Let’s see what’s in the news today.
Young Ghanaian excels in global finance and accounting exam
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Lilian Maimouna Nelson has become the latest Ghanaian candidate to achieve one of the highest marks in the world in her cohort of the CGMA Strategic Level Case Study Exam .
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Aerospace Gets Extra Accounting Guidance on Cost-Sharing Setups
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Aerospace, defense, and oil and gas companies that embark on complex projects with other partners are getting extra guidance from US accounting standard-setters on how to report reimbursements before sweeping new expense disclosure requirements go live.
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US House passes measure overturning controversial SEC accounting bulletin
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The House voted to pass a measure aimed at overturning an SEC bulletin that establishes certain accounting standards for firms holding crypto.
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House Advances Measure to Revoke SEC Crypto Accounting Bulletin
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Republicans in the House moved to rescind two-year-old SEC guidance detailing how companies that safeguard their customers’ cryptocurrency holdings should book those assets.
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Bill To Undo SEC Crypto Accounting Bulletin Passes House
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Lawmakers in the U.S. House of Representatives on Wednesday voted to overturn the U.S. Securities and Exchange Commission’s controversial cryptocurrency accounting guidance despite protests from Democrats to take a more targeted approach to amend the directive and a White House pledge to veto the bill.
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