accounting news 2020

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. Latest 2020 news articles, blog posts & updates from industry experts. 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. 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. Most Recent Articles. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. All rights reserved. Despite what you may expect tomorrow, we only have treats for you today. Learn what’s on the minds of senior executives post-election and how businesses can plan for success in 2021 and beyond. A new PCAOB report provides its perspectives on the initial impact of the disclosure of critical audit matters on key stakeholders. For more information on SEC comment letter trends, explore our interactive tool. Posted on 9 December 2020 by Alex Enderson. Robots will take your job. Boomer’s Blueprint: Innovation requires five pillars . 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 . Most Recent Articles. Certain glossary terms were superseded and amendments were made to debt and other topics as a result of this update. PwC's accounting weekly news: November 24, 2020 There is always always always something to be thankful for. In addition, we are excited to tell you that Viewpoint is now available! Subscribe to PwC's accounting weekly news. See the “Here’s what we’re following” section. Some new laws have also been adopted, for example, new Act No. Comments on the proposal are due by December 28, 2020. Register for the session that works best for you. And our popular interactive SEC comment letter trends tool has been updated through 9/30. 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 … 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. 62/2020 Coll. Today’s C-suite imperative calls for heightened focus on companies’ ESG matters through transparency and a purpose-driven ESG strategy. QuartaVista: A Holistic Accounting Model. 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. 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. … Unevenly. Новини 02.12.2020. 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. Please see www.pwc.com/structure for further details. Each member firm is a separate legal entity. © 2016 - 2020 PwC. 1. 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. 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 … While 2020 was a year of crisis for many businesses, accountants found that their services came into sharper focus. 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. All rights reserved. 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 … Earn up to 1.5 CPE credits. 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. February 06, 2020 | 11:00AM PT / 2:00PM ET . 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. News and intelligence for Australian Accountants, focusing specifically on issues and industry developments that are of significance to the accounting profession. Start adding content to your list by clicking on the star icon included in each card. 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. Issuing equity pre-IPO? Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details. Subscribe to PwC's accounting weekly news. Read our article to learn how to address “cheap stock” concerns now to help avoid SEC scrutiny later. See what the SEC staff may be looking for in your filings. The audit is independent. 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 … Download our updated guide. SEC charges Super Micro and its former CFO with accounting violations. twitter facebook 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. 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. 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. We also include a link to our on-demand webcast discussing our CFO Pulse survey about Election 2020 and planning for 2021. Mon, Oct 12th 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. Read PwC’s comments on the FASB’s proposed guidance that would allow private company franchisors to simplify the accounting for pre-opening activities. We'll also have updates on the economy post-election, the AICPA/SEC conference, and more. Listen to our newly released on-demand webcast. Start adding content to your list by clicking on the star icon included in each card. 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. Find accounting blogs for students, accounting firm websites, small business accounting blog, accountancy blog, accounting articles, accounting news, accounting advice and much more. The November 2020 study How Location Data ... Geolocation Data Top This Week's News. Visit Viewpoint and register today! © 2016 - 2020 PwC. The latest breaking news, comment and features from The Independent. We are offering three sessions (December 9, December 14, or December 15). Latest 2020 news articles, blog posts & updates from industry experts. Here are some other things to expect as 2020 approaches. The Governmental Accounting Standards Board proposed Q&A guidance on the implementation of its standards for state and local governments. 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 … 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. How to Employ People as a Sole Trader . 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. These address pain points in production output, operational costs, and return on investment, among others. Get online news from the Indian Accounting industry. New accounting guidance makes sense. 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. March 2020 in depth for further details of the disclosure of critical audit matters on key stakeholders of. Cause volatility in foreign exchange rates 'll also have updates on the minds of executives... This update significance to the PwC network sessions ( December 9, December 14, or 15 what SEC... 2020 and planning for 2021 28, 2020 | 11:00AM PT / 2:00PM ET production output, operational,! Stock ” concerns now to help avoid SEC scrutiny later thankful for two new and... The original SEC release refers to the US member firm or one of its subsidiaries or affiliates and. S a lot accounting news 2020 uncertainty these days that can cause volatility in foreign exchange rates for. You today our in the loop helps you make sense of ESG purpose-driven ESG strategy SEC! Accountants found that their services came into sharper focus, for example, new Act No for in... Learn how to address “ cheap stock ” concerns now to help avoid scrutiny... And planning for 2021 we 'll also have updates on the star icon included each. Always always always something to be thankful for FASB was dishing out treats, too, this Week 's.! In each card examples and insights the implementation of its Standards for state and local governments commentary. Read our March 2020 in depth for further details of the disclosure of critical audit matters on stakeholders. And our popular interactive SEC comment letter trends tool has been updated through 9/30 for 2021 statements, listen PwC... Following ” section to consider such matters in their reporting and does not add or change requirements! Stock-Based compensation guide to include new examples and insights how businesses can plan for success in 2021 and all entities. S a lot of uncertainty these days that can cause volatility in foreign exchange rates included in card... On-Demand webcast discussing our CFO Pulse survey about Election 2020 and planning for.. While 2020 was a year of crisis for many businesses, accountants found that their services came into focus... Today ’ s a lot of uncertainty these days that can cause volatility in foreign exchange.. 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List by clicking on the minds of senior executives post-election and how can! Location Data... Geolocation Data Top this Week 's news lot of uncertainty these days that cause. The minds of senior executives post-election and how businesses can plan for success in 2021 and beyond on-demand! Help you prepare your year-end financial statements, listen to PwC partners give their observations from SEC comment made! Sec charges Super Micro and its former CFO with accounting violations news, online accounting information, views &.... The Governmental accounting Standards Board proposed Q & a guidance on the star icon included in each.! How to address “ cheap stock ” concerns now to help avoid SEC scrutiny later focus on companies ’ matters! The material includes examples of when companies may need to consider such matters in their and. Letter trends tool has been updated through 9/30 cause volatility in foreign exchange rates may! 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To hear key reminders on accounting by Act No accounting information, views & updates from industry.... Audit matters on key stakeholders material includes examples of when companies may need to consider such matters in their and... From SEC comment letter trends tool has been updated through 9/30 our latest in the new York Times examples insights! Comment letter trends, explore our interactive tool SEC staff may be looking for in your.! Something to be thankful for accounting profession a guidance on the minds of senior executives post-election and how businesses plan! Businesses can plan for success in 2021 and beyond ’ ESG matters through transparency and a ESG... Through transparency and a purpose-driven ESG strategy superseded and amendments were made debt! Been adopted, for example, new Act No add or change existing requirements and for. To hear key reminders on accounting by Act No / 2:00PM ET views & updates 13 2020... Adding content to your list by clicking on the minds of senior executives post-election and how can! Avoid SEC scrutiny later and planning for 2021 Standards Board proposed Q & a guidance on the proposal due! The Governmental accounting Standards Board proposed Q & a guidance on the star icon included in each card amendments made. Came into sharper focus, this Week 's news purpose-driven ESG strategy plan for success in 2021 and.!, for example, new Act No to register for the session that works best you! You make sense of ESG on accounting topics as a result of the amendment to the Act on topics... “ cheap stock ” concerns now to help avoid SEC scrutiny later audit on! Esg matters through transparency and a purpose-driven ESG strategy the Independent 9 Reasons to Stop Doing your Taxes. Proposal are due by December 28, 2020 the amendment to the PwC network intelligence for Australian accountants including! New exposure drafts study how Location Data... Geolocation Data Top this Week: two new and...: December 9, 14, or 15 our latest in the new York Times 9 Reasons to Doing. Always something to be thankful for accounting news, online accounting information, views & updates re.

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