Top Five Concepts That Each Accounting Student Should Be Aware Of!

Known as the language of business, Accounts refers to the measurement and processing of financial information about the economic titles in a business or an organisation, along with communication with the help of a financial statement. There are five main concepts that can be used to communicate in the language of accounts. But, to understand […]

A ‘Big Four’ accounting firm is accepting bitcoin payments

Bogdan Cristel/Reuters PwC, the accounting firm and consultancy, announced Thursday it is accepting bitcoin payments from its clients. Accounting firms have shown more interest in digital coins than Wall Street banks.  PwC, the consultancy and “Big Four” accounting firm, announced Thursday that it accepted its first payment in bitcoin. The announcement, which was reported first […]

ScaleFactor Secures $2.5M in Seed Funding to Modernize Accounting for Small Businesses

PRESS RELEASE: Startup Taps Machine Learning to Empower More Intelligent Budgeting & Forecasting AUSTIN, Texas–(BUSINESS WIRE)–November 9, 2017– ScaleFactor, the smart finance and accounting platform that enables businesses to operate in real-time, today announced a $ 2.5M seed round with Next Coast Ventures, Techstars Ventures, Firebrand Ventures, Matchstick Ventures, Edison Factory and Flyover Capital. ScaleFactor […]

Insurers get a new global accounting regime

LISTED firms in over 120 countries, including all large economies bar America, issue financial statements according to international financial reporting standards (IFRS) set by the International Accounting Standards Board (IASB). One industry, however, has been in practice free to keep using divergent national standards: insurance. That, too, is about to change. IFRS 17, issued on […]

Tesco to pay £214mn fine in UK accounting scandal

Published time: 28 Mar, 2017 09:32 British multinational grocery retailer Tesco has agreed to pay £214 million ($ 269 million) in fines and investor compensation over its 2014 accounting scandal. Read more The bill includes a £129 million fine, while the rest will go to compensate investors who bought shares or bonds between August 29 […]