FASB responded to an urgent pandemic-related accounting concern Wednesday by voting to provide private companies and not-for-profits with an alternative to the requirement to monitor and evaluate goodwill impairment triggering events throughout the fiscal year and potentially measure a goodwill impairment at the date of triggering events. FASB voted Wednesday to provide an accounting alternative […]
Archives for February 2021
Advisor Group’s new tech exec shares his strategy for developing next-gen software
As Advisor Group continues to work through its $1.3 billion purchase of Ladenburg Thalmann purchase, a new executive is guiding the independent broker-dealer’s technology strategy. In January, Advisor Group announced it hired Peter Clemson, a 25-year industry veteran who was most recently serving as the CEO of Evati, a robo-advice startup he founded, as its […]
Nursing homes with more minority residents had 3 times as many Covid deaths as those with more Whites, study finds
Derede McAlpin holds a photo of her mother, 92-year-old Sara McAlpin, who was diagnosed with Covid-19 in Rockville, MD. Katherine Frey | The Washington Post | Getty Images Nursing homes with more minority residents reported more than three times as many Covid deaths as those that had more White residents, a large study published Wednesday […]
How the Stock Market Works
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Virtual accounting: How to succeed remotely – Journal of Accountancy
Chad Davis, CPA (Canada), had been successfully working remotely for years when the coronavirus pandemic forced many accounting firms to go fully remote. He and Josh Zweig, CPA (Canada), founded LiveCA, a fully virtual accounting firm in Canada in 2013. Zweig was focused on tax and Davis on technology, so the two meshed well, especially […]
Virtual accounting: How to succeed remotely
Chad Davis, CPA (Canada), had been successfully working remotely for years when the coronavirus pandemic forced many accounting firms to go fully remote. He and Josh Zweig, CPA (Canada), founded LiveCA, a fully virtual accounting firm in Canada in 2013. Zweig was focused on tax and Davis on technology, so the two meshed well, especially […]
Take on Your Business’s Financial Responsibilities Yourself and Save Money by Mastering These Accounting Skills
Stop spending on accountants when you can be one yourself. Free Book Preview Tax and Legal Playbook Get game-changing solutions to your small business questions. February 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 […]
Helping Resistant Clients Follow Through On Recommendations Using Reflection
Executive Summary One of the most common challenges that financial advisors can face is encouraging clients to implement recommendations when they are resistant to the idea of change… even when the client is aware that those changes are necessary to attain their goals, and even when they want to make those changes! For many clients, […]
Investec to exit structured product market
Investec Bank will pull out of the retail structured product sector in the UK retail market from April, the company revealed today. Because of the exit the next batch of new structured products, being launched from 15 February to 1 April, will be Investec’s last. The company says it is shifting its focus away from […]
GHG accounting: Getting the numbers right for reporting and disclosure | Greenbiz – GreenBiz
This article is sponsored by Envizi. As more organizations commit to decarbonizing their business through pledge platforms such as net-zero initiatives, the Climate Group’s RE100 program or science-based targets, the scrutiny of progress towards these goals is also increasing. These public commitments combined with increasing pressure from investors are intensifying the demand for financial-grade GHG […]