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APRIL 29, 2020

Accounts receivable at many businesses continue[s] to grow as their customers hold onto cash,” Jason Brodmerkel, CPA, AICPA senior manager, Accounting Standards, said in the announcement. Providing liquidity for accounts receivable would help encourage growth and investments in business.”.

Finance 57

Finance Accounting Standards Treasury B2B 57

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AUGUST 27, 2019

The Certified Personal Accountant (CPA) today now has a plethora of FinTech solutions they can use to manage their clients’ money, with the number of digital tools — including cloud accounting portals, cash flow forecasting solutions and intelligent technologies like artificial intelligence (AI) — continuing to rise.

Cash Flow Forecasting 60

Cash Flow Forecasting Accounting Firms Accounting Standards Accounting 60

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NOVEMBER 8, 2019

LeaseQuery , which is one of the largest providers of lease accounting software, said that it has received an investment from Goldman Sachs’ Merchant Banking Division, to the tune of $40 million in Series A funding. Here in the U.S.,

Investments 40

Investments B2B Accounting Standards Compliance 40

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JUNE 10, 2019

Reports in The Block Crypto late last week said a group of California CPAs has sent a letter to the Financial Accounting Standards Board, a federal board that sets Generally Accepted Accounting Principles (GAAP), requesting that it consider establishing a task force to address a lack of clarity in cryptocurrency accounting standards.

Accounting 51

Accounting IFRS GAAP Accounting Standards 51

PYMNTS

JANUARY 2, 2020

The Financial Accounting Standards Board (FASB), which establishes accounting standards in the U.S., It also provides a new standard for companies that struggle with the implementation of the technology, according to a report by Compliance Week. The new information was released in Accounting Standards Update No.

Accounting 58

Accounting Accounting Standards Nonprofit Compliance 58

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OCTOBER 26, 2018

Amid reports this week that changes to accounting standards are coming over the next few weeks, the Securities and Exchange Commission (SEC) has said that financial professionals, including accountants, must be mindful of cybersecurity risks.

Accounting Standards 49

Accounting Standards Construction B2B Treasury 49

PYMNTS

JUNE 6, 2019

Changes in lease accounting standards have led top retailers and restaurant chains in the U.S. The lease accounting standard overhauls, led by the Securities and Exchange Commission (SEC), change the way companies report their lease commitments.

Accounting 43

Accounting Accounting Standards Auditing Retail 43

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MARCH 6, 2019

Corporate accounting standards are changing, with the Financial Accounting Standards Board adopting new standards in ways companies report on leases, hedging and other financial activity. In the U.K., In the U.S., But researchers warn that corporates continue to find ways to hide the bad news.

Corporate Finance 55

Corporate Finance Finance Accounting Standards Accounting Principles 55

PYMNTS

JANUARY 2, 2020

The Big Four auditing firms have also recently requested that the Financial Accounting Standards Board (FASB) provide clarity in how corporates should classify their reverse factoring or supply chain financing agreements, adding more fuel to a long-standing debate as to whether such trade financing tools are considered debt.

Data Analysis 71

Data Analysis Accounting Standards Auditing Invoicing 71

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FEBRUARY 14, 2019

Along with regulatory action from tax reform and tougher Know Your Customer (KYC) rules adding the pressure of complex red tape, public companies need to add one more compliance concern to their list: changes to accounting standards by the Financial Accounting Standards Board (FASB). “In many ways, they are.”

Accounting Standards 46

Accounting Standards Compliance Accounting Corporate Finance 46

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AUGUST 15, 2019

Enterprise lease accounting software company LeaseAccelerator is teaming up with Clearlink Partners to help joint clients ease the administrative burden of complying with changes in lease accounting standards. The companies announced their partnership in a press release issued Wednesday (Aug.

Compliance 40

Compliance Accounting Accounting Standards Technology 40

PYMNTS

DECEMBER 16, 2016

This is especially true when multinationals must reconcile data across different accounting standards, such as GAAP and IFRS. Thus, the report concluded, firms would benefit from what is known as continuous accounting, where traditional month-end processes would be accelerated to occur more often and more rapidly.

IFRS 74

IFRS Reconciliations GAAP Accounting Standards 74

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MAY 3, 2019

The International Accounting Standards Board established the new lease accounting rules because previous lease accounting practices limited investor and analyst visibility into company finances without leases included on the balance sheet, reports explained.

Accounting 49

Accounting Accounting Standards Benchmarking Financial Reporting 49

PYMNTS

APRIL 16, 2019

Straight2Bank Pay allows businesses to accept payments across a range of channels, including mobile wallets, cards, bank transfers and QR Codes, with funds deposited directly into their accounts. Standard Chartered said the solution allows companies to work with a single collections provider regardless of payment technology.

