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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Less than 10% of Companies Ready for New Lease Accounting Standards

Only 9.8 percent of financial and accounting professionals say their companies are prepared to comply with the new lease accounting standards, according to a new survey by Deloitte.

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

June 6
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FASAB Proposes Changes in Accounting for Tax Expenditures

The Federal Accounting Standards Advisory Board is proposing changes in how the federal government accounts for tax expenditures.

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

June 3
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The Spirit of Accounting

Encore: Tax inverters evaders or avoiders?

May 27
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Alibaba Undergoing SEC Investigation over Accounting Practices

Alibaba Group Holding Ltd. said its being investigated by the U.S. Securities and Exchange Commission over its accounting practices and whether they violate federal laws.

May 25
AT Think Financial Accounting Foundation Releases Annual Report

The Financial Accounting Foundation posted its 2015 Annual Report to its website Thursday.

May 19

Michael Cohn
AT Think Lease Accounting Standard Will Require Client Training

The leasing standard that the Financial Accounting Standards Board released in February is going to require some extra training for businesses from their accountants and could lead to some re-evaluations of clients leasing obligations.

May 17

Michael Cohn
Audit

FASB Proposes to Streamline Goodwill Impairment Tests

The Financial Accounting Standards Board is proposing to simplify the test for goodwill impairment for public companies and nonprofits similar to recent accommodations it made for private companies.

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

May 13

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.