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

EITF reaches consensus on accounting for cloud computing costs

The Financial Accounting Standards Board’s Emerging Issues Task Force has made decisions on some new rules.

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

June 15
AT Think A refined approach to inventory valuation

Limited guidance from the IRS and accounting standard-setting bodies has led to a divergence in interpretation and practice for inventory valuation within the scope of business combinations.

June 15

Anthony Pumphrey

Valuation Research Corporation
AT Think Reports of Excel's death are greatly exaggerated

Based on a flawed 1998 study, the war on spreadsheets continues unabated.

June 15

Mike Whitmire

FloQast
Recruiting

Dobek: Making the move to 21st century recruiting

Accounting firms need to do more than just post in job boards.

By Daniel Hood
Editor-in-chief

June 13
Practice management

Koziel: The profession needs to disrupt itself

Accountants must adapt to change before they’re forced to, says the AICPA VP.

By Daniel Hood
Editor-in-chief

June 13
Business development

In no small trick, Tony Hawk’s accountant keeps him grounded

The pro skateboarder has defined his career by taking risks, and he championed a similar business strategy during his keynote address at the AICPA Engage conference in Las Vegas.

By Danielle Lee
Editor-in-Chief

June 13
AT Think Ready or not, IFRS 9 is here for derivatives

The financial instruments standard requires a new kind of calculation that is proving disruptive.

June 13

Sandra Koch

Hedge Trackers

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.