Going Concern

APRIL 24, 2023

As aspiring lawyers everywhere learned with horror that GPT-4 is capable of passing the bar exam (in the 90th percentile of test-takers, no less) a whole bunch of academics were not-so-quietly putting GPT-3 to the test on accounting. We also discuss implications for accounting education and research. TL;DR Not great, Bob.

Account 111

Account accountant accounted Education 111

CPA Practice

MAY 25, 2023

The Illinois CPA Society (ICPAS) has presented its Outstanding Educator Award to two Illinois accounting faculty as part of its 2023 awards program. Accounting educators are instrumental in stewarding the next generation of leaders into the profession,” says Geoffrey Brown, CAE, president and CEO. Madeline K. Trimble, Ph.D.,

Illinois 52

Illinois CPA intermediate accounting managerial accounting 52

CPA Practice

OCTOBER 17, 2023

Unlike contributions to traditional retirement accounts such as a 401(k) or IRA, the funds you pay into Social Security are not tax-exempt or tax-deductible on your annual tax return. B hairavi Parikh, CPA, is a fractional CFO and consulting controller for Analytix Solutions.

Tax 115

Tax Account accountant accounted 115

CPA Practice

AUGUST 11, 2023

Most small businesses lack the capacity for a financial planning and analysis (FP&A) function, but that doesn’t mean they can’t build analytical and strategic value from their accounting resources. Often, an accountant or controller dedicates a portion of their time to budgeting and modeling – at best.

Account 52

Account accountant accounted managerial accounting 52

xendoo

OCTOBER 20, 2021

Should you focus on growing your core business or continue to focus on the administrative side, like managing your accounting and bookkeeping needs? Outsource accounting services can help you stay up-to-date on your books, compliant with regulations, and firmly in control of your company’s financial future. Forensic accounting.

Account 98

Account accountant accounted bookkeeping 98

CPA Practice

NOVEMBER 29, 2023

The Institute of Management Accountants (IMA) launched a new certification on Nov. 29 focused on foundational financial and managerial accounting knowledge. With its accessibility to all business professionals, regardless of educational background, the FMAA is the perfect entry point into the accounting and finance profession.

managerial accounting 52

managerial accounting cma accounting and finance financial statements 52

Wendy Tietz

APRIL 13, 2022

Looking for a quick data analytics exercise for introductory managerial accounting? You can give your students the link for this job cost analysis dashboard and then ask a series of questions.

managerial accounting 52

managerial accounting Account accountant accounted 52

Wendy Tietz

AUGUST 4, 2022

In the United Stated, accountants have a variety of certifications from which to choose to enhance their skill sets and further their career prospects.

accounting certifications 40

accounting certifications cma Account accountant 40

PYMNTS

NOVEMBER 26, 2018

It’s common sense that a corporation would want its C-Suite to have some knowledge of accounting practices, and one could assume that a lack of understanding of corporate accounting may heighten the risk for misstatements on financial reports. ” Below, PYMNTS breaks down some of the key data points from the research.

auditor 51

auditor managerial accounting Account accountant 51

CPA Practice

DECEMBER 13, 2023

Offer Business Performance Insights Business owners that use external tax preparation services often do not have in-house managerial accounting expertise. Becoming a true advisor to your clients requires expertise in bookkeeping, accounting, controller leadership, financial analysis, and even c-suite leadership.

Tax 105

Tax tax preparation managerial accounting bookkeeping 105

xendoo

AUGUST 2, 2021

How much is your business currently spending on accounting costs? Bureau of Labor Statistics, though in 2017, the Journal of Accountancy claimed that the average salary for a CPA was $119,000 per year, which translates into roughly $60 per hour. Additionally, what accountants charge is often based on their experience or specialization.

CPA 88

CPA forensic accounting bookkeeping tax preparation 88

xendoo

AUGUST 2, 2023

When you first started your company, it might have made sense to try to handle your own bookkeeping and accounting needs. Why not rely on an online accounting service to take these tasks off your plate so you can focus on your business? In addition, virtual accounting services can help you to manage your inventory.

bookkeeping 52

bookkeeping bookkeeping services online accounting tax preparation 52

xendoo

AUGUST 2, 2021

When you first started your company, it might have made sense to try to handle your own bookkeeping and accounting needs. Why not rely on an online accounting service to take these tasks off your plate so you can focus on your business? . Forensic accounting. Managerial accounting. After all, it kept costs down.

bookkeeping 93

bookkeeping bookkeeping services tax preparation online accounting 93

Wendy Tietz

MARCH 25, 2022

Just posted this project on the other blog I co-author, Accounting Is Analytics. I am really excited about this project – it introduces accounting students to basic data cleaning and analytics concepts using Excel. Read on for how to request this first beginning level project that uses Excel for data cleaning and analytics.

