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.

Bookkeeping

Bookkeeping Zoom debuts new bookkeeping-on-demand service

The news comes as software giant Intuit is developing its own bookkeeping-on-demand service, sparking discussion in the accounting world.

By Ranica Arrowsmith
Technology Editor

March 27
AT Think 10 tips for success in the 2019 tax season

Tax professionals offer their top strategies for surviving and thriving through April 15.

March 26

Kurt Avarell

Canopy
International accounting

Wirecard surges after law firm finds only minor accounting irregularities

Wirecard AG surged the most in more than a decade after saying irregularities found in an external investigation into fraud allegations in Asia weren’t material.

March 26
Accounting standards

FASB proposes more changes in income tax disclosures

The Financial Accounting Standards Board is proposing to make further changes in the income tax disclosure requirements for companies to make them more relevant to users of financial statements.

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

March 25
International accounting

India postpones accounting rules, sparing banks bad-loan piles

The delay for the second year running will spare the country’s banks from adding another layer to the $190 billion pile of bad loans on their books.

March 25
Accounting standards

FASB updates definition of ‘collections’ for nonprofits

The Financial Accounting Standards Board is aligning its definition with the American Alliance of Museums’ Code of Ethics for Museums.

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

March 21
Accounting fraud

Steinhoff former CFO assisting authorities with investigations

The retailer's former chief financial officer is working with authorities as they investigate questionable transactions.

March 20

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.