Wed.Nov 01, 2023

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CFOs should embrace digital transformation or risk irrelevance

Accounting Today

In an ever-shifting global landscape full of economic uncertainties, the traditional role of chief financial officers is undergoing a seismic evolution.

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Revenue vs. Profit: Understanding the Difference and the KPIs that Matter

Accounting Department

Business owners strive to maximize their company’s profits. After all, profits are the primary metric of a successful business. However, not everyone understands the difference between revenue and profit, and why it matters for their business.

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IRS increases 401(k) and IRA limits

Accounting Today

The service issued its annual adjustments for retirement plans, with some reflecting changes in the SECURE 2.0 Act.

Tax 331
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Xero Awards UK: Introducing our 2024 judges

Xero

We’re excited to announce our official judging panel for the Xero Awards UK 2024. This year’s panel is made up of Xero leadership, as well as guest judges from the Xero community, including previous Xero Award-winners and industry leaders. They’re taking on the difficult task of selecting our winners for the 12 accountant, bookkeeper and app partner award categories.

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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 extends time to 'perfect' R&D tax credit claims

Accounting Today

Taxpayers will now have through Jan. 10, 2025, to fix a refund claim.

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Imagineering Field Service Management for NetSuite

Insightful Accountant

I put my mind to work while I was at SuiteWorld to think about new ways to 'imagineer' the uses for the new NetSuite Field Service Management feature.

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More Trending

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How to calculate payroll

Accounting Tools

Related Courses How to Audit Payroll Optimal Accounting for Payroll Payroll Management The calculation of payroll involves the determination of gross pay , followed by the subtraction of deductions and payroll taxes to arrive at net pay. The calculation of payroll is a highly regimented process. This calculation should be followed meticulously, to ensure that there are no mistakes in the amount of net pay issued to employees , or taxes paid to the government.

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Choreo acquires BDO wealth management business

Accounting Today

Choreo, a Chicago-based independent investment advisory firm that spun off from Top 10 Firm RSM US last year, has acquired an $8.1 billion wealth management practice from BDO USA.

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The components of cost volume profit analysis

Accounting Tools

Related Courses Financial Analysis The Interpretation of Financial Statements Cost volume profit analysis shows how changes in product margins, prices, and unit volumes impact the profitability of a business. It is one of the fundamental financial analysis tools for ascertaining the breakeven point , given different cost levels and sales volumes. The components of the analysis are as follows: Activity Level The activity level is the total number of units sold in the measurement period.

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M&A roundup: Adams Brown, Doeren Mayhew and VSCPA expand

Accounting Today

Adams Brown merged in VonFeldt, Bauer & VonFeldt; Doeren Mayhew acquired practice from Button Eddy & Sorrentino; and the Virginia Society of CPAs acquired Don Farmer, CPA, PA.

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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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How to account for a patent

Accounting Tools

Related Courses Accounting for Intangible Assets Fixed Asset Accounting How to Audit Fixed Assets A patent is considered an intangible asset ; this is because a patent does not have physical substance, and provides long-term value to the owning entity. As such, the accounting for a patent is the same as for any other intangible fixed asset, which is: Initial recordation.

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PCAOB rejiggers future agendas after busy year

Accounting Today

The Public Company Accounting Oversight Board has revised its standard-setting, rulemaking and research agendas for the year ahead after a series of unprecedented changes this past year.

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What are direct materials?

Accounting Tools

Related Courses Accounting for Inventory Cost Accounting Fundamentals How to Audit Inventory Direct material is the physical items built into a product. For example, the direct materials for a baker include flour, eggs, yeast, sugar, oil, and water. The direct materials concept is used in cost accounting , where this cost is separately classified in several types of financial analysis.

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Vendor Spotlight: Airbase

Accounting Today

In this Vendor Spotlight, we learn more about procure-to-pay solution Airbase.

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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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Factory cost definition

Accounting Tools

Related Courses Accounting for Inventory Cost Accounting Fundamentals What is Factory Cost? Factory cost refers to the total cost required to manufacture goods. This concept is the basis for several cost accounting analyses. Factory costs have traditionally been broken down into the following three categories of cost. Direct Materials Direct materials is the cost of those materials directly associated with the production of goods.

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Private sector added 113K jobs in October

Accounting Today

Annual pay increased 5.7% year over year in another sign of continuing strength in the economy despite interest hikes and inflation.

