Mon.Jul 24, 2023

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Regulating crypto

Accounting Today

Accountants are helping clients stay abreast of the latest accounting, tax and regulatory issues around cryptoassets.

Tax 246
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How CloudZero Provides Unit Cost Better Than Anyone Else

CloudZero

At CloudZero, we’re pretty proud of the fact that our platform allows you to maximize your profitability by understanding your unit costs. In fact, our platform’s ability to help you easily track and analyze unit costs is one of the things that sets us apart the most from our competitors.

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Barriers to entry: Why they're not becoming accountants

Accounting Today

Recent research shows that students aren't moving into accounting because it doesn't strike a spark with them — but the 150-rule isn't helping.

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"Appway" Yourself into the Top 100

Insightful Accountant

Murph provides 'wannabe' Top 100 ProAdvisors with valuable tips and statistics from this year's Top 100 and Award recipients.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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IRS ends unannounced visits to protect agents

Accounting Today

The service is stopping most unannounced visits to taxpayers' residences and businesses after a rising number of threats has put its employees' safety at risk.

Tax 246
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Which financial statement is the most important?

Accounting Tools

Related Courses The Balance Sheet The Income Statement The Statement of Cash Flows The key components of the financial statements are the income statement , balance sheet , and statement of cash flows. These statements are designed to be taken as a whole, to present a complete picture of the financial condition and results of a business. A case can be made for each of the financial statements being the most important, though the ultimate answer depends on the needs of the user.

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Cash collection cycle definition

Accounting Tools

Related Courses Credit and Collection Guidebook Effective Collections Essentials of Collection Law What is the Cash Collection Cycle? The cash collection cycle is the number of days it takes to collect accounts receivable. The measure is important for tracking the ability of a business to grant a reasonable amount of credit to worthy customers, as well as to collect receivables in a timely manner.

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150-hour requirement seen as significant barrier to accounting by young people

Accounting Today

Students aren't majoring in accounting because they don't have a passion for the subject, and because they perceive barriers in cost and time, especially Black and Hispanic students.

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Temporary account definition

Accounting Tools

Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is a Temporary Account? A temporary account is an account that begins each fiscal year with a zero balance. At the end of the year, its ending balance is shifted to a different account, ready to be used again in the next fiscal year to accumulate a new set of transactions.

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Accountant in China embezzled $677K for 'black magic' love rites

Accounting Today

A bookkeeper reportedly stole from her employer in an effort to retain the affections of her estranged boyfriend.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Consolidation accounting

Accounting Tools

Related Courses Business Combinations and Consolidations CPA Firm Mergers and Acquisitions Mergers and Acquisitions How to Account for a Consolidation Consolidation accounting is the process of combining the financial results of several subsidiary companies into the combined financial results of the parent company. This method is typically used when a parent entity owns more than 50% of the shares of another entity.

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The value of disruption

Accounting Today

You'd think the last thing accounting firms would want to do is to disrupt themselves — yet that may be exactly what they need to do, says Bob Lewis of The Visionary Group.

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Off the books definition

Accounting Tools

Related Courses Fraud Schemes Fraud Examination Guidebook How to Audit for Fraud What is Off the Books? Off the books refers to any cash payment or receipt that is not recorded in a firm’s accounting records. This is typically done in order to avoid paying income taxes on cash receipts or use taxes or payroll taxes on payments made. Off the books transactions are especially common when an employer pays undocumented immigrant workers, who could not otherwise work for the firm.

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Regulating crypto: NFT sales taxes looming

Accounting Today

Sales of non-fungible tokens are taking place across jurisdictions, both state and national, and tax authorities are starting to take notice.

Tax 246
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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

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Capitalize in accounting definition

Accounting Tools

Related Courses Capital Budgeting Fixed Asset Accounting How to Audit Fixed Assets What is Capitalize in Accounting? An item is capitalized when it is recorded as an asset , rather than an expense. This means that the expenditure will appear in the balance sheet , rather than the income statement. You would normally capitalize an expenditure when it meets both of the criteria noted below.

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Spend management: An approachable CAS opportunity

Accounting Today

It's a low-hurdle opportunity that firms can embrace to start quickly making the shift into client advisory services.

