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So How Did Your 2024 Predictions For the Accounting Profession Work Out?

Going Concern

note: I addressed this here Theres About to Be a Ton of Warm Bodies to Throw at Offshore Accounting Outlets in the Philippines. The TLDR is AI is making call center staff obsolete, offshore staffing agencies have their own programs training people from the ground up to perform basic accounting tasks. You see where this is going.]

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New report: Going digital in 2025 – The economic benefits of digital tools

Xero

Many New Zealand SMEs have adopted the basics: websites, email, and basic accounting software. These examples show whats possible when governments and industries work together to support digital transformation. Where are we falling behind? Yet, the uptake of more advanced digital tools is far less consistent.

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An Essential Guide to Accounting and Basic Accounting Principles for Beginners

Snyder

Why is accounting important? What are basic accounting principles? What is accounting software? Basic accounting and its secrets. The Fantastic Four of accounting. Accounting principles: Why are they so important for any business? Basic accounting principles. Contents: 1.

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Astralis Group Bets On eSports Digital 3.0 Transformation

PYMNTS

The deal comes as Lunar recently received a full banking license from the Danish government after operating as a mobile-based financial management app. It now offers a basic account, money transfers, bill payment, budgeting tool and credit lines.

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Monzo To Cut 120 Jobs Due To Pandemic Fallout

PYMNTS

An unnamed source told Reuters that the government “has been clear the furlough scheme should not be abused if redundancies are planned anyway. The cuts might overlap with the workers who volunteered to be furloughed in March, though it is not certain yet. The cuts amount to around 8 percent of Monzo’s work force.

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How to navigate accounting assumptions

ThomsonReuters

To help accounting professionals navigate accounting assumptions, this article explores the basic accounting assumptions, how they relate to generally accepted accounting principles (GAAP) , and more. What are the main accounting assumptions? Any entity (i.e.,

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Accounting firms: your guide to outsmarting the UK talent shortage

Accounting Insight

Outsource basic accountancy tasks Using service for basic tasks, such as bookkeeping, tax, and year-end accounts, removes the problem of recruiting junior staff in one easy hit. Offer apprenticeships The Big Four accountants have embraced apprenticeships as an alternative route to graduate recruitment.