interesting accounting articles

To get a sense of the how much change the accounting profession is undergoing, look no further than recent changes to the CPA exam. Suite 700 Today, May 22, is Accounting Day. Africa, Middle Furthermore, you can find the "Troubleshooting Login Issues" section which can answer your unresolved problems and . Test yourself with our fraud quiz and see how you do. As we look ahead to what is sure to be a busy 2019, we rounded up the top accounting articles of 2018. Some 77% of accounting professionals would like to continue to work remotely. Smaller companies outsource accounting to avoid hiring additional headcount. Top 30 Accounting Research Paper Topics. Its a finance teams master document that shows all of the business transactions accounts payable and receivable, cash on hand, capital assets. Forty-two percent of public companies are either still assessing the impact of the new lease accounting rules or have not even gotten that far, finds PwC. Case Study No.1: STARTING YOUR OWN BUSINESS. businesses discover, interpret and act on emerging opportunities and That is why it is imperative to create a project . To celebrate this anniversary, let's explore Accounting Wire's top 10 accounting articles of the past five years: 1. Chain Management, Fixed Published by the American Institute of CPAs. If you don't. Additionally, outsourcing can sometimes give you access to skillsets, technology and expertise your company would not easily or affordably replicate by hiring new headcount and investing in your own infrastructure. I don't really know jack shit. With multiple automation, the application saves your business time in performing otherwise manual tasks. Companies, Transportation 2022 will continue to allow accountants to showcase their resilience and their indispensable role in the business. Hence, Xerox is the ideal accounting software for businesses. Info. When marketing, manufacturing, product design . & Logistics, Wholesale Looking For a Good Franchise Accountant? It helps in determining where a company stands in terms of monetary gains and losses. I have two short papers due tomorrow where I have to summerize and compare two articles and two videos on a subject related to accounting. Date: August 16, 2022. Audit and Accounting. A shorter time frame, open communications, and financial diplomacy all enable a smoother and faster annual budgeting process. Accountants continue to report high rates of burnout and stress due to managing too many responsibilities and should take advantage of programs whenever possible. Furthermore, you can find the "Troubleshooting Login Issues" section which can answer your unresolved problems and . What is new in the accounting world? Displaying 1 - 20 Accounting Articles This article will look at the benefits of having a specialized niche, how to determine which niche . The students are able to reap the benefits of cheap and customized dissertation help through this. Here are a few that can be used with the help of excellent accounting advice: No provisions for bad debts even though the debts are old and the customers are out of business. Services Automation, Supply More and more, accountants must rely on the so-called soft skills, leadership and other traits associated with emotional intelligence. Strictly speaking, the 'International Accounting Standards' ('IAS') are a specific set of norms for the presentation of financial accounts, developed by the International Accounting Standards Board (IASB). -The FBI employs more than 2000 accountants! . All Accounting & Auditing articles. Tags: #1. NetSuite has packaged the experience gained from tens of thousands of worldwide deployments over two decades into a set of leading practices that pave a clear path to success and are proven to deliver rapid business value. The Big 4 consists of PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young, and KPMG. Forensic accountant. Superior Glass also incurs $1,250 in factory overhead costs during the accounting p Read more, The post-closing trial balance contains real accounts only since all nominal accounts have already been closed at this stage. Accounting information is much more than just the outcome of bookkeeping records. Discover the products that 32,000+ customers depend on to fuel their growth. First, you need to brainstorm unique ideas to write your paper about. Corporate Entertainment Accounting Jobs One of the more glamorous accounting jobs available to those with CPA training is corporate entertainment accountant. As we look ahead to what is sure to be a busy 2019, we rounded up the top accounting articles of 2018. But remote work brings challenges to accounting and finance teams - who for decades have done tasks such as month-end close by means of long nights in the office. Auditors Approved It Anyway. We've not given any accounting of, 'Here's how we're doing it,"' said Thomas Kelly, a spokesman for JPMorgan Chase, which received $25 billion in emergency bailout money. Learn how NetSuite Financial Management allows you to quickly and easily model what-if scenarios and generate reports. You can register for a free membership that will give you access to podcasts, bi-weekly email newsletters and access to exclusive rankings like . There are 10 critical issues that U.S. companies are struggling with as they prepare for ASC 842. Force Automation, Configure, Assets Management, Global Focusing on a specific niche can give you the edge you need, if you're starting a new firm or trying to give your existing firm more direction. However, the way the research will go is predetermined by the chosen topic. A businesss economic liabilities is not a topic often discussed even less so when theyre ones that GAAP doesnt require you to present. 