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.

Tax preparation

IRS advisory committees getting an overhaul

IRSAC will expand its functions, incorporate two other groups, and focus on the service's operating divisions.

By Jeff Stimpson
Freelance writer

November 2
Accounting standards

Auditors see challenges in new leasing standard

The new lease accounting standard that takes effect for public companies next year poses obstacles for the audit firms that have begun implementing it for their clients.

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

October 31
AT Think Separating the old from the new in the leases standard for lessees

The accounting standard redefines the rules for operating leases.

October 31

Anthony DeStefano

Anthony DeStefano, CPA, LLC
Accounting standards

FASB updates accounting for VIE consolidation

The standards update aims to reduce the cost and complexity of variable interest entities, particularly for private companies.

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

October 31
Revenue recognition

For GE’s savior, earnings debut is haunted by same old problems

In Larry Culp’s first earnings day as CEO, the company revealed an expanded federal probe into its accounting.

October 31
Accounting standards

Deadline approaching for lease accounting changes

Companies are still behind schedule in getting ready for the impending standard, according to a new survey.

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

October 30
CAS

Boomr introduces Trusted Advisor program for accountants

Members get free Boomr account for life, as well as the ability to offer exclusive wholesale pricing to clients.

By Ranica Arrowsmith
Technology Editor

October 30

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.