accounting standards - Accountant Advocate

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

CPA Practice

JULY 18, 2025

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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FASB releases credit losses standard for AR and contract assets

Accounting Today

JULY 30, 2025

The Financial Accounting Standards Board is offering optional guidance on the measurement of credit losses for accounts receivable and contract assets.

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House Republicans propose to withhold funds from FASB

Accounting Today

JULY 22, 2025

House Republicans released a spending proposal that threatens to withhold funding from the Financial Accounting Standards Board unless it withdraws its income tax reporting standard.

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

Accounting Today

JUNE 6, 2025

Account

Account accountant accounted Technology

RSM announces $1B agentic AI investment

Accounting Today

JUNE 10, 2025

Technology

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Inside GASB's far-reaching agenda

Accounting Today

JUNE 23, 2025

The Governmental Accounting Standards Board is juggling a variety of projects to improve accounting for state and local governments as they come under pressure from the threat of reduced funding from the federal government. Governmental Accounting Standards Board chairman Joel M. All rights reserved.

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Intuit debuts AI agents for QuickBooks

Accounting Today

JUNE 26, 2025

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Understanding Cash vs. Accrual Accounting

Withum

DECEMBER 2, 2024

Moreover, cash basis accounting is not compliant with Generally Accepted Accounting Principles (GAAP), as established by the Financial Accounting Standards Board (FASB). GAAP mandates the use of accrual accounting, meaning businesses relying solely on cash basis accounting may face compliance issues.

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Optimism declines among accountants

Accounting Today

JUNE 11, 2025

Technology

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IASB revises practice statement on management commentary

Accounting Today

JUNE 23, 2025

EDT 3 Min Read Facebook Twitter LinkedIn Email The International Accounting Standards Board released a revised practice statement on management commentary to achieve better global alignment, while its parent, the IFRS Foundation, released guidance on an entitys climate-related transition disclosures. All rights reserved.

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FASB Releases 2025 Investor Outreach Report

CPA Practice

AUGUST 5, 2025

Staff from the Financial Accounting Standards Board engaged in more than 400 investor interactions over the year that ended June 30, 2025, according to FASB's latest Investor Outreach Report.

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The accountant's advantage over technology in fraud prevention

Accounting Today

JULY 9, 2025

Technology

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FP&A Reports Every Organization Needs to Succeed

Acterys

OCTOBER 20, 2024

It focuses on presenting financial data clearly and in accordance with accounting standards. While financial reporting involves a detailed understanding of accounting standards, software, and tools, FP&A demands strong analytical skills, financial modeling, forecasting capabilities, and a deep understanding of industry dynamics.

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Bloomberg T&A adds feature for ASU 2023-09 compliance

Accounting Today

AUGUST 6, 2025

Bloomberg Tax and Accounting launched an embedded solution to help users adhere to the FASB Accounting Standards Update that concerns income tax disclosures.

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Mastering SaaS Bookkeeping: Essential Considerations for Success

Shay CPA

MAY 21, 2025

Bookkeepers must carefully document and classify these costs to ensure compliance with accounting standards. By leveraging the right tools, adhering to accounting standards, and focusing on key metrics, bookkeepers can provide the financial clarity and insights SaaS companies need to succeed.

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Is your firm overpaying for external hires?

Accounting Today

JUNE 23, 2025

Practice management Compensation Recruiting Employee retention MORE FROM ACCOUNTING TODAY Accounting GASB gives guidance on pronouncements The Governmental Accounting Standards Board issued questions and answers to help explain certain pronouncements to stakeholders. All rights reserved. 3h ago Like what you see?

Technology

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CAS accounting and the next generation of accountants

Accounting Today

JUNE 5, 2025

Account

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Vulnerability is the new strength for firm leaders

Accounting Today

JULY 23, 2025

Technology

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Broker-dealer audit deficiency rates remain high

Accounting Today

JUNE 16, 2025

audit

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Streamlining document security and workflow in accounting

Accounting Today

JUNE 16, 2025

Technology

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Using Caseware and Wagepoint to streamline your EOFY

Xero

DECEMBER 4, 2024

Try Wagepoint The Xero App Store features hundreds of connected apps, which are all certified by Xero to make sure the way they bring data into Xero is accurate and aligns to accounting standards. Our AI-powered recommendation engine makes it easy to find the right apps for your practice, and try or buy the app in a few clicks.

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SEC taps new chief accountant

Accounting Today

JUNE 13, 2025

Account

Account accountant accounted Technology

FASB OKs New Credit Losses Guidance for Accounts Receivable, Contract Assets

CPA Practice

JULY 30, 2025

The Financial Accounting Standards Board issued new optional guidance on July 30 regarding the measurement of credit losses for accounts receivable and contract assets.

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Wipfli scores PE investment from New Mountain Capital

Accounting Today

AUGUST 1, 2025

Technology

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FASB Issues Post-Implementation Review Report for Its Revenue Recognition Standard

CPA Practice

NOVEMBER 25, 2024

The Financial Accounting Standards Board (FASB) has issued the report on Post-Implementation Review: Revenue from Contracts with Customers (Topic 606).

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2025 Fastest-Growing Firms: Dean Dorton's early adoption pays off

Accounting Today

AUGUST 1, 2025

Technology

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IMA expands competency framework for accountants

Accounting Today

JUNE 23, 2025

Accounting IMA Training MORE FROM ACCOUNTING TODAY Accounting GASB gives guidance on pronouncements The Governmental Accounting Standards Board issued questions and answers to help explain certain pronouncements to stakeholders. All rights reserved. 3h ago Like what you see?

