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Your Daily Accounting Briefing – 2024-07-01

1 min read
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Let’s see what’s in the news today.

Bright acquires accountancy software firm

Ireland-headquartered tax, accounting, finance and payroll software firm Bright has acquired Milton Keynes-based MyWorkpapers in a deal that significantly expands its pro

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Why Are Companies That Lose Money Still So Successful?

In a well-functioning capital market, profits should be the sole criterion for firm survival; that is, firms reporting losses should disappear. Of late, however, loss-making firms are highly sought after by investors — often more than some profitable firms. Unicorns, or startups with valuations exceeding a billion dollars, are examples of such loss-making firms. What has changed over time? When and why did losses lose their meaning? The authors’ series of new research papers provide some answers, guiding managers to make the right investments: those that produce delayed but real profits — not just those that produce short-term accounting profits but decimate shareholder wealth in long run.

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Valor Welcomes Ryan Linton to Accounting Team

Experienced Accounting Leader Joins Valor to Enhance Oil and Gas Accounting Department

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Valor Welcomes Ryan Linton to Accounting Team

/PRNewswire/ — Valor, a Fort Worth-based specialty asset management company with expertise in providing mineral management solutions and oil and gas…

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Global Finance and Accounting Business Process Outsourcing Market Predicted to Exceed USD 139.04 Billion by 2032 due to Increasing Need for Data-driven Decision Making

The global finance and accounting business process outsourcing BPO service market size which was USD 60 31 Billion in 2023 is projected to reach an impressive USD 139 04 Billion by 2032 This substantial growth expanding at a CAGR of …

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