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.

FASB

FASB proposes to clarify scope of reference rate reform guidance

The update addresses the Reference Rate Reform ASU issued by the Financial Accounting Standards Board in March.

By Danielle Lee
Editor-in-Chief

October 29
FASB

FASB issues guidance on debt restructurings and modifications

The Financial Accounting Standards Board has released a staff educational paper offering an overview of the accounting guidance for debt restructurings and modifications.

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

October 29
CPAs

CPA Mutual transfers accountants liability insurance to Camico

CPA Mutual’s Accountants Professional Liability Insurance program is moving to Camico, effective Jan. 1, 2021.

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

October 28
AT Think Growth drivers for accounting firms in the post-pandemic era

Responding to pandemic-induced challenges will require accounting firms to rethink business and operations models through a technology lens

October 28

Atul Jagnale

TCS
Coronavirus

Practice Profile: Surviving a pandemic

CBIZ’s new offering helps businesses at various stages of COVID-19 recovery.

By Danielle Lee
Editor-in-Chief

October 28
Accounting standards

FASB proposes to clarify accounting for forwards and options

The proposed accounting standards update aims to clarify an issuer’s accounting for certain modifications of equity-classified forwards and options (such as warrants) that remain equity classified after their modification.

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

October 26
CPAs

AICPA names 2020 Gold Medal Award of Distinction recipients

The American Institute of CPAs has awarded Richard Caturano and Paul Stahlin the organization's highest honor.

By Sean McCabe
Senior Editor

October 23

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.