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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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Relieving the Pain of Year-End Close and Reporting

Planful

When I was a staff accountant back in the mid-1980s, I remember spending many nights and weekends working to close the year-end books. Half of the time the numbers were unreadable, so we had to confirm them via phone. Then we would key the numbers into a spreadsheet and perform the currency translations there. (I

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Data Update 1 for 2021: A (Data) Look Back at a Most Forgettable Year (2020)!

Musings on Markets

In closing, I also want to dispense with the notion that data is objective and that numbers-focused people have no bias. Finally, it is worth noting that, notwithstanding the travails of last year, the number of firms in the data universe increased from 44,394 firms at the start of 2020 to 46,579 firms, a 4.9%

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172: Oyinda Akanbi

CFO Talks

Today’s podcast is sponsored by Draftworx, which provides automated drafting and working paper financial software to more than 8000 accounting and auditing firms and corporations. CFO Talks is a brand of the South African Institute of Business Accountants. That was attractive to me, so I went down that route.

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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. This tracking covers any periodic interest or principal payments across an unlimited number of concurrent structures. Management and auditors gain on-demand reporting.

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What is the Financial Consolidation Process in the Accounting World?

Planful

Financial Consolidation in the Accounting World. But in the accounting world, “financial consolidation” is a well-defined process that includes several complexities and accounting principles. Here are the key accounting consolidation steps in the finance consolidation process : Collecting trial balance data (e.g.,

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Moving Financial Consolidation and Reporting to the Cloud – Webinar Recap

Planful

You’re expanding internationally, which often brings new complexities, such as currency conversions and intercompany eliminations across multiple divisions and subsidiaries. Consolidating financial results might sound easy on the surface, but it’s more than just adding up numbers. US GAAP, Canadian GAAP, IFRS, etc.).

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