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Financial accounting basics

Accounting Tools

Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What are the Basics of Financial Accounting? This article gives an overview of financial accounting basics for the non-accountant. Its orientation is toward recording financial information about a business. First, what do we mean by "financial" accounting? This refers to the recordation of information about money.

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Art of Accounting: What does your resume look like?

Accounting Today

Look at the resumes of the tax partners you aspire to become and make the necessary changes in your career path.

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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

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Types of equity accounts

Accounting Tools

Related Courses Corporate Finance Treasurer's Guidebook What are Equity Accounts? There are several types of accounts used to record shareholders’ equity. Each one is used to store different information about the interests of owners in a business. The types of equity accounts differ, depending on whether a business is organized as a corporation or a partnership.

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Booz Allen pays $377.5M to settle U.S. civil probe

Accounting Today

The federal contractor reached one of the largest procurement fraud settlements in history over a civil investigation related to its cost accounting.

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Stockholders' equity accounts definition

Accounting Tools

Related Courses Accountants’ Guidebook Bookkeeping Guidebook The Balance Sheet What are Stockholders’ Equity Accounts? The stockholders' equity accounts contain those accounts that express the monetary ownership interest in a business. In effect, these accounts contain the net difference between the recorded assets and liabilities of a company. If assets are greater than liabilities, then the equity accounts contain a positive balance; if not, they contain a negative balance.

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AICPA & CIMA offer climate accounting education resources

Accounting Today

The Association of International Certified Professional Accountants unveiled a new educational report on climate resilience, the fourth in a series.

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How to Modernize Manufacturing Without Losing Control

Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives

Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri

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GAAP: A Comprehensive Guide

Remote Quality Bookkeeping

If you’re a small business owner or entrepreneur, you’ve probably heard of GAAP, the Generally Accepted Accounting Principles. This set of accounting principles provides standard rules and methods for businesses to collect and report financial information. In the United States, the Securities and Exchange Commission (SEC) requires publicly-traded companies to follow GAAP in their financial reporting.

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A Guide to Streamlining Your eCommerce Payment Processing

Billing Platform

Have you traded your brick-and-mortar storefront to sell your products and services over the internet? If so, you’re part of a growing number of businesses that are either complementing their storefronts with an eCommerce payment processing website or ditching physical locations in favor of online only sales. While the trend towards eCommerce shopping has created opportunities for businesses to reach a larger target market and increase revenue, it has also resulted in payment processing challeng

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Invoicing in the Gig Economy: Tips for Freelancers and Contractors

Invoicera

Do you also belong to the gig economy? If so, you’re likely a freelancer or contractor navigating the unique challenges of this dynamic landscape. One of the most critical, yet often overlooked, aspects of this journey is mastering the art of invoicing. Invoicing can be a game-changer. It is the key to resisting all financial constraints. We know you are a talented professional, willing to walk that extra mile to deliver outstanding results.

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What Monthly Accounting Services Include

CSI Accounting & Payroll

A majority of established small businesses work with annual accountants, but annual accounting firms offer limited services. They only deal with your finances when the year is over, so they aren’t in touch with your business operations in real time. This means you won't have timely data to help you make quick decisions. There is an alternative to annual accounting, though: monthly accounting.

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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Christine Gervais on Finding Your Niche & Driving Practice Growth

Insightful Accountant

Tax Practice News' Christine Gervais and Insightful Accountant's Gary DeHart talk practice niches in the latest episode of Accounting Insiders—only on our YouTube Channel.

Tax 52
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How Working Capital Impacts Treasury

Plooto

Treasury management is vital to promoting growth and financial health in your business. It ensures sufficient cash flow for business needs, and tracks debts and investments, all while minimizing risk.

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Christine Gervais on Finding Your Niche & Driving Practice Growth

Insightful Accountant

Tax Practice News' Christine Gervais and Insightful Accountant's Gary DeHart talk practice niches in the latest episode of Accounting Insiders—only on our YouTube Channel.

Tax 52
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What is finance reconciliation?

Nanonets

Finance reconciliation plays a pivotal role in ensuring the reliability and accuracy of a business's financial records. This essential practice involves comparing transactions and other financial activities with supporting documentation and resolving any discrepancies that may arise.   Financial reconciliation is a recurring process that encompasses various sources of financial information within a business.

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How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.