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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What’s the Haircut? Determining the Fair Value of Deferred Revenue

There are a number of challenges when it comes to the valuation of deferred revenue, including the impact of the new accounting rules on revenue recognition.

September 30
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Sustainability Accounting Standards Released for Transportation Sector

The Sustainability Accounting Standards Board has released a set of provisional standards for companies in the transportation sector.

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

September 24
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PCAOB Issues Alert on Going Concern Considerations for Auditors

The Public Company Accounting Oversight Board has released a Staff Audit Practice Alert to remind auditors to continue to follow the existing PCAOB standards when they are considering a company's ability to continue as a going concern.

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

September 22
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Public Sector Financial Reporting Framework Approved

The International Public Sector Accounting Standards Board has approved its Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities.

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

September 19
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Private Companies May Get Exemption on Accounting for Intangible Assets

The Private Company Council, the standard-setter for privately held companies, voted Tuesday to finalize an alternative that would exempt private companies from separately recognizing and measuring non-competition agreements and customer-related intangible assets that are not capable of being sold or licensed independently in a business combination.

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

September 16
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Hard to Believe, but Financial Reporting Became a Little Simpler

Im a CPA, and Im here to tell you financial reporting became simpler and easier to use in two significant areas.

September 9
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Credit Unions Worried about FASB Credit Loss Proposal

A trade group representing credit unions is expressing concerns over upcoming standards from the Financial Accounting Standards Board on credit losses.

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

September 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.