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US Eases New Banking Rule On Reporting Bad Loans

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1 accounting standard known as “current expected credit loss” (CECL) in an effort to bolster loans in the wake of the coronavirus, the Wall Street Journal reported on Friday (March 27). Bank regulators have rolled back the Jan. National bank regulators — The Federal Reserve, Federal Deposit Insurance Corp.

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California CPAs Call For Crypto Accounting Clarity

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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.

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IBM Cognos Controller: Financial close management managed by the office of finance

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Libor: This APAC country sets up a steering committee to deal with transition

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Libor is the rate at which banks can borrow from each other, for up to a year, in dollars and other currencies including sterling, Swiss francs, yen and euro. The accounting standard body said that it will assess if further changes to its standards are necessary once it has clarity about what the new rates are.

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Platform Models Gain Investment Backing in B2B

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Platform models serving various business verticals have been gaining currency — literally, To that end, Boulevard , which focuses on providing a platform as a service to spas and salons, said it had raised $1 million in a Series A funding round. Here in the U.S.,

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Bitcoin Tracker: A Bitcoin In Spring

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As with other bitcoin payment processors, the POS system developed by bitFlyer will allow the store to accept the digital currency and immediately convert funds to yen. Additionally, the government of Australia set out to create accounting standards f or bitcoin in November of last year.

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Data Dive: New Things Edition – Wells Fargo, Amazon And Bitcoin

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Wells Fargo found yet more fraud problems in its organization; Amazon announced some hi-tech staffing expansions and bitcoin finally found a government with the will to recognize it as a currency. Additionally, the government of Australia set out to create accounting standards for bitcoin in November of last year, said CoinDesk.