Fri.Dec 01, 2023

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SEC approves PCAOB audit confirmation standard

Accounting Today

The Securities and Exchange Commission voted to approve a new standard for audit confirmations that updates a decades-old standard to recognize the use of technology.

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What Inspires a Great Company to Promote a Healthy Work-Life Balance | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

We are thrilled to announce that Episode 7 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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IMA certification aims to address accounting talent shortage

Accounting Today

The Institute of Management Accountants is rolling out a new Financial and Managerial Accounting Associate certification that requires no prerequisites like a college degree.

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The Support to Grow your Tax and Bookkeeping Career, Your Way

Intuit

Anisha Wells wants to make a difference in this world for her family—and for just about everyone else she knows and meets. She developed a real passion for helping and serving others in her previous roles as a daycare director and property manager. However, Anisha’s unpredictable work schedule often left her with little to no work-life balance as she juggled her demanding personal and professional commitments.

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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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IFRS Foundation opens knowledge hub for sustainability standards

Accounting Today

The hub will support use of the International Sustainability Standards Board frameworks for disclosing climate risks, in conjunction with the UN COP28 climate change conference.

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Year-End Accounting Checklist

Less Accounting

Wrap 2023 Up in a Bow: Here's Your Year-End Accounting Checklist As you wrap up gifts for loved ones, you might be considering what else needs to be done to wrap up your business for the year. This year-end accounting checklist can help you confidently cruise into the holiday season, leaving you ready to make a splash in the new year. Motivation to Start Today It’s tempting to push accounting and bookkeeping tasks into next year, but by the end of January, you’ll wish that you had p

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Track Profitability at Your Machine Shop

CSI Accounting & Payroll

Some machine shop owners think they know how much it costs to run a job based on instinct or experience. Others simply rely on bank balances to measure the success of their business at the end of each month. Unfortunately, neither of these methods are enough to break down your profitability. How do you track what's valuable to your shop? At CSI Accounting & Payroll, we've worked with machine shop accounting for over 50 years.

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Ability, affability and availability

Accounting Today

How many of the three A's would your clients say you possess?

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Decoding BANT: AI's Precision vs. Human Intuition in Sales

Nanonets

Ask any salesperson and they will say their single biggest problem is trying to get more high quality leads. The problem can be broken up into getting more leads and focusing on the higher quality ones when you do get them. The winning sales team needs to constantly prioritize which leads to focus on and invest their time wisely. Having a clear framework to qualify leads can go a long way in identifying the most promising leads, having tailored conversations and quicker conversions!

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Tech News: AuditClub now CPAClub, adds tax and advisory solutions

Accounting Today

Plus, Xero now automatically calculates sales tax; and other accounting technology news and updates.

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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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QuickBooks Hosting: All-in-one Managed Accounting Solution for Businesses

Ace Cloud Hosting

Experience seamless and comprehensive accounting with QuickBooks Hosting – your all-in-one solution for accounting operations anywhere and anytime. Today’s business landscape is competitive and dynamic. Businesses must rapidly adapt and.

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On the move: Moss Adams launches gov't contractors practice

Accounting Today

The Top 100 Firm adds a service line, CohnReznick announces a number of awards, and other news from across the profession.

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Evaluating Your Procure-to-Pay Process to Prepare for Business Process Automation Software

NextProcess

What does your company’s procure-to-pay process look like? That might be a harder question to answer than you think. If you haven’t evaluated or mapped out your company’s procure-to-pay (P2P) process recently, then you likely don’t have a complete view of all the steps in the process. In one 2017 survey, 69% of companies said they didn’t have full visibility into their supply chain, which is a key aspect of the P2P process.

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Binance's VIP traders got sneak peek of record US crypto penalty

Accounting Today

The IRS's Western Cyber Crimes Unit based in Los Angeles took the lead for the agency and worked with the U.S. attorney's office for the Western District of Washington, which is based in Seattle, on the case.

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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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The 4 Types of Kubernetes Cluster Networking Models Explained

Economize

Kubernetes (Aka K8s) is a powerful system for managing containerized applications across clusters of hosts. It simplifies deployment, scaling, and operations by efficiently handling groups of containers, a necessity for rapidly changing cloud environments. Understanding the different types of Kubernetes networking models is essential for anyone working with K8s.

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FreshBooks vs. Xero Vs Quickbooks Vs Invoicera- A complete Comparison

Invoicera

Studies reveal that 78% of businesses credit their growth to adopting sophisticated accounting software. Source: Business News Daily Among the top software, FreshBooks, Xero, QuickBooks, and Invoicera stand out. FreshBooks offers user-friendly features, Xero boasts a robust cloud-based platform, QuickBooks is versatile for businesses of all sizes, and Invoicera excels in diverse invoicing capabilities.

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New Generation of Credit Managers Take a Fresh Approach to Customer Relationships

NACM

?️ On today's episode of NACM's Extra Credit podcast. As the new generation of credit professionals takes over the B2B credit industry, they are approaching customer relationships differently. However, the goals remain the same—create a strong sense of trust, improve customer service and mitigate risk.⭐ Hear from Jason Mott; Dr. Merry Duan.

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US sets stringent limits on Chinese content for EV tax credit

Accounting Today

The guidelines, which were required as part of a deal to extend the $7,500 tax credit through Biden's signature climate law, set a 25% ownership threshold for a company or group to be classified as a foreign entity of concern.

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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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When a young accountant bought a donkey

Accounting Fun

Many years ago a young accountant, Warren, moved to the country and bought a donkey from an old farmer for £200. The farmer agreed to deliver the donkey the next day. When he drove up the farmer said: "Sorry son, but I have some bad news. The donkey died." Warren replied, "Well then, just give me my money back." The farmer said, "Can't do that. I've gone and spent it already.