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.

Coronavirus

ACCA eyes global economic impact of coronavirus

The Association of Chartered Certified Accountants has released a paper examining the impact of the coronavirus, and how it is affecting economies around the world, including the U.S.

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

March 2
Certified Management Accountants

IMA members' salaries on the rise

Salary and compensation rose for the first time in three years, according to an annual salary survey.

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

March 2
Innovation

Don’t wait — innovate

Every firm is capable of innovation — and soon, every firm will need to be.

By Daniel Hood
Editor-in-chief

March 2
Tax prep software

Tech news: More resources for tax pros

New practice management and crypto-tax tools for tax pros, along with extra tax season resources and much more.

By Daniel Hood
Editor-in-chief

March 2
Practice management software

Intuit introduces tax practice management platform with Karbon

The platform will be available for tax year 2020.

By Ranica Arrowsmith
Technology Editor

February 28
Artificial intelligence

The AI-human connection

The first step in making the most of this new technology is for accountants to learn to start trusting it.

By Ranica Arrowsmith
Technology Editor

February 28
FASB

Financial Accounting Foundation appoints executive director

The Financial Accounting Foundation, the group that oversees the Financial Accounting Standards Board and the Governmental Accounting Standards Board, has named acting president John W. Auchincloss as the FAF’s executive director.

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

February 27

Resources

The latest Accounting Today research and discussion:

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
The future of the accounting workforce

While concerns remain about the profession's pipeline of new accountants, Cathy Moy, chief people officer at BDO USA, sees plenty of ways to keep it full.

Sponsored by Intuit Quickbooks

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.