Financial accounting

R.D. Hoag & Associates, LLC, Joins Accounting Association CPAmerica

Friday, September 18, 2020 - 7:00am

Hoag & Associates, LLC , headquartered in Carnegie, Pa., has joined CPAmerica, Inc., an accounting association of independent, certified public accounting firms that provides shared best practices, networking opportunities and access to expert resources for member firms.

Key Points: 
  • Hoag & Associates, LLC , headquartered in Carnegie, Pa., has joined CPAmerica, Inc., an accounting association of independent, certified public accounting firms that provides shared best practices, networking opportunities and access to expert resources for member firms.
  • Hoag & Associates, LLC, is a full-service public accounting firm that offers a broad range of tax, accounting, and auditing services for businesses, individuals, not-for-profit organizations, employee benefit plans, and local governments.
  • "Our firm is excited about the collaborative opportunities available with CPAmerica," said M. Kent Moorhead II CPA, partner at R.D.
  • As an exclusive association of independent CPA firms, CPAmerica provides opportunities for its members to continuously improve.

CalCPA Forms Strategic Relationship With MindBridge To Help Meet Member AI And Data Analytic Needs In Rapidly Evolving Marketplace

Wednesday, September 16, 2020 - 6:30pm

With MindBridge's Ai Auditor, organizations across multiple industries are augmenting human capacity to restore confidence in their financial data.

Key Points: 
  • With MindBridge's Ai Auditor, organizations across multiple industries are augmenting human capacity to restore confidence in their financial data.
  • "MindBridge empowers our members to focus more on analysis and guiding clients amidst an increasingly specialized and complex marketplace."
  • "MindBridge's collaboration with CalCPA will advance their members AI journey in analyzing financial data, which will ultimately benefit their members' clients," said MindBridge CEO Eli Fathi.
  • We look forward to advancing our relationship with CalCPA and serving the needs to the accounting, audit and finance community in California."

The Contemporary Controller Study and Webcast, Produced by Controllers Council

Tuesday, September 15, 2020 - 7:00pm

The Contemporary Controller study will identify how rapidly changing pandemic and economic environments have dramatically changed accounting and finance duties and responsibilities, included new roles in technology, human capital, crisis management, and corporate strategy.

Key Points: 
  • The Contemporary Controller study will identify how rapidly changing pandemic and economic environments have dramatically changed accounting and finance duties and responsibilities, included new roles in technology, human capital, crisis management, and corporate strategy.
  • The Contemporary Controller webcast will preview the results of this important study for the first time.
  • Produced by the Controllers Council , a community and platform focused on accounting and finance resources and training, best practices information, peer interaction, recognition and networking.
  • "Don't miss the results of this in-depth and very insightful study of accounting and finance organizations", states Neil Brown, Controllers Council Executive Director.

Ocean Power Technologies Announces First Quarter FY2021 Results

Monday, September 14, 2020 - 9:48pm

MONROE TOWNSHIP, N.J., Sept. 14, 2020 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc.(OPT or the Company) (Nasdaq: OPTT), a leader in innovative and cost-effective ocean energy solutions, today announced financial results for the first quarter of fiscal year 2021 endedJuly 31, 2020.

Key Points: 
  • MONROE TOWNSHIP, N.J., Sept. 14, 2020 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc.(OPT or the Company) (Nasdaq: OPTT), a leader in innovative and cost-effective ocean energy solutions, today announced financial results for the first quarter of fiscal year 2021 endedJuly 31, 2020.
  • Revenue for the first quarter of fiscal year 2021 was$0.2 million, which was essentially flat compared to the first quarter of fiscal year 2020.
  • Net cash used in operating activities decreased by $0.9 million during the first quarter of fiscal 2021to$2.7 million, as compared to the first quarter of fiscal 2020.
  • Headquartered in Monroe Township, New Jersey, OPT aspires to transform the world through durable, innovative, and cost-effective ocean energy solutions.

Royal Financial, Inc. Announces Audited Fiscal Year 2020 Fourth Quarter and Year End Earnings Results

Monday, September 14, 2020 - 9:45pm

Net income for the fourth quarter of fiscal 2020 was $1.0 million or $0.41 per share, compared to $874,000, or $0.34 per share, for the same period in fiscal 2019.

Key Points: 
  • Net income for the fourth quarter of fiscal 2020 was $1.0 million or $0.41 per share, compared to $874,000, or $0.34 per share, for the same period in fiscal 2019.
  • Comparison of Results of Operations for the Fiscal Years Ended June 30, 2020 and 2019
    Net income for the fiscal year ended June 30, 2020 was $2.0 million, a decrease of $1.7 million (45%) from June 30, 2019.
  • Net interest income for the fiscal year ended 2020 decreased $457,000 (3%) to $13.6 million.
  • The Company did not repurchase any shares during the fourth quarter of fiscal year 2020.

