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FinTech Targets The Cash Flow Needs Of CPAs

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The Certified Personal Accountant (CPA) today now has a plethora of FinTech solutions they can use to manage their clients’ money, with the number of digital tools — including cloud accounting portals, cash flow forecasting solutions and intelligent technologies like artificial intelligence (AI) — continuing to rise.

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Accountants Missing Construction’s Nuanced Cash Management Needs

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According to Vincenzo Botta, CPA, CGMA at Rucci, Bardaro & Falzone PC, construction companies often make four major tax mistakes. ” Aside from tax compliance, Hutcheson also said that overall cash management and corporate accounting for this industry can be a headache.

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Accountants May Be Bucking The Innovation-Averse Trend

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The future of the corporate accountant is in flux. FinTechs are developing ways to automate accounting tasks, forcing human accountants to provide more strategic, value-added services. That doesn’t mean corporate accountants are jumping ship, however.

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Bots Enter The Uncharted Territory Of Accounting Compliance

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Bots are marching steadily into the corporate accounting department as professionals feel more comfortable handing tasks to a machine. ” Gappify will place itself front-and-center to some of those uncertainties, as it launches a new initiative to enable its current bot, Alan, to pass the CPA exam by 2020.

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Accounting Expertise In C-Suite Can Compromise Financial Reports

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It’s common sense that a corporation would want its C-Suite to have some knowledge of accounting practices, and one could assume that a lack of understanding of corporate accounting may heighten the risk for misstatements on financial reports.

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Why Supply Chain Execs Struggle To Analyze Costs

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. “ Supply chain professionals rely on cost information when making decisions, but have indicated a need for that information to be more accurate and effective,” explained AIPCS CEO Abe Eshkenazi, CSCP, CPA, CAE in a statement.

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California CPAs Call For Crypto Accounting Clarity

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Certified Professional Accountants (CPAs) in California are calling on an industry watchdog to clarify standards for cryptocurrency accounting, with expectations that corporations will increase their use of cryptocurrencies moving forward.

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