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Financial Accounting Hierarchy - By JP Puchulu

Boston Startup CFO

Financial accounting: A topic that can easily disorient even the most driven entrepreneurs. Fortunately, we present you with a compass – a diagram that demystifies the functions of financial accounting. In this tier, a double-entry accounting system is employed to ensure the accurate recording of all transactions.

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Are Your Compliance Processes Keeping Up with Evolving Audit Requirements?

Bramasol

Overview of the PCAOB and AICPA The Public Company Accounting Oversight Board (PCAOB) is a regulatory body established by the Sarbanes-Oxley Act of 2002 in response to corporate accounting scandals like Enron and WorldCom.

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Stanley Black & Decker Names Fortune Brands Executive as CFO

CFO News Room

Mr. Hallinan will join Stanley Black & Decker after a 17-year career at home- and security-products maker Fortune Brands. The New Britain, Conn.-based based company on Monday said Patrick Hallinan will become CFO, effective April 6. Fortune Brands, meanwhile, named David Barry as its finance chief, effective March 2.

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PayPal And The Rewards Of Non-GAAP Accounting

PYMNTS

When it comes to earnings, a bit of accounting can make all the difference. The key element deserving of scrutiny here, the Times pointed out, comes with the way PayPal — and, to be fair, other tech companies — account for employee stock-based compensation. The implication here is that doing so would lower corporate profits.

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Highest Paid CFOs in the World in 2024

The Finance Weekly

His main job is to handle all money matters at SoFi, like planning, accounting, and dealing with investors. His main gigs included handling all the financial operations like accounting and financial planning, crafting financial strategies to boost the business, and managing relationships with investors and banks.

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Under Armour Defends Reputation Amid Investigations

PYMNTS

Under Armour has been under investigation by the Department of Justice and the Securities and Exchange Commission, and the company said it has been cooperating with the probe since July 2017. We’ve certainly never claimed to be perfect, but our team has earned and deserves more respect than this reporting currently affords us.”.

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SEC Flags Benchmark That Obscured WeWork’s Bottom Line

PYMNTS

The use of the metric raised red flags from analysts, though, and got the attention of the Securities and Exchange Commission (SEC). The company used generally accepted accounting principles (GAAP) to essentially turn a $1.9 The SEC is now reviewing WeWork’s reporting of financials and disclosures.