Accounting

Credit: Pixabay/CC0 Public Domain Nearly 40 years ago, the esteemed accounting professor Yuji Ijiri suggested that fairness is one of the most essential concepts in accounting and asked how to ensure a fair information flow system. In a new analysis, researchers examine whether it is feasible to establish a fair accounting framework in a logically and mathematically rigorous manner and then propose a framework for doing so.…

The SEC voted on Wednesday to require public companies to report a portion of their greenhouse gas emissions and their exposure to risks from climate change. The rules will require certain companies to report their Scope 1 and 2 emissions, those that result from direct operations and energy use, but omits Scope 3 emissions, or pollution that they generate indirectly, including throughout their supply chains or when customers use their products or services. While the new rules do not apply to…

Utilizing Big Data, Data Analytics, and AI for advanced accounting Accounting, once a manual and time-consuming process, has been revolutionized by the integration of big data, data analytics, and AI. These technologies have transformed the way accountants work, enabling them to make data-driven decisions, automate repetitive tasks, and enhance their overall efficiency. In this guide, we will explore how these technologies are…

Charles Darwin University Professor of Accounting Indra Abeysekera asked ChatGPT to answer assessment questions from two accounting courses. Credit: Charles Darwin University ChatGPT will not be replacing human teachers anytime soon, with a study into the technology's capabilities finding it can't help students critically understand academic assessment solutions. …

Tesla is now starting to account for “battery age” in its estimated range calculation for its electric vehicles. I have long been advocating for prioritizing accurate range prediction over a longer range in curbing range anxiety. Don’t get me wrong, a longer range can be useful, but if you know what where you are going, the main thing is that you know you can get there and your range doesn’t start dropping faster than anticipated. Range calculations are difficult regardless of the type of…

Indian-Canadian entrepreneur Prem Watsa's Fairfax Financial Holdings has faced a short seller attack from US hedge fund Muddy Waters, which alleged wrongdoing on the part of the Toronto Stock Exchange-listed company and sent its shares tumbling by 12% on Thursday. The stock pared some of the losses on Friday after a research note from the National Bank of Canada downplayed the allegations.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in FinTech,…

Just like clockwork, Pennylane is raising another €40 million ($43 million at today’s exchange rate). This new funding round comes after the accounting startup raised €4 million in 2020, €15 million in 2021, another €15 million in 2021 again, €50 million in 2022 and €30 million in 2023. You might think that it’s quite a lot of money for a company working on… accounting software? That’s because the startup is growing nicely with more than 2,000 accounting firms now using Pennylane as their main software tool. Some…

United Auto Workers members walk the picket line at the Ford Michigan Assembly Plant in Wayne, Mich., Sept. 26, 2023. Ford Motor Co. swung to a net loss in the fourth quarter due to a large accounting charge on pension plans and the effects of a six-week strike at multiple factories by the United Auto Workers union. Credit: AP Photo/Paul Sancya, Ford Ford Motor Co. on Tuesday reported that it swung to a net loss in the…

Samsung Electronics head Jay Lee was declared not guilty of accounting fraud and stock manipulation in a 2015 merger. The ruling could grant Lee more flexibility in steering South Korea's largest conglomerate In a major…

Image Source : REUTERS Samsung Chairman Jay Y. Lee found not guilty A Seoul court cleared Lee Jae-yong, Chairman of Samsung Electronics with the controversial 2015 merger of two Samsung affiliates which was allegedly conducted to help him to take over control of South Korea's biggest conglomerate. The Seoul Central District Court delivered the not-guilty sentence for…