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AICPA News – July 2023

CPA Practice

AICPA & CIMA update Global Management Accounting Principles to reflect new era of digital acceleration and ESG The Association of International Certified Professional Accountants, representing AICPA & CIMA, recently released a new edition of their Global Management Accounting Principles (GMAP).

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Jeanne Dee Appointed to FASB Not-for-Profit Advisory Committee

Anders CPA

As a leader on standards and regulations of the accountancy profession at the local, state and national level, Jeanne is knowledgeable and skilled in researching accounting principles and new or changing audit standards and is a frequent author and speaker on these topics. in Accounting from the University of Missouri – St.

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Accountant Vs. Controller: What's the difference?

Basis 365

Accountant Vs. Controller Controllers and accountants often share the same responsibilities and roles. A controller, however, is the more senior position responsible for managing accounting-related activities within the company. Candidates must hold a CPA license to be eligible for higher-ranking accountant positions.

Account 97
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10 Essential Project Management Principles for Accounting Firms

Going Concern

Legend has it… As we explored the accounting myths of old, we stumbled onto an ancient tome—the EAAP (Eternally Accepted Accounting Principles.) It was there we discovered this relevant tale: In the days before project management, Accountant was overwrought with anguish.

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The Impact of AI on the Accounting Profession

CPA Practice

Cost accounting and inventory management: This includes standard cost systems, activity-based costing, and cost-volume-profit analysis, among others. It’s essential for companies to effectively manage their inventory costs and control the manufacturing process.

Account 140
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How firms can create inclusive workplaces to retain LGBTQ+ accountants

ThomsonReuters

The accounting industry is seeing significant attrition among LGBTQ+ professionals Research commissioned by the Institute of Management Accountants (IMA), the California Society of CPAs (CalCPA), and the International Federation of Accountants (IFAC) revealed a surprising number of LGBTQ+ accountants are leaving their profession.

Account 98
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Optimizing your accounts payable workflow process

ThomsonReuters

Separate AP and AR duties The segregation of accounts payable and accounts receivable is considered a fundamental accounting principle and reduces the risk of fraud. How to manage accounts payable effectively An accountant’s hands are often full with the day-to-day work that keeps your practice running.