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.

Payroll software

ADP creates Compliance on Demand product for accountants

The new resource offers regulatory content, an online community and an expert helpdesk.

By Ranica Arrowsmith
Technology Editor

October 31
GASB

Governmental lease accounting: 10 mistakes to avoid

The new standard transforms the rules that govern accounting for nearly all types of leases, including real estate, vehicle and equipment.

By Al Dente
Product manager

October 31
AT Think Tax Strategy: Rental real estate and the QBI deduction

A new IRS revenue procedure offers guidance in a complicated area.

October 31

Mark A. Luscombe

Wolters Kluwer Tax & Accounting
Accounting students

NJCPA accepting 2020 student scholarship applications

The New Jersey Society of CPAs encourages local high school and college accounting students to apply for $7,000 and $6,500 scholarships, respectively.

By Sean McCabe
Senior Editor

October 30
Blockchain

3 reasons CPAs should care about blockchain

It may come faster than you expect or more slowly — but it's definitely coming.

By Sean Stein Smith
Professor

October 30
AT Think Gilding the golden years

Guiding clients into and through retirement.

October 30

John P. Napolitano

Napier Financial
International accounting

PrimeGlobal expands int'l firm association

CEO Steve Heathcote plans to expand the association, especially in Asia and Europe.

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

October 29

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.