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The Impact of AI on the Accounting Profession

CPA Practice

Cost accounting and inventory management: This includes standard cost systems, activity-based costing, and cost-volume-profit analysis, among others. Lean accounting: This is a management accounting approach that aligns with the principles of Lean manufacturing, including reducing waste and maximizing value.

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Grant Thornton Appoints New Leaders to Audit Quality & Risk Leadership Team

CPA Practice

In this role, Decker will be responsible for leading the firm’s various professional practices, including Accounting Principles, Independence, SEC Regulatory Matters and the Professional Practice Director group. Having joined Grant Thornton in 1997, Decker has more than 25 years of financial reporting, accounting and auditing experience.

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Friday Footnotes: New Managers Share Wisdom; KPMG Praised??; PwC Creeps Leave | 7.22.22

Going Concern

What new managers wish they’d known [ Journal of Accountancy ] “Having responsibility doesn’t mean I can’t be a little firm with my team. And on Reddit this week: Accounting Profession Has One of the Lowest Turnover Rates in the U.S. [ CPA Practice Advisor ] Accounting had the third-lowest average turnover rate (9.4

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Friday Footnotes: Looking Elsewhere For Talent; MPs Talk Private Equity Concerns; The Burnout Queen | 8.25.23

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. The accounting industry is in a state of transition. The influx of private equity, labor shortages, and remote/hybrid work have all impacted accounting firms to varying degrees.

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Why Should Skagit County Businesses Care About FASB and GAAP?

SkagitCountyTaxServices

Though it’s not the main thing I’ll be writing about today, I did want to point out this economic elephant in the room for my Mount Vernon business owner readers and clients, and not just speed on by and into my accounting geekery. It was started some 50 years ago as a successor to the Accounting Principles Board.

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Startup Accounting Guide: Everything You Need to Know in 2022

Accounting Seed

Target maximum revenue, growth, and profit with this in-depth startup accounting guide. If you fail to set up a robust and scalable accounting system from day one, your business will suffer from financial errors, poor planning, growing pains, and a high potential for failure. Challenges For Early-Stage Startups. Cash Or Accrual?