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.

Audit

PCAOB sanctions former Deloitte Brazil heads

The Public Company Accounting Oversight Board has disciplined the former chief executive officer and chairman of Deloitte’s Brazil firm for failing to cooperate with a PCAOB investigation.

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

March 29
AT Think Top challenges for implementing the new revenue recognition rules

As companies prepare for the new accounting standard that takes effect in 2018, there’s no shortage of apprehension among financial executives.

March 29

Dusty Stallings

PwC
Accounting software

New Products — April 2017

Cash flow tools, a guide to being a more profitable professional, a new entry in cloud accounting, and more software, hardware and books for accountants.

By Daniel Hood
Editor-in-chief

March 29
Small business accounting software

Case Studies: Online accounting

A decade ago, firms had very few options in cloud-based software. Today, there are a range of options for firms that serve individuals, large corporations, nonprofits and everything in between. Four firms share their experiences with the solutions they're using.

By Ranica Arrowsmith
Technology Editor

March 29
Expense management software

The expense reporting run-down

Our comparison guide lays out the best solutions for handling expenses side by side.

By Ted Needleman
Contributing editor

March 29
Strategic planning

CFOs spending more time as strategic advisors

More than a third of CFOs’ time is being spent as strategic advisors as they move beyond the traditional financial management role, according to a new survey by Grant Thornton.

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

March 28
Accounting standards

IRS proposes procedures for changing accounting methods for new revenue recognition standard

The Internal Revenue Service is proposing procedures for how a taxpayer can ask for automatic consent to change an accounting method in preparation for the Financial Accounting Standards Board’s new revenue recognition standard.

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

March 28

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.