Accounting Today news quiz: June 3
Accounting Today
JUNE 3, 2024
Test your accounting knowledge on Gen Z employees, big four AI partnerships, and more. No. 2 pencil not required!
Accounting Today
JUNE 3, 2024
Test your accounting knowledge on Gen Z employees, big four AI partnerships, and more. No. 2 pencil not required!
FinOps Foundation
JUNE 3, 2024
Key Insight: Carbon optimization is a growing concern for organizations, and Environmental, Social, and Governance (ESG) teams can leverage the culture of collaboration and waste reduction that FinOps teams have cultivated. Cloud Service Providers are delivering more granular carbon emissions data and tooling that FinOps practitioners can use for reporting and optimization within a cloud, and FinOps vendors are beginning to offer sustainability features to optimize carbon across clouds.
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Accounting Today
JUNE 3, 2024
Where are residents the most giving? Check out this ranking, which tracks the states with the most charitable donations, as well as volunteering and service.
FinOps Foundation
JUNE 3, 2024
Key Insight: Carbon optimization is a growing concern for organizations, and Environmental, Social, and Governance (ESG) teams can leverage the culture of collaboration and waste reduction that FinOps teams have cultivated. Cloud Service Providers are delivering more granular carbon emissions data and tooling that FinOps practitioners can use for reporting and optimization within a cloud, and FinOps vendors are beginning to offer sustainability features to optimize carbon across clouds.
Speaker: Dave Sackett
Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.
Accounting Today
JUNE 3, 2024
The Section 121 exclusion and the step-up in basis are well known to financial advisors and tax professionals, but their clients will need to plan carefully to net the biggest potential savings.
FinOps Foundation
JUNE 3, 2024
Key Insight: Carbon optimization is a growing concern for organizations, and Environmental, Social, and Governance (ESG) teams can leverage the culture of collaboration and waste reduction that FinOps teams have cultivated. Cloud Service Providers are delivering more granular carbon emissions data and tooling that FinOps practitioners can use for reporting and optimization within a cloud, and FinOps vendors are beginning to offer sustainability features to optimize carbon across clouds.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Bookkeeping Essentials
JUNE 3, 2024
Index of basic bookkeeping entries and accounting journal entries. for the business owner working from home who does their own books.
Accounting Today
JUNE 3, 2024
Stacie Kwaiser is setting the direction of the Top 100 Firm based on her own vision — and the collective ideas of the firm
Bookkeeping Essentials
JUNE 3, 2024
How to record some common bookkeeping entries requiring special treatment with examples for the home based business owner doing their own bookkeeping.
Accounting Today
JUNE 3, 2024
Agency veteran Fumino Tamaki and her staff will work with other IRS units to apply customer service best practices.
Speaker: Erroll Amacker
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
Economize
JUNE 3, 2024
The Need for Cloud FinOps In the modern cloud-driven business landscape, companies increasingly rely on various cloud setups, including multi-cloud environments, legacy systems, hybrid clouds, and different cloud providers with diverse services and pricing models. This diversity, while offering flexibility and scalability, can lead to chaotic and unorganized cloud resource management.
Accounting Today
JUNE 3, 2024
CPAs do very good jobs helping clients build wealth, but many do not do so good with themselves. Here are some tips to help you grow your wealth.
Insightful Accountant
JUNE 3, 2024
ShareFile recently introduced several new features tailored to the evolving needs of accounting professionals.
Accounting Today
JUNE 3, 2024
The global accounting network will have a combined $5 billion in revenue, 40,000 employees and nearly 1,800 partners in 103 different countries.
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Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
Insightful Accountant
JUNE 3, 2024
It's time for most QuickBooks Online ProAdvisors ('Core' or 'Advanced') to Recertify. June 30, 2024 is the deadline for Recertification Exam completion.
Accounting Today
JUNE 3, 2024
Laura Sprouse, the new CEO of Top 100 Firm Brown Edwards, shares her path to leadership, and where she's taking her firm in the future.
Accounting Tools
JUNE 3, 2024
Total current assets is the aggregate amount of all cash , receivables , prepaid expenses , and inventory on an organization's balance sheet. These assets are classified as current assets if there is an expectation that they will be converted into cash within one year. A sample presentation of total current assets in a balance sheet appears in the following exhibit.
Accounting Today
JUNE 3, 2024
The software maker's shares soared by the most in more than a year after the company reassigned its chief financial officer, resolving an internal accounting investigation that delayed filings for weeks.
Speaker: Anna Tiomina, MBA
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
Bookkeeping Essentials
JUNE 3, 2024
Preparing a financial plan is essential for a small home based business. Without a plan, how do you know where you are going … and when you get there?
Accounting Today
JUNE 3, 2024
Making the most of artificial intelligence requires leadership, project management and process management.
finout
JUNE 3, 2024
What Is Cloud Cost Management? Cloud cost management involves monitoring and managing the costs associated with cloud computing. As organizations increasingly rely on cloud services for their IT infrastructure and business applications, controlling spending becomes a critical concern. Effective cloud cost management improves the efficiency of cloud investments, and can ultimately impact an organization’s bottom line.
Accounting Today
JUNE 3, 2024
Former Baker Tilly member firms in Mexico joined CliftonLarsonAllen Global to create CLA Mexico; Marcum Technology acquired CLA's IT Enhanced Managed Services Division; Doeren Mayhew acquired Nearