Accounting

What to expect in an accounting MBA programIn general, MBA course loads can be rigorous. An accounting concentration requires the ability to conduct detailed data analyses.If full-time, on-campus study seems overwhelming, consider taking classes part-time or through a remote learning program that allows you to work at your own pace.Handling project deadlines and reading loads can be challenging for some. Finding time to study and complete internships may be hard for others. Online study, in particular, pushes…

CHICAGO—Whole Foods Market aims to re-emphasize its messages on sustainability and food quality as the grocer emerges from the pandemic, the company’s incoming chief executive said at The Wall Street Journal’s Global Food Forum on Tuesday.Jason Buechel, who is set to take over later this year as Whole Foods’ next chief executive, said there were many distractions during the pandemic, adding that as the new CEO he wants to build on the grocer’s quality standards and efforts to bring products to market. CHICAGO—Whole…

Concerns about rising inflation and slowing growth are putting the spotlight on an accounting method U.S. companies use to lower their federal tax bill by inflating their costs, which also squeezes their quarterly earnings.Companies including grocery chain Kroger Co. in recent weeks have said their use of last-in, first-out accounting, or LIFO, has increased costs and dented earnings. With LIFO—which is permitted under the U.S. Generally Accepted Accounting Principles, but not under…

Julie Muhn / Finovate: Detroit-based Autobooks, a payment and accounting service for small businesses, raised a $50M Series C led by Macquarie, bringing its total funding to ~$98M — - Autobooks has received $50 million in a Series C funding round led by Macquarie Capital. — The investment more than doubles … Julie Muhn / Finovate: Detroit-based Autobooks, a payment and accounting service for small businesses, raised a $50M Series C led by Macquarie, bringing its total funding…

Ernst & Young’s leaders, trying to persuade partners to split up the firm, said windfalls would be spread evenly, but a bear market threatens to cut the value of a potential initial public offering of its consulting business, according to an internal webcast and people familiar with the matter.Speaking to EY’s roughly 13,000 partners Monday, Global Chairman and Chief Executive Carmine Di Sibio said that the firm would give all partners in a country the same multiple of pay, according…

A bankruptcy judge approved a chapter 11 exit plan for Latam Airlines Group SA that puts $5.44 billion of fresh capital into the Chilean business, moving it closer to ending its pandemic-driven restructuring after two years. Judge James Garrity of the U.S. Bankruptcy Court for the Southern District of New York said the chapter 11 plan resulted from “good faith, arm’s-length negotiations” among Latam and its stakeholders and provides the best available path to resolve its bankruptcy case.…

Being a small business owner can be rewarding in many ways, but tasks like maintaining budgets, ensuring invoices are tracked and paid, and managing accounts payable can be difficult. Without the proper software to get the job done, it’s entirely possible companies can fall into disarray. To address that problem, many small business owners turn to dedicated accounting software, programs that usually run in the cloud and have the ability to handle all of the accounting needs of the operation. In fact, this software…

Tom Matsuda / The Block: Atlanta-based Ledgible, which develops crypto tax and accounting software to determine tax liabilities for consumers and enterprises, has raised a $20M Series A — Crypto tax and accounting startup Ledgible has closed a $20 million Series A led by asset management firm EJF Capital. Tom Matsuda / The Block: Atlanta-based Ledgible, which develops crypto tax and accounting software to determine tax liabilities for consumers and enterprises, has raised a $20M Series A …

LOS ANGELES—Ahead of the year’s biggest gambling event, FanDuel Group Chief Executive Amy Howe was spreading her message of confidence in the U.S. sports-betting industry in interviews with journalists.Behind her, sports broadcaster Pat McAfee —whom the company is paying $120 million over four years to be its media star—appeared to be taking tequila shots with former Dallas Cowboys running back Emmitt Smith on the…

Deloitte is exploring a plan to split its global audit and consulting practices, following an effort by fellow Big Four accounting firm Ernst & Young to potentially spin off its consulting arm, according to people familiar with the matter.The moves would mark the biggest shake-up in the accounting industry in decades, handing windfalls to tens of thousands of the firms’ partners and creating two new consulting giants and two stripped-down auditing firms. Deloitte reached out to investment bankers at…