Accountants are critical to the economy's recovery from the devastating effects of the coronavirus pandemic, according to leaders at the American Institute of CPAs — and that central role is also opening up some very specific business opportunities for them.
"Our profession today is the equivalent of the medical profession for the economy, not just the U.S. economy, but the global economy," explained institute president and CEO Barry Melancon, in a keynote panel during last week's Engage 2020 conference, which was held online. "We count on front-line professionals to keep us safe and to do the right things."
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QuickBooks Essentials is business accounting on the go. Right now, it's almost 40% off
Remember when companies used to have on-staff accountants? You know, the bean counters who used to crunch all the numbers, chase all the outstanding accounts, and make sure there was still enough cash at the end of the week to get everyone paid? Wasn't that a great time?
Today, there aren't a lot of companies that can afford the luxury of a full-time accountant anymore. And it shows. Especially when more than eight out of every 10 businesses are failing due to poor cash flow management.
Tracking space enterprises will change accounting, professor says
"The biggest hurdle to space economic development currently is overcoming substantial costs to launch," Dr. Alewine says. "Once launch costs reduce due to competition and technological advancements, then the overall risk model for a firm's entry into the space economy will fundamentally change due to lower barrier costs."
That's why he thinks it's not too early to begin examining how space-based businesses will keep track of everything. Near-future space accounting adaptations will be subtle, yet Dr. Alewine says they still will be very interesting. Longer term changes will be more substantial.
Seven CPAmerica Member Firms Recognized in Accounting Today's 2020 Best Firms to Work For |
GAINESVILLE, Fla. , July 29, 2020 /PRNewswire-PRWeb/ -- Accounting Today named seven CPAmerica firms as best firms to work for. The annual survey and awards program, which is conducted in partnership with Best Companies Group, is designed to identify, recognize and honor the best employers in the accounting profession, benefiting its economy, workforce and businesses.
"We are excited to congratulate all of our firms who have been recognized by Accounting Today," said Alan Deichler , president of CPAmerica. "The commitment that these firms have made to being great firms to work for is very impressive."
While you're here, how about this:
JMT Consulting Group Recognized on Accounting Today's VAR 100 List for 2020
The nonprofit consulting firm was honored on Accounting Today's list ranking the top resellers, technology consultants, and implementers in the accounting software space.
AUSTIN, Texas , July 29, 2020 /PRNewswire-PRWeb/ -- JMT Consulting Group, the largest independent financial consulting and technology firm dedicated to nonprofit organizations, is pleased to announce they have been named on Accounting Today's annual list of top value-added resellers.
Online accounting tools for sole proprietors | TechRadar
Working for yourself can mean having a lot more freedom than being employed by somebody else, but there's still plenty of day-to-day admin stuff to take care of. Central to that is keeping your books up to date and covering all of your own accounting tasks.
The solution? Make use of online accounting tools for sole proprietors, or sole traders as they're referred to outside of the US.
Three Kelley Professors To Receive American Accounting Association's Wildman Medal For Their
(BLOOMINGTON) – Three accounting professors at the Indiana University Kelley School of Business will receive the 2020 Deloitte Foundation Wildman Medal Award from the American Accounting Association.
The Wildman Medal recognizes research that is "judged to have made or will be likely to make the most significant contribution to the advancement of the practice of public accountancy."
Art of Accounting: Advice to new accountants | Accounting Today
Why would a young person starting out in public accounting want to listen or pay attention to an old guy?
When I was young I pretty much tuned out whatever an old person said to me. If I had to sit near them, I would nod enough times to be polite, but I really wasn't listening. When I was young, I was told that I needed to be polite to my elders, so I was just doing what I was taught to do. I also was told to wear a suit and tie to work, say thank you when someone gave me something (including advice), to show up on time and replace or return things I borrowed.
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An #USArmy AH-64 Apache attack helicopter from 1-3rd Attack Reconnaissance Battalion, @12thCab circles back to enga… https://t.co/O2WNZClVnq USArmy (from Washington, D.C.) Tue Jul 28 04:18:41 +0000 2020
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