Accounting Today news quiz: June 3
Accounting Today
JUNE 3, 2024
Test your accounting knowledge on Gen Z employees, big four AI partnerships, and more. No. 2 pencil not required!
Mon.Jun 03, 2024
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FinOps and Sustainability Teams Collaborate to Optimize Carbon
FinOps Foundation
JUNE 3, 2024
Key Insight: Carbon optimization is a growing concern for organizations, and Environmental, Social, and Governance (ESG) teams can leverage the culture of collaboration and waste reduction that FinOps teams have cultivated. Cloud Service Providers are delivering more granular carbon emissions data and tooling that FinOps practitioners can use for reporting and optimization within a cloud, and FinOps vendors are beginning to offer sustainability features to optimize carbon across clouds.
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The 20 most charitable states in America
Accounting Today
JUNE 3, 2024
Where are residents the most giving? Check out this ranking, which tracks the states with the most charitable donations, as well as volunteering and service.
FinOps and Carbon Optimization: Two Sides of the Same Coin
FinOps Foundation
JUNE 3, 2024
Key Insight: Carbon optimization is a growing concern for organizations, and Environmental, Social, and Governance (ESG) teams can leverage the culture of collaboration and waste reduction that FinOps teams have cultivated. Cloud Service Providers are delivering more granular carbon emissions data and tooling that FinOps practitioners can use for reporting and optimization within a cloud, and FinOps vendors are beginning to offer sustainability features to optimize carbon across clouds.
Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future
Speaker: Joe Wroblewski, Sales Engineer Manager
Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te
2 methods to avoid capital gains in a home sale
Accounting Today
JUNE 3, 2024
The Section 121 exclusion and the step-up in basis are well known to financial advisors and tax professionals, but their clients will need to plan carefully to net the biggest potential savings.
FinOps and ESG Teams Collaborate to Optimize Carbon
FinOps Foundation
JUNE 3, 2024
Key Insight: Carbon optimization is a growing concern for organizations, and Environmental, Social, and Governance (ESG) teams can leverage the culture of collaboration and waste reduction that FinOps teams have cultivated. Cloud Service Providers are delivering more granular carbon emissions data and tooling that FinOps practitioners can use for reporting and optimization within a cloud, and FinOps vendors are beginning to offer sustainability features to optimize carbon across clouds.
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Jun 3, Index of Common Bookkeeping Entries
Bookkeeping Essentials
JUNE 3, 2024
Index of basic bookkeeping entries and accounting journal entries. for the business owner working from home who does their own books.
Practice Profile: Rehmann assembles a team to take on the future
Accounting Today
JUNE 3, 2024
Stacie Kwaiser is setting the direction of the Top 100 Firm based on her own vision — and the collective ideas of the firm
Jun 3, Common Bookkeeping Entries - Journal Entry Examples
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JUNE 3, 2024
How to record some common bookkeeping entries requiring special treatment with examples for the home based business owner doing their own bookkeeping.
New chief taxpayer experience officer named at IRS
Accounting Today
JUNE 3, 2024
Agency veteran Fumino Tamaki and her staff will work with other IRS units to apply customer service best practices.
Live Demo - Supercharge your Month End Close
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Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i
The Complete FinOps 101 Guide to Cloud Cost Optimization
Economize
JUNE 3, 2024
The Need for Cloud FinOps In the modern cloud-driven business landscape, companies increasingly rely on various cloud setups, including multi-cloud environments, legacy systems, hybrid clouds, and different cloud providers with diverse services and pricing models. This diversity, while offering flexibility and scalability, can lead to chaotic and unorganized cloud resource management.
Art of Accounting: Building wealth
Accounting Today
JUNE 3, 2024
CPAs do very good jobs helping clients build wealth, but many do not do so good with themselves. Here are some tips to help you grow your wealth.
ShareFile Introduces New Accounting Functionalities
Insightful Accountant
JUNE 3, 2024
ShareFile recently introduced several new features tailored to the evolving needs of accounting professionals.
Forvis and Mazars combine on global network
Accounting Today
JUNE 3, 2024
The global accounting network will have a combined $5 billion in revenue, 40,000 employees and nearly 1,800 partners in 103 different countries.
Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback
Advertiser: Paycor
Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.
QuickBooks Recertification Training For June, 2024
Insightful Accountant
JUNE 3, 2024
It's time for most QuickBooks Online ProAdvisors ('Core' or 'Advanced') to Recertify. June 30, 2024 is the deadline for Recertification Exam completion.
Taking her firm forward
Accounting Today
JUNE 3, 2024
Laura Sprouse, the new CEO of Top 100 Firm Brown Edwards, shares her path to leadership, and where she's taking her firm in the future.
