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 5 ways to build a CPA empire in 2017

How a firm gets its first dollar will be very different from how it gets its first million.

May 12

Sabrina Parsons

Palo Alto Software
Accounting standards

SASB reconfigures board structure

The Sustainability Accounting Standards Board has overhauled its board structure, adding a nine-member SASB Standards Board, overseen by the SASB Foundation board of directors.

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

May 11
Accounting standards

Zuora to buy Leeyo for revenue recognition software

Zuora, a provider of subscription commerce, billing and finance systems, has signed a deal to acquire Leeyo Software, which helps companies automate their transition to the new revenue recognition standards.

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

May 10
Audit

ACCA recommends auditors be more skeptical

The Association of Chartered Certified Accountants has released a new report calling for more professional skepticism on the part of auditors.

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

May 10
Accounting standards

FASB offers guidance on share-based payments

The Financial Accounting Standards Board has released an accounting standards update containing guidance on which changes to the terms or conditions of a share-based payment award require companies to apply modification accounting.

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

May 10
Accounting standards

GASB offers implementation guides

The Governmental Accounting Standards Board released a pair of implementation guides with questions and answers explaining several GASB standards.

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

May 9
Accounting software

Gravity Software now offers revenue recognition module

The module is designed to help businesses accurately calculate revenue and expenses in the period it is earned.

By Ranica Arrowsmith
Technology Editor

May 9

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.