article thumbnail

AICPA News – July 2023

CPA Practice

AICPA & CIMA update Global Management Accounting Principles to reflect new era of digital acceleration and ESG The Association of International Certified Professional Accountants, representing AICPA & CIMA, recently released a new edition of their Global Management Accounting Principles (GMAP).

article thumbnail

Jeanne Dee Appointed to FASB Not-for-Profit Advisory Committee

Anders CPA

As a leader on standards and regulations of the accountancy profession at the local, state and national level, Jeanne is knowledgeable and skilled in researching accounting principles and new or changing audit standards and is a frequent author and speaker on these topics. in Accounting from the University of Missouri – St.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Accountant Vs. Controller: What's the difference?

Basis 365

Accountant Vs. Controller Controllers and accountants often share the same responsibilities and roles. A controller, however, is the more senior position responsible for managing accounting-related activities within the company. Candidates must hold a CPA license to be eligible for higher-ranking accountant positions.

Account 97
article thumbnail

How firms can create inclusive workplaces to retain LGBTQ+ accountants

ThomsonReuters

The accounting industry is seeing significant attrition among LGBTQ+ professionals Research commissioned by the Institute of Management Accountants (IMA), the California Society of CPAs (CalCPA), and the International Federation of Accountants (IFAC) revealed a surprising number of LGBTQ+ accountants are leaving their profession.

Account 98
article thumbnail

What’s the Difference Between a Controller and a CFO?

Shay CPA

A controller will almost always be a certified public accountant (CPA). That certification ensures that they’re up to date on best practices like Generally Accepted Accounting Principles (GAAP). Long story short, a controller’s primary area of expertise is accounting.

article thumbnail

What is Managerial Accounting and How Does it Differ from Financial Accounting?

Snyder

Managerial accounting, also known as management accounting, involves identifying, measuring, interpreting, and communicating information to management to assist them in planning, decision-making, and risk management. How managerial accounting looks at data. Major tasks of managerial accounting.

article thumbnail

AICPA News – Sept 2023

CPA Practice

The practice aid, Accounting for and Auditing of Digital Assets , is intended to provide nonauthoritative guidance on how to account for and audit digital assets under U.S. generally accepted accounting principles (GAAP) for nongovernmental entities and generally accepted auditing standards (GAAS), respectively.

audit 59