accounting standards and management accounting

SMBs May Get More Time To Adopt New Accounting Standards

PYMNTS

JUNE 24, 2019

Financial regulators are considering allowing smaller businesses (SMBs) more time to comply with sweeping changes in lease accounting standards, which experts have said will place a significant burden as organizations work to comply with the requirements. We’ll ask you for input on this as well.”

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

Anders CPA

JANUARY 8, 2024

Jeanne Dee, CPA/CGMA, audit and assurance partner at Anders CPAs + Advisors (Anders), has been appointed to the Financial Accounting Standards Board (FASB) Not-for-Profit Advisory Committee (NAC) effective January 1, 2024. in Accounting from the University of Missouri – St. She holds a B.S.

Missouri

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FASB Private Company Council Meeting Recap

CPA Practice

APRIL 26, 2024

Scope Application of Profits Interest Awards: PCC members supported the amendments in Accounting Standards Update No. PCC members discussed various ways to educate stakeholders on this Accounting Standards Update.

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The Impact of AI on the Accounting Profession

CPA Practice

FEBRUARY 13, 2023

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

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5 Ways to Attract and Retain Talent in the Accounting and Finance Industry

Cherry Bekaert

MAY 3, 2024

Regarding new recruiting policies and practices in the above list, Crystal Cooke, Director of Diversity and Inclusion at the Accounting Institute of Certified Public Accountants (AICPA) & Chartered Institute of Management Accountants (CIMA), made an interesting point.

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AICPA News – Nov. 2023

CPA Practice

NOVEMBER 6, 2023

Herz also played an important role in the creation of the Value Reporting Foundation, which brought together the Sustainability Accounting Standards Board (SASB) Foundation, where he served from 2011 to 2017, and the International Integrated Reporting Council (IIRC).

Texas

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What is Managerial Accounting and How Does it Differ from Financial Accounting?

Snyder

MAY 27, 2022

Managerial accounting, also known as management accounting, involves identifying, measuring, interpreting, and communicating information to management to assist them in planning, decision-making, and risk management. How managerial accounting looks at data. Major tasks of managerial accounting.

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AICPA Calls On Fed For AR Financing Program

PYMNTS

APRIL 29, 2020

Accounts receivable at many businesses continue[s] to grow as their customers hold onto cash,” Jason Brodmerkel, CPA, AICPA senior manager, Accounting Standards, said in the announcement. Providing liquidity for accounts receivable would help encourage growth and investments in business.”.

Finance

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Friday Footnotes: Deloitte’s Naughty Workpapers; Audit Reform Critics; Clients Getting Dropped Like Mics | 3.4.22

Going Concern

MARCH 4, 2022

SEC Chief Accountant Lauds FASB for Engaging Investors, Stakeholders on Potential New Standards [ JD Supra ] Paul Munter, acting chief accountant for the SEC’s Office of the Chief Accountant, on Feb.

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Closing The Books, With An Eye On Process And Automation

PYMNTS

DECEMBER 16, 2016

In a survey conducted by the Institute of Management Accountants (IMA), and sponsored by Blackline, titled “Process Automation in Accounting and Finance,” examining the attitudes and concerns of 750 financial professionals surrounding accounting and month-end closing processes, manual activities remain prevalent — at the cost of time and money.

Technology

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Your Firm and Your AI Strategy

CPA Practice

JULY 27, 2023

Bookkeeping : Regular bookkeeping tasks such as data entry, managing accounts payable and receivable, and reconciling bank statements can be quite time-consuming, especially for larger clients with complex financial situations. This often involves research and training to ensure the firm and its clients are compliant.

Technology

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Consistent Financial Reporting for Small Businesses

inDinero Accounting

MAY 1, 2024

Compliance : Consistent financial reporting must comply with accounting standards, regulations, and laws. Accountability : Consistent financial reporting helps hold management accountable for the company’s financial performance.

Non-Profits

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Internal Audit Services for SEC Filers

Cherry Bekaert

APRIL 5, 2023

GAAP accounting standards. We help companies manage compliance risk, financial reporting risk and operational risk to help protect company assets, drive compliance and increase stakeholder confidence. We understand public company needs, including the delicate balance between growth and control.

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AI in Accounting: A Guide Written by Artificial Intelligence

Ryan Lazanis

APRIL 18, 2023

This can pave the way to new job opportunities and new learning in accounting operations and business processes as AI still needs human supervision and maintenance. AI can also help with document management, enabling auditors to easily locate and access relevant financial records and data.

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Online Accountants Forums: The 14 Best

Ryan Lazanis

JUNE 8, 2023

Realize’s community is somewhat equally divided between individuals managing accounting practices and those overseeing tax practices. The General Accounting sub-forum focuses on accounting-related discussions, providing a platform for members to share their expertise and seek advice from others in the field.

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Best Accounting Blogs: Finding a Great Blog for Accountants

Snyder

NOVEMBER 17, 2022

Why we love this blog: Accounting Today is a reliable source with 35 years of experience in the field. This magazine deals with all the crucial matters of accounting like tax preparation and tax law, bookkeeping and accounting standards, auditing, financial planning, wealth management, and the latest accounting technology.

Account

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