Accounting for loan losses is at the heart of credit union accounting. Setting aside reserves for loan losses is an important accounting component, but an increase in allowances reduces a credit union's capital. Under current accounting standards, a credit union recognizes losses when they reach a
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Is your firm ready for transformation and do you have the mindset to succeed? Will you and your firm remain future-ready? It is easy to say “Yes,” but remember: No accounting firm or small business is exempt from disruption. Technology is disrupting small businesses, from Uber to professional services
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Jaffe's argument (which Liam Denning discussed in a Bloomberg Gadfly column earlier this week) is that after some not-very-successful efforts to assemble a global network of oil-producing friends, China has decided renewable energy is its ticket to economic autonomy and growth. Writes Jaffe:.
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As it has been a seller's market for talent in public accounting — and looks likely to continue to be for the foreseeable future — firms have had to pull out all the stops to attract new professionals. Top pay, plenty of perks, and an attractive firm culture are all seen as essential now, and that can leave
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The rise of artificial intelligence is raising questions at the ethics watchdog for the world's biggest wealth fund. In particular, the threat posed by weapons systems guided by AI brings ethical “challenges,” according to Johan H. Andresen, the chairman of the Norwegian Council on Ethics. “It won't
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