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IMA Expands Its Management Accounting Competency Framework

CPA Practice

Jason Bramwell The Institute of Management Accountants recently announced that it was expanding its competency framework for accounting and finance professionals. These broader, cross-functional skills are critical for finance and accounting professionals to succeed as the profession evolves, the IMA stated.

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Tech news: Bloomberg announces new features for AI Assistant

Accounting Today

Bloomberg announces new features for AI Assistant Bloomberg Tax and Accounting announced a bevy of new features for its AI Assistant. These new features are an addition to the softwares already-present ability to streamline control documentation, automate testing and monitoring, and provide real time insights.

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How to Turn a Shortage of Accountants Into an Opportunity for Businesses

CPA Practice

The American Institute of Certified Public Accountants (AICPA) said in its “2023 Trends” report that the percentage of accounting graduates fell 7.8% And according to the Institute of Management Accountants and staffing firm Robert Half, more than 1 in 10 accountants in the U.S.

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Boomer's Blueprint: 4 ways algorithms can improve your firm

Accounting Today

By automating repetitive tasks, algorithms can save hundreds of hours during the busiest times, allowing staff to focus on high-value activities and improving client satisfaction. Gather and analyze data Evaluate the availability of client and internal data to support automation. Refine based on results and user feedback.

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Enrico Palmerino's Journey with Botkeeper and AI in Accounting

Canopy Accounting

They explore the intersection of accounting, AI, and technology. Enrico shares his journey from a young entrepreneur managing accounting challenges to founding Botkeeper, a platform dedicated to automating bookkeeping processes.

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Navan Launches Travel and Expense Management System for Accounting Firms

CPA Practice

Combined with Navan’s award-winning travel and expense management platform, the automated experience enables accountants to advise clients on T&E spend and focus on work that provides the most value to their clients. There are more than 86,000 CPA and accounting firms in the U.S.

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Is your firm overpaying for external hires?

Accounting Today

With technology playing a greater role in firm productivity, the cost of training new employees keeps rising because there is more training to do for each piece of software. It consumes tons of energy that could be better used for building skills and relationships at ones existing firm. Job hopping is burdensome for employers, too.