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 updates accounting for nonprofit grants and contributions

The new guidance provides a stronger framework for deciding whether a contribution is conditional or unconditional.

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

June 21
AT Think Getting ready for the new lease accounting guidelines

Does your organization have an implementation plan and adequate system in place that will meet the new requirements?

June 21

John O'Rourke

OneStream Software
Professional development

ConvergenceCoaching names Spring Transformational Leadership Program graduates

The consulting firm recognized its most recent group of high-potential candidates who completed the one-year professional development program.

By Sean McCabe
Senior Editor

June 21
Accounting standards

Management accountants grapple with new standards

The changing revenue recognition and leasing rules are prompting various strategies to deal with them.

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

June 20
Accounting software

Bloomberg Tax offers revenue recognition technology

Bloomberg Tax has introduced an ASC 606 solution for its Advantage tax management system to help companies comply with the new revenue recognition standard.

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

June 20
Accounting standards

FASB updates accounting for share-based payments

The Financial Accounting Standards Board hopes to improve the financial reporting for stock compensation.

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

June 20
Audit

Big Four under attack as timid accounting regulator gets tough

The U.K. accounting watchdog is ramping up misconduct fines after being called useless and toothless by lawmakers irate at the failure of the accounting industry to prevent several high-profile corporate collapses.

June 19

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.