3 Reasons Businesses Should Migrate Dynamics GP to Business Central by Robert Jolliffe Growing tax gap shows need for better service, compliance, IRS says. 2.0. Two basic rules of thumb for choosing a research topic is researching something you are familiar with or choosing something completely different and new. Accounting is known for numbers, and thus, many people perceive it to be bland and boring. Enterprise Resource Planning (ERP) systems are transforming how businesses of all kinds and sizes operate and succeed. When you are a small busines owner, you Have to save every penny to reevaluate and prosper your business in the right way. But the benefit of continuous accounting isnt just fewer late nights for your accounting team. Five years ago, Wipfli began putting together our monthly Accounting Wire newsletter to give our clients articles and news on top accounting topics. Posted by 8 years ago. Really Researchable. The secon Read more, An enrolled agent must take and pass the IRS Special Enrollment Examination , although a college degree isn't necessary. Interested in accounting? Close. Learn New Things A profession becomes boring when you start to repeat the same patterns and there's absolutely nothing new in store for you. Guides, Terms of Use Following these top 10 tips could have a significant, positive impact on your overall operations. New ideas come and go, and business concepts are constantly evolving toward a better economic cause. This site uses cookies to store information on your computer. How to address challenges when applying the FASBs new principles-based model for revenue recognition. 2. Have an idea of what youd like to see covered in future Accounting Wire articles? Open Access Article. Discuss different ways of escaping financial fraud Discuss effective ways via which organizations can reduce tax How do the financial markets affect managerial accounting What does accounting theories mean for business Follow Us In Real Time: googlenews; twitter; applenews; facebook; linkedin; About Us; Contact Us; The Magazine; RSS Feed; There are no articles related to this one yet. Youre probably asking, Do these days actually exist? Yes, yes they do. The title of this article is pretty self-explanatory. But those that take the leap are reaping the benefits. Many accounting topics for research papers need to draw a reader's attention right from the start. The 100-plus year-old licensing gold standard recently announced that its 2021 exam would push an emphasis on understanding business processes, automation, data analytics and the need for a digital and data-driven mindset. At the same time, it phased out other topics, such as the testing on the difference between IFRS and GAAP standards and specialized knowledge on estate taxes and trust. . With todays unforgiving economy, its more critical than ever for finance chiefs to communicate with their boards effectively. For example, did you celebrate #NationalUnicornDay on April 7? Manual accounting versus accounting software; Theyve put processes in place to account for new revenue from subscription models, new channels, new physical and digital product offerings and more. In accounting, there are a lot of costing methods, and it may be overwhelming to know how they relate to each other. Interesting news articles: A collection of the best, most revealing and most interesting news articles ever published. 2. Wang This paper introduces a framework to investors and researchers interested in accounting-based valuation. Data breaches are a bigger risk than ever, and finance departments are one of the leading targets. While it is correct that accounting has a great deal to do with figures, that isn't all you have to do in this field. Help finding interesting accounting article. The exam is eight hours over two days, and it covers all aspects of federal tax law, including taxation of individuals, corporati Read more, An enrolled agent is a federally authorized tax practitioner empowered by the U.S. Department of the Treasury to represent taxpayers before the IRS for tax issues including audits, collections and appeals. Industry Dive, Inc. (c) 2022, All rights reserved, 1255 23rd Street, NW, Suite 550, Washington, DC 20037, Cookie Preferences / Do Not Sell My Personal Information. Theyll adapt to and adopt trends to help guide and lead their businesses into the next phase of whatever the business journey entails. Second, the topic needs to be one that interests you. Most importantly, other inventors had far more funding- and knowledge about flight. It takes a special person! 2022-10-27T17:30:00Z. From new lease accounting rules to the dark side of accounting expertise, from defining free cash flow to the new revenue recognition standard, here are CFO editors picks for the 11 best accounting articles of 2018. Posted: May 22, 2017. Internal Controls Accounting, Audits, Consulting & Fraud Prevention 25.01.2022 by Quentin Dcon A simpler way to describe this is to call it the "tone at the top." It is highly important because it filters down to other employees and to all other components of control and can, therefore, have a huge impact on the company. Measuring management accounting practices using textual analysis Fangjuan Qiu, Nan Hu, Peng Liang, Kevin Dow October 27, 2022 The effect of mood and information sequence on third party evaluation of escalating capital investment projects Chang-Yuan Loh, Mandy M. Cheng, Rodney Coyte October 27, 2022 But despite your feelings on it, youve probably developed some workarounds over the years. Investors don't want to go back to an amortization model, but that's the way FASB is leaning. The main problems of accounting ethics. When a not-for-profit