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 software

Bloomberg Tax releases leased assets system

Bloomberg Tax has introduced a leased assets application to help organizations comply with the Financial Accounting Standards Board’s new leasing standard.

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

September 21
Accounting

Herbein founder dies

Carl Herbein, who founded his Pennsylvania firm in 1972, was 71.

By Daniel Hood
Editor-in-chief

September 19
AT Think Three hidden real estate lease accounting challenges

Many companies are finding the transition to the new accounting standards to be trickier than expected.

September 19

Scott Silver

LeaseAccelerator
Government accounting

Thomson Reuters releases government tax management platform

The software provides a suite of tools to manage land information and tax revenue management.

By Ranica Arrowsmith
Technology Editor

September 18
Tax fraud

Prep talks: Reassuring clients about crooked preparers

Tax pros share how they handle concerns about preparer fraud.

By Jeff Stimpson
Freelance writer

September 18
AT Think 'Divinely discontent' clients

Your clients will never be satisfied, and that’s a good thing.

September 18

Kyle Walters

L&H CPAs and Advisors
Accounting firm networks

Deloitte sees record global revenue of $43.2B in FY2018

The Big Four firm posted $43.2 billion for FY2018, an 11.3 percent increase.

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

September 18

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.