Bell restaurant in Lockport, Illinois, U.S. Daniel Acker | Bloomberg | Getty Images Yum Brands on Thursday reported that its quarterly revenue rose 8%, fueled by Taco Bell’s return to positive same-store sales growth. Shares […]