Posts tagged with 'accounting'
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Accountants See ‘Going Virtual’ Is Here to Stay
Read the rest of this entry »What CPA Lawrence Pon misses most are the hugs he got from clients at face-to-face meetings.
“I never realized I got that many hugs until I didn’t get them,” Pon told Accounting Today.
Because of the COVID safety restrictions, he doesn’t expect to get any for the rest of this year and probably not until after tax season, if even then.
“We might be planning next tax season like …
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2020’s Best Accounting Firms Are All Pandemic Winners
Read the rest of this entry »What are some of the best accounting firms to work for?
Accounting Today knows. Over the summer, the publication announced the best small, mid-sized, and large accounting firms to work for. Now, culled from more than 250 entrants, the lists have been compiled in a special supplement appropriately entitled, “Best Firms to Work For 2020.”
The 100 firms (based on size) are as small as Measured Results CPAs 16 employees …
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First Continuous Testing CPA Scores Due Out This Week
Read the rest of this entry »The first group of accountants to take the CPA exam under the new continuous testing policy will begin to get scores Friday. Those who passed, will be celebrating. Those who didn’t will, for the first time, be eligible to retake the test almost immediately.
As of July 1, the rigorous 4-part, 4-hour exam for accountants who want to earn the coveted Certified Public Accountant designation is offered throughout the …
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CPA Leaders Worried About Staying Relevant
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Accounting profession leaders share many of the same challenges that leaders across most industries face: talent recruiting and knowledge transfer as the retirement of CPA Boomers accelerates, the impact of technology and remaining relevant in a fast changing business environment.
These are the same issues that accounting leaders identified last year in Accounting Today's annual survey. Little has since changed, Accounting Today found, except, perhaps, the level of concern. … -
New Loan Loss Accounting Standard Coming
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The widely
anticipated new standards for accounting for loans and securities is expected
to be released late this month by the Financial
Accounting Standards Board.
More than a year in the development, the Current Expected Credit … -
Pension Accounting Changes Could Have Big Impact
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Accounting
professionals handling pension reporting for global firms should know the
Interpretations Committee of the International Financial Reporting Standards has issued draft amendments
to the rules regarding pension accounting that apply to companies with pension schemes in … -
Accountancy Boards Considering Nano-Learning Standards
If you're a CPA, nano-learning could be in your future.Read the rest of this entry »
What's nano-learning? Short, online courses dealing with narrow subjects that take no more than about 10 minutes to take, and which may soon count toward CPE requirements.
The National Association of State Boards of Accountancy and the American Institute of CPAs are considering a plan to provide fractional CPE credits for these so-called nano courses. Ohio and Maryland do that … -
Without These Skills, Accountants Are Lacking
What is it that too many CPAs lack, but that's just as important as the diploma they hang on their wall?Read the rest of this entry »
Soft skills, says Gary M. Bolinger, a CAE and president and CEO of the Indiana CPA Society and its CPA Center of Excellence.
In an article posted on Accounting Today, Bolinger says, "Your staff has no value. Unless... they (and you) have a strong command of the 'core … -
Solving Problems Are What Accountants Enjoy Most
Solving client problems is what most gives accountants a good deal of job satisfaction. A survey not too long ago found four-out-of-10 accountants said solving problems gives them the most satisfaction, well ahead of the 22% who cited "working with numbers." Not very far behind was the 17% who said they derived their greatest satisfaction from "making strategic recommendations for the business."Read the rest of this entry »
Drill down a bit further, as did two … -
It Is Time to 'Disrupt' Lease Accounting
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Ten years ago the Securities and Exchange Commission estimated that $1.25 trillion of lease liabilities were omitted from public company financial statements. How much larger that number has grown is anybody's guess.
Efforts to rein in the problem have so far proven ineffective and the most recent draft proposal from the Financial Accounting Standards Board, say two accounting professors, is "a jungle of dense provisions intended to anticipate all possible …
