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How advancements in technology can impact your firm’s profitability

ThomsonReuters

The industry is already seeing a trend toward client service expanding beyond the scope of tax reporting to stakeholder reporting, tax optimization advice, and business performance analysis. This next frontier of advisory-centric, value-based accounting practices is going to redefine client relationships and the way projects are executed.

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Tools, technology, and training aid accounting staffing challenges

ThomsonReuters

Senior and management-level professionals are opting for earlier retirement or seeking alternative employment in other industries with fewer hours and restrictions on working locations. While the solutions are the same, the size of your firm can impact the rate at which you adopt these solutions in your strategy.

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Navigating the maze of audit compliance

ThomsonReuters

In this blog post, we’ll provide some tips on how to ensure your firm is audit compliant and up to date with the latest industry changes. One way to achieve this is by utilizing an i ntegrated online solution to manage all types of engagements. In doing so, firms can be certain their audits are completed accurately and quickly.

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What accounting advisory services should firms offer?

ThomsonReuters

To price accounting advisory services appropriately, you must define the scope of work at the beginning of the project and ensure the client knows what is included and what will cost extra. Consider writing regular blogs or offering your unique insights on social media or by hosting a webinar.

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Accounting advisory: What you need to know

ThomsonReuters

Typically, accounting advisory is a long-term collaborative relationship over an extended period of time (often many years), while consultants come on board for short-term projects (usually 12 months or less) and provide specific recommendations which are then carried out by the client. What’s the best way to work together (i.e.,

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

Snyder

Difference #3 is about Scope. 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. Difference #2 is laid in the Outlook of these two types of accounting.

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Exploratory Testing in Agile Development and Scrum

Withum

If not, please visit my previous blog , where I have explained the method in detail. Most of us are moving into Agile implementation , and in this blog, you will learn how Scrum goes perfectly hand-in-hand with Exploratory Testing. There are more considerations to understand the scope of the feature: What has been built?