National Accounting Board recognizes UAB accounting student Hannah Marcelino’s academic excellence – News

A UAB student was recognized as the Public Company Accounting Oversight Board Scholar for the 2020-2021 academic year. Written by: Tehreem Khan Media contact: Yvonne Taunton Hannah MarcelinoHannah Marcelino, a University of Alabama at Birmingham Collat School of Business student, was named a Public Company Accounting Oversight Board Scholar and […]

GE’s Accounting Issues Just Won’t Go Away

Receiving a “Wells notice” from the Securities and Exchange Commission is never deemed to be comforting news for shareholders. In the case of General Electric Company (NYSE: GE), there seem to be many ongoing questions from operations and accounting that just refuse to go away. These issues are not new, […]

Takeaways from FASB leases roundtable | Article

Participants in the roundtable included financial statement preparers and users, auditors, and representatives from industry. A full discussion of the roundtable topics, along with the list of participants, is available on FASB’s Website. In June, FASB deferred the effective date of Topic 842 (Leases) for one year for entities other […]

Hedge Accounting Definition

What Is Hedge Accounting? Hedge accounting is a method of accounting where entries to adjust the fair value of a security and its opposing hedge are treated as one. Hedge accounting attempts to reduce the volatility created by the repeated adjustment to a financial instrument’s value, known as fair value […]

New Climate Accounting Capability Platform Launched to Help Companies Measure Greenhouse Gas Emissions

(Credit: Pixabay) KPMG announced a patent-pending blockchain-based capability, which is intended to help organizations more accurately measure, mitigate, report, and offset their greenhouse gas emissions. Termed “Climate Accounting Infrastructure (CAI),” the platform will help organizations secure transparent and reliable reporting of emissions data. In 2020, organizations globally are expected to report […]

KPMG To Offer New Climate Accounting Capability To Help Clients Measure Greenhouse Gas Emissions

NEW YORK, Oct. 6, 2020 /PRNewswire/ — KPMG LLP (KPMG) announced a new patent-pending blockchain-based capability, Climate Accounting Infrastructure (CAI), which is intended to help organizations more accurately measure, mitigate, report and offset their greenhouse gas emissions. In 2020, organizations globally are expected to report sustainability practices and results to meet […]