Most accountants suffer burnout: study

CFO Dive

A high level of chronic stress increases the rate of accounting error, prompting many companies to reopen their books after closing to fix mistakes

FASB to consider tweaking lease accounting guidance

CFO Dive

Lease accounting is one of three major standards currently undergoing post-implementation reviews, according to FASB spokesperson Christine Klimek

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The ABCs and IRCs of cannabis accounting

CFO Dive

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

3 Reasons Accounting and Finance Needs Automation

Generation CFO

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?

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.

Private companies grapple with FASB lease accounting rules

CFO Dive

Private companies have voiced concerns about the complexity of updated lease accounting rules, a FASB staff member reported Wednesday

Diversity hiring gains speed in accounting: AICPA

CFO Dive

Companies hiring for jobs in accounting and finance increasingly value recent graduates with technological skills, AICPA said

Checking vs. Savings Accounts

CFO News Room

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?

De-SPAC accounting hazards

Private Funds CFO

SPACs managers must educate targets to avoid accounting risks. News & Analysis daily

FASB drops four-year project changing goodwill accounting

CFO Dive

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

The accounting profession is making bold moves to increase diversity

CFO Dive

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.

Checking Accounts and Beneficiaries

CFO News Room

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?

Best IRA Accounts 2022

CFO News Room

One of the primary options to save for retirement is through an individual retirement account (IRA). Best IRA Accounts: Fidelity Investments. Account Minimum : $0. IRA Account Types: Pros. No IRA account minimums. Full complement of IRAs account types are available.

Construction, manufacturing and retail account for 40% of administrations

Accountancy Today

Data from The Gazette Official Public Record revealed construction, manufacturing and retail were the sectors that accounted for almost 40% of administrations in 2022.

Best Roth IRA Accounts

CFO News Room

Roth IRAs are tax-advantaged accounts that allow tax-free withdrawals in retirement because the contributions are made with after-tax dollars, meaning you don’t get a deduction for Roth IRA contributions. Account Minimum : $0. No Roth IRA account minimums. Account Minimum : $0.

How Money Market Accounts Work

CFO News Room

While one option—the checking account—gives us the ability to make deposits, multiple cash withdrawals, make purchases, write checks, and do transfers, the savings account gives us a risk-free place to put our cash while the balance collects interest. Similarities to Checking Accounts.

Accounts payable: Why CFOs should pay attention

CFO Dive

Over one-third of your invoices have errors, and costs to process these may be up to ten times greater than a "clean" invoice

Confidence among CFOs, accountants falls to record low: survey

CFO Dive

Rising operating costs and persistent supply chain bottlenecks clouded CFOs’ outlook during the three months ending in June

Accounting-related class actions plunge

CFO Dive

Settlements, and settlement amounts, were also down, possibly in part because companies are restating financials less, Cornerstone Research finds

Frictionless accounts payable – happy customer, happy employee

CFO Dive

Keeping your customers and the employees that serve them happy is key for any organization

Brokerage Account vs. Roth IRA

CFO News Room

While most people are familiar with employer-sponsored 401(k)s and individual retirement accounts (IRAs) , alternate options exist that may serve you better. Starting a brokerage account grants you access to the stock market, mutual funds, and other securities.

Peloton co-founders exit amid operational, accounting headwinds

CFO Dive

The resignations come roughly two weeks after Peloton announced it was delaying its 10-K filing because it needed more time to complete fourth-quarter accounting and disclosures related to impairment charges

Fractional CFOs and Remote Accounting Teams

CFO Simplified

How Does a Fractional CFO Work with a Remote Accounting Team? But even with all of those changes, the accounting function has remained essentially the same. So, in a remote environment, which we’re all used to by now, how does a fractional CFO work with a remote accounting team?

Accounting Firm EY Considers Split of Audit, Advisory Businesses

CFO News Room

Big Four accounting firm Ernst & Young is considering a world-wide split of its audit and advisory businesses amid regulatory scrutiny of potential conflicts of interest in the profession, according to people familiar with the matter. The measure follows a string of accounting scandals.

How can accounting and finance help with ESG?

Generation CFO

Greenwashing is a problem in accounting and finance. The post How can accounting and finance help with ESG?

How To Avoid Nonprofit Accountant Turnover

The Charity CFO

However, nonprofit accountant turnover is not a new problem in the sector. In this article, we’ll talk about “accountants” because the financial roles in nonprofit organizations are notoriously vague. Why Do Nonprofit Accountants Quit? Inflexible or antiquated accounting systems.

Best Money Market Accounts of 2022

CFO News Room

Money market accounts haven’t been drawing much attention in recent years, and it’s easy to see why. Still, there are a small handful of banks paying interest rates on money market accounts that rival those of certificates of deposit (CDs). The Best Money Market Accounts of 2022.

CFOs, accountants vexed by surging operating costs

CFO Dive

CFOs and other financial executives express rising concern about increasing prices for transport, energy and other costs, a survey found

7 Best Online Savings Accounts of 2022

CFO News Room

While consumers almost always turned to their neighborhood bank for a new savings account just a decade ago, the entire banking landscape has changed. It makes sense that you would want a new savings account that offers a generous interest rate with minimal fees that’s also easy to use.

Expanded use of tax-credit accounting method wins FASB nod

CFO Dive

If the accounting guidance is formally updated, the proportional amortization method could be used for renewable energy tax credits and others beyond the low-income housing tax-credit program it is now tied to

SEC penalizes pizza accountant $2M for alleged insider trading

CFO Dive

The agency tasked with keeping an eye on Wall Street is increasingly using data analytics to uncover accounting fraud and other wrongdoing

Where Do Accountants Earn the Most Money?

CFO News Room

Accountants can earn a lucrative salary, especially if they work in the sub-sectors or cities, or areas listed below. Most individuals only need a bachelor’s degree to get started in an accounting career. 4, 2022, for an accountant was $77,259.

Accountant vs. Actuary: What’s the Difference?

CFO News Room

Accounting vs. Actuary: An Overview. Individuals with that talent might consider careers as accountants or actuaries. Other accountants are employed by government agencies, banks, and other businesses to inspect those records for accuracy. Accountant.

FASB preps to revamp 'outdated' accounting for software

CFO Dive

FASB’s latest move comes as the typically slow-moving U.S. standard-setter has been on something of a tear lately, grappling with hot-button issues including cryptocurrency and goodwill

How to Open a Joint Checking Account

CFO News Room

Opening a joint bank account is a big step for a lot of couples. And sometimes, even married couples choose to keep all of their accounts separate.). While couples often share savings and investment accounts, too, a joint checking account can be a good place to start.