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 reform

A Tax Cuts and Jobs Act checklist for 2019

Major tax reform changes that practitioners and taxpayers should keep an eye out for during filing season.

By Mark A. Luscombe
Principal Federal Tax Analyst

December 18
Accounting standards

FASB posts 2019 GAAP and SEC taxonomies

The Financial Accounting Standards Board has made available the 2019 GAAP Financial Reporting Taxonomy and the 2019 SEC Reporting Taxonomy.

By Sean McCabe
Senior Editor

December 18
International accounting

Big Four face major overhaul in U.K.

Regulators’ proposals fall short of requiring full breakup, but would separate audit operationally.

December 18
Accounting students

AICPA accepting 2019 'Leadership Workshop' applicants

The American Institute of CPAs' annual program invites minority accounting students to bolster their skills and network with other CPA hopefuls.

By Sean McCabe
Senior Editor

December 18
Certifications and licensing

Cool for school: Credentials that appeal to tax preparers

Practitioners share which designations they’re pursuing – and which their clients value.

By Jeff Stimpson
Freelance writer

December 18
Better every day The mark of an educated mind

When you challenge traditional thinking and open your mind to new perspectives, positive change will follow.

December 17

Darren Root

Rightworks
Accounting software

Chargify acquires rev rec reporting tool ProRata

The SaaS-focused reporting and analytics platform automates ASC 606 and IFRS 15 compliant recognition.

By Danielle Lee
Editor-in-Chief

December 14

Resources

The latest Accounting Today research and discussion:

Beyond the Buzz: Moving from AI Hype to Meaningful Impact

Weaving AI into client records, workflows, documents, and billing allows accounting firms increase to by offering client accounting services. Learn why an integrated platform outperforms standalone accounting solutions.

Partner Insights from Canopy
Beyond Research: Unlocking Hidden Value from AI

Generative AI adoption among accounting firms doubled in just one year. But many firms are barely scratching the surface, using AI primarily for tax research rather than to reimagine workflows

Partner Insights from Thomson Reuters
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

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.