Payroll 195
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What is an accountant?

Accounting Tools

Related Courses Accountants' Guidebook Bookkeeping Guidebook New Controller Guidebook An accountant is a person who records business transactions on behalf of an organization, reports on company performance to management, and issues financial statements. Here are several examples of the types of transactions in which an accountant may become involved: Issuing an invoice to a customer , which involves recording a sale and account receivable.

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RSM Int'l CEO to step down in May

Accounting Today

Jean Stephens, who has led the group for 17 years, plans to step down in May 2024 and become a senior advisor to the network.

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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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Expense allocation definition

Accounting Tools

Related Courses Activity-Based Costing Cost Accounting Fundamental What is an Expense Allocation? An expense allocation occurs when indirect costs are assigned to cost objects. Expense allocations are required by several accounting frameworks in order to report the full cost of inventory in the financial statements. A cost object is anything for which a cost is compiled.

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Top Tax Season Challenges: A Survival Guide for Tax Professionals

Ace Cloud Hosting

In today’s ever-changing world, tax professionals face a daunting challenge: keeping up with the ever-evolving tax laws and regulations. With the increasing globalization of business and the rapid pace of.

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Headlines: How a Vegas Hotel Manager Allegedly Stole $773K in Guest Refunds

Cloud Accounting Podcast

A former Vegas hotel manager is accused of stealing over $773,000 in guest refunds and using the money to live lavishly. We unpack how he allegedly pulled off the massive refund scam and what could have been done to catch it sooner. Need CPE? Get CPE for listening to podcasts with Earmark: [link] Subscribe to the Earmark Podcast: [link] Get in Touch Thanks for listening and the great reviews!

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LaneTerralever Boosts Revenue with Streamlined Payments

AvidXchange

LaneTerralever, a premier full-service creative and digital marketing agency, is known for strengthening the connection between people and brands through strategy, creativity and technology. With award-winning campaigns that go beyond the scope of creative, the company understands what it takes to be successful in a complex and crowded marketplace. It takes more than a great idea.

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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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3 Top Tools for Efficient Email

Future Firm

Effectively managing emails can be a time-consuming task. Explore these tools that can aid in handling your inbox and enhance efficiency. The post 3 Top Tools for Efficient Email appeared first on Future Firm.

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Stripe Fee Calculator

Tipalti

Effortlessly calculate invoice processing fees with our Stripe fee calculator. Get precise cost breakdowns and help streamline your payment processing.

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Management buyout definition

Accounting Tools

Related Courses Business Combinations and Consolidations CPA Firm Mergers and Acquisitions Divestitures and Spin-Offs Mergers and Acquisitions What is a Management Buyout? A management buyout occurs when the existing management team of a business buys the company from its shareholders. This can generate substantial wealth for the management team and gives them greater control over the business.

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White House warns that Biden would veto GOP's Israel aid bill that cuts IRS funding

Accounting Today

House Republicans would paid for aid to Israel by slashing funds for the Internal Revenue Service.

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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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Capacity cost definition

Accounting Tools

Related Courses Constraint Management Cost Accounting Fundamentals What is Capacity Cost? Capacity costs are expenditures made to provide a certain volume of goods or services to customers. For example, a company may operate a production line on three shifts in order to provide goods to its customers in a timely manner. Each successive shift constitutes an incremental capacity cost.

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Trump's three children set to testify in his NY fraud trial

Accounting Today

Letitia James alleges all three Trump children were central figures in a scheme to inflate the former president's assets by as much as $3.6 billion a year to get better terms on loans and insurance policies.

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Earnings call definition

Accounting Tools

Related Courses Investor Relations Guidebook Public Company Accounting and Finance What is an Earnings Call? An earnings call is a conference call between the senior managers of a public company and members of the investment community, to discuss the performance of the business. Earnings calls are intended to provide investors with additional clarification about the financial results and financial position stated in a firm’s financial statements , typically expanding upon and explaining financia

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Aggressive accounting definition

Accounting Tools

Related Courses Fraud Examination Fraud Schemes How to Audit for Fraud What is Aggressive Accounting? Aggressive accounting is the use of optimistic projections or gray areas in the accounting standards to overstate a firm’s financial performance. These actions are taken to give the investment community a falsely enhanced view of a business, or for the personal gain of management.

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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.