Accounting is a system of recording, analyzing, and interpreting financial transactions and information of a business or organization. It involves the process of summarizing financial data and presenting it in a form that is understandable and useful for decision-making.
Course Content
Accounting
Accounting is a system of recording, analysing, and interpreting financial transactions and information of a business or organisation. It involves the process of summarising financial data and presenting it in a form that is understandable and useful for decision-making.
For anything Accounting related that doesn’t require its own separate discussion.
The CPA industry is undergoing profound change, reshaping the landscape of professional services. The traditional partnership model that has long been the backbone of these firms is facing unprecedented challenges in today’s marketplace. Highly skilled college graduates are increasingly drawn to career options offering greater flexibility, faster advancement and earlier equity participation. To attract and retain top talent, industry leaders must adapt by reevaluating their organizational structures and value propositions. This need for adaptation is evident even to those of…
Wondering which category of staff is most likely to leave your firm? Look to the middle, suggest the results of an ongoing survey. “Who’s most likely to leave? Directors, senior managers and managers,” Seth Fineberg, the founder of consultancy Accountants Forward, told the attendees of the second annual Bridging the Gap Conference, held this week in Chicago. Fineberg based the advice on the preliminary results of the inaugural Accountants Annual Professional Satisfaction Survey, according to which over a third (38%)…
Going concern opinions have decreased by 31% over the past two decades, according to a new report from Ideagen Audit Analytics. The number of companies that received going concerns hit 1,515 in 2023, down from 2,202 in 2004. Total going concern opinions peaked in 2008 at 2,853 during the financial crisis. Going concerns and total opinions then both slowly declined until 2021 and 2022, when there was a spike due in large part to the COVID-19 pandemic and the influx…
The new presumptive presidential nominee for the Democratic Party carries a long paper trail in tax policy. That history may alter the debate in a pivotal election ahead of a looming deadline next year. President Joe Biden’s decision to leave the race and endorse Vice President Kamala Harris sets her up to be the party’s nominee. This will lead to greater examination of Harris’ record in her current role, as well as her 2019 candidacy, her time as a senator…
Digital tools have become indispensable allies in our quest for efficiency and accuracy. From cloud-based software to automated workflows, technology continues to revolutionize how we work, enabling us to streamline processes, reduce errors, and provide real-time insights to our clients. However, as we embrace these powerful tools, we must be mindful not to lose sight of the human element within our profession’s core. Accounting is a people-centric industry. Our success depends not only on our technical skills but also on…
The RSM network made five strategic acquisitions in Europe, including specialist audit and consulting firms in Austria, Denmark and France, as well as a prestigious law firm in Spain. The deal in Denmark allows the combined business to reach billings of US$28 million. The deals, which were announced at RSM’s regional conference in Europe, mark a major milestone for RSM, enhancing its market position through expansion of its geography and services. “As we deliver RSM’s ambitious 2030 Global Strategy –…
Identity management solutions provider iDenfy announced that its free Know Your Customer plug-in is now available on no-code platform Bubble. The plug-in features built-in document verification, facial recognition, and 3D liveness detection solutions. It also enables companies to confirm the identity of global users to safeguard against fraudulent attacks. … Document management and client portal company SMARTVAULT and client experience platform Liscio.me announced a strategic integration. The SmartVault-Liscio integration offers features including integration with tax apps, two-way file transfer, enhanced…
Plante Moran, Southfield, promoted to partner: Matthew Bohdan, risk and accounting advisory services, Southfield; Eric Bowers, Plante Moran Financial Advisors, East Lansing; Amanda Carrigan, risk and accounting advisory services, Denver Tech Center; Alicia Cole, wealth management, Detroit; Ben Cote, tax, Denver Tax Center; Adam Counts, assurance, Southfield; Ryan Defer, tax, Chicago; Stephen Eckert, tax, Chicago; Ryan Fedricks, Plante Moran Financial Advisors, Auburn Hills; Alan Gallatin, tax, Southfield; Dana Hullinger, tax, Southfield; Curt Hurd, assurance, Southfield; Rachelle Jeselnik, tax, Chicago; Matthew…
The Internal Revenue Service’s final regulations on new and previously owned clean vehicle credits along with the transfer of eligible credits took effect July 1, and accounting firms are helping clients take advantage of the tax incentives. “When I’m talking to clients, often the questions are really, am I eligible? How much is the credit for? What do I need to do to claim it?” said Jess LeDonne, director of policy and legislative affairs at The Bonadio Group in Rochester,…
You need to be on your toes if you work in sales tax, as states are known to make substantial sales tax policy changes with little to no notice. Vermont, North Carolina, New Jersey and Ohio provide standout examples this summer. Vermont taxes remotely accessed prewritten software, short-term rentals On June 6, 2024, Governor Phil Scott received a bill that (among other things) extended Vermont sales and use tax to remotely accessed prewritten computer software. He promptly vetoed it, but…