Total current assets definition
Accounting Tools
JUNE 3, 2024
Total current assets is the aggregate amount of all cash , receivables , prepaid expenses , and inventory on an organization's balance sheet. These assets are classified as current assets if there is an expectation that they will be converted into cash within one year. A sample presentation of total current assets in a balance sheet appears in the following exhibit.
Autodesk CFO replaced by board after accounting investigation
Accounting Today
JUNE 3, 2024
The software maker's shares soared by the most in more than a year after the company reassigned its chief financial officer, resolving an internal accounting investigation that delayed filings for weeks.
Your Accounting Expertise Will Only Get You So Far: What Really Matters
Speaker: Victor C. Barnes, CPA, MBA
In the climb from contributor to leader, the rules quietly change. 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 (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). 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.
Jun 3, Preparing A Financial Plan is Essential for the Home Based Business
Bookkeeping Essentials
JUNE 3, 2024
Preparing a financial plan is essential for a small home based business. Without a plan, how do you know where you are going … and when you get there?
Boomer's Blueprint: With AI, it's not the tool that determines your success
Accounting Today
JUNE 3, 2024
Making the most of artificial intelligence requires leadership, project management and process management.
Why Cloud Cost Management, 5 Tools to Know, and Tips for Success
finout
JUNE 3, 2024
What Is Cloud Cost Management? Cloud cost management involves monitoring and managing the costs associated with cloud computing. As organizations increasingly rely on cloud services for their IT infrastructure and business applications, controlling spending becomes a critical concern. Effective cloud cost management improves the efficiency of cloud investments, and can ultimately impact an organization’s bottom line.
M&A roundup: CLA, Marcum, Doeren Mayhew, Rea expand
Accounting Today
JUNE 3, 2024
Former Baker Tilly member firms in Mexico joined CliftonLarsonAllen Global to create CLA Mexico; Marcum Technology acquired CLA's IT Enhanced Managed Services Division; Doeren Mayhew acquired Nearman, Maynard, Vallez CPAs; and Rea & Associates merged in Koontz & Parkin, CPAs.
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.
T2200 Form and Guidelines – Declaration of Conditions of Employment
Billah and Associates
JUNE 3, 2024
Work-From-Home Expenses: A Guide to the T2200 Form in Canada For many Canadians, working from home has become the new normal. While this flexibility offers numerous benefits, it can also lead to additional expenses like increased electricity bills, internet costs, and wear and tear on your home office furniture. Thankfully, the Canada Revenue Agency (CRA) allows eligible employees to claim a portion of these work-related expenses to reduce their taxable income.
MicroStrategy and its co-founder Saylor will pay $40M to settle DC tax fraud lawsuit
Accounting Today
JUNE 3, 2024
The Washington, D.C., attorney general's office sued Saylor in August 2022, alleging the crypto billionaire had failed to pay more than $25 million in income taxes.
Building a Modern CPA Firm: A Revolutionary Approach with Alan Whitman
Earmark Accounting Podcast
JUNE 3, 2024
Kick-start a new era in accountancy with Alan Whitman, the former CEO of Baker Tilly US. Using his invaluable experience as a CEO for nearly 8 years, Alan will share novel insights on transforming traditional CPA firms into modern, sustainable, and innovative powerhouses. This session delves into people development, strategic growth, service models, and methods for breaking from long-standing conventions that hinder progression.
Jun 3, Just Starting Your Own Business?
Bookkeeping Essentials
JUNE 3, 2024
When you are just starting your own business, the number of decisions to be made can be overwhelming. Your accounting system is just one of them.
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.
The role of AI in data extraction and document processing
Nanonets
JUNE 3, 2024
Data is the lifeblood of many businesses today. But what use is data if it's locked away in unstructured formats like emails, PDFs, and invoices? This is where Artificial Intelligence (AI) steps in, revolutionizing how we extract information and unlock the true potential of our data. Traditionally, data extraction was a manual, time-consuming process.
Proration definition
Accounting Tools
JUNE 3, 2024
What is Proration? Generally, proration is the process of dividing up something in a proportional manner, such as the expenses among tenants that relate to common area expenses. Several variations on the concept are noted below. Proration in Overhead Cost Allocations Proration can refer to the allocation of under- or over-allocated overhead costs among the work-in-process , finished goods , and cost of goods sold accounts at the end of an accounting period.
Acumatica Expense Management
Tipalti
JUNE 3, 2024
Acumatica expense management can help businesses shorten expense cycles, more accurately input and track key data, and streamline project expenses.
Total labor cost definition
Accounting Tools
JUNE 3, 2024
What is Total Labor Cost? Total labor cost is the aggregate cost of the hours worked by all employees , plus all related payroll taxes and benefits. This amount is used in the budgeting of financial results for a business. Total labor cost is comprised of a number of line items, which include the following: Direct labor cost. This is the wages paid to production employees, including their overtime hours worked.
8 Pillars of Leadership Development
Advertiser: Paycor
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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