Accounting

Accounting News & Professional Insight

Accounting Today delivers news, rankings, thought leadership, and analysis for accounting professionals so they can navigate change in standards, firm strategy, technology adoption, talent, and the overall business environment.

Accounting professionals are facing rapid transformation, including shifting professional standards, demographic change, technology disruption, practice consolidation, and changing expectations for advisory services. Our coverage surfaces these strategic dynamics and provides insights and analysis for firms, leaders, and the accounting profession.

International accounting

Germany to expand financial watchdog’s powers after Wirecard

Germany wants to bolster the expertise at its top financial regulator to prevent a repeat of the Wirecard scandal that exposed significant cracks in the country’s oversight.

By Birgit Jennen
Reporter

February 2
Tax season

Tax pros want another deadline extension: NATP

Almost two-thirds of practitioners said that pushing filing to July 15 last year was good for them.

By Jeff Stimpson
Freelance writer

February 1
Diversity and equality

Accounting profession marks centennial of first Black CPA with new diversity campaign

As Black History Month begins, a number of prominent accounting organizations — including the AICPA, Illinois CPA Society, and the National Association of Black Accountants — have joined together in announcing a new yearlong diversity program.

By Sean McCabe
Senior Editor

February 1
AT Think Boomer’s Blueprint: Listen to the technology

As firm leaders develop their vision and future IT roadmaps, they must think differently to sustain success and remain future-ready and relevant.

February 1

L. Gary Boomer

Boomer Consulting Inc.
AT Think Start planning your exit from the pandemic

It's not too early to get ready for life — and business — after the coronavirus.

January 29

Daniel Hood

Accounting Today
IMA

Almost no one thinks their company's falling behind because of COVID-19

The coronavirus pandemic has hit revenues at most companies around the world, but almost none of them feel that they're lagging behind their competitors.

By Michael Cohn
Editor-in-chief, AccountingToday.com

January 28
Revenue recognition

FASB simplifies revenue rules for franchises

The Financial Accounting Standards Board released an accounting standards update Thursday, giving franchisors a practical expedient way to determine their performance obligations under a franchise agreement.

By Michael Cohn
Editor-in-chief, AccountingToday.com

January 28

Resources

The latest Accounting Today research and discussion:

Predicting the next 15 years in accounting

Take a look at what the accountant and the accounting firm of the future will look like with AICPA chief Mark Koziel.

Sponsored by BILL
The changing world of government financial reporting

The serious new pressures facing governments of all sizes are changing their financial reporting, says GASB Chair Joel Black.

Sponsored by Intuit Quickbooks
Special Report Technology and CAS

Handling the compliance work that is the foundation of modern CAS while also creating time and insights for the advisory overlay that really drives its value to clients requires the careful deployment of a suite of technology tools — and that suite is constantly evolving, meaning accountants need a strategy to keep up.

Sponsored by Canopy

Accounting: Key Questions & Analysis

What are the key trends and strategies emerging from accounting industry leaders?

Top leaders are focused on structural challenges facing firms, including succession planning, evolving service mix, and long-term sustainability of traditional models.

How are accounting firms positioning themselves for the profession’s next phase?

Firm leaders are redefining and evaluating their strategy for growth. This includes investing in people and systems as well as rethinking how firms deliver value to address changing client needs and competition.

What role does professional identity play as accounting continues to change?

Debate continues over how accounting defines itself. This is due to accounting expanding into advisory, consulting, and technology-enabled services. These changes can raise questions about standards, training, and long-term credibility.

How are accounting firms managing leadership and succession risk?

Demographic shifts are accelerating in accounting. This means more firms are confronting leadership transitions and ownership succession which can create critical strategic risks that influence growth, culture, and valuation.