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California CPAs Call For Crypto Accounting Clarity

PYMNTS

Certified Professional Accountants (CPAs) in California are calling on an industry watchdog to clarify standards for cryptocurrency accounting, with expectations that corporations will increase their use of cryptocurrencies moving forward. GAAP,” the letter stated.

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US Eases New Banking Rule On Reporting Bad Loans

PYMNTS

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

Future CFO

DOWNLOAD NOW. The post IBM Cognos Controller: Financial close management managed by the office of finance appeared first on FutureCFO.

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The Future of Syndicated Lending Demands Specialized Technology

CS Lucas

This covers volumes, rates, currencies, compliance terms, documentation, counterparties, jurisdictions , timelines, and associated analytics. Settlement Control Collaboration Scheduled payment notifications electronically from the TMS to settle against pre-defined bank accounts. Management and auditors gain on-demand reporting.

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Data Update 1 for 2024: The data speaks, but what does it say?

Musings on Markets

I also have quirks in how I compute widely used statistics like accounting returns on capital or debt ratios, and I will stay with those quirks, no matter what the accounting rule writers say. will reflect the most recent quarterly accounting filing. Costs of equity & capital 4. Excess Returns on investments 4. Be patient.

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

Future CFO

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 discontinuation of Libor also impacts organizations when it comes to accounting as they buy Libor-based contracts to hedge against unexpected moves in interest rates.

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Platform Models Gain Investment Backing in B2B

PYMNTS

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. Lease Accounting, Too. Here in the U.S.,