Account 52

Account accountant accounted managerial accounting 52

Wendy Tietz

APRIL 28, 2022

Looking for a quick data analytics exercise for financial statement analysis in an introductory accounting class? You can give your students the link for this financial statement analysis dashboard and then ask a series of questions.

financial statements 52

financial statements Account accountant accounted 52

Wendy Tietz

DECEMBER 3, 2022

Below are links to a crossword puzzle to review financial statement analysis concepts in financial accounting – and links to a word search puzzle to review the same concepts. I figured many of us are heading into the financial statement analysis chapter right now, so I thought I would share these puzzles I created for […].

financial statements 40

financial statements financial accounting Account accountant 40

Wendy Tietz

SEPTEMBER 26, 2022

The Akron chapter of the Institute of Management Accountants (IMA) is sponsoring a webinar on white-collar crime – “Low Man on the Totem Pole – How I Became a White-Collar Criminal.” The webinar is on Wednesday, October 19, 2022, from 6:30 – 8 pm Eastern. Registration is at this link. I cannot emphasize enough what […].

management accounting 40

management accounting management accounts Account accountant 40

Wendy Tietz

JULY 18, 2022

I have developed a case that is suitable for introductory accounting that uses just Google Sheets – and I provide step-by-step tutorial videos, making it […]. Do your students use Google Sheets? Want a ready-made project for your class that uses Google Sheets for data cleaning and visualization?

Account 40

Account accountant accounted managerial accounting 40

Snyder

MARCH 14, 2023

Now, it’s kind of difficult to predict where you’ll end up but there are certain jobs that’ll always be in demand, in particular accounting jobs. In the following article, you’ll find out why the accounting field is worth pursuing and which jobs are in demand with some of the highest salaries across the industries.

accounting jobs 52

accounting jobs accountant jobs accounts jobs managerial accounting 52

Wendy Tietz

OCTOBER 10, 2022

Subway, the fast-food restaurant franchise, came out with a promotion offering two footlong subs for $10 during the early days of the Covid-19 pandemic as a way to drive traffic to its restaurants. Franchise owners were not happy with the promotion, claiming they lost money on every sub sold. Assume that the costs related to […].

managerial accounting 52

managerial accounting Account accountant accounted 52

Wendy Tietz

SEPTEMBER 28, 2022

Haribo has manufactured gummy bears since 1920. Those bears are currently made in 16 plants around the world. Starting in late 2022 or early 2023, those gummy bears will also be made in the US when Haribo finishes construction on its new plant in Pleasant Prairie, Wisconsin. Worldwide, about 100 million gummy bears are made […].

Manufacturing 52

Manufacturing Wisconsin Construction managerial accounting 52

Wendy Tietz

SEPTEMBER 15, 2022

Smucker Company (Smuckers) issued a voluntary recall in 2022 for several Jif peanut butter products manufactured in its Lexington, Kentucky, manufacturing facility. Jif peanut butter products were potentially linked to a multistate outbreak of Salmonella. Salmonella is an organism that cause serious and sometimes fatal infections in people.

Kentucky 52

Kentucky Manufacturing managerial accounting Account 52

Wendy Tietz

SEPTEMBER 6, 2022

sweetFrog is a frozen yogurt restaurant franchise with over 300 locations in the United States and several more international locations. Customers select the flavor of frozen yogurt they want and fill their cup from the self-serve machine with the desired amount of the frozen yogurt.

managerial accounting 52

managerial accounting Account accountant accounted 52

Wendy Tietz

AUGUST 15, 2022

The first Dunkin’ restaurant opened in 1948 in Quincy, Massachusetts, and is still in operation today. The recipe for Dunkin’ donuts has been a secret for 65 years. To see how Dunkin’ donuts are made, see the video at [link] (0:43 min.). The Dunkin’ donuts at a restaurant are not usually made at that location. […].

Massachusetts 52

Massachusetts managerial accounting Account accountant 52

Wendy Tietz

AUGUST 10, 2022

Dussel Farm Feed Store is a family owned and operated farm and store that has been in the Dussel family since 1948. It grows and sells a wide variety of produce, including vegetables and fruits. In addition to the produce, Dussel operates a feed store. Each year, it plants a variety of vegetables, such as […].

managerial accounting 52

managerial accounting Account accountant accounted 52

Wendy Tietz

APRIL 7, 2022

The cost of avocados is rising. For example, the price of a 20-pound box of avocados from the state of Avocado prices from Michoacán state in Mexico has jumped to $38 from $21, which is an 81% increase. The current price of avocados is the highest price on record in data that goes back to […].

managerial accounting 52

managerial accounting accounting standards Account accountant 52

Wendy Tietz

NOVEMBER 11, 2022

Ford Motor Company (FORD) sales jumped 31.5 % during June 2022 in the United States as compared to the prior month. Sales of Ford’s F-series trucks and the Explorer, Expedition, and Navigator SUV models drove the sales growth. According to a Bloomberg article (link) earlier this year, the F-150 Series product line is Ford’s most […].

Sales 40

Sales managerial accounting Account accountant 40

Wendy Tietz

MARCH 28, 2022

Earlier today, I shared a new blog post (How does Amazon’s stock split impact its stockholders’ equity? In this blog post, I experimented with a new blog post format. I started with the story about Amazon’s stock split as I have done in the past. Next, however, I included a short explanatory video about […].

managerial accounting 52

managerial accounting financial accounting Account accountant 52

Wendy Tietz

NOVEMBER 1, 2022

American Airlines Group (AAL), the world’s biggest airline, posted a loss in the first quarter of 2022, but expects to return to profitability as early as the second quarter of 2022. Despite the large profit, airlines have been experiencing a large increase in the cost of oil. The price of oil has risen during 2022; […].

managerial accounting 10

managerial accounting Account accountant accounted 10