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 releases standard for convertible instruments and contracts

The update promises to improve financial reporting associated with accounting for convertible instruments and contracts in an entity’s own equity.

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

August 5
Intuit

Intuit agrees to buy Singapore inventory software maker

Intuit Inc. has agreed to acquire TradeGecko, a Singapore-based inventory and order management software platform for small retailers and wholesalers in more than 100 countries.

By Yoolim Lee
Reporter

August 4
CECL

Credit card companies put aside billions for CECL and coronavirus

The six largest credit card issuers have set aside billions of dollars worth of reserves in response to the novel coronavirus as well as the adoption of the Financial Accounting Standards Board’s new credit losses standard.

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

August 3
AT Think Accounting’s calendar crumbles

It’s time to start building the profession’s year around different time scales.

August 3

Daniel Hood

Accounting Today
Tax preparers

NCCPAP endorses tax preparer regulation

The group wrote to legislators supporting ‘The Taxpayer Protection and Preparer Proficiency Act.’

By Daniel Hood
Editor-in-chief

July 31
Accounting software

LeaseAccelerator releases EZLease application

LeaseAccelerator, which makes lease lifecycle management software, has released EZLease, an automated lease calculator.

By Ranica Arrowsmith
Technology Editor

July 31
Accounting firm services

Gusto introduces certification program for accountants

The provider of payroll, benefits and human resources for small businesses, is rolling out a program for accountants who want to be certified in providing the company’s services to their clients.

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

July 30

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.