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.

IFRS

IASB finishes revising conceptual framework

The International Accounting Standards Board is changing the underpinnings of International Financial Reporting Standards.

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

March 29
International accounting

ACCA signs pact with DFK International

The Association of Chartered Certified Accountants is partnering with an association of independent accounting firms to strengthen the global talent pool.

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

March 21
AT Think Key considerations and potential pitfalls in accounting firm M&A transactions

The wrong partner dynamics can torpedo (or at least slow down) a deal.

March 20

Russell Shapiro

Levenfeld Pearlstein LLC
Revenue recognition

Mixed results seen in early revenue recognition standards implementation

Businesses that were early adopters of the new rules have been running into some issues with regulators and investors.

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

March 20
Accounting standards

Companies still unprepared for leasing standard

FASB's recent move to make implementation easier isn't persuading accountants it will save them any time or effort.

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

March 19
Accounting standards

SEC OKs 2018 reporting taxonomies

The Securities and Exchange Commission has accepted the latest sets of XBRL tags for financial filing.

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

March 19
AT Think Job disruption is quickly coming to accounting, too

Fast-changing technologies are creating a labor conundrum for the profession.

March 19

Amy Pitter

Massachusetts Society of CPAs

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.