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Gathering stakeholder feedback on accounting standards
Gathering stakeholder feedback on accounting standards
24 May 2021 6:11AM
Companies sometimes complain about the outcomes of accounting standards that have been developed overseas, but the sources of stakeholder feedback on specific proposals are seldom analysed by news media.
One could speculate on the reasons this is the case: accounting tends to be dry unless a major company is drowning in a sea of red; feedback tends to be technical rather than sexy from a reporting standpoint; and it is hard for journalists and commentators to place concrete numbers on what a standard means for companies if a proposal is under development.
Home Stakeholder collaboration will help companies and society thrive
Stakeholder collaboration will help companies and society thrive
Sustainability reporting standards are in the long-term interests of business and society
World Economy News
24 May 2021 • 3 min read
The plight of companies in 2021 has been to contend with two difficulties. At the start of the coronavirus pandemic last year, some economies were already in a weak state. But the restrictions since imposed by governments to stop the spread of the virus have only made matters worse.
In the early stages of the pandemic, I coined the term “coronanomics”, to reflect how the economic and health crises were intertwined. Companies have been in survival mode and boards of directors around the world are only thinking short term about how to avoid the liquidation of their businesses.
Provided by Business Wire
Arco Reports First Quarter 2021 Results
Arco delivers healthy operating results in 1Q21, with net revenue 27% higher YoY, and adjusted EBITDA margin of 35.7%
Arco Platform Limited, or Arco or Company (Nasdaq: ARCE), today reported financial and operating results for the first quarter ended March 31, 2021.
“We delivered solid operating results in the first quarter of 2021 and we are encouraged by the early results from our sales cycle for the 2022 school year, as we once again benefit from industry-leading results from our partner schools at the national exam (ENEM) and continue to improve our platform and innovate. We are also excited with the initial results from our redesigned cross-sell initiative, which will help further accelerate the sale of supplemental products and leverage the scale of our Core segment. We note, however, that the COVID-19 pandemic is not yet fully behind us. We see risk of revenue recognition in 2021 to be