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.

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FASB Proposes New Rules for Amortization of Debt Securities

The Financial Accounting Standards Board has proposed to amend the amortization period for callable debt securities that are purchased at a premium.

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

September 26
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The Spirit of Accounting

FASBs invitation to comment and the duh-preciation elephant

September 22
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Ex-Tesco Executives to Plead Not Guilty in Accounting Case

Three former Tesco Plc executives will plead not guilty to allegations of accounting fraud, their lawyers said as the men appeared in a London court for the first time since being charged.

September 22
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FASB Proposes Technical Corrections in Revenue Recognition Standard

The Financial Accounting Standards Board has proposed a set of technical corrections and improvements to its revenue recognition accounting standard.

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

September 20
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Three Ex-Tesco Executives Charged in U.K. Accounting Scandal

Three former Tesco Plc executives were charged with fraud and false accounting by the U.K. Serious Fraud Office, after a multi-million dollar shortfall discovered two years ago led to a criminal investigation of the grocers finances.

September 9
AT Think Encouraging Accounting Groups to Work Together

The International Federation of Accountants wants accountant organizations to partner together more widely and share their success stories and best practices.

September 9

Michael Cohn
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FASB Proposes Changes in Hedge Accounting Standards

The Financial Accounting Standards Board proposed improvements Thursday in the accounting guidance for hedging activities.

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

September 8

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.