Ensuring the profession's relevance is top of mind for accounting's leaders, especially in an unprecedented year.
As part of this year's Top 100 Most Influential People survey, Accounting Today asked, "What is the most important issue currently facing the accounting profession?"
Many of the same challenges and forces of disruption that have steered the profession over the last few years remain, with 2020 intensifying the need for action on several. This year's Top 100 mentioned technology and remote working capabilities, diversity and inclusion efforts, and new client service models, among other areas needing improvement.
Many things are taking place:
Promotions Announced by Accounting Firm Gumbiner Savett
Gumbiner Savett Inc. congratulates four staff members who were promoted to new positions as of January 1, 2021: Hauser among up-and-coming tax professionals to earn new titles
SANTA MONICA, Calif. , Dec. 30, 2020 /PRNewswire-PRWeb/ -- Gumbiner Savett Inc. congratulates four staff members who were promoted to new positions as of January 1, 2021 : Ron Hauser was elevated to Tax Manager (from Tax Senior Associate), while Eduard Danielyan , Tiffany Delemo and David Sussman will assume their new roles as Tax Senior Associates (formerly Staff Accountants).
Revenue Recognition Accounting Update (ASC 606) - June 22-23, 2021 - ResearchAndMarkets.com
Get your annual revenue recognition update here! The new Revenue Recognition Standard made a significant impact on the way most companies recognize revenues. Best practices continue to evolve and there are a number of areas where companies are still searching for answers.
This conference assumes you are already familiar with the five-step model. It will address the latest developments in key areas, significant changes, scope, disclosure, and impacts. There will be plenty of examples and a detailed case study.
Accountants rush to wrap up end-of-year issues | Accounting Today
With only a few days to go before the end of a difficult year, some accountants and tax professionals are still hoping to finish up some perplexing issues for their clients before New Year's Day.
Besides matters pertaining to the PPP and other provisions of the CARES Act, accounting firms and their clients have needed to cope with issues left over from the Families First Coronavirus Response Act and what happens from providing paid leave to employees. Other issues may involve what to do with any payroll taxes that have been deferred under the coronavirus relief laws, as well as issues involving workers who have been furloughed or needed to reduce their hours.
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Visible Expert: The secret weapon for success | Accounting Today
The world of accounting can be a harsh environment. With so many firms offering similar services in a highly competitive marketplace, achieving significant, measurable success can be a daunting challenge. So how do you stand out in a crowded field? By becoming a Visible Expert.
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A Visible Expert is a professional with significant marketplace recognition and a reputation for specific expertise. VEs are the thought leaders and industry experts sought after for keynote addresses, media interviews and high-level conference presentations. They're the individuals who shape their professions and fuel their firms' growth and profitability. They're the high-profile professionals every client wants to work with.
The biggest stories in accounting for 2020 | Accounting Today
It goes without saying that the COVID-19 pandemic was the primary story of 2020, and most of the biggest stories in accounting for the year reflect its impact, in everything from the remarkably smooth move to remote work to a new range of services centered on the Paycheck Protection Program and other stimulus measures.
What's more, most of the impact will continue to play out in the year ahead. The ongoing deployment of vaccines offers hope that we may see the end of the pandemic sooner rather than later, but for the near future it continues to grip the country and the economy.
Firms giving back: NJCPA collects $25K for food drive | Accounting Today
The New Jersey Society of CPAs held its CPA Career Awareness program and collected $25,000 for its 11th annual food drive; and Fulcrum Partners managing director Monte Harrick is helping his son's varsity basketball season get through COVID-`19 disruptions.
How fintech can help accounting deliver timely, trustworthy investment data | Accounting Today
Opportunities don't stick around long, especially in the fast-moving financial world. When you're managing a large, diverse portfolio, you need to respond quickly when opportunities arise, and you need up-to-the-minute data to act with any confidence. But accounting and investment pros can't audit sources and verify data quickly enough to ensure the information is both updated and accurate.
There are several reasons why reliable data is so hard to come by. The need to reconcile information from multiple sources is a big part of the problem. Data is often siloed throughout the organization, and input from numerous departments is anything but consistent. When managers must sort through stale data, updates, revisions and inconsistencies, it's difficult to trust the information. They're not alone in their frustration.
Happening on Twitter
1 Day FREE PREVIEW for the first 100 people right now until MIDNIGHT I'm Giving it away!! Hurry before it's gone😘 s… https://t.co/8nUm2I8QTl DanielNewman (from Here) Mon Dec 28 02:50:36 +0000 2020
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