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

FASB proposes standard for TV episode production costs

The Financial Accounting Standards Board unveiled a proposed accounting standards update Wednesday aimed at improving and harmonizing the accounting for films and episodic content for both TV and streaming video services like Netflix.

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

November 7
Accounting fraud

Steinhoff report to police is said to include three plus Jooste

The retailer provided South African officers with information about transactions involving more former executives who may have contributed to its accounting crisis.

November 7
AT Think Why is your staff disengaged?

They need to see that their firm offers a path to the future.

November 7

Bob Lewis

The Visionary Group
AT Think New alignment can ‘cut the clutter’ in sustainability reporting

The

November 7

Richard Howitt

International Integrated Reporting Council
International accounting

Global reporting groups plan to align standards in 2 years

The International Integrated Reporting Council, the Sustainability Accounting Standards Board, the Global Reporting Initiative and the Carbon Disclosure Project are working to harmonize standards.

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

November 7
Tax preparers

Annual renewal opens for Enrolled Agents

Roughly a third of EAs are due to re-enroll before Jan. 31, 2019.

By Jeff Stimpson
Freelance writer

November 6
International accounting

Accrual accounting catching on among governments worldwide

Nearly two-thirds of governments are expected to report on an accrual basis within the next five years.

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

November 6

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.