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

FASB proposes changes on debt classification and inventory disclosures

The Financial Accounting Standards Board has issued a pair of proposed accounting standards updates.

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

January 10
Tax reform

Repatriation strategies may be enhanced by the strengthening dollar

A one-year tax holiday for the more than $2 trillion parked overseas is clearly in the offing, experts say.

By Roger Russell
Senior Editor

January 10
AT Think A small world after all: International markets are ready and waiting

Accounting firms need to start exploring the global opportunities that are becoming available to them.

January 9

Gale Crosley

Crosley+Company
Audit

Malaysia's 1MDB appoints new auditor as global probes intensify

1Malaysia Development Bhd. has tapped Parker Randall almost a year after Deloitte LLP notified the state investment company that it planned to resign.

By Bloomberg News

January 9
Accounting standards

Outgoing SEC chair White: Keep on converging accounting standards

Mary Jo White urges FASB to continue efforts to harmonize U.S. GAAP with International Financial Reporting Standards.

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

January 6
Accounting standards

FASB clarifies business definition

The Financial Accounting Standards Board has released guidance aimed at clarifying the meaning of a “business” for purposes of the accounting rules.

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

January 6
Payroll

ADP finds private sector added 153,000 jobs in December

Employment gains slackened somewhat at the end of the year, and fell in certain production industries.

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

January 5

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.