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.

AT Think The real reason to amend goodwill accounting

The core issue is its potential for exploitation and fraud, according to Prof. J. Edward Ketz.

November 15

J. Edward Ketz

The Pennsylvania State University
Audit

Florida firm leads in new SEC clients for Q3

A merger put Assurance Dimensions in the lead, while Marcum LLP led among large firms.

By Daniel Hood
Editor-in-chief

November 15
AT Think The nature of women in accounting

The profession needs to make more of a commitment to ensuring women have a seat at the table.

November 15

Sandy Shecter

Rehmann
AT Think 5 ways to prepare for tax season success

This is the perfect time of year to work on your upcoming tax season and design it the way you want it to be.

November 14

Josh Lance

Intuit
Accounting standards

FASB approves guidance to help with LIBOR transition

The Financial Accounting Standards Board approved an accounting standards update to help companies make the transition from the London Interbank Offered Rate to newer reference rates.

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

November 13
CPAs

Receipt Bank asks to '#GiveYourBookkeeperaBreak' in new campaign

Small business owners are encouraged to nominate an accountant who's made a "lifesaving contribution" to their business.

By Sean McCabe
Senior Editor

November 13
Hedging

FASB clarifies hedge accounting standard

The Financial Accounting Standards Board released a proposed accounting standards update Tuesday aimed at clarifying some areas of its 2017 hedging standard for derivatives.

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

November 12

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.