Going Concern

OCTOBER 12, 2022

Next up in our preview of accounting salaries for 2023 is the latest Finance & Accounting Salary Guide from staffing agency Randstad. Randstad, Robert Half, and Accounting Principals are probably the “big 3” when it comes to publishing accounting and finance salary prognostications for the coming year.

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Withum

DECEMBER 14, 2023

On December 13, 2023, the Financial Accounting Standards Board (FASB) finalized Accounting Standards Update (ASU) 2023-08 “Accounting for and Disclosure of Crypto Assets”. Contact Us The post Accounting Standards Update 2023-08: FASB’s New Crypto Accounting Guidance appeared first on Withum.

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Accounting Insight

NOVEMBER 1, 2024

New research released today, by UK accounting software provider iplicit, has revealed that the fear of losing historical financial data is the major barrier to upgrading from legacy accounting systems. By sticking with legacy software, finance leaders are likely to be holding their organisations back.

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CPA Practice

NOVEMBER 5, 2024

million to settle a Securities and Exchange Commission lawsuit that alleges that two former executives committed accounting fraud at the Stamford-based company. The accounting problems came to light in April 2023, when Lovesac’s finance team found that approximately $2.2 (TNS) Nov. It finished the quarter ending Aug.

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Going Concern

OCTOBER 2, 2023

That’s the percentage of hiring managers in finance and accounting having trouble finding skilled talent according to recent Robert Half research. For example, according to data from the BLS, the unemployment rate for accountants and auditors is 0.9%, and for financial clerks, it’s just 0.3%.

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Accounting Insight

DECEMBER 6, 2024

New data published today from award-winning accounting software provider, iplicit, has revealed that the time it takes to prepare month-end accounts is on the rise. Over half of UK finance decision-makers admit that it takes over a week to prepare and submit month-end accounts (55%). This has risen from 39% in 2023!

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CPA Practice

NOVEMBER 6, 2023

AICPA News is a round-up of recent announcements from the American Institute of Certified Public Accountants. The program allows UMCS students to kickstart their careers by developing their accounting, finance, and business skills and earning prestigious professional qualifications alongside their university studies.

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CPA Practice

OCTOBER 22, 2024

Since 2019, Grant Thornton has teamed up with Workday , a leader in enterprise cloud applications for finance and human resources. Davis has delivered numerous successful ERP transformations and works directly with business leaders to analyze, implement and modernize various ERP solutions.

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Going Concern

DECEMBER 9, 2022

The latest group of fortune tellers gazing into crystal balls to figure out what accounting salaries will be like next year are from the recruitment firm Hays U.S. In its 2023 salary guide , Hays provides salary ranges for accounting and finance jobs in nine states, plus the District of Columbia. Tax accountant.

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Cherry Bekaert

MAY 3, 2024

Accounting and finance employment is projected to grow 4% from 2022 to 2032, with about 126,500 openings for accountants and auditors each year on average. 1 But attracting and retaining talent is proving difficult for several accounting recruiters and accounting talent acquisition specialists. retirement).

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Going Concern

SEPTEMBER 30, 2022

’ Tis the season for Robert Half either inflating or popping your balloon when it comes to projected starting salaries in public accounting for the coming year. In the public accounting category, Robert Half provided 2023 starting salary projections for four roles in tax services and four roles in audit and assurance services.

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CPA Practice

OCTOBER 9, 2024

A new report from cybersecurity solutions provider Heimdal Security revealed that finance and IT are the industries most targeted by job scammers. They’re also costly for consumers, with a median loss of more than $2,000 in 2023. Why is finance at the top of the list of the most targeted industries?

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CPA Practice

OCTOBER 2, 2023

hiring and employment trends found that 95% of hiring managers in finance and accounting face challenges in locating skilled candidates available for hire. In finance and accounting specifically, nearly two-thirds (66%) of the hiring managers we surveyed said they want to hire talent for new jobs.

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AccountingDepartment

FEBRUARY 9, 2023

Yet this isn’t necessarily the case — particularly regarding client accounting services (CAS). And why is 2023 the year businesses should consider implementing CAS into their strategy? Taking into account the challenges put forth by the pandemic and the current economic uncertainty, the need for CAS has been kicked into overdrive.

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Insightful Accountant

FEBRUARY 14, 2024

NetSuite has been named a Leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Mid-market Finance and Accounting Applications 2023–2024 Vendor Assessment.

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Going Concern

OCTOBER 1, 2022

ICYMI yesterday, we reported that starting salaries for public accounting next year are expected to increase between 2.3% and 5.8% , depending on the position and an employee ’s experience, according to data we analyzed from Robert Half ’s 2022 and 2023 Accounting & Finance Salary Guides. New York City.

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Cherry Bekaert

OCTOBER 25, 2023

The Financial Accounting Standards Board (FASB) has issued Accounting Standard Update (ASU) 2023-03 through ASU 2023-06. However, three of the four ASUs pertain to SEC guidance contained in the Codification and there were no new standards issued by the Government Accounting Standards Board (GASB) this quarter.

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CPA Practice

MAY 15, 2023

The Illinois CPA Society (ICPAS), in partnership with the ICPAS Women’s Committee, presented the recipients of the prestigious 2023 Women to Watch Awards at the ICPAS Women’s Leadership Forum last Friday, May 12, 2023, in Chicago, where they received their awards and participated in a panel discussion on advancing women in the accounting profession.

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CPA Practice

DECEMBER 18, 2023

The Leadership Academy features career-development workshops and sessions with some of the accounting profession’s most prominent leaders, which this year included AICPA Chair Okorie Ramsey, CPA, CGMA, PMP, NACD.DC; and AICPA President and CEO Barry Melancon, CPA, CGMA.

