Sunday, December 22

Tag: consulting

In 2024, FASB to Nudge Forward Projects on Software, Compensation and Green Credits
22Dec By adminNo Comments
World

In 2024, FASB to Nudge Forward Projects on Software, Compensation and Green Credits

The Financial Accounting Standards Board has a busy year ahead of it. It will be advancing projects in three tentpole areas—accounting for software costs and environmental credits and greater disclosure of income-statement expenses—aimed at providing investors with new financial insight, Chairman Rich Jones said in an interview. New rules, which can take years to come to fruition, can also saddle companies with a greater compliance burden. But in outlining his 2024 agenda, Jones said the accounting standard-setter for U.S. companies and nonprofits will again be asking investors and other stakeholders which issues to take up next.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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A generous new rule for leftover 529 money: Roll it into a Roth for your child
18Dec By adminNo Comments
Money

A generous new rule for leftover 529 money: Roll it into a Roth for your child

I was on the phone with one of my girlfriends — the best way to find out about financial stuff, honestly — and she told me that there was a new rule that would allow parents to rollover unused funds from a 529 college savings plan into a Roth IRA for their child.I was like: No. Way. It didn’t seem possible. First, as many college-savings sufferers know, there are restrictions on withdrawing the money you deposit into 529 plans. Generally, you have to use 529 savings for qualified education-related expenses, or you get hit with taxes and a penalty. True: there are ways to transfer 529 money to another member of your family without being taxed or penalized. Still, the idea that you might be able to rollover unused 529 funds into a Roth IRA seemed unusually generous and forward thinki...
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Thyssenkrupp Nucera Net Income Rose; Says Start-Up Costs Will Hit FY 2024 Earnings
18Dec By adminNo Comments
World

Thyssenkrupp Nucera Net Income Rose; Says Start-Up Costs Will Hit FY 2024 Earnings

Thyssenkrupp Nucera posted fourth-quarter rise in net income but warned start-up costs in fiscal 2024 would affect earnings.The German electrolyzer business reported 4.3 million euros ($4.7 million) in net income for the fourth quarter on sales that grew 47% to EUR159.4 million.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Buy Now, Pay Later Keeps People Spending—Without Credit Agencies Knowing 
17Dec By adminNo Comments
Money

Buy Now, Pay Later Keeps People Spending—Without Credit Agencies Knowing 

Priscilla Rodriguez, an overnight stocker at a Walmart, has a strategy to protect her credit score as she and her husband look to buy a house.The Sunland Park, N.M., resident uses installment loans from Afterpay to buy groceries, her pricey skin-care products and art supplies for her 10-year-old son, which keeps the balance on her two credit cards low—and the credit agencies in the dark. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Sale of Silicon Valley Bank’s Old Venture Capital Arm Hits a Snag
15Dec By adminNo Comments
Money

Sale of Silicon Valley Bank’s Old Venture Capital Arm Hits a Snag

A process to sell the venture-capital arm of bankrupt SVB Financial, the former parent of Silicon Valley Bank, has fallen flat and creditors are now gearing up for a potential takeover of the business. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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EY Is Laying Off U.S. Partners Amid Tough Economic Conditions
12Dec By adminNo Comments
World

EY Is Laying Off U.S. Partners Amid Tough Economic Conditions

Updated Dec. 12, 2023 2:30 pm ETErnst & Young is laying off dozens of partners across all U.S. businesses, a deeper round of partner cuts than usual as the Big Four accounting firm faces slowing demand for certain services and seeks to cut costs following its failed plan to break up the firm.The cuts are largely concentrated on the advisory side of the U.S. operation, affecting more than 10% of partners in consulting and about 4% in strategy and transactions, but they touch the audit and tax arms as well, people familiar with the matter said. That would equate to more than 100 partners in consulting and over 30 partners in strategy and transactions at both junior and senior levels. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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What’s Behind Warren Buffett’s Fight With a Truck-Stop Mogul
9Dec By adminNo Comments
Money

What’s Behind Warren Buffett’s Fight With a Truck-Stop Mogul

Listen to article(2 minutes)Warren Buffett and truck-stop mogul Jimmy Haslam are fighting over a seemingly obscure accounting method. What’s really at stake: possibly as much as $1.2 billion.Buffett of course is chairman and chief executive of Berkshire Hathaway. Haslam, who owns the Cleveland Browns football team with his wife Dee, built his father’s truck-stop chain, Pilot Travel Centers, into an empire before selling a majority stake to Berkshire.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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McKinsey Shrinks New Partner Class by Roughly 35%
7Dec By adminNo Comments
World

McKinsey Shrinks New Partner Class by Roughly 35%

Updated Dec. 6, 2023 6:51 pm ETIt got a lot harder to make it to the top of McKinsey & Co.The closely held firm named its new class of partners, and the group is roughly a third smaller than last year, according to people familiar with the matter, in the latest sign that economic conditions have dented demand for high-price consultants.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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