U.S. Accounting Standard-Setter Looks to Tackle Controversial Topics in 2021

The U.S. accounting standard-setter plans to tackle issues around accounting for goodwill and disclosure of expenses in 2021, after a year marked by a leadership transition and the economic havoc caused by the coronavirus pandemic.

“Our agenda is filled with important items, but those are two that have drawn a lot of interest from people,” said Richard Jones, who took over as chairman of the Financial Accounting Standards Board in July. The FASB makes accounting rules for companies and nonprofit organizations in the U.S.

In recent months, the FASB has advised on how to account for the impact of the pandemic, delayed implementation of certain rules by a year and temporarily slowed its pace of standard-setting. It is now turning to other, longstanding issues that have divided companies and investors for years.

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Accounting Officer (Controller) job with USAJobs

Duties

Summary

This position is located in the Finance Office composed of four divisions: Financial Management, Procurement, Budget and Business Management. The Finance Office administers financial programs for budgeting, accounting, external auditing, payroll, travel, securities and investment, and financial management reporting for appropriated (federal) and non-appropriated (donated/private) funds.

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Responsibilities

The incumbent reports to the Chief Financial Officer (CFO) and serves in that position in the CFO’s absence.

The Accounting Officer (Controller) has direct responsibility for:

  • Directs the general accounting and financial reporting activities of the Museum.
  • Ensures proper accounting treatment in the recording of transactions and integrity of transactions posted to the general ledger through procedures that provide for appropriate reviews and approvals.
  • Prepares and submit all required financial and management reporting on federal funds including the review and approval of monthly, quarterly and annual general ledger closings.
  • Ensures Museum-wide compliance with applicable
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Better Accounting Can Get Us Through the Pandemic

(Bloomberg Opinion) — The Covid-19 pandemic has revealed just how much governments matter — and that competent management can be the difference between life and death. Good leadership requires good information to support smart, timely decisions. Further, democracy itself relies on information that is understood and trusted by its citizens. High-quality accounting is a vital source of that information.

In the fight against the coronavirus pandemic, while most governments debate how much debt is sustainable and what fiscal measures should be used to measure it, countries like New Zealand are deploying the fiscal measures that make sense on the basis of a proven technology: accrual-based accounting. This method underpins financial decision-making and reporting in the private sector — and has contributed to the wealth many enjoy today.

Unfortunately, most government accounting relies on ancient methods. Charlemagne would recognize the system of cash-based accounting that almost all governments still use today.

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Accounting Officer job with USAJobs

Duties

Summary

About the Position: This is a permanent supervisory position with Humphreys Engineer Center Support Activity(HECSA), Resource Management Office, Finance and Accounting Branch, located at 7701 Telegraph Road, Alexandria, Virginia. For more information on HECSA, visit: http://www.usace.army.mil/HECSA.aspx .

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Responsibilities

  • Serves as Accounting Officer and as Chief, Finance and Accounting Branch of the Humphreys Engineer Center Support Activity (HECSA) Resource Management.
  • Manages and directs the activities of the branch through subordinate senior staff accountants, financial analysts and accounting technicians administered by Headquarters US Army Corps of Engineers (HQUSACE) and HCESA Chief.
  • Plans, organizes, directs, and coordinates the activities of diverse sources of funds encompassing every aspect of the Corps of Engineers Financial Management System (CEFMS) accounting to include military, civil, and revolving fund accounting.
  • Coordinates with the USACE Finance Center (UFC) in the preparation of financial reports and accounting statements, reviewing, and approving them. Initiates
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