entity receives a contribution, it should recognize revenue when the contribution is received, and measure the amount of revenue at the fair value of the contribution. & Digital Marketing Agencies, Apparel, This paper documents a set of stylized facts on capital controls along their intensive and extensive margins for emerging markets and document them to be "sticky." We then rationalize them through a model that includes fixed cost of implementing such policies, which lower the welfare gains of implementation. The embattled retailer may not have sufficient financing commitments to meet its needs over the next 12 months. Financial ReportsFinancial Reporting is the process of disclosing all the Read more, The purpose of the post-closing trial balance is to check the debits and the credits once the accountant passes the closing entries for the transaction. How is the accounting industry changing? While there are many accounting functions that can be automated, there is a lack of understanding of the technologies and a lack of resources to implement them. Many companies are underestimating the need to establish a stable, sustainable revenue recognition process under the new standard, says SAPs CAO. By Andrew Ross Sorkin, Vivian Giang, Stephen Gandel, Lauren Hirsch, Ephrat Livni and Jenny Gross Officials Balked at a Drug Company's Tax Shelter. Your team can then focus on a culture of continuous improvement by monitoring for efficiencies in processes. The article, and the three videos, explain the 20 most interesting business facts, including company CEOs, unusual products, stock market facts, and strange accounting rules. 150 Fourth Ave. North The breaches can lead to identity theft, or the stealing of personal data and credit card information, and spoofing, which is when an email is disguised to appear to come from a known and trustworthy source. Late or Improper disclosure of unauthorised currency trading. You'll want to be sure to catch the errors at this stage: going back and making fixes once your statements are already generated just creates extra work! Make the controller responsible for accounting and the CFO for financing and have them report separately to the CEO, an ex-finance executive advises. 1) You should brainstorm several ideas; 2) You should choose a topic that interests you; 3) You should choose a topic that is original, and 4) You should choose a topic you know you can research and write about given any surrounding constraints. When it comes to licensing regulations, U.S. state and territory boards of accountancy are the primary authorities for their jurisdictions, meaning that the U.S. does not have a single national board for licensing. 444 Awesome Accounting Research Paper Topics When you are writing a research paper, there are several things that you need to keep in mind. Court documents show. Organizations of all sizes may find some benefit in outsourcing some or all of their finance and accounting functions. The last c. Read more trends. Take a look at five intriguing and unusual accounting jobs you might want to consider once you earn your degree. Local Knowledge. Accounting trends are developments and reactions to changing landscapes, technology and other market forces that shape the accounting profession as we know it today. Customer Support, Business But do you know what red flags to look for? Impaired Asset Definition, Measurement & Examples, 15 Biggest Accounting Challenges and Solutions in 2021, Omnichannel These skills, paired with training to leverage insight from data analysis and the financial expertise, are what will make for successful careers in the future. East, Nordics and Other Regions, implement cloud-based accounting solutions. This whitepaper outlines four powerful strategies to amplify todays board meeting conversations. How to Master Bookkeeping for Your Business Without an Accounting Degree. The change is rapid and driven largely by lightning-fast advances in technology. & Operational Security, Advertising and Solution Articles, Europe, Middle East and I highly recommend QuickBooks accounting software. What is Liquidity and Why Does it Matter to Businesses? Changes in leadership at the SEC are likely to impact financial reporting requirements and scrutiny. If the idea of combining your stellar investigative skills with your love of numbers makes your heart sing, you might want to pursue a career as a forensic accountant. From new lease accounting rules to the dark side of accounting expertise, from defining free cash flow to the new revenue recognition standard, here are CFO editors' picks for the 11 best accounting articles of 2018. 10 ways to elevate your financial reports, 7 habits of a highly effective accounting department, AOCI blues: Ramifications of increased unrealized losses and accounting for AFS to HTM securities transfers, What hospital leaders need to know about volume decrease adjustments, FASB proposes last-minute amendments to ASC 842 lease accounting, Preparing for OASIS-E: What you need to know now, In-depth training on OMB's Uniform Guidance, Wipfli named to Accounting Todays 2020 VAR 100, Denver-area advisory firm Stratagem joins Wipfli, Wipfli expands into Colorado as Bauerle and Company joins firm. This one is all about tips that save you time and help make you more productive. But, what many people dont realize is that accounting has a long history, dating back to ancient accountants who used clay tokens to keep track of animals and grain. I suggest the 3Rs formula as a checklist for choosing or deciding on a project topic. Hopefully, this article has showed you that there actually are some interesting things in the world of accounting, which I assume many accounting professionals didn't even know about. Bookkeepers, accounting technicians and clerks receive approximately $40,000 annually. 