Accounting

USA Technologies Names Scott Stewart as New Chief Accounting Officer

Friday, September 18, 2020 - 1:15pm

USA Technologies, Inc. (OTC:USAT) (USAT or the Company), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today announced the appointment of Scott Stewart as the Companys new chief accounting officer (CAO), effective immediately.

Key Points: 
  • USA Technologies, Inc. (OTC:USAT) (USAT or the Company), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today announced the appointment of Scott Stewart as the Companys new chief accounting officer (CAO), effective immediately.
  • Mr. Stewart will lead the Companys accounting operations, financial reporting, internal control processes and financial systems.
  • Scott is a highly accomplished accounting professional and brings strong knowledge of financial reporting requirements and internal controls to the Companys finance organization, said Wayne Jackson, chief financial officer, USA Technologies.
  • Mr. Stewart will be based in the Companys Atlanta office and report to Chief Financial Officer, Wayne Jackson.

Visual Lease Enhances Platform Speed and Scalability by Migrating to AWS

Friday, September 18, 2020 - 2:00pm

Further enhancing the platforms infrastructure, AWS cloud hosting provides Visual Lease customers with unparalleled data and application speed, security and scalability.

Key Points: 
  • Further enhancing the platforms infrastructure, AWS cloud hosting provides Visual Lease customers with unparalleled data and application speed, security and scalability.
  • By leveraging AWS cloud-based data center, Visual Lease is poised to successfully support for its rapidly expanding install base of public and private companies.
  • Visual Lease customers are managing thousands of complex lease agreements and financial management datapoints within our platform.
  • Migrating to AWS enables us to provide them with the platform speed and system reliability we consistently strive to deliver.

Mauldin & Jenkins Acquires Plush Smith P.A.

Friday, September 18, 2020 - 12:44pm

Mauldin & Jenkins is proud to announce the acquisition of Plush Smith P.A., a Sarasota, Florida accounting and consulting firm.

Key Points: 
  • Mauldin & Jenkins is proud to announce the acquisition of Plush Smith P.A., a Sarasota, Florida accounting and consulting firm.
  • Plush Smith, managed by its founder, Carla Plush Smith, CPA, has provided tax, financial reporting, and consulting services to individuals, fiduciaries, commercial businesses and other organizations since 2011.
  • In seeking a succession partner, we looked for a firm which would continue the level of client service Plush Smith became known for, Smith said.
  • Competency, empathy, and accessibility are among the qualities the Sarasota based Mauldin & Jenkins team will bring to our wonderful market.

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.

AICPA Urges Swift Passage of Renewed Paycheck Protection Program Funding

Thursday, September 17, 2020 - 9:05pm

The American Institute of CPAs today renewed its call for swift passage of legislation to extend and expand the Paycheck Protection Program (PPP), which provides critical relief for small businesses impacted by the Covid-19 pandemic.

Key Points: 
  • The American Institute of CPAs today renewed its call for swift passage of legislation to extend and expand the Paycheck Protection Program (PPP), which provides critical relief for small businesses impacted by the Covid-19 pandemic.
  • Its apparent that to increase the odds of many small businesses getting through this crisis, more governmental support is essential.
  • The AICPA issued six recommendations for pandemic relief-related legislation in July, several of which touch on the Paycheck Protection Program.
  • The AICPA has supported efforts to streamline and simplify the PPP process through recommendations from a small business funding coalition it leads.

Constellation Advisers, LLC Hires Juneau Lee as Senior Director of Regulatory and Compliance – Dallas, Texas

Thursday, September 17, 2020 - 6:49pm

Constellation Advisers, LLC ("Constellation"), the leading co-sourced and outsourced investment management service provider, announced that it has hired Juneau Lee as a senior Director within its Regulatory and Compliance Practice.

Key Points: 
  • Constellation Advisers, LLC ("Constellation"), the leading co-sourced and outsourced investment management service provider, announced that it has hired Juneau Lee as a senior Director within its Regulatory and Compliance Practice.
  • He will be based in Constellations Dallas office, and will assist clients with their regulatory and compliance requirements.
  • We are excited to welcome Juneau to Constellation, and we look forward to his senior leadership, said Greg Farrington, President of Constellation.
  • Mr. Lee joins Constellation after serving as Principal at Arquebus Capital, a Texas based family office.

Seward & Kissel Named “Best Advisory Firm – Regulation and Compliance” by HFM

Thursday, September 17, 2020 - 6:19pm

Seward & Kissel has been named the Best Advisory Firm Regulation and Compliance in the HFM US Services Awards 2020.

Key Points: 
  • Seward & Kissel has been named the Best Advisory Firm Regulation and Compliance in the HFM US Services Awards 2020.
  • We are honored to be recognized as the Best Advisory Firm for Regulation and Compliance within the investment management industry.
  • In addition to providing ongoing regulatory and compliance advice to clients, Seward & Kissel also offers compliance consulting through Seward & Kissel Regulatory Compliance (SKRC), which was introduced in 2017 as investment managers were increasingly seeking cost-effective solutions to their regulatory requirements.
  • Seward & Kissel LLP , founded in 1890, is a leading U.S. law firm with an international reputation for excellence.

Athena Wins HFM Global’s US Award for Best Offshore Governance Firm

Thursday, September 17, 2020 - 5:33pm

Athena International Management Limited (Athena) is thrilled to be awarded HFM Globals US Services Award for Best Offshore Governance Firm.

Key Points: 
  • Athena International Management Limited (Athena) is thrilled to be awarded HFM Globals US Services Award for Best Offshore Governance Firm.
  • This category is the inaugural award for these highly-acclaimed industry accolades which are now in their eleventh year of celebration.
  • Founded in 2005, Athena was the pioneer of boutique governance firms in the Cayman Islands, offering professional and truly independent directors to the alternative investment funds industry.
  • Celebrating 15 years in 2020, Athena International Management Limited provides governance solutions to the international alternative investment community.

Brii Biosciences Appoints Rogers Luo, Ankang Li To Leadership Positions

Thursday, September 17, 2020 - 5:28pm

Dr. Li is responsible for corporate finance & transactions, financial reporting and accounting, and internal control & audit.

Key Points: 
  • Dr. Li is responsible for corporate finance & transactions, financial reporting and accounting, and internal control & audit.
  • Dr. Luo has extraordinary knowledge of the science, proven leadership track record, and commercial expertise in patient access.
  • I am delighted that they have brought their expertise and energy to Brii Bio at this critical time of growth.
  • Dr. Li commented: I am impressed by Brii Bios infectious disease pipeline and commitment to addressing the tremendous health challenges worldwide.

RUBIS: Great resilience in the face of Covid - EBITDA: down 11% - Net income: down 11%

Thursday, September 17, 2020 - 5:04pm

Of the 44 million like-for-like drop in the gross distribution margin in Q2, 97% is attributable to the fall in volumes.

Key Points: 
  • Of the 44 million like-for-like drop in the gross distribution margin in Q2, 97% is attributable to the fall in volumes.
  • The worst impact was felt in the area of white goods, and notably aviation, where the sharp drop in sales did not allow for normal inventory turnover.
  • The results of the SARA refinery are governed by the application of a decree setting profitability at 9% of shareholders' equity.
  • After refinancing, the net income (Group share) of the Rubis Terminal JV totalled 11 million, down 12%.