Wed.May 11, 2022

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Accountants Didn’t Wind Up In Court As Often In 2021

Going Concern

While there were plenty of accountants who behaved badly in 2021 , the accounting profession as a whole was fairly well-behaved and competent last year, according to a new report from Cornerstone Research. Good job, everyone. From the report, Accounting Class Action Filings and Settlements – 2021 Review and Analysis : Reversing a three year trend, the number of securities class action filings involving accounting allegations dropped in 2021.

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Deloitte opens DEI Institute

Accounting Today

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Xero’s full year 2022 financial results

Xero

Today we announced Xero’s full year financial and operating results to 31 March 2022 (FY22). Our strong financial result reflects the benefits of Xero’s commitment to invest for the long-term to support our strategy and focus on current and future customer needs. In FY22, Xero grew operating revenue 29%, and exceeded the milestone of a billion dollars for the first time to reach $1.1 billion.

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CEOs who take risks with sports may do the same with taxes

Accounting Today

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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The Top 22 Questions to Ask in an Accounting Interview

Ryan Lazanis

When it comes to finding the perfect accounting professionals for your accounting firm, make sure that you have the right questions to ask in an accounting interview in order to get a sense of their qualifications and experience. Asking questions is the best way to determine if a job prospect is truly right for the job description, and it can also help you get a sense of their experience and expertise.

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Worn out from tax season? Don’t sell, plan your succession

Accounting Today

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Three Financial Statements Skagit County SMBs Need To Get Right

SkagitCountyTaxServices

If you’re a successful Skagit County business owner in this high-pressure time, you’ve learned to master the art of the pivot. Pivot on pricing, pivot on operations, pivot on hiring, pivot on supply, pivot on financials… Successfully pulling it off is impressive – really. As someone who works closely with a LOT of SMB owners, believe me, I know that it ain’t easy.

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Better than spreadsheets, and other tech stories you may have missed

Accounting Today

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Azure AD Connect 1.x Is Retiring – What You Need to Know 

Withum

Earlier this spring, Microsoft announced that they are?retiring and ending support?on all Azure Active Directory (Azure AD) Connect 1.x versions. On August 31, 2022 , all 1.x versions of Azure AD Connect will be retired because they include SQL Server 2012 components that will no longer be supported. What Does This Mean? ?. While many components in Azure AD Connect will continue to work past the deadline to upgrade, there may be technical difficulties once Microsoft depreciates the authenticatio

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The new normal for CPA firms? Maybe not

Accounting Today

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Accounting software firm iplicit unveils new Automation Centre at Accountex

Accounting Insight

True cloud accounting software provider iplicit has today (11 May) launched its Automation Centre feature at Accountex. Enabling organisations to increase efficiency, reduce human error, eliminate manually intensive processes, the iplicit Automation Centre can save accounting and finance teams hundreds of hours every month. Unlike other systems in the marketplace, London-headquartered iplicit’s functionality at the heart of its software, doesn’t just focus on automating specific areas of functio

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General Ledgers at Scaling New Heights 2022 (Part 1)

Intuitive Accountant

Murph tips his Stetson to a few of the General Ledgers appearing at this year's 'Scaling New Heights.' And when a guy tips his Stetson, it's like he's acknowledging the other party's existence.

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What a Sh*tty Way to Find Out You’ve Been Laid Off

Going Concern

Getting laid off sucks. It has happened to me twice in the past 23 years. I’ve also been fired once for poor performance, but unlike the two times I was laid off, I knew exactly when I was being fired. I hated my job, I hated my boss (I was her only employee and she didn’t like me either), and my employer wasn’t that great. So my boss told me exactly which day I would be losing my job.

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What is a Balance Sheet vs. Income Statement?

xendoo

Balance sheets and income statements are indispensable financial tools for all business owners. What should businesses know about the balance sheet vs. income statement? The two complement each other in tracking vital financial metrics such as net income, expenses, profitability, and more. However, there are differences between the two documents. Understanding these statements can be the first step in making better financial decisions and improving your business performance. .

