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.

AT Think The Spirit of Accounting: A tribute to Walter Schuetze

Special guest columnist Dr. Tom Selling remembers the extraordinary contributions of the former SEC chief accountant.

December 27

Paul B.W. Miller

University of Colorado and Colorado Springs
Tax-related court cases

The ‘one-man conspiracy’ statute

A High Court case examines what, exactly, ‘impeding or obstructing’ the IRS means.

By Roger Russell
Senior Editor

December 27
Tax preparers

Case Studies: Tax workflow in 2017

Two firms share their experience driving efficiencies in preparation and filing with software tools.

By Ranica Arrowsmith
Technology Editor

December 27
AT Think FRF for SMEs to the rescue?

The AICPA’s framework for financial reporting could save the audit.

December 26

Arthur J. Radin

Janover
AT Think Boomer’s Blueprint: Let the game come to you …

The pursuit of growth requires firms to adopt a different mindset.

December 25

L. Gary Boomer

Boomer Consulting Inc.
Accounting standards

Thomson Reuters provides guidance on financial instruments impairment

Thomson Reuters’ Checkpoint Catalyst research service has added guidance on the Financial Accounting Standards Board’s new impairment rules requiring companies to recognize estimated credit losses sooner.

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

December 21
Accounting standards

FASB posts 2018 GAAP and SEC taxonomies

The Financial Accounting Standards Board has made available the 2018 GAAP Financial Reporting Taxonomy along with the 2018 SEC Reporting Taxonomy, pending final acceptance by the Securities and Exchange Commission.

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

December 21

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.