article thumbnail

Inside GASB's far-reaching agenda

Accounting Today

Most of the questions deal with Statement 103 , the financial reporting model improvements standard that GASB issued last year, which will take effect in 2026. Digital reporting GASB is also continuing to work on a digital taxonomy of its standards, known as the Voluntary Digital Financial Reporting Project.

article thumbnail

Outsourced Client Accounting Services: Streamlining Financial Management

Accounting Department

These services involve outsourcing the accounting and bookkeeping tasks to a third-party service provider, allowing businesses to focus on their core operations.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Optimizing Financial Management through Outsourced Client Accounting Services

Accounting Department

These services involve outsourcing the accounting and bookkeeping tasks to a third-party service provider, allowing businesses to focus on their core operations.

article thumbnail

Streamlining Financial Processes: The Impact of Client Accounting Services on Efficiency

Accounting Department

Efficient financial processes are essential for the success and growth of any business. However, managing tasks like invoicing, payroll management, and financial reporting can be time-consuming and complex, diverting valuable resources from core operations. This is where client accounting services come into play.

article thumbnail

What careers can you pursue with an accounting degree?

Intuit

Certified management accountant (CMA) A certified management accountant (CMA) specializes in financial planning, analysis, control, and decision support. This role combines accounting expertise with strategic business insight. Corporate controllers are key figures in financial management and strategy.

article thumbnail

GASB gives guidance on pronouncements

Accounting Today

2025-1, Implementation Guidance Update–2025 , addresses the application of GASB standards on leases, accounting changes and error corrections, conduit debt obligations, cash flows reporting, compensated absences, and financial reporting model improvement. Courtesy of GASB Implementation Guide No.

article thumbnail

Bookkeeping vs. Accounting: Here’s how they differ

Intuit

Management teams rely on them to make strategic decisions about resource allocation and budgeting. Regulatory bodies may use them to ensure companies comply with financial reporting standards. In short, accountants take raw bookkeeping data and turn it into actionable insights that drive informed decision-making.