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IMA Expands Its Management Accounting Competency Framework

CPA Practice

The IMA Management Accounting Competency Framework outlines the skills required by the most common accounting and finance roles , such as CFO, controller, treasurer, financial analyst, director of cost accounting, senior accountants, and staff accountant. Customers U.S.

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Does My Accounting Software Meet DCAA Compliance?

Accounting Seed

Instead, DCAA audits check if your organization meets: Federal Acquisition Regulation (FAR) Cost Accounting Standards (CAS) And other government rules. You must verify your financial management meets DCAA standards regarding financial data security and accountability. See for yourself.

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A Trump Tariff News and Information Roundup Without the Social Media Hot Takes

Going Concern

Impact on specific industries: Some industries, such as manufacturing, agriculture, and technology, were affected by the tariffs. Journal of Accountancy covered the topic in Confronting tariffs: Trade war tips for CPAs , published in 2020. PwC put out a PDF in March: Accounting implications of tariffs.

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Review of CYMA Payroll- The Accounting Technology Lab Podcast – August 2024

CPA Practice

. – Or use the below podcast player to listen: Transcript (Note: There may be typos due to automated transcription errors.) Tankersley, CPA.CITP, CGMA 00:00 Welcome to the accounting Technology Lab sponsored by CPA practice advisor, with your hosts, Randy Johnston, and Brian Tankersley. Good system, a lot of legacy SmartCode.

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Unlocking Business Success: The Importance of Cost Accounting and Key Metrics

Basis 365

Cost accounting is essential to running a business, as it helps companies identify and understand their costs, expenses, and profitability. By tracking costs, companies can make informed decisions about pricing, product development, and resource allocation. What is Cost Accounting?

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Why Your Accounting Firm Needs Managed IT Services

CPA Practice

These services scale IT infrastructure to help accountants speed up accounting services, manage the workforce, adhere to global compliances, and lower operational costs. Accounting firms can no longer overlook the benefits of this partnership as they can miss out on many efficiency gains.

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From Execution to Insight: How Fintech is Shaping the Future of Accounts Payable

CPA Practice

Accounts payable (AP) teams are stuck on a hamster wheel, always having to scramble to get payments out the door and then reconciling them on the back end. They’re dealing with a lot of manual work and multiple partially-automated, partially-integrated systems. Process automation is where technology companies, on the other hand, excel.