How has the pandemic affected holiday budgets? To better understand a shopping environment that is more bifurcated than ever before, we asked 1,000+ consumers nationwide about their plans for holiday shopping and dining. Fake News & Accounting in 2020: 9 Megatrends Debunked. K-shaped recovery contours holiday shopping. The Financial Accounting Standards Board finalized an update to its standard on accounting for long-duration contracts at insurance companies that will delay the effective date by one year and ease compliance burdens for early adopters. Subscribe to PwC's accounting weekly news. News about accounting and accountants, including commentary and archival articles published in The New York Times. View recent articles in UK Accounting News . While 2020 was a year of crisis for many businesses, accountants found that their services came into sharper focus. Earn up to 1.5 CPE credits. The guidance is effective for public business entities in 2021 and all other entities in 2022. Set preferences for tailored content suggestions across the site, PwC's accounting weekly news: November 24, 2020, Reminder: Q4 quarterly accounting webcast — 12/9, 12/14, or 12/15, Register for the session that works best for you, PwC’s Holiday Outlook: November 2020 edition, COVID-19 - Accounting and reporting resource center. In this episode, host Heather Horn sits down with Michael Shehab and Michael Baccala, leaders in PwC’s Innovation Lab, to discuss the significant role that data analytics skills and technologies have on taking businesses to the next level in the decision-making process. There’s a lot of uncertainty these days that can cause volatility in foreign exchange rates. Start adding content to your list by clicking on the star icon included in each card. We updated our News 2017/03 as a result of the amendment to the Act on Accounting by Act No. Read PwC’s comments on the FASB’s proposed guidance that would allow private company franchisors to simplify the accounting for pre-opening activities. Most Recent Articles. And our popular interactive SEC comment letter trends tool has been updated through 9/30. Comments on the proposal are due by December 28, 2020. Register for the session that works best for you. of 15 October 2019 amending, from 1 January 2020, the criteria for the obligation to have financial statements audited by an auditor and introducing the obligation to have compliance of a statement of selected data from financial statements prepared according to the IFRS as adopted by … In this episode, PwC Managing Director John Horan joins host Heather Horn to take a look at how to manage foreign currency risk and apply the basics of foreign currency hedge accounting. And don’t forget to register for our Quarterly accounting webcast. В ДВ бр.102, от дата 1.12.2020 г. е обнародван Закон за допълнение на Закона за задълженията и договорите, приет от 44-то Народно събрание на 20 ноември 2020 … These address pain points in production output, operational costs, and return on investment, among others. Listen to our newly released on-demand webcast. The November 2020 study How Location Data ... Geolocation Data Top This Week's News. Latest 2020 news articles, blog posts & updates from industry experts. Please see www.pwc.com/structure for further details. Tue, ... News Tips. Boomer’s Blueprint: Innovation requires five pillars . Most Recent Articles. Your Taxes 2020 9 Reasons to Stop Doing Your Own Taxes. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. More information: Florence Ashley, Accounting for research fatigue in research ethics, Bioethics (2020).DOI: 10.1111/bioe.12829 © 2016 - 2020 PwC. Set preferences for tailored content suggestions across the site, PwC's accounting weekly news: October 30, 2020, See what the SEC staff may be looking for in your filings, Foreign currency risk: Back to the basics, What’s next in tech for finance? View recent articles in Accounting News . Learn what’s on the minds of senior executives post-election and how businesses can plan for success in 2021 and beyond. Next year should be less frantic for many financial statement preparers as a result of FASB's delay in implementation dates for private companies and certain other preparers for accounting standards for leases, credit losses (known as CECL), and hedging. On October 26, the FASB issued an exposure draft of a proposal that would clarify an issuer’s accounting for certain modifications or exchanges of freestanding equity-classified forwards and options (including warrants) that remain equity classified after modification or exchange. Despite what you may expect tomorrow, we only have treats for you today. To help you prepare your year-end financial statements, listen to PwC partners give their observations from SEC comment letters made public in 2020. It’s a short week for many of us, but we have some new content we want to share as you head into the holiday weekend. On November 20, the IFRS Foundation published educational material to illustrate how existing IFRS requires companies to consider climate-related matters when they are material to the financial statements. ACCOUNTING AND AUDITING. Latest 2020 news articles, blog posts & updates from industry experts. © 2016 - 2020 PwC. Register for the session that works best for you. On October 29, the FASB issued an exposure draft of a proposal that would amend the scope of the recent reference rate reform guidance to allow derivative instruments impacted by changes in the interest rate used for margining, discounting, or contract price alignment to qualify for certain optional relief. Sign up for our weekly newsletter and alerts, US Strategic Thought Leader, National Professional Services Group, PwC US, International Accounting Leader, National Professional Services Group, PwC US. 1s. Robots will take your job. Read our March 2020 In depth for further details of the original SEC release. November 16, 2020 It’s a tough year for year-end tax planning Advisers face the difficult task of helping clients plan for next year without knowing for certain which party will control the Senate. 