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Your Daily Accounting Briefing – 2024-07-30

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Let’s see what’s in the news today.

STONE Accounting Group Announces Strategic Rebranding and Business Expansion

MELBOURNE, Australia, July 26, 2024 /PRNewswire/ — STONE Accounting Group Announces Strategic Rebranding and Business Expansion

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Pentagon finds additional US$2 billion for weapons for Ukraine due to error in calculations

The Pentagon has found errors in its accounting calculations, which have allowed it to find an additional US$2 billion for weapons for Ukraine. The Pentagon has faced difficulties in accurately estimating the cost of military equipment sent to Ukraine due to unclear accounting definitions.

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GAO finds another $2B in military aid for Ukraine

Miscalculations in the value of weaponry the United States has sent to Ukraine has again been uncovered, increasing the Pentagon’s purse to supply its besieged ally by another $2 billion.

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Pentagon allocates another USD 2 B to help Ukraine

The Pentagon has found additional errors in its calculations of ammunition, missiles and other equipment sent to Ukraine, which makes it possible to send Ukraine additional weapons worth USD 2 billion. — Ukrinform.

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ELFA Releases Agenda for Hybrid 2024 Lease and Finance Accountants Conference

The latest accounting and financial reporting issues affecting the equipment finance sector will be the focus of the Equipment Leasing and Finance Association’s (ELFA’s) hybrid 2024 Lease and Finance Accountants conference.

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