FASB mulls two new software accounting options
CFO Dive
JANUARY 19, 2023
The project to improve software accounting standards is a long time coming. At least one element of the current standards has remained largely unchanged since 1985
Accounting Related Topics 
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Most accountants suffer burnout: study
CFO Dive
JULY 21, 2022
A high level of chronic stress increases the rate of accounting error, prompting many companies to reopen their books after closing to fix mistakes
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FASB takes step toward clarifying lease accounting
CFO Dive
DECEMBER 1, 2022
The proposed lease accounting update comes as the FASB works on a project that would require companies to disclose more income-tax information
Lease abandonments trigger accounting questions
CFO Dive
NOVEMBER 18, 2022
Companies are wrestling with the accounting implications of shrinking their real estate footprints. It’s not as simple as moving out and moving on
The Emerging Spend Management Sector: Simplifying Your Accounting Processes
Speaker: Spencer Falbo, Principal at Kong Basile Consulting
In this webinar, Spencer Falbo, principal at Kong Basile Consulting will teach you how Spend Management can help to automate many of your processes, making your job as an accountant more efficient.
Accountants may underestimate impact of Fed tightening: survey
CFO Dive
JANUARY 30, 2023
“Further monetary tightening appears inevitable,” the ACCA and IMA said as the Federal Reserve prepared for a two-day policy meeting beginning Tuesday
FASB to consider tweaking lease accounting guidance
CFO Dive
SEPTEMBER 10, 2022
Lease accounting is one of three major standards currently undergoing post-implementation reviews, according to FASB spokesperson Christine Klimek
The ABCs and IRCs of cannabis accounting
CFO Dive
JULY 14, 2022
From cash control issues to inadequate reporting and point of sale (POS) software, accounting for cannabis dispensaries is no easy feat and the wrong move can land a company in serious legal trouble
Diversity hiring gains speed in accounting: AICPA
CFO Dive
APRIL 22, 2022
Companies hiring for jobs in accounting and finance increasingly value recent graduates with technological skills, AICPA said
Tax, accounting firms see tech utilization paying off: survey
CFO Dive
DECEMBER 5, 2022
Tax and accounting firms are becoming more comfortable tapping technology as a driver of success as they seek to grow revenue and profit and improve employee effectiveness for 2023
Register Now: Sneak Peek Into Close Automation SkyStem Web Demo
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Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by speeding up the month-end close and better managing your remote teams.
SEC’s Munter warns of potential decline in accounting ‘professionalism’
CFO Dive
NOVEMBER 3, 2022
Missteps at large accounting firms threaten to undermine investor confidence in financial information, according to Paul Munter, the SEC’s acting chief accountant
De-SPAC accounting hazards
Private Funds CFO
JANUARY 28, 2022
SPACs managers must educate targets to avoid accounting risks. News & Analysis daily
AMS Accountants Group acquires Seneca Corporate Finance
Accountancy Today
OCTOBER 25, 2022
Professional services firm AMS Accountants Group has announced its acquisition of Seneca Corporate Finance , a mid-market corporate finance boutique operating in the northwest from investment management firm Seneca Partners. . Corporate Finance AMS Accountants Group
FASB drops four-year project changing goodwill accounting
CFO Dive
JUNE 16, 2022
accounting standard-setter shelved a proposal recasting how companies account for an estimated $3.6 The U.S. trillion in goodwill on their balance sheets
Private companies grapple with FASB lease accounting rules
CFO Dive
SEPTEMBER 15, 2022
Private companies have voiced concerns about the complexity of updated lease accounting rules, a FASB staff member reported Wednesday
Why Startups Need More Than Accounting Software for Financials
Navigator SAP
DECEMBER 16, 2022
There are typically three phases of a startup’s financial management journey. ERP with financials Start-up
Accounts payable: Why CFOs should pay attention
CFO Dive
APRIL 18, 2022
Over one-third of your invoices have errors, and costs to process these may be up to ten times greater than a "clean" invoice
Benefits of Outsourced Bookkeeping and Accounting
Capital CFO LLC
FEBRUARY 6, 2023
You may be wondering the benefits of Outsourced Bookkeeping and Accounting. Bookkeeping and accounting services have become one of the most outsourced functions in small to medium-sized companies.
