Fri.Jul 22, 2022

article thumbnail

Global economy set for weak growth as financial professionals’ confidence drops sharply

Accounting Insight

All the main global indicators fell in the Q2 Global Economic Conditions Survey (GECS), pointing to a decisive deterioration in the global economic outlook. . Weak growth looks the most likely outcome for the rest of 2022, according to the latest edition of the Global Economic Conditions Survey (GECS) from ACCA (the Association of Chartered Certified Accountants) and IMA ® (Institute of Management Accountants).

Maine 52
article thumbnail

IRS grilled over fake charity fraud schemes

Accounting Today

Tax 128
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Friday Footnotes: New Managers Share Wisdom; KPMG Praised??; PwC Creeps Leave | 7.22.22

Going Concern

What new managers wish they’d known [ Journal of Accountancy ] “Having responsibility doesn’t mean I can’t be a little firm with my team. I learned how to say ‘no.'” Three PwC staff leave firm after ‘rating women’ scandal [ Australian Financial Review ] Three PwC staff members who allegedly attended male-only events where they rated the attractiveness of women in their office have left the firm, with the firm’s leadership labelling the behaviour as “unacceptable” fo

article thumbnail

Revamped CPA exam will bring big changes

Accounting Today

CPA 116
article thumbnail

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.

article thumbnail

Accounting for Payment Gateways: Shopify Payments vs Alternative Shopify Payment Methods

Snyder

What makes Shopify accounting special for thousands of e-commerce businesses? Firstly, it’s the option to connect several payment gateways to your online store. Secondly, the ability to accept Shopify POS and manual payments in addition to online orders. For customers, these features make paying for goods extremely convenient. But for merchants, using multiple Shopify payment methods at once becomes challenging in terms of bookkeeping. .

article thumbnail

Tech News: Sage and Microsoft deepen partnership

Accounting Today

More Trending

article thumbnail

Senate Democrats introduce pot decriminalization bill against odds

Accounting Today

article thumbnail

Common Construction Contractor Bookkeeping Issues With Accounts Payable

Randal DeHart

Accounts Payable keeps track of the bills owed to a supplier or subcontractor. A proper Construction Contractor Bookkeeping System uses the Accounts Payable feature to track unpaid bills. The bank wants to get paid, and unlike the contractor who is embarrassed to call an old customer, the bank is very willing to call early and often for any outstanding payments due.

article thumbnail

WorldRemit parent Zepz names Bill.com executive Lenhard next CEO

Accounting Today

article thumbnail

We've Got a Bigger Problem Now

Accounting Web

Practice Excellence We've Got a Bigger Problem Now.

82
article thumbnail

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.

article thumbnail

On the move: KPMG names chief economist

Accounting Today

97
article thumbnail

Illinois Small Businesses: Upcoming Aug 5-14 Sales Tax “Holiday” Is Anything But One

Nancy McClelland, LLC

My inbox on June 27th. On June 27th I woke to find dozens of notifications from MyTax Illinois in my email inbox — one for each and every client of ours who files sales taxes. Just in case you got one or more of these yourself and haven’t logged in to check it out yet, here’s what it looks like — It doesn’t give you much to go on — just a sort of “hey we saw you’re registered to file sales taxes, so you should read these four bulletins which may or

article thumbnail

RSM named first Certified Implementer of Bloomberg tax tools

Accounting Today

Tax 81
article thumbnail

Case Study: Medical Center Achieves Sustainable Growth With Its 340B Program

Withum

Withum was engaged to assist a southwestern academic medical center grow its 340B Program to increase savings while also ensuring compliance and sustainability. Learn how our proprietary analytics tool helped the health system achieve its goals. Download a PDF of this case study. Executive Summary. Withum was engaged to assist the Health System grow its 340B Program to increase savings while also ensuring compliance and sustainability.

article thumbnail

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.

article thumbnail

Businesses need better tech to keep up with tax changes

Accounting Today

article thumbnail

Future of ESG – Why CPAs Will Dominate ESG 

Withum

ESG is the wild west of finance, but times are changing. The International Financial Reporting Standards (IFRS) formed the International Sustainability Standards Board (ISSB) to consolidate ESG standards and create new standards it hopes will be adopted worldwide. The European Union (EU) created the EU Taxonomy , a green classification scheme for specific economic activities – a de facto ESG dictionary.

cpas 52
article thumbnail

8 questions to ask about a tax outsourcing partner

Accounting Today

Tax 75
article thumbnail

Documenting Data in Business Reports

Snyder

Business insights are crucial to e-commerce success. To make informed decisions, store owners need to use accounting insights solutions to track and analyze metrics on a regular basis. Producing business reports is one of the most effective ways to do this. It’s important you understand what to include in a business report and how to present data in a way that is both informative and easy to understand.

article thumbnail

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.

article thumbnail

UK Audit Watchdog Says Deloitte Is Doing Some Good Auditing Across the Pond

Going Concern

Deloitte is doing a great job keeping the Financial Reporting Council happy these days, per the FRC’s recently released 2022 Audit Quality Inspection and Supervision Report they are pleased with the progress the firm has made and the absence of serious deficiencies: In the 2020/21 public report, we concluded that the firm had made progress on actions to address our previous findings and made improvements in relation to its audit execution and firm-wide procedures.

audit 52
article thumbnail

Speak to Students – Flashback Friday

RitaKeller

“Let us remember: One book, one pen, one child and one teacher can change the world.” – Malala Yousafzai. Profession leaders are urging CPAs to go into high schools and speak about the benefits of majoring in accounting in college and becoming a CPA. I have additional advice. Check out this flashback post. Have a great weekend!

cpas 45
article thumbnail

Senate’s bipartisan chips bill would add $79B to U.S. deficit

Accounting Today

Finance 98