Banking 61

Banking Accounting Standards Accounting eCommerce 61

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JANUARY 30, 2020

New lease accounting standards are in effect for publicly traded companies in the U.S. after the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) introduced changes to the way businesses account for their outstanding leases.

Accounting 40

Accounting Accounting Standards Compliance Securities 40

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JANUARY 10, 2019

Today, external auditors and accountants are facing rising pressure to mitigate risk amid market volatility, with analysts pointing to increased auditing fees last year as accounting standards tighten.

Finance 74

Finance Risk Management Auditing Accounting Standards 74

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OCTOBER 11, 2018

Corporates are gearing up to manage a whole slew of accounting standards changes in the coming years, but one of the more immediate effects involves how leases are recorded on financial statements.

Accounting 49

Accounting Accounting Standards Financial Reporting CFO 49

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SEPTEMBER 21, 2017

“Bots like Alan will handle the traditional number-crunching and repetitive manual work, while we accountants become the analytical and strategic partners of organizations that guide companies through the increasingly dynamic nature of today’s business [world].”. “In

Accounting 45

Accounting Accounts Payable Cash Management Accounting Standards 45

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JULY 6, 2018

Directors and preparers should ensure that they understand the impact of new accounting standards and have systems and processes in place to support reporting under these new standards.”. The new rules, reports explained, fall under AASB 15 and AASB 9 regulations.

Accounting 41

Accounting Auditing Accounting Standards Compliance 41

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JANUARY 2, 2020

Several high-profile corporate collapses and initiatives from corporate accounting standard-setters have raised questions about businesses’ use of supply chain finance and whether the trade finance tool prevents investors and auditors from gaining a transparent view into company finances.

Auditing 52

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JULY 13, 2018

The nation’s Financial Services Commission (FSC) has referred the case to prosecutors, reports said , after finding that the contract drug manufacturing unit violated accounting regulations in regards to its joint venture with Biogen. The joint venture, Samsung Bioepis , was not disclosed to the FSC, reports said.

Accounting 40

Accounting Profit and Loss Auditing Accounting Standards 40

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MAY 21, 2018

M&G chief executive Anne Richards, HM Treasury non-executive director and deputy chair of Kinnevik Amelia Fawcett, and former audit partner at PwC and former chair of the Accounting Standard Board Mary Keegan are all on the panel.

Accounting 40

Accounting Auditing Treasury Accounting Standards 40

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OCTOBER 25, 2019

Top accountancy firms are asking the Financial Accounting Standards Board (FASB) to clarify how corporates should report on supplier finance programs that are in place, according to Compliance Week reports on Friday (Oct.

Finance 40

Finance GAAP Compliance Accounting Standards 40

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DECEMBER 12, 2019

auditing firms — EY, Deloitte, KPMG and PwC — for guidance from the Financial Accounting Standards Board in October with regard to how supply chain finance should be classified on financials, similarly pointing to an increased use of reverse factoring arrangements. The SEC’s remarks follow requests by the Big Four U.S.

Finance 58

Finance Accounting Standards Corporate Finance Auditing 58

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MARCH 7, 2016

GAAP and international accounting standards, is another boon to efficiency, said Bres. The ability to have such dialogue across transactions but also have a 360-degree view of intercompany flows and payments, with tracking of U.S.

GAAP 40

GAAP Profit and Loss Invoicing Accounting Standards 40

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JUNE 29, 2018

The company said that new accounting standards will mandate that firms must move leases onto their balance sheets — thus, opening up huge potential for LeaseAccelerator. The company said it has tripled revenues in the past year. Peter Sobiloff, who serves as managing director at Insight Venture Partners, will join the board.

Startups 40

Startups Accounting Standards Valuation Treasury 40

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AUGUST 1, 2018

Supply chain financing programs offered by banks and alternative lenders do not necessarily require disclosure of the debts under corporate accounting standards. Defunct U.K. A survey of 337 U.S. The survey traced supplier payment practices back to 2004.

Finance 40

Finance Mergers and Acquisitions (M&A) Invoicing Accounting Standards 40

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MAY 17, 2018

A few key themes emerged from the fallout, however, with analysts citing Carillion as a prime example of how a consolidated auditing market risks lackluster accounting standards, as well as how late payments by large corporates can have detrimental impacts on small suppliers. Both topics, however, have captured headlines for some time.

Auditing 40

Auditing Accounting Standards Accounting Construction 40