Reconcile That Account! (Not Just Your Checking Account…)
CFO Simplified
OCTOBER 24, 2022
As a business owner, you must understand the importance of reconciling your accounts—and no, not just your checking accounts! Do you know what accounts you need to be reconciling regularly? Do You Know What Business Accounts You Must Reconcile? Accounts payable.
The accounting profession is making bold moves to increase diversity
CFO Dive
AUGUST 22, 2022
The CAQ surveyed nearly 4,000 students and found that Black and Hispanic business majors who have considered accounting degrees perceive several barriers to entering the profession.
Construction, manufacturing and retail account for 40% of administrations
Accountancy Today
JULY 25, 2022
Data from The Gazette Official Public Record revealed construction, manufacturing and retail were the sectors that accounted for almost 40% of administrations in 2022.
The 8 Best Guaranteed Interest Investment Accounts
CFO News Room
FEBRUARY 2, 2023
Investing in a guaranteed interest account is a great way to secure your money, as there is very little risk. Guaranteed interest accounts provide reliable, consistent returns and can be used for short-term savings or to supplement other investments in your portfolio.
3 Reasons Accounting and Finance Needs Automation
Generation CFO
JUNE 28, 2022
The second reason automation is so important is that we’re really time poor in accounting and finance. Automation is an enabler to some amazing futures for the finance and accounting industry. Want to learn more about automation in finance and accounting?
Accrual Accounting vs. Cash Basis Accounting
CFO News Room
MAY 6, 2022
Accrual Accounting vs. Cash Basis Accounting: An Overview. The main difference between accrual and cash basis accounting lies in the timing of when revenue and expenses are recognized. Accrual Accounting. Under this method, revenue is accounted for when it is earned.
Private company CFOs grapple with new lease accounting
CFO Dive
OCTOBER 6, 2022
Lease inventories, hiring more staff and renegotiating lease terms are some of the moves private companies can take to make compliance easier
Frictionless accounts payable – happy customer, happy employee
CFO Dive
FEBRUARY 28, 2022
Keeping your customers and the employees that serve them happy is key for any organization
Accounting-related class actions plunge
CFO Dive
APRIL 13, 2022
Settlements, and settlement amounts, were also down, possibly in part because companies are restating financials less, Cornerstone Research finds
FASB preps biggest ‘segment’ accounting change in 25 years
CFO Dive
OCTOBER 6, 2022
Under the proposal, publicly-traded companies would have to disclose more frequent and comprehensive data on their business units
Confidence among CFOs, accountants falls to record low: survey
CFO Dive
JULY 19, 2022
Rising operating costs and persistent supply chain bottlenecks clouded CFOs’ outlook during the three months ending in June
Checking vs. Savings Accounts
CFO News Room
MAY 26, 2022
When it comes to managing money, you may be wondering whether a checking account or a savings account is better equipped to meet your needs. of American households are unbanked , meaning no one in these families has a bank account. What Is a Checking Account?
CFOs, accountants vexed by surging operating costs
CFO Dive
JANUARY 20, 2022
CFOs and other financial executives express rising concern about increasing prices for transport, energy and other costs, a survey found
The 5 BIG Myths of Nonprofit Accounting
The Charity CFO
OCTOBER 19, 2022
For more nonprofit accounting resources check out www.thecharitycfo.com. Looking for a new accountant? Are You Ready To Outsource Your Accounting? The post The 5 BIG Myths of Nonprofit Accounting appeared first on The Charity CFO. Accounting Investment Reporting Taxes
What Accounts for All This Stuff?
CFO News Room
JANUARY 26, 2023
Instead, do what I recently did: cast a careful eye around your home and ask yourself “What accounts for all this stuff?” These critics should spend more time looking around their homes while asking – really asking – “What exactly accounts for all this stuff?”
Checking Accounts and Beneficiaries
CFO News Room
FEBRUARY 20, 2022
Naming a beneficiary is common practice when you open most investment accounts. But what about checking accounts? The beneficiary for an account, of course, is the person you want to benefit from the account after you die. Do Bank Accounts Need Beneficiaries?
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