Accounting

Diamond Eagle Acquisition Corp. Adjourns Special Meeting of Stockholders Until April 23, 2020

Friday, April 10, 2020 - 1:26am

Diamond Eagle Acquisition Corp. (Diamond Eagle or the Company) (Nasdaq: DEAC) today announced that it has adjourned its special meeting of stockholders (the Special Meeting) in connection with its previously announced business combination (the Business Combination) with DraftKings Inc. (DraftKings) and SBTech (Global) Limited (SBTech).

Key Points: 
  • Diamond Eagle Acquisition Corp. (Diamond Eagle or the Company) (Nasdaq: DEAC) today announced that it has adjourned its special meeting of stockholders (the Special Meeting) in connection with its previously announced business combination (the Business Combination) with DraftKings Inc. (DraftKings) and SBTech (Global) Limited (SBTech).
  • In light of public health concerns regarding the coronavirus (COVID-19), the Special Meeting will be held in a virtual meeting format only.
  • The Special Meeting, initially called for April 9, 2020, will reconvene at 9:00 a.m., New York City time, on April 23, 2020.
  • Stockholders will be able to attend, vote and examine the list of Diamond Eagle stockholders at the Special Meeting by visiting https://www.cstproxy.com/diamondeagleacquisitioncorp/sm2020 and entering the control number found on their proxy card.

EPAM Reconfirms Business Outlook for Q1 and Withdraws Full Year 2020 Guidance due to COVID-19 Uncertainties

Friday, April 10, 2020 - 12:53am

Due to heightened uncertainty related to the potential impacts of COVID19 on the Company's second quarter and full year business results, EPAM is withdrawing its full year 2020 financial outlook.

Key Points: 
  • Due to heightened uncertainty related to the potential impacts of COVID19 on the Company's second quarter and full year business results, EPAM is withdrawing its full year 2020 financial outlook.
  • EPAM will provide a business update as part of its first quarter fiscal 2020 earnings call, scheduled for May 7, 2020, at 8:00 a.m.
  • Through its 'Engineering DNA' and innovative strategy, consulting, and design capabilities, EPAM works in collaboration with its customers to deliver next-gen solutions that turn complex business challenges into real business outcomes.
  • EPAM supplements results reported in accordance with United States generally accepted accounting principles, referred to as GAAP, with non-GAAP financial measures.

EPAM Reconfirms Business Outlook for Q1 and Withdraws Full Year 2020 Guidance due to COVID-19 Uncertainties

Friday, April 10, 2020 - 12:38am

Due to heightened uncertainty related to the potential impacts of COVID19 on the Company's second quarter and full year business results, EPAM is withdrawing its full year 2020 financial outlook.

Key Points: 
  • Due to heightened uncertainty related to the potential impacts of COVID19 on the Company's second quarter and full year business results, EPAM is withdrawing its full year 2020 financial outlook.
  • EPAM will provide a business update as part of its first quarter fiscal 2020 earnings call, scheduled for May 7, 2020, at 8:00 a.m.
  • Through its 'Engineering DNA' and innovative strategy, consulting, and design capabilities, EPAM works in collaboration with its customers to deliver next-gen solutions that turn complex business challenges into real business outcomes.
  • EPAM supplements results reported in accordance with United States generally accepted accounting principles, referred to as GAAP, with non-GAAP financial measures.

AICPA Commends Treasury and IRS for Issuing Broad Tax Relief in Light of COVID-19

Thursday, April 9, 2020 - 11:49pm

Todays release of Notice 2020-23 is great news to the thousands of taxpayers and tax professionals who are faced with upcoming deadlines.

Key Points: 
  • Todays release of Notice 2020-23 is great news to the thousands of taxpayers and tax professionals who are faced with upcoming deadlines.
  • We commend Treasury and the IRS for recognizing the added stress these deadlines cause and taking action to ensure taxpayers and their advisors can take care of their families and their employees appropriately.
  • While the AICPA appreciates the relief announced today, we continue to urge Treasury and IRS to develop a contingency plan for the next phase of relief should that be needed.
  • On April 7th, the AICPA urged Treasury Secretary Mnuchin in a letter to immediately expand the tax-related relief to all types of returns and payments.

PAVmed Reports Preliminary Fourth Quarter 2019 Financial Results and Provides Business Update

Thursday, April 9, 2020 - 9:44pm

To supplement our unaudited financial results presented in accordance with U.S. generally accepted accounting principles (GAAP), management provides certain non-GAAP financial measures of the Companys financial results.

