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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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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).

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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.

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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. I’m excited to get started! She holds a B.S.

Missouri

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AI in Accounting: A Guide Written by Artificial Intelligence

Ryan Lazanis

APRIL 18, 2023

Artificial intelligence in accounting is currently transforming the industry. Table of Contents What is AI in Accounting? Can AI Replace Accountants? Benefits of Artificial Intelligence How is AI Used in Accounting? In fact, ChatGPT wrote the above description: Can AI Replace Accountants?

Account

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FASB Private Company Council Meeting Recap

CPA Practice

APRIL 26, 2024

Accounting for and Disclosures of Software Costs: FASB staff provided PCC members with an update on the project, including the Board’s recent decision to pursue targeted improvements to Subtopic 350-40, Intangibles—Goodwill and Other—Internal-Use Software.

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Best Accounting Blogs: Finding a Great Blog for Accountants

Snyder

NOVEMBER 17, 2022

Accountancy firmly belongs to the financial sector but it also shares a lot of key features with the service industry. No one can be an expert in all those areas, that’s why finding a helpful blog for accountants is such a great idea. So let’s begin our journey to the land of accountancy! Accountants, bookkeepers, and CPA’s.

Account

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AICPA News – Nov. 2023

CPA Practice

NOVEMBER 6, 2023

AICPA News is a round-up of recent announcements from the American Institute of Certified Public Accountants. The program allows UMCS students to kickstart their careers by developing their accounting, finance, and business skills and earning prestigious professional qualifications alongside their university studies.

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Consistent Financial Reporting for Small Businesses

inDinero Accounting

MAY 1, 2024

No matter how big or small your business is, whether you do your own bookkeeping or you have an entire accounting team, there are three financial reports that all entrepreneurs must know like the back of their hands. Compliance : Consistent financial reporting must comply with accounting standards, regulations, and laws.

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AICPA Calls On Fed For AR Financing Program

PYMNTS

APRIL 29, 2020

To provide immediate cash flow for small- to medium-sized businesses (SMBs), the American Institute of CPAs (AICPA) is asking for the Federal Reserve to make a short-term accounts receivable (AR) lending facility that is federally backed, according to an announcement.

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

Pandemic has exacerbated tax-season anxiety, accountant says [ Global News ] No s**t? 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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Your Firm and Your AI Strategy

CPA Practice

JULY 27, 2023

How can AI make you a more effective and efficient accountant? Likewise, if you have an active CAS (Client Accounting Services) practice, consider what AI could do for you and your clients in this area. This can take a significant amount of time but is essential to stay updated on the latest accounting standards and practices.

Technology

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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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Internal Audit Services for SEC Filers

Cherry Bekaert

APRIL 5, 2023

Accounting, Compliance and Internal Control Solutions for Current and Prospective SEC Filers Our Risk Advisory Services practice helps organizations comply with SEC financial reporting, internal control and corporate governance requirements to deliver value and build resilience through effective Internal Audit services.

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Online Accountants Forums: The 14 Best

Ryan Lazanis

JUNE 8, 2023

Online accountant forums can be a valuable resource for accounting professionals looking to expand their knowledge, connect with peers, and stay up-to-date on industry trends. In this post, we’ll explore the benefits of participating in online forums for accountants and enumerate which ones are worth joining.

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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.

Account

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