Salaries rising for management accountants
Accounting Today
DECEMBER 14, 2023
The Institute of Management Accountants reported increased salaries and job opportunities for Certified Management Accountants as opposed to those without certifications.
Sage Intacct – A Simple Solution for Not for Profits Struggling to Manage Accounting Processes
Cherry Bekaert
MAY 6, 2024
Not-for-profits (NFP) across the country often struggle with their accounting processes due to outdated software, spreadsheets and manual data entry. Sage Intacct, a cloud-based platform, can simplify accounting processes so not-for-profits can focus on the business of helping others.
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IMA sees role for AI in accounting
Accounting Today
APRIL 11, 2024
The Institute of Management Accountants is examining the possibilities of artificial intelligence in the accounting profession while undergoing staff cutbacks.
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Optimizing Financial Management through Outsourced Client Accounting Services
AccountingDepartment
MAY 16, 2024
Outsourced client accounting services play a crucial role in helping businesses take control of their financials. These services involve outsourcing the accounting and bookkeeping tasks to a third-party service provider, allowing businesses to focus on their core operations.
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How to Manage Accounts for Logistics Business Today
Insightful Accountant
JANUARY 19, 2023
To help out, PACK & SEND's Nicholas Woodward shares the seven best accounting practices for managing your accounts effectively. Everyone wants to streamline their logistics.
What's the Difference Between Cost Accounting and Management Accounting?
GrowthForceBlog
OCTOBER 14, 2021
Spoiler alert: Both cost accounting and management accounting are intended for internal use by business leaders. 5 min read. Smart leaders use it to improve organization operations and boost the bottom line.
Dual Certifications Mean Big Bucks for Accountants
CPA Practice
JANUARY 2, 2024
Accountants in the U.S. who earned the CMA and CPA designations make more than $38,000 than their noncertified counterparts, according to the 2023 Global Salary Survey from the Institute of Management Accountants (IMA). Accountants who are CPAs only earn a median base salary of $126,274, according to the survey.
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IMA certification aims to address accounting talent shortage
Accounting Today
DECEMBER 1, 2023
The Institute of Management Accountants is rolling out a new Financial and Managerial Accounting Associate certification that requires no prerequisites like a college degree.
Management accounting and sustainability
Martin Quinn
APRIL 5, 2021
Throughout my professional and academic career as a management accountant/teacher of same, the issue of sustainability has always been something with just made intuitive sense to me. The report focuses on the United Nations’ 17 Sustainable Development Goals (SDGs) and the role of management accounting.
Accounting Ranks First In Something Good For Once
Going Concern
JANUARY 16, 2024
It’s possible this is just clickbait and thinly veiled advertising for remote recruiters (*sweats nervously*) but according to CNBC Make It , “accountant” is “the number one in-demand remote job companies are hiring for.” Accountant is the hottest work-from-home job on the market right now.
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Outsourced Client Accounting Services: Streamlining Financial Management
AccountingDepartment
DECEMBER 21, 2023
Outsourced client accounting services play a crucial role in helping businesses take control of their financials. These services involve outsourcing the accounting and bookkeeping tasks to a third-party service provider, allowing businesses to focus on their core operations.
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IMA looks to rebuild accounting talent pipeline
Accounting Today
JANUARY 22, 2024
The Institute of Management Accountants is aiming to help businesses find more accounting talent in 2024, as demand for young people to succeed retiring accountants continues to grow, and organizations look for ways to incorporate artificial intelligence and sustainability into their operations.
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Nonprofit Chart of Accounts: Samples and How to Get Started
GrowthForceBlog
MARCH 26, 2024
Notably absent is the nonprofit chart of accounts. While this financial report is not required, maintaining a chart of accounts is highly beneficial to your organization, its management, its operation, and its oversight by the board of directors.
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Streamlining Financial Processes: The Impact of Client Accounting Services on Efficiency
AccountingDepartment
MARCH 28, 2024
However, managing tasks like invoicing, payroll management, and financial reporting can be time-consuming and complex, diverting valuable resources from core operations. This is where client accounting services come into play. By leveraging CAS, businesses can avoid the expense of hiring and training an in-house accounting team.
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5 Ways to Attract and Retain Talent in the Accounting and Finance Industry
Cherry Bekaert
MAY 3, 2024
Accounting and finance employment is projected to grow 4% from 2022 to 2032, with about 126,500 openings for accountants and auditors each year on average. 1 But attracting and retaining talent is proving difficult for several accounting recruiters and accounting talent acquisition specialists. retirement). retirement).
