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

Accounting Today

JUNE 6, 2025

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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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RSM announces $1B agentic AI investment

Accounting Today

JUNE 10, 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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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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Optimism declines among accountants

Accounting Today

JUNE 11, 2025

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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?

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The accountant's advantage over technology in fraud prevention

Accounting Today

JULY 9, 2025

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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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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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CAS accounting and the next generation of accountants

Accounting Today

JUNE 5, 2025

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Broker-dealer audit deficiency rates remain high

Accounting Today

JUNE 16, 2025

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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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Streamlining document security and workflow in accounting

Accounting Today

JUNE 16, 2025

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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?

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IRS FIRE's going out for 2027 tax season

Accounting Today

JULY 9, 2025

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SEC taps new chief accountant

Accounting Today

JUNE 13, 2025

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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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A new revenue strategy for firms

Accounting Today

JUNE 16, 2025

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Firms seeing more profits and clients

Accounting Today

JUNE 13, 2025

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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

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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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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.

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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.

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Instead adds AI-driven tax reports

Accounting Today

JUNE 9, 2025

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XcelLabs launches to help accountants use AI

Accounting Today

JUNE 6, 2025

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Tech news: TaxPlanIQ adds new features

Accounting Today

JUNE 13, 2025

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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.

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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.

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Tech news: Bloomberg announces new features for AI Assistant

Accounting Today

JULY 18, 2025

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GASB gives guidance on pronouncements

Accounting Today

JUNE 23, 2025

EDT 1 Min Read Facebook Twitter LinkedIn Email The Governmental Accounting Standards Board issued questions and answers to help explain certain pronouncements to stakeholders. All rights reserved. Courtesy of GASB Implementation Guide No. 3h ago Like what you see?

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Two-thirds of clients ready to change auditors

Accounting Today

JUNE 9, 2025

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Mississippi, Texas storm victims get tax relief

Accounting Today

JUNE 20, 2025

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IRS spruces up Pre-Filing Agreement program

Accounting Today

JUNE 19, 2025

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M&A roundup: Meaden & Moore; Platform Accounting expand

Accounting Today

JULY 9, 2025

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FASB Seeks Comments on Proposal to Clarify Guidance on Identifying the Accounting Acquirer in Business Combinations

CPA Practice

OCTOBER 31, 2024

The Financial Accounting Standards Board (FASB) has published a proposed Accounting Standards Update (ASU) intended to improve the requirements for identifying the accounting acquirer in FASB Accounting Standards Codification Topic 805, Business Combinations.

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SEC Issues SAB 122, Officially Rescinding SAB 121

Withum

JANUARY 27, 2025

The enactment of SAB 122 officially rescinds the interpretive guidance and instead directs firms to use Financial Accounting Standards Board rules or International Accounting Standard provisions.

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Is it time to upgrade? Tips for changing accounting systems in 2025

Accounting Seed

JANUARY 7, 2025

Read on: Your Guide to Accounting Efficiency Top 7 Issues Accountants Face Today Small Business Accounting Tips Startup Accounting Tips: Scaling a Growing Startup Accounting Software for Accountants: What to Look For DCAA Compliant Accounting Software: What to Look For What are the International Accounting Standards (IAS)?