STAMFORD, Conn.–(BUSINESS WIRE)–LeaseWorks Inc., the leader in cloud-based software products, and Core Financial Systems (“Core”), the leading SaaS aircraft leasing financial software solutions provider, shall begin collaboration to deliver an integrated solution experience for clients in the aircraft leasing industry. The collaboration intends to deliver an integrated accounting experience for […]
Accounting
How Big Data Helps You Automate Compliance Management In Accounting
It is well-established that accounting is a data-intensive stream. It is filled with numerical, non-numerical, statistical and non-statistical data. There is data involved in invoices, purchase orders, employee salaries, daily expenses and a load of other things. Such enormous amounts of data can get overwhelming after a point. Accounting professionals […]
Aron Govil: How to Find a Business Accounting Service Provider
There are many business accounting service providers out there. So, how do you find the right one for your company? Here are 15 tips: 1. Define your needs. What exactly do you need from an accountant? Do you need someone to handle your payroll? Do you need someone to help […]
N.C. A&T’s Smith Named Among Top 25 Most Powerful Women in Accounting |
EAST GREENSBORO, N.C. (June 9, 2022) – North Carolina Agricultural and Technical State University Master of Accountancy (MACC) Director Kecia Williams Smith ‘95, CPA, Ph.D., has been named one of the 25 Most Powerful Women in Accounting for 2022 by The American Institute of CPAs (AICPA) and CPA Practice Advisor. […]
Why Accounting, Finance, and Tax Are Now the Language of Business
If you look at the last few years, you can clearly see the rapid rate of change that businesses of all sizes and industries have experienced. From pandemic-driven changes to commerce to technology-driven shifts in consumer behavior—businesses have had to adapt repeatedly. One of the outcomes of all this change […]
Accounting Firm EY Considers Split of Audit, Advisory Businesses
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. A split would be the biggest structural change at a Big Four firm since […]
Bitcoin’s Accounting Treatment Is Depressing MicroStrategy’s Bottom-Line
Michael Saylor, chairman and chief executive officer of MicroStrategy, during the Bitcoin 2022 conference in Miami, Florida, U.S., on Thursday, April 7, 2022. The Bitcoin 2022 four-day conference is touted by organizers as “the biggest Bitcoin event in the world.” Photographer: Eva Marie Uzcategui/Bloomberg © 2022 Bloomberg Finance LP What […]
Accounting business conditions hit seven-year high
Confidence among accounting firms is the highest it has been in seven years, CommBank’s latest Accounting Market Pulse report found. The report, which has been running since 2015, showed 80 per cent of firms surveyed had a positive view of current business conditions and more than 90 per cent were […]
New accounting method change procedures issued for small business taxpayers
Editor: Kevin Anderson, CPA, J.D. The IRS and Treasury released two revenue procedures (Rev. Procs. 2022–9 and 2022–14) on Dec. 16, 2021, and Jan. 31, 2022, respectively, on accounting method change procedures. Rev. Proc. 2022–9 modifies Rev. Proc. 2019–43, the exclusive revenue procedure for automatic consent accounting method changes, to […]
From accounting to procurement, 5 tasks that used to be done by people are now trusted to bots
Estimated read time: 5-6 minutes It’s true: Bots are changing the workplace as you know it. It’s not that bots are empowering humans — they’re just enhancing the way humans work by taking over daily, repetitive tasks and freeing their time up for other things. That’s the goal of Robotic […]
The Accounting Services Market Is Increasingly Adopting
LONDON, May 26, 2022 (GLOBE NEWSWIRE) — According to The Business Research Company’s research report on the accounting services market, accounting firms are implementing blockchain technology for faster and more accurate audits, reconciliation, and compliance. Blockchain in accounting comprises a decentralized, distributed ledger or network, concerned with cryptocurrency transactions; records […]
FASB to Tackle Rule-Making on Accounting for Environmental Credits
The U.S. accounting standard-setter will consider crafting rules for how companies should account for climate-related transactions, a key step to providing clarity for firms and investors on deals involving items such as renewable-energy credits and carbon offsets. The Financial Accounting Standards Board on Wednesday said it would add the project […]