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Citing Rising Costs, Accounting Firms Plan to Increase Fees in 2025

Going Concern

Ignition has released its 2024 US Accounting and Tax Pricing Benchmark report and it reveals that the 325 Ignition customers surveyed are going all-in on fee increases in 2025. 57% of accounting firms plan to increase fees across all services in 2025. 57% of accounting firms plan to increase fees across all services in 2025.

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FASB Tackles Plans to Update Software Cost Accounting Guidance

CPA Practice

The Financial Accounting Standards Board (FASB) issued a plan on Oct. 29 to modernize guidance on the accounting for software costs, which the board said would enhance the transparency of an entity’s cash flows related to internal-use software costs. 27, 2025.

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IMA Expands Its Management Accounting Competency Framework

CPA Practice

Jason Bramwell The Institute of Management Accountants recently announced that it was expanding its competency framework for accounting and finance professionals. Jason Bramwell The Institute of Management Accountants recently announced that it was expanding its competency framework for accounting and finance professionals.

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Does My Accounting Software Meet DCAA Compliance?

Accounting Seed

You can make your life easier and guarantee smooth audits by using accounting software that helps government contractors meet DCAA compliance. Instead, DCAA audits check if your organization meets: Federal Acquisition Regulation (FAR) Cost Accounting Standards (CAS) And other government rules. What Does DCAA Compliant Mean?

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A Trump Tariff News and Information Roundup Without the Social Media Hot Takes

Going Concern

It’s been difficult to sort out actual news — particularly news relevant to accounting and finance professionals — from the excess of noise. said Mark Ludwig, head of national trade advisory services at RSM, the largest US accounting firm outside the Big Four.

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Friday Footnotes: Modernizing CPA Requirements in Pennsylvania; Master’s Degrees Are Hot Again; Don’t Dog the PCAOB | 5.9.25

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Accountants Behaving Badly N.J. Scott Hutchinson, R-Oil City, and Sen.

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The Role Of Cost Accounting In Maximizing Profitability

GrowthForceBlog

Key Takeaways The Benefits of Cost Accounting: The primary benefits of cost accounting include maximized profits, reduced costs, optimized pricing, stronger profit margins, revenue generation. Understanding the Cost Accounting Methods: A variety of different methods exist within the cost accounting principles.