4.0. Read more.. Forensic Accounting - The Trend and More Info The business sector today is not the same as it was before. With ample integrations and strong features, Xero is an ideal software for accounting purposed. Brainyard delivers data-driven insights and expert advice to help Shares IssuedShares Issued refers to the number of shares distributed by a company to its Read more, They are cumulative earnings that represent what is leftover after you have paid expenses and dividends to your businesss shareholders or owners. LoginAsk is here to help you access Articles On Accounting quickly and handle each specific case you encounter. Tel: 615-880-4200 Following these top 10 tips could have a significant, positive impact on your overall operations. The last c Read more, The Working Capital Ratio is employed by financial analysts, investors and lenders to determine a business capacity to cover for its short-term financial commitments. Collect any invoices, bank or credit statements, and receipts from business transactions. This compiled list of accounting facts shows the humble beginnings of accounting, as well as the multiple talents of many accountants. Distribution, Global Business Learn how Precision Medical leveraged OneWorld to cut the cost of billing in half and added $2.5M in annual revenue. The finance and accounting field is vast and interrelated to many other academic disciplines like civil engineering, construction, law, engineering management, healthcare, mental health, artificial intelligence, tourism, physiotherapy, sociology, management, project management, and nursing. So, if you have a fun time running numbers and are genuinely looking to serve as a helping hand for businesses, you might just want to consider accounting as your profession. Distribution, Performance But the five unrecorded liabilities we dive into in this article can help you understand what you need to know and what to do to resolve these liabilities. NASBA Membership Infographic designed by: Anthony Cox, NASBA Graphic Designer Every organization has some level of risk when it comes to fraud. Articles On Accounting will sometimes glitch and take you a long time to try different solutions. Third, it must be feasible to collect enough content to present a good paper. Furthermore, you can find the "Troubleshooting Login Issues" section which can answer your unresolved problems and . Some people love Excel, and some people hate it. Take Walter Diemer for example. They are tasked with recording and presenting financial standings and reports to management and other supervisors. Export: RIS | BibTeX | EndNote. Publish articles & contribute by posting your content for us. If you're on the prowl for awesome party trivia, look no further than this handy list of interesting facts that we've compiled for you. 800-CPA-EXAM (800-272-3926) The accounting team can share the importance and become champions of cybersecurity for your organization. There is just about every imaginable National ________ Day celebrated, globally, these days. The long-term benefits of semi-annual reporting are doubtful, while its costs are significant, say Robert Pozen and Mark Roe. & Logistics, NetSuite Never underestimate the power of accountants. Some of mind-boggling topics that can be selected for accounting dissertation are: Relevance of Audit in big corporate organizations. LoginAsk is here to help you access Articles On Accounting Topics quickly and handle each specific case you encounter. Accessories, Software & Technology Fast forward to today, much has been accomplished by the accounting profession, and it's a profession full of talented individuals who are worth celebrating. Accounting - Find business articles to digest. There are many techniques that large corporations use to "manipulate" sales or profits. Digital Marketing Agencies, Apparel, Footwear and Article Survey: How businesses are confronting governmental licenses in M&As. Careful accounting tricks. Especially useful with the trend of remote working, cloud-based software allows teams that are physically dispersed to collaborate and accomplish critical financial processes, such as month-end close from anywhere with a computer and an internet connection. Interesting Articles by Topic. Business Management, Professional Consider the interesting facts: The brothers tossed a coin to see who would test the Wright flyer first. Fax: 615-880-4290, CPA Examination Services Have a look at a few more financial accounting research paper topics: The need for accounting software. I think of it as an area that studies the role of information in the business world. The accuracy of accounting programs. Availability, Business Accounting Articles Accounting Posts No business can do without book maintenance. Some 36% of companies plan to implement cloud-based accounting solutions in the near future. Performing a year-end inventory: Is it worth it? The struggling conglomerate took the biggest impairment charge in almost a decade, causing the SEC to widen its investigation of GEs accounting practices. March 8 Help finding interesting accounting article. While those celebrated days may be a little extreme on the weirdness scale (trying not to offend my lumpy ruggers), we will take it down a few notches and highlight a profession NASBA has close ties with. Some 70% of companies that have automated more than one-fourth of their accounting functions report moderate or substantial ROI. Thats where accounting software comes in. Constant Need for your Service As an accountant, you never have to worry about being valueless, jobless. For RPA to be successful, transactional data needs to be standardized and merged from multiple sources in multiple formats, also known as harmonizing. Homework . Report Details Ubiquity of Non-GAAP Metrics, Some findings seem to support allegations that companies are practicing earnings management.. Accounting Standards Boards and Regulations The responsibilities and burdens of accounting standards might seem complex. But, what many people don't realize is that accounting has a long history, dating back to "ancient accountants" who used clay tokens to keep track of animals and grain. Certification, Advanced Read this article to decide if you need the desktop or online version of the software. 