Key Points: 
  • To supplement our unaudited financial results presented in accordance with U.S. generally accepted accounting principles (GAAP), management provides certain non-GAAP financial measures of the Companys financial results.
  • Non-GAAP financial measures are provided to enhance readers overall understanding of our current financial results and to provide further information for comparative purposes.
  • Management believes the non-GAAP financial measures provide useful information to management and investors by isolating certain expenses, gains and losses that may not be indicative of our core operating results and business outlook.
  • In addition, management believes non-GAAP financial measures enhance the comparability of results against prior periods.

Salesforce Partner, Accounting Seed, Donates Software to DevicesforStudents.org

Thursday, April 9, 2020 - 5:53pm

First, the nonprofit is tackling California where more than 6 million students have had schools close due to COVID-19.

Key Points: 
  • First, the nonprofit is tackling California where more than 6 million students have had schools close due to COVID-19.
  • As part of this partnership, Accounting Seed donated its complete accounting solution to the cause to help Devices for Students manage donors, donations and their overall financial data.
  • Headquartered in Columbia, Md., Accounting Seed was founded in 2008 by Tony Zorc, a CPA and former CFO who believes in a better way to do accounting.
  • Powered by the Salesforce platform, Accounting Seed's secure and trusted technology enables a 360-degree view of a customer's business, putting the time back in their hands.

RSM Selects Lukka as Preferred Provider for Crypto Tax Software Solutions

Thursday, April 9, 2020 - 3:15pm

Lukka, a blockchain-native software and data services company, has been selected by RSM US LLP (RSM) the nations leading provider of audit, tax and accounting services focused on the middle market to provide crypto tax software solutions to the firms tax clients.

Key Points: 
  • Lukka, a blockchain-native software and data services company, has been selected by RSM US LLP (RSM) the nations leading provider of audit, tax and accounting services focused on the middle market to provide crypto tax software solutions to the firms tax clients.
  • Prior to making this selection, RSM executed an extensive evaluation of various crypto tax software providers.
  • Ultimately, RSM selected Lukka due to its comprehensive coverage of the crypto ecosystem, scalable infrastructure including TYPE 2 SOC attestations, and focus on delivering highly specialized tax capabilities unique to crypto assets.
  • Lukka is proud to be selected by RSM to provide its clients crypto tax software, said Robert Materazzi, co-CEO of Lukka.

 Orion’s Turnkey Marketing Platform, Market*r, Supercharges Firm’s Growth Potential

Thursday, April 9, 2020 - 3:00pm

But for many advisors, implementing an effective marketing and communications program is easier said than done.

Key Points: 
  • But for many advisors, implementing an effective marketing and communications program is easier said than done.
  • Market*r gives advisors an intuitive, streamlined, and cost-effective solution that is backed by the strategic expertise of a full marketing team.
  • Whats more is that they fail to make the necessary connection from marketing engagement to planning action.
  • Connecting Marketing Execution to Advice, In One Platform
    The Market*r platform excels in its power to directly point marketing campaign calls-to-action to self-guided goal-planning workflows.

WNS to Release Fiscal 2020 Fourth Quarter and Full Year Financial and Operating Results on April 23, 2020

Thursday, April 9, 2020 - 1:00pm

WNS (Holdings) Limited (NYSE: WNS), a leading provider of global Business Process Management (BPM) services, today announced it will release its fiscal 2020 fourth quarter and full year financial and operating results at approximately 6:00 a.m. Eastern on Thursday, April 23, 2020.

Key Points: 
  • WNS (Holdings) Limited (NYSE: WNS), a leading provider of global Business Process Management (BPM) services, today announced it will release its fiscal 2020 fourth quarter and full year financial and operating results at approximately 6:00 a.m. Eastern on Thursday, April 23, 2020.
  • Following the release, WNS management will host a call on April 23, 2020 at 8:00 a.m. Eastern.
  • Chief Executive Officer, Keshav Murugesh, Chief Financial Officer, Sanjay Puria and Chief Operating Officer, Gautam Barai will review the results of the fiscal 2020 fourth quarter and full year ended March 31, 2020 on the teleconference.
  • To access the call in listen-only mode, please join live via the companys investor relations website at ir.wns.com .

The Calm Before The Currency Storm: Global Headwinds Cost Companies nearly $9B in FX Losses in Latest Quarter, According to New Kyriba Report

Thursday, April 9, 2020 - 1:00pm

Despite reduced currency volatility, this is the sixth consecutive quarter of $8 billion in losses for North American companies the longest such stretch in at least a decade, according to the report.

Key Points: 
  • Despite reduced currency volatility, this is the sixth consecutive quarter of $8 billion in losses for North American companies the longest such stretch in at least a decade, according to the report.
  • Nine Billion in losses is simply too much for a quarter with reduced currency volatility.
  • According to Koester, Boards will be closely watching FX losses of an indicator of corporate governance.
  • To learn about specific industries affected and which currencies were most impactful to multinationals, download the full Q4 2019 Kyriba Currency Impact Report here .