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 Hashing out rates: Taxing marijuana without extinguishing it

States need to consider a wide range of factors in looking to set tax rates on legalized pot sales.

November 6

Jennifer Weidler Karpchuk

Chamberlain Hrdlicka
A small-business barometer for 2019

Those working with accountants expect stronger growth, according to Accounting Today's Small Business Insights Survey.

Sponsored by SurePayroll
Certified Management Accountants

IMA proposes best practices for managerial costing

The Institute of Management Accountants and its Managerial Costing Task Force released an exposure draft Monday examining managerial costing practices and how managers should decide which practices are the best ones for their organizations.

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

November 5
Revenue recognition

FASB issues standard for collaborative arrangements

The update clarifies the guidance on the interaction between some types of collaborative arrangements and the new revenue recognition standard.

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

November 5
Revenue recognition

FASB offers rev rec guidance for franchisors

The staff paper aims to help private company franchises implement the new accounting standard by offering them practical examples.

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

November 5
Revenue recognition

Companies choosing riskier path for revenue recognition

The vast majority of S&P 500 issuers are using the modified retrospective method of adopting the new rules.

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

November 5
Practice management

Meet the ‘fat middle’ firm

A new shape of accounting firm may bring significant — and potentially unwelcome — change.

By Daniel Hood
Editor-in-chief

November 5

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.