10 Interesting and Lucrative Accounting Niches for 2022. Enterprise resource planning systems can integrate your accounting software and your financial data with other important areas of your business, such as supply chain, order and production management. Fast forward to today, much has been accomplished by the accounting profession, and its a profession full of talented individuals who are worth celebrating. 1.0. Im pretty sure if I was in a room with a hundred people, maybe one person would be excited about Accounting Day (unless it was a room full of accountants). They have controlled the Academy Awards since 1935! Many large accounting firms have forensic divisions, and some . The positive effects tax cuts will have on small business. The difference between taxes owed and taxes paid was $496 billion annually for tax years 2014 through 2016, and that figure is likely to grow, the IRS said. Accounting & Consolidation, Customer In many ways, the pandemic has accelerated that adoption. My research and teaching focus is financial accounting. For top executives, managerial experience at an auditing firm is not necessarily a virtue, especially among those who are highly paid, a study finds. Any guesses? This gum was named Double Bubble. Now they do. #2. Ready for the New Lease Accounting Standard? When Impact Health's revenue exploded, CFO Jen Herdler navigated nursing staff needs that grew from 300 to more than 20,000 nationwide. 27 Feb 2020 Sharpening Your Skills Not every business Read more, Third Parties and Assignments Contracts, Your Pathway To Becoming An Enrolled Agent, Internal Controls Accounting, Audits, Consulting & Fraud Prevention, How To Use The Working Capital And Current Ratio Liquidity Metrics, What Is Work In Process Wip Inventory & How To Calculate It. Management, Professional Services The change is rapid and driven largely by lightning-fast advances in technology. Passed shortly before tax season, its just the latest in a string of tax policy and regulatory changes, including tax extenders, PPP expense deduction, second-draw PPP loans and simplified process for PPP loans under $150,000. Really Interesting. Monitoring, Application From tips on getting to a faster month-end close, to updates on regulations, to advice on mitigating the risk of fraud, weve written about a range of important issues affecting your accounting department. Accounting Today is a leading provider of online business news for the accounting community, offering breaking news, in-depth features, and a host of resources and services. This list of topics is controversial and should accomplish just that: The impact the Jobs Act will have on large businesses. Retained earnings are also known as retained capital or accumulated earnings. To celebrate this anniversary, lets explore Accounting Wires top 10 accounting articles of the past five years: How do you start a budget? Larger firms may outsource some or all of their accounts payable, this is generally done to save money. Yet, you may modify them per your preferences. One of the most pressing accounting challenges is leveraging technology to support the business strategy and adapt to changing conditions. Some are essential to make our site work; others help us improve the user experience. For example, wider adoption of cloud-based accounting software, as well as a move toward automation and artificial intelligence. This will make you feel proud about the accounting profession as an interesting fact. AI needs vast amounts of data to be effective. Nashville, TN 37219-2417 & Technology Companies, Transportation Treasurers and CFOs are pushing banks for technology that enables real-time balances and payments. Lessons from Early Lease Accounting Adopters. Those workarounds may not be the most efficient way to do things anymore, so weve put together a list of bad habits to break and what you could be doing instead. Click below to read interesting articles on each of TAoL 's 8 areas of life . Jul 25, 2022. By using the site, you consent to the placement of these cookies. If you already have one, how can you make it better? International Qualification Examination (IQEX), Chartered Accountants Australia and New Zealand (CAANZ), Instituto Mexicano de Contadores Publicos (IMCP), Hong Kong Institute of Certified Public Accountants (HKICPA), Institute of Chartered Accountants of Scotland (ICAS), South African Institute of Chartered Accountants (SAICA), 10 Totally Random but Interesting Facts About Accounting. Bookkeeper. If your executive is involved in the community and attends events, she is concerned with local developments. Articles. Search or submit free articles on various topics from business advice, setup, money, finance or articles about small companies and products. The strategic aspects in particular have become more prominent than ever, requiring the ability to provide insights, predictions and recommendations to guide the business and help it reach its goals.

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interesting accounting articles

interesting accounting articles