Apple Growth Partners’ A’Shira Nelson Named Forty Under 40

Monday, September 14, 2020 - 1:00pm

Apple Growth Partners (AGP), award-winning accounting and business advisory firm, is proud to announce AShira Nelson, CPA, has been named one of Crains Cleveland Forty Under 40 recipients in 2020.

Key Points: 
  • Apple Growth Partners (AGP), award-winning accounting and business advisory firm, is proud to announce AShira Nelson, CPA, has been named one of Crains Cleveland Forty Under 40 recipients in 2020.
  • Nelson, 31, has achieved success in the accounting and finance industry, along with building her own personal social media brand as a budgeting expert for millennial women.
  • Nelson has a robust background in accounting, with nearly a decade of experience in audit, tax, and public accounting roles.
  • Apple Growth Partners is an award-winning accounting and business advisory firm with more than 75 years of helping grow local businesses.

Accounting & Finance Show Asia 2020 Goes Virtual

Friday, September 11, 2020 - 9:22am

SINGAPORE, Sept 11, 2020 - (ACN Newswire) - The Accounting & Finance Show Asia 2020 will run virtually this year at the end of a year of unprecedented disruption.

Key Points: 
  • SINGAPORE, Sept 11, 2020 - (ACN Newswire) - The Accounting & Finance Show Asia 2020 will run virtually this year at the end of a year of unprecedented disruption.
  • While digital technology has been revolutionising accounting, financial and HR management for many years across Asia, the need for businesses of all sizes to adopt technology and digitise has never been more urgent.
  • It will continue to bring together the latest technology and solutions, the experts, the SMEs, the enterprises, and the accountancy practices.
  • Attendees will gather virtually, from the comfort of their desks, joining from across the Asia for two days of discovery and learning.

Frequency Electronics, Inc. Announces First Quarter Fiscal Year 2021 Results

Thursday, September 10, 2020 - 9:01pm

MITCHEL FIELD, N.Y., Sept. 10, 2020 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (FEI or the Company) (NASDAQ-FEIM) is reporting revenues for the first quarter of fiscal 2021 ended July 31, 2020 of $13.0 million, compared to revenues of $12.6 million for the first quarter of fiscal 2020, ended July 31, 2019.

Key Points: 
  • MITCHEL FIELD, N.Y., Sept. 10, 2020 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (FEI or the Company) (NASDAQ-FEIM) is reporting revenues for the first quarter of fiscal 2021 ended July 31, 2020 of $13.0 million, compared to revenues of $12.6 million for the first quarter of fiscal 2020, ended July 31, 2019.
  • Operating loss for the first quarter of fiscal 2021 was $337,000 compared to an operating loss of $780,000 for the same period of fiscal 2020.
  • Net loss from operations was $262,000 or ($0.03) per diluted share compared to a net loss of $591,000 or ($0.07) per diluted share for the first quarter of fiscal year 2020.
  • The uptick in revenue this quarter is the result of winning several of these US Government space related programs in the last few months.

Accounting Industry’s Thought Leaders and Technology Experts Converge for LeaseQuery’s Free Accounting Tech Innovation Summit

Thursday, September 10, 2020 - 2:00pm

LeaseQuery , a leading provider of purpose-built lease accounting software, today announced its speaker program for the Accounting Tech Innovation Summit (#ATISummit).

Key Points: 
  • LeaseQuery , a leading provider of purpose-built lease accounting software, today announced its speaker program for the Accounting Tech Innovation Summit (#ATISummit).
  • The conference will focus on how accounting and financial professionals can adapt to the challenging world of modern accounting.
  • Offering an immersive virtual conference experience, the Accounting Tech Innovation Summits track provides inspiring presentations from experienced accounting thought leaders.
  • For additional information on LeaseQuerys Accounting Tech Innovation Summit or to register for free, please visit https://leasequery.com/accounting-tech-innovation-summit/ .

Siegfried Recognized as One of the Largest and Fastest-Growing Accounting Firms in the Country

Wednesday, September 9, 2020 - 3:24pm

Among the top 100 firms identified by IPA, Siegfried recorded the second highest organic growth rate (26.6%).

Key Points: 
  • Among the top 100 firms identified by IPA, Siegfried recorded the second highest organic growth rate (26.6%).
  • For more than 30 years, Siegfried has demonstrated its dedication to and focus on serving its clients, employees, and others.
  • Siegfried works alongside financial executives across the nation on their most important accounting and finance projects.
  • The Platt Group also surveys and publishes annual reports for the accounting profession in Human Resources, Firm Administration and Information Technology.