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 Intuit is exploring bookkeeping, and it’s not a bad thing

QuickBooks will actually increase the market for bookkeepers.

February 15

Cathy Iconis

Iconis Group LLC
AT Think Four steps to building up your firm’s niche skills

Built right, a new service offering can boost not just profitability, but employee retention, too.

February 15

Andrea Morhardt

Aksehen LLC
Certified Management Accountants

Jay Leno to celebrate 100th anniversary of IMA

The comedian and former “Tonight Show” host is scheduled to help the Institute of Management Accountants mark its centennial.

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

February 14
Revenue recognition

FASB proposes changes in accounting for deferred revenue in business combinations

The Financial Accounting Standards Board issued a proposed accounting standards update Thursday on the recognition and measurement of deferred revenue in business combinations.

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

February 14
Accounting fraud

Patisserie Valerie rescued by deal with Causeway Capital after accounting scandal

The bakery chain was rescued by an Irish private-equity firm after an accounting scandal pushed the U.K. cake baker into insolvency.

February 14
AT Think The Intern Chronicles: Eyewitness to fraud

A young accountant shares a cautionary tale of red flags ignored and a nonprofit victimized.

February 14

Bethany Faford

Nichols College
Audit

Deloitte’s Japan firm to pay $2M to settle SEC charges over audits

Deloitte’s member firm in Japan, Deloitte Touche Tohmatsu LLC, is paying a $2 million settlement to the U.S. Securities and Exchange Commission to resolve charges that it issued audit reports for a client at the same time dozens of its employees had bank accounts at a subsidiary of the client.

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

February 13

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.