Account

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A new revenue strategy for firms

Accounting Today

JUNE 16, 2025

Technology

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Firms seeing more profits and clients

Accounting Today

JUNE 13, 2025

Technology

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The Month-End Close Process: A Behind-the-Scenes Look for Business Owners

Basis 365

MARCH 25, 2025

The CFO or controller typically oversees this process, ensuring that the statements accurately reflect the company's financial position and comply with relevant accounting standards. These statements provide a comprehensive overview of the company's financial health and performance.

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Boomer's Blueprint: 4 ways algorithms can improve your firm

Accounting Today

JUNE 9, 2025

Technology

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How Automation Helped a Firm Save Clients $500,000 on Lease Management

CPA Practice

OCTOBER 29, 2024

GBQ Partners, a full-service accounting firm with over 300 professionals across multiple Ohio offices, has established itself as a trusted advisor to clients in construction and various other industries. Tackling the Lease Accounting Challenge: The construction industry presents unique lease accounting challenges.

Construction

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Bloomberg Tax Provision Releases Built-in ASU 2023-09 Rate Reconciliation Report

CPA Practice

AUGUST 6, 2025

Bloomberg Tax announced today a significant enhancement to its Provision software with the introduction of a new rate reconciliation report designed to adhere with the latest FASB Accounting Standards Update.

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IRS FIRE's going out for 2027 tax season

Accounting Today

JULY 9, 2025

Tax

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Preparing for Your First Financial Audit: A Checklist for Startups

Shay CPA

FEBRUARY 19, 2025

Accrual accounting can be somewhat complicated, especially for software as a service (SaaS) companies, so we have a guide to help you better understand it. Theres another similar component of GAAP thats relatively new and applies to many startups: lease accounting. As of 2022, all U.S. And this isnt just an audit-specific to-do.

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Bookkeeping Basics for SaaS Companies: Managing Revenue Recognition

Shay CPA

FEBRUARY 12, 2025

Because of the Financial Accounting Standards Boards (FASBs) Accounting Standards Codification (ASC) 606 , its mandated that companies use whats called revenue recognition. On the surface, bookkeeping might not seem that complicated.

bookkeeping

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Statutory reporting: An overview

ThomsonReuters

OCTOBER 18, 2024

Different countries and regions have their own set of laws, regulations, and accounting standards that govern the reporting process. The specific requirements for reporting depend on the jurisdiction in which an organization operates.

Non-Profits

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OneBill Rolls Out Revenue Recognition and Compliance Solution

CPA Practice

AUGUST 6, 2025

” It aligns with global revenue recognition accounting standards like ASC 606 and IFRS 15. OneBill says it follows the industry-standard five-step revenue recognition model to ensure accuracy and consistency at every stage: Identify contracts with customers.

Technology

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Tech news: TaxPlanIQ adds new features

Accounting Today

JUNE 13, 2025

Technology

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Instead adds AI-driven tax reports

Accounting Today

JUNE 9, 2025

Tax

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XcelLabs launches to help accountants use AI

Accounting Today

JUNE 6, 2025

Technology

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Tech becomes holy grail for accounting firms chasing growth

Accounting Today

AUGUST 1, 2025

Technology

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ESG Reporting Tools: A Unified Approach

Acterys

OCTOBER 25, 2024

Other frameworks, such as those published by the Sustainability Accounting Standards Board (SASB) and Carbon Disclosure Project (CDP) , are also essential for aligning ESG disclosures, focusing on industry-specific risks and carbon emissions.

Technology

Technology accounting and finance Finance Government

FASB Looks to Add New Rules on Accounting For Government Grants by Businesses

CPA Practice

NOVEMBER 19, 2024

A new proposal that would establish authoritative guidance on the accounting for government grants received by businesses was issued by the Financial Accounting Standards Board (FASB) on Nov.

Government

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

FASB releases credit losses standard for AR and contract assets

Webinars

Trending Sources

House Republicans propose to withhold funds from FASB

Webinars

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

RSM announces $1B agentic AI investment

Inside GASB's far-reaching agenda

Intuit debuts AI agents for QuickBooks

Understanding Cash vs. Accrual Accounting

Optimism declines among accountants

IASB revises practice statement on management commentary

FASB Releases 2025 Investor Outreach Report

The accountant's advantage over technology in fraud prevention

FP&A Reports Every Organization Needs to Succeed

Bloomberg T&A adds feature for ASU 2023-09 compliance

Mastering SaaS Bookkeeping: Essential Considerations for Success

Is your firm overpaying for external hires?

CAS accounting and the next generation of accountants

Vulnerability is the new strength for firm leaders

Broker-dealer audit deficiency rates remain high

Streamlining document security and workflow in accounting

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SEC taps new chief accountant

FASB OKs New Credit Losses Guidance for Accounts Receivable, Contract Assets

Wipfli scores PE investment from New Mountain Capital

FASB Issues Post-Implementation Review Report for Its Revenue Recognition Standard

2025 Fastest-Growing Firms: Dean Dorton's early adoption pays off

IMA expands competency framework for accountants

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Boomer's Blueprint: 4 ways algorithms can improve your firm

How Automation Helped a Firm Save Clients $500,000 on Lease Management

Bloomberg Tax Provision Releases Built-in ASU 2023-09 Rate Reconciliation Report

IRS FIRE's going out for 2027 tax season

Preparing for Your First Financial Audit: A Checklist for Startups

Bookkeeping Basics for SaaS Companies: Managing Revenue Recognition

Statutory reporting: An overview

OneBill Rolls Out Revenue Recognition and Compliance Solution

Tech news: TaxPlanIQ adds new features

Instead adds AI-driven tax reports

XcelLabs launches to help accountants use AI

Tech becomes holy grail for accounting firms chasing growth

ESG Reporting Tools: A Unified Approach

FASB Looks to Add New Rules on Accounting For Government Grants by Businesses

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