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 standards

FAF chief Teresa Polley to resign

The longtime head of the Financial Accounting Foundation will step down after 11 years of running the organization that oversees FASB, GASB and the PCC.

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

April 26
Certified Management Accountants

IMA offers guidance on managerial costing models

The Institute of Management Accountants has issued a new report with best practices for developing an effective costing model.

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

April 25
Accounting standards

FASB tweaks financial instruments standards

The Financial Accounting Standards Board released an accounting standards update Thursday to clarify three of its recent standards for credit losses, hedging, and recognition and measurement of financial instruments.

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

April 25
Volcker Rule

Wall Street nears a big win in the latest revamp of Volcker Rule

The latest effort to overhaul the post-financial crisis rule would replace the proposed "accounting prong" for determining which kinds of trades are prohibited.

April 25
Accounting standards

Noski to chair FAF until end of year

The former Bank of America vice chairman has agreed to stay on through the rest of 2019 as the board of trustees searches for new leaders at FASB and GASB.

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

April 22
AT Think Art of Accounting: Anything less than a 10 is an F

CPA firms are becoming more niche driven and expanding into greater advisory roles.

April 22

Edward Mendlowitz

Withum
Accounting standards

Alvarez & Marsal debuts LeaseSCRE tool for lease accounting

The web-based tool employs machine learning technology to estimate an incremental borrowing rate curve for the leasing standard.

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

April 19

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.