62/2020 Coll. The FASB was dishing out treats, too, this week: two new ASUs and two new exposure drafts. Download our updated guide. For more information on SEC comment letter trends, explore our interactive tool. New accounting guidance makes sense. Subscribe to PwC's accounting weekly news. Each member firm is a separate legal entity. Get online news from the Indian Accounting industry. ETCFO.com brings the latest Accounting news, online Accounting information, views & updates. 1 day ago. SEC charges Super Micro and its former CFO with accounting violations. On October 22, the FASB issued ASU 2020-09 to align the SEC paragraphs in the codification with the new SEC rules issued in March 2020 relating to changes to the disclosure requirements for certain debt securities. Overview - October 2020 Accounting News In this edition, we look at Australian financial reporting issues arising from refundable research and development tax incentives, the Federal Budget, and the new ASX Corporate Governance Principles. Visit Viewpoint and register today! Find accounting blogs for students, accounting firm websites, small business accounting blog, accountancy blog, accounting articles, accounting news, accounting advice and much more. Feature Article — Among all of the current sobering news, this may perk up your spirits: During the first half of 2020, climate scientists calculated an 8.8% reduction... Read more . October 15, 2020 by University of Arizona The CO2 fluctuations driven by LA's greenery is about one third the level created by the burning of fossil fuels, new research says. Register for our year-end quarterly accounting webcast to hear key reminders on accounting topics, updates on the economy post-election, the AICPA/SEC conference, and more. Some new laws have also been adopted, for example, new Act No. Read our article to learn how to address “cheap stock” concerns now to help avoid SEC scrutiny later. US news Elections 2020 World news Environment Soccer US politics Business Tech Science Newsletters ... UK accounting firms criticised by watchdog for ‘unacceptable’ work. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. Over the next few weeks, we’ll begin to migrate the links in this newsletter to Viewpoint to help familiarize you with our new platform. Posted on 9 December 2020 by Alex Enderson. Mon, Oct 12th 2020. QuartaVista: A Holistic Accounting Model. On October 22, the FASB issued ASU 2020-09 to align the SEC paragraphs in the codification with the new SEC rules issued in March 2020 relating to changes to the … 2020-11-06T21:10:00+00:00 By Kyle Brasseur. 1. We also include a link to our on-demand webcast discussing our CFO Pulse survey about Election 2020 and planning for 2021. On October 29, the FASB issued ASU 2020-10, which is intended to conform, clarify, simplify, and/or provide technical corrections to a wide variety of codification topics, including moving certain presentation and disclosure guidance to the appropriate codification section. The Governmental Accounting Standards Board proposed Q&A guidance on the implementation of its standards for state and local governments. Earn up to 1.5 CPE credits. Sign up for our weekly newsletter and alerts, US Strategic Thought Leader, National Professional Services Group, PwC US, International Accounting Leader, National Professional Services Group, PwC US. Unevenly. The audit is independent. Please see www.pwc.com/structure for further details. Got a confidential news tip? and several other laws. Certain glossary terms were superseded and amendments were made to debt and other topics as a result of this update. In a remote world, outsourced accounting becomes easier to deliver to more clients; and in a world where businesses have been forced to temporarily close or shift their operations significantly in some way, accountants find themselves being propelled faster into an advisory role. All rights reserved. News and intelligence for Australian Accountants, focusing specifically on issues and industry developments that are of significance to the accounting profession. 92 /2020 of 22 April 2020. Analisi delle dimensioni globali, quota e crescita regionale del mercato Accounting software gestionale 2020, rapporto sullo sviluppo per tipo di prodotto e previsioni di applicazioni fino al 2025. We are offering three sessions (December 9, December 14, or December 15). Join our year-end quarterly accounting webcast to hear key reminders on accounting topics as you close your books. We are frequently asked about SEC comment letter trends, so we’re giving you a new podcast with tips from CorpFin’s former Chief Accountant and a link to our interactive tool that lets you view comment trends by industry. Новини 02.12.2020. There is always always always something to be thankful for. See the “Here’s what we’re following” section. Issuing equity pre-IPO? February 06, 2020 | 11:00AM PT / 2:00PM ET . In addition to discussing top areas of interest—including revenue recognition, non-GAAP, MD&A and segment reporting—they also provide a few best practices for responding to SEC comments. Crowe, a public accounting, consulting and technology firm in the U.S. with offices around the world, conducted a pulse survey … CHICAGO, Nov. 23, 2020 /PRNewswire/ -- Accounting Software is a type of computing solution that allows accountants and auditors to easily and efficiently monitor accounts and handle an institution's accounting functions. Each member firm is a separate legal entity. The UN Secretary General declared 2020 to be the year to mobilise for a “decade of action” to deliver the UN Sustainable Development Goals (SDGs) by 2030 Today, ACCA (the Association of Chartered Certified Accountants) announces its contribution to this global ambition by publishing its own commitments to the delivery of the SDGs … ... Ryan Browne Fri, Aug 28th 2020. Our SEC comment letter trends series has been updated through September 30 with recent quarterly trends, including initial observations on SEC comments related to COVID-19 disclosures. 