What Is Sage Intacct Accounting Software?
GrowthForceBlog
FEBRUARY 15, 2024
8 min read Accounting software is an essential tool in business operations. Plus, it's a powerful management accounting tool, providing reliable financial and management reports with up-to-date financial data designed to support data-driven decision-making.
10 Essential Project Management Principles for Accounting Firms
Going Concern
OCTOBER 5, 2023
Every accounting firm struggles with project management, with smaller practices that are rapidly expanding taking the brunt of the damage. As your firm adds new clients, takes on more work, and hires additional employees, old-school project management processes can quickly become obsolete. However, all is not lost!
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Melancon looks to build accounting pipeline amid tax changes
Accounting Today
FEBRUARY 1, 2024
American Institute of CPAs president and CEO Barry Melancon discussed the new tax extenders bill that's working its way through Congress, along with a variety of issues affecting the accounting profession, during a wide-ranging talk Thursday at the Accountants Club of America in New York.
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10 Critical Accounts Payable Strategies for All Businesses
Basis 365
NOVEMBER 30, 2023
One critical aspect is the management of accounts payable (AP). Effective accounts payable strategies not only streamline the payment process but also contribute significantly to better cash flow management. Make sure your accounting team is implementing as many of these as possible.
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Certified Management Accountant Certification: What Is It, and Should You Get It?
Patriot Software
AUGUST 19, 2022
Are you an accounting professional hungry for new accolades, knowledge, and ways to stand out from the competition? If so, you might be interested in getting your certified management accountant certification. You can expand your financial planning and strategic financial management skills through this CMA certification.
Tips and tricks for property investment accounting
Xero
JANUARY 30, 2024
Property investment accounting, or landlord accounting, manages your property portfolio assisting with tax compliance and return on investment. Know property investment accounting regulations and taxes To swim well, you need to know the strokes, and how to navigate the water.
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Tips for Startup Accounting
Withum
SEPTEMBER 6, 2022
The accounting department’s staffing and sophistication now require an investment to accommodate these challenges. Scaling the Accounting Department. What used to be a process managed through a single credit card and bank account, which were reconciled with minimal time and resources, has now become an overwhelming monthly task.
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AICPA & CIMA Launch AI-Guided Tool for Students Pursuing Careers in Accounting and Finance
CPA Practice
SEPTEMBER 25, 2023
AICPA & CIMA, which together form the Association of International Certified Professional Accountants, are rolling out Career Launchpad , an artificial intelligence-guided program for students interested in accounting and finance. Students receive real-time feedback, also driven by AI, to refine performance and boost confidence.
What to include in the preparation of monthly management accounts?
Wellers Accounting
FEBRUARY 24, 2022
Joe Lennon FCCA highlights the different reporting elements and benefits of management accounts.
What is Managerial Accounting and How Does it Differ from Financial Accounting?
Snyder
MAY 27, 2022
When starting a business, all the paperwork and accounting may seem daunting. No matter how large or small your business is, managerial accounting will help you gain profit. This type of accounting aims mainly at forecasting and long-term business decisions and is used to ensure your company’s financial health. Contents: 1.
Accounting Firms Saw 9.1% Median Growth in Revenue in 2022
CPA Practice
OCTOBER 11, 2023
Public accounting firms in the United States reported strong top-line and bottom-line growth in their latest fiscal year results, driven by high demand for their services, according to a survey by the American Institute of CPAs and the Chartered Institute of Management Accountants. That rate eclipses the 4.2%
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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. Here’s what it came up with.
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Accounting MOVE Project Mini Summit Promises Compelling Speakers and Timely Topics
CPA Practice
APRIL 25, 2024
To kick off the 2024 Project and address the pressing challenges of recruiting, retaining, and promoting women in the accounting profession, the Accounting MOVE Project is thrilled to announce its upcoming MOVE Mini Summit. The Accounting MOVE Project is based on the MOVE methodology, developed by Wilson-Taylor Associates, Inc.,
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Here’s the Projected Pay Range for Seven Accounting and Tax Roles in 2024
CPA Practice
SEPTEMBER 13, 2023
Salaries for an accountant are expected to range, depending on experience, from $57,719 to $104,788 in 2024, as the balance of power tilts slightly back toward employers with the Great Resignation winding down , according to the 2024 Salary Guide from staffing agency Randstad USA.
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Accountant Vs. Controller: What's the difference?
Basis 365
FEBRUARY 1, 2023
Structuring your accounting infrastructure can be daunting, no matter how big or successful your company is. Companies often ask about the differences between accountants and controllers. Although the roles are different, they are integral to any accounting team. What is an accountant? What is a Controller?