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CPA Practice

FEBRUARY 23, 2023

What is the fastest-growing challenge facing accounting firms and internal audit departments today? More than 90% point to hiring and retaining skilled accountants and auditors. Responses were gathered from more than 4,100 accountants and 2,300 auditors. Some are even turning away business due to a shortage of staff.

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Going Concern

OCTOBER 10, 2024

In a post published on October 7th by Montclair State University titled “ Top 5 Reasons to Transition to an Accounting Career ” that can be best described as a thinly veiled advertisement for their Master’s program, the university explains “why making the leap into accounting might be the best move you ever make.”

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CPA Practice

SEPTEMBER 13, 2023

Salaries for an accountant are expected to range, depending on experience, from $57,719 to $104,788 in 2024, as the balance of power tilts slightly back toward employers with the Great Resignation winding down , according to the 2024 Salary Guide from staffing agency Randstad USA.

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CPA Practice

JANUARY 27, 2023

RMD Age Increased Individuals saving for retirement via individual retirement accounts (IRAs) and most employer-sponsored retirement accounts must begin taking required minimum distributions (RMDs) when they hit a certain age. This age limit increases to age 73 in 2023 and age 75 in 2033. reduces this tax to 25% in 2023.

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CPA Practice

SEPTEMBER 6, 2023

From the advent of first-to-market generative AI systems like ChatGPT, to highly specialized, accounting-focused systems, proponents of AI are fervent in their belief that the technologies will dramatically improve client services, firm management, small business accounting and many other areas of operations.

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Accounting Insight

NOVEMBER 15, 2024

iplicit named 40th fastest-growing tech company iplicit Ltd, the fastest selling mid-market accounting solution in the UK, has been listed among the 50 fastest-growing tech companies in the UK. The 50 fastest growing UK technology companies, as ranked by Deloitte, generated £1.93bn in total annual revenues in the year 2023/24.

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Cherry Bekaert

SEPTEMBER 28, 2023

The September issue of the Regulatory Compliance Digest features a summary of the latest updates including FDIC’s 2023 Risk Review, FFIEC releases Census Flat Files and updates to the BSA/AML Examination Manual, OFAC’s Web Series Launched, CFPB Filing Instructions Guide for Small Businesses and more. banking system.

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Going Concern

OCTOBER 3, 2023

Staffing authority Robert Half has released its much-anticipated 2024 Salary Guide and just like years past, the guide is packed with intel not only on finance and accounting but the greater job market that we really don’t care about. Percentage change is in parentheses and rounded to two decimal places.

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Going Concern

OCTOBER 14, 2024

An ‘everygirl’ tells the tale of being pressured to choose a major, landing on accounting, and regretting the decision in ‘ I Was Dedicated to My 5-Year Plan—and Then It Blew Up in My Face ‘: It was the fall semester of my sophomore year of college. Land an internship at a prestigious accounting firm.

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CPA Practice

JULY 30, 2024

Tipalti , the leading global finance automation company, has released new research revealing the priorities of CFOs in 2024 as they navigate the challenges of business growth. fewer resources or smaller budgets—in 2024 compared to 2023. However, the majority (65%) rate their organizations’ readiness as moderate or less.

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CPA Practice

FEBRUARY 13, 2023

Cost accounting and inventory management: This includes standard cost systems, activity-based costing, and cost-volume-profit analysis, among others. Lean accounting: This is a management accounting approach that aligns with the principles of Lean manufacturing, including reducing waste and maximizing value.

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CPA Practice

JUNE 5, 2023

Pitter Presidential Scholarship will to honor the legacy of Pitter, who is set to retire on December 31, 2023. On May 1, 2023, the Society announced that Pitter was retiring and Deputy CEO Zach Donah, CAE, would succeed her as President and CEO effective January 1, 2024.

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Cherry Bekaert

SEPTEMBER 21, 2023

These can be filed online through a taxpayer’s Revenue Online account beginning September 1, 2023, and until June 30, 2024. Taxpayers affected will automatically have their accounts adjusted to reflect the abated penalty. Illinois The Illinois Department of Revenue recently issued an Informational Bulletin FY 2024-03.

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CPA Practice

JUNE 1, 2023

AICPA & CIMA Now Offers New Learning Tools for Accounting Professionals The AICPA & CIMA recently announced the offering of anew online learning platform to help accounting and finance professionals improve and update their skills to take advantage of a digital accelerating business environment.

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CPA Practice

JUNE 12, 2023

The Illinois CPA Society (ICPAS)—one of the largest state associations in the nation serving the certified public accountant (CPA) community—has presented Daniel F. CGMA, with its prestigious 2023 Lifetime Achievement Award. I am exceedingly grateful to receive the Illinois CPA Society’s 2023 Lifetime Achievement Award.”

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CPA Practice

NOVEMBER 14, 2023

Businesses Hope to Maintain Human Judgment Amidst AI Adoption Finance has seen a transformative shift by integrating AI in predictive analytics and risk assessments. This technology has equipped finance professionals with greater precision, speed in decision making and the ability to handle large amounts of complex financial data.

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CPA Practice

FEBRUARY 8, 2023

Nearly half (48.8%) of C-suite and other executives expect the number and size of cyber events targeting their organizations’ accounting and financial data to increase in the year ahead according to a new Deloitte Center for Controllership poll. Yet just 20.3% During the past 12 months, 34.5% During the past 12 months, 34.5%

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Withum

JANUARY 31, 2024

Withum’s global advisory and accounting network, HLB International, has been named the Best Cross-Border Collaboration for Tax Solutions Global 2023 by Capital Financial International (CFI). CFI is a print and online journal reporting on economics, business, finance, and markets across the globe.

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