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Financial Accounting Standards Board and the Accounting Standards Board of Japan Hold Bilateral Meeting

CPA Practice

The meeting was the thirty-fifth in a series of meetings between the FASB and the ASBJ to further the boards’ cooperative efforts to develop high-quality global accounting standards.

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Understanding Cash vs. Accrual Accounting

Withum

When it comes to accounting methods, businesses primarily choose between two approaches: cash basis accounting and accrual basis accounting. Understanding the key differences between cash vs. accrual accounting is essential as this decision impacts financial reporting, cash flow management and long-term planning.

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Optimism declines among accountants

Accounting Today

accountants who advise small and midsized businesses are feeling less confident this year, according to a new survey. Between January and April, the net sentiment among accountants swung from a positive 19% to a negative 39%. All rights reserved. EDT 3 Min Read Facebook Twitter LinkedIn Email U.S.

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Accounting is changing, and the world can't wait until 2026

Accounting Today

EDT 3 Min Read Facebook Twitter LinkedIn Email The accountant the world urgently needs has evolved far beyond the traditional role we recognized just a few years ago. Yet, in many areas, accounting education stubbornly clings to outdated, overly technical models that fail to connect with the actual demands of the market.

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CAS accounting and the next generation of accountants

Accounting Today

EDT 5 Min Read Facebook Twitter LinkedIn Email Over the last several months, Ive been partnering with Intuit QuickBooks, Brittany Brown with Ledger Gurus and Utah Valley University professor David Waite to deliver a hands-on accounting curriculum that teaches students the skills they need to succeed in the accounting profession.

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The accountant's advantage over technology in fraud prevention

Accounting Today

Accountants are central to bridging this gap. Without active accountant involvement, organizations risk over-relying on passive technological defenses. Accountants who grasp these behavioral dynamics are better equipped to lead businesses through the emotional and operational challenges of building stronger defenses.

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SEC taps new chief accountant

Accounting Today

Joshua Roberts/Bloomberg The Securities and Exchange Commission appointed Kurt Hohl, a former partner at Ernst & Young, as its new chief accountant, effective July 7. Acting chief accountant Ryan Wolfe will be returning to his role as chief accountant in the Division of Enforcement. All rights reserved. He received a B.B.S.