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Trucking Tax & Accounting by Mike Habib, EA Los Angeles, CA
MyIRSRelief
MARCH 15, 2023
Tax professionals, such as certified public accountants (CPAs), EAs enrolled agents and tax attorneys, can help you navigate the complex tax laws and negotiate with the IRS on your behalf. Accounting & Bookkeeping is one of the most critical aspects of running a successful business, especially in the trucking industry.
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The Power of AI for Accountants
Accounting Insight
APRIL 3, 2024
Artificial Intelligence (AI) has certainly made its mark across a number of industries and the accountancy & finance sector is no stranger to the rapid advancements taking place. If used responsibly, AI serves as a powerful tool to aid Accountants, streamline their workload, improve accuracy and help them work smarter. What is AI?
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Evolving through uncertainty: Opportunities and challenges for accountants
Accounting Today
MAY 7, 2024
At the BDO Alliance's Evolve conference, leaders in the profession lay out the highs and the lows of the current moment.
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Young Accounting Professionals Are Leaving Their Jobs at a Higher Clip
CPA Practice
OCTOBER 20, 2023
Accounting and finance professionals in the U.S. are leaving their jobs at a significant rate, with millennials and Generation Z leading the exodus, according to a new report from the Institute of Management Accountants (IMA) and staffing firm Robert Half. More than one in 10 accountants in the U.S.
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How to Effectively Audit Accounts Payable
MineralTree
NOVEMBER 2, 2023
Accounts payable is a foundational function that ensures organizations maintain accurate invoices, payments, and vendor relationships, while making bill payments on time. However, amidst today’s rapid and intricate business transactions, particularly in high volumes, managing accounts payable processes can pose significant challenges.
AICPA Engage Conference Draws 3,500 Accounting Pros for Education, Networking
CPA Practice
JUNE 5, 2023
More than 3,500 accounting, tax and financial professionals convened in Las Vegas this week for the 2023 AICPA/CIMA Engage Conference, the largest annual educational and network event hosted by the American Institute of CPAs and the Chartered Institute of Management Accountants.
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Specializing an Accounting Business: What and How?
PANALITIX
MAY 31, 2021
Specializing an Accounting Business: . Accountants are increasingly specializing in response to the commoditization of ‘traditional’ accounting services. Accountants are increasingly specializing in response to the commoditization of ‘traditional’ accounting services. Management accounting.
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The ABCs of AI in accounting
Accounting Insight
NOVEMBER 13, 2023
This is particularly true of accountancy professionals, who have been freed up to work smarter and get more done with their newfound time, instead of spending hours completing manual tasks. To understand how to make the most of AI in accounting , it’s best to go back to basics.
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Accounting Top 100 Social Media Leaderboard – Jan. 18, 2023
CPA Practice
JANUARY 24, 2023
We are proud that Avalara’s Accounting Top 100 social media leaderboard is made up of a diverse group of accounting industry professionals. In addition to overseeing the firm’s Managed Accounting arm, Jason refers to himself as an entrepreneur and creator.
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Your Bottom Line Is Taking The Hit. Is It Poorly Managed Accounts Payable?
GrowthForceBlog
AUGUST 9, 2021
You know by now that accounts payable is more than just “paying the bills”. 6 min read.
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3 Accounting Strategies to Implement to Position Your Business for Success
Basis 365
OCTOBER 5, 2022
However, you can implement these three accounting strategies to position your company for long-term financial success. Allocate your time wisely You have some control over your accounting decisions. Managed Accounting might answer your question, "How can I save more time?" Who cares more about your company than you?
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How firms can create inclusive workplaces to retain LGBTQ+ accountants
ThomsonReuters
JUNE 9, 2023
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.
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147 Cloud Accounting Software Apps: The Big List
Ryan Lazanis
SEPTEMBER 1, 2023
If you want to see the best cloud accounting software apps all in one place, then you’ll LOVE this ultimate list. In it, I’ll be sharing 147 of the best cloud accounting software apps on the market. Each item in the list will contain a brief description and will focus on how you can level up your accounting automation.
New AICPA Chair Looks to Foster Innovation and Support Next Generation of Accounting Professionals
CPA Practice
MAY 24, 2023
He also will serve as chair of the Association of International Certified Professional Accountants, which combines the strengths of the AICPA and the Chartered Institute of Management Accountants (CIMA). There will be an increased focus on data and technology concepts in all exam sections.” The profession needs you.
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