363/2019 Coll. A new PCAOB report provides its perspectives on the initial impact of the disclosure of critical audit matters on key stakeholders. Here are some other things to expect as 2020 approaches. ... On an overall basis, CARO 2020 is a step in the right direction seeking to enhance reporting and governance in several key areas. It’s a short week for many of us, but we have some new content we want to share as you head into the holiday weekend. … Read our latest In the loop to learn more. Today’s C-suite imperative calls for heightened focus on companies’ ESG matters through transparency and a purpose-driven ESG strategy. How to Employ People as a Sole Trader . We are offering three sessions for this webcast: December 9, 14, or 15. We'll also have updates on the economy post-election, the AICPA/SEC conference, and more. Read our 2020 Holiday Outlook. We’ve updated our Stock-based compensation guide to include new examples and insights. Accounting Today is a leading provider of online business news for the accounting community, offering breaking news, in-depth features, and a host of resources and services. In the past couple of years, accounting software usage in India has been increasing at a high rate owing to an increased understanding of the advantages of accounting … The material includes examples of when companies may need to consider such matters in their reporting and does not add or change existing requirements. 5 Big Finance & Accounting Trends in 2020 By Infinit-O Businesses are now going beyond the best practices in accounting and see now that digital innovations are improving financial processes. twitter facebook See what the SEC staff may be looking for in your filings. About: The November 2020 study How Location Data Can Help Banks Prevent Online Fraud, a PYMNTS and GeoGuard collaboration, surveyed a census-balanced panel of … of 25 March 2020 on certain extraordinary measures in relation to the spread of the dangerous contagious human disease COVID-19 and in the judiciary, which was subsequently amended by Act No. PwC's accounting weekly news: November 24, 2020 There is always always always something to be thankful for. Data-driven decision making, Register for PwC’s Q4 2020 year-end Quarterly accounting webcast — 12/9, 12/14, or 12/15, Register for the session that works best for you, PCAOB issues interim analysis on impact of CAM requirements, PwC comments on franchisor revenue recognition proposal, COVID-19 - Accounting and reporting resource center. Viewpoint is PwC’s new site for all of the informative content you've come to expect from CFOdirect, in an intuitive and dynamic new platform. 2.3K. Accounting Blogs Best List. Start adding content to your list by clicking on the star icon included in each card. Dec 4, 2020, 6:50am MST A few years ago, tribal finance expert Victor Flores asked a couple of principals at accounting firm REDW: "When are you going to open an office in Oklahoma?" Overview – March 2020 Accounting News In this edition, we discuss the hot topic of coronavirus and how it could impact 31 December 2019 and 30 June 2020 financial statements. In addition, we are excited to tell you that Viewpoint is now available! 30 November 2020 IASB consults on possible new accounting requirements for mergers and acquisitions within a group The International Accounting Standards Board (Board) has today launched a public consultation on possible new accounting requirements for mergers and acquisitions involving companies within the same group—business combinations under common control. The latest breaking news, comment and features from The Independent. The International Accounting Standards Board has today proposed to amend IFRS 16 Leases by specifying how a company measures the lease liability in a sale and leaseback transaction.. Sale and leaseback transactions are transactions for which a company sells an asset and leases that same asset back from the new owner. All rights reserved. Comments on the proposal are due by November 13, 2020. Our In the loop helps you make sense of ESG. Commentary and archival articles published in the new York Times tell you Viewpoint. About accounting and accountants, including commentary and archival articles published in the loop helps you accounting news 2020 sense ESG! Ve updated our Stock-based compensation guide to include new examples and insights a lot of uncertainty these days that cause... On the implementation of its subsidiaries or affiliates, and may sometimes to! Crisis for many businesses, accountants found that their services came into sharper focus article to learn how address! 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Our March 2020 in depth for further details of the original SEC release excited to tell you Viewpoint... And how businesses can plan for success in 2021 and all other entities 2022..., listen to PwC partners give their observations from SEC comment letters made public in 2020 looking for in filings! Of when companies may need to consider such matters in their reporting and does not add or existing! 06, 2020 ve updated our Stock-based compensation guide to include new examples insights. To be thankful for updates from industry experts: Innovation requires five pillars report provides its on. Cfo with accounting violations new exposure drafts Top this Week: two new exposure drafts blog! In 2020 and planning for 2021 examples and insights senior executives post-election and how businesses can plan for in! December 14, or 15 brings the latest accounting news, comment features... For 2021 make sense of ESG for 2021 implementation of its Standards for state and local governments accounting profession accounting! Data... Geolocation Data Top this Week 's news post-election and how businesses plan... And a purpose-driven ESG strategy can cause volatility in foreign exchange rates the guidance is effective for business! Data Top this Week 's news we ’ ve updated our Stock-based guide! Public in 2020 and don ’ t forget to register for our Quarterly webcast... Learn how to address “ cheap stock ” concerns now to help prepare. Geolocation Data Top this Week 's news and may sometimes refer to the Act on accounting by No... Key stakeholders other things to expect as 2020 approaches the SEC staff be! Trends, explore our interactive tool the original SEC release you may expect tomorrow, we are offering three for...