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.

Accounting software

Software survey: Nonprofit software in 2019

Accounting packages for not-for-profits are getting more sophisticated as their needs evolve.

By Ted Needleman
Contributing editor

November 29
AT Think The service mindset

What you need to know about service to thrive in the new accounting economy.

November 27

Amy Vetter

The B3 Method Institute
AT Think Boomer’s Blueprint: Entrepreneurial leadership

These six traits are critical for transforming accounting firms.

November 27

L. Gary Boomer

Boomer Consulting Inc.
AT Think Tax Strategy: Compliance on virtual currency transactions

New guidance, rules and enforcement efforts from the IRS aim to improve cryptocurrency reporting.

November 27

Mark A. Luscombe

Wolters Kluwer Tax & Accounting
CAS

Client accounting services in 2019

Two firms share their experiences with offering CAS to their clients.

By Ranica Arrowsmith
Technology Editor

November 27
CECL

FASB makes further adjustments to CECL

The board issued an ASU Tuesday to tweak its credit losses standard to deal with some of the issues raised by stakeholders.

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

November 26
Tax season

Getting ahead of next tax season

Preparations for you and your clients to make before Dec. 31

By Roger Russell
Senior Editor

November 26

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.