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

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NextGen Legal Podcast

Withum

Join Us on Our Next Episode. The legal market is shifting rapidly as the next generation of lawyers and professionals assume leadership roles throughout the industry. What impact will these fresh perspectives and new ways of doing business have on the industry? Withum’s NextGen Legal podcast features candid conversations on leadership, innovation, technology, culture, well-being and sweeping changes across the legal market.

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Updates from First AccountingWeb Summit Live

Intuitive Accountant

Liz Scott provides an up close and personal look at the events, the people and the vibe from California.

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Deep Dive into Profit-Sharing Plans: Employee Stock Ownership Plans

Summit CPA

Employee stock ownership plans (ESOPs) are a unique type of profit-sharing plan , in that they also serve as a qualified retirement program. ESOPs are a way to incentivize employee performance by allowing staff members to invest in their respective companies.

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Is now the best time to invest?

Menzies

Menzies LLP - A leading chartered accountancy firm. Coronavirus and now the war in the Ukraine have had a huge impact on the global economy. While many people have seen the value of their pensions and investments fall, the wise amongst us may see this as a buying opportunity while prices are lower. If you are holding off making the decision as whether to invest or not, please read on.

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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

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How to forecast revenue and growth

Basis 365

Future business planning is based on your business revenue forecast. Therefore, it is essential to estimate how much money you will make each year, how much cash flow you expect, and what kind of growth your business might experience. Unfortunately, revenue forecasting does not give exact numbers for your annual earnings. However, it does provide several methods to help you forecast your revenue accurately.

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How to Build a Better (Customer Experience) Mousetrap

Lockstep

Guest Contribution from Fortis. Prior to the pandemic, if your business preferred sending paper invoices and accepting/using paper checks to process accounts receivables, your customers accepted it or found another vendor that offered other ways to pay. Today, if your accounting team is still using an antiquated workflow or a less than successful hybrid of online and offline systems, and the bills are getting paid, it really doesn’t matter, right?

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Hacks and Smart Practices for a Much-Needed ECommerce Business Boost

Snyder

The COVID-19 pandemic dramatically influenced the eCommerce industry, driving rapid growth as more consumers entered the digital marketplace. Thanks to its growing landscape, the eCommerce space offers business owners and entrepreneurs the opportunity to create sustainable businesses and expand at scale. That scale requires an understanding of the current landscape while balancing ongoing pandemic risks.

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Recognizing the Red Flags of Fraud

FraudFiles

People who steal from their employers often exhibit telltale characteristics that could tip off management that they’re likely to commit fraud. These characteristics include attitudes on the job, daily work habits, and personal lifestyle issues. A few of these traits alone do not indicate fraud, but the potential for fraud to occur rises with more of the characteristics in an employee.

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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Training

RitaKeller

“Learning experiences are like journeys. The journey starts where the learning is now and ends where the learner is more successful. The end of the journey isn’t knowing more, it’s doing more.” – Julie Dirksen. I have been thinking about training. You attend an internal, tax update training session and you learn so much.

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Types of Trusts

KROST

In the last article in our series , we covered the benefits a trust offers for creators and beneficiaries. In this article, we’ll dive into more detail about the types of trusts that can be established and the pros and cons. Types of Trusts. Revocable Trusts. Revocable trusts (living trusts) can be changed or canceled at any time by the grantor (trustor, creator), who often acts as the initial trustee.

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Xero Small Business Spotlight: Black Business and Professional Association (BBPA)

Xero

We’re shining a spotlight on the Black Business and Professional Association (BBPA), a non-profit, charitable organization formed in 1983 with the goal of addressing equity and opportunity for the Black community in business, employment, education and economic development. We chat with Ross Cadastre, President of BBPA, who shares their journey on advancing Black communities and the fulfilling moments that remind them of the impact they are making in developing and providing opportunity for Black