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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CPA Ireland Signs Deal to Offer Accounting Certificate in Bangladesh

The Institute of Certified Public Accountants in Ireland and the Institute of Chartered Accountants of Bangladesh have signed a memorandum of understanding to provide an online CPA Certificate in IPSAS Financial Reporting in Bangladesh.

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

August 12
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FASB Moves to Work with More National Standard-Setters

Financial Accounting Standards Board chairman Russell Golden explained how FASB is working with both the International Accounting Standards Board and other national standard-setters, including China and Germany, as FASB moves past the convergence process.

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

August 10
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IASB Proposes to Postpone Joint Venture Standard

The International Accounting Standards Board is asking for feedback on a proposal Monday to postpone the date when entities need to change some aspects of how they account for transactions between investors and associates or joint ventures.

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

August 10
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FASB Proposes Changes in Accounting for Derivatives

The Financial Accounting Standards Board has released two proposed accounting standards updates related to derivatives and hedging.

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

August 7
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IAASB Proposes Changes in Reporting on Summary Financial Statements

The International Auditing and Assurance Standards Board has released an exposure draft proposing changes to how auditors should handle engagements reporting on summary financial statements.

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

August 3
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FASB Streamlines Accounting for Employee Benefit Plans

The Financial Accounting Standards Board has issued a three-part accounting standards update for employee benefit plans accounting as part of its efforts to simplify the accounting rules.

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

August 3
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The Once and Future FASB

Profs. Miller & Bahnson dive deep into the standard-setter in an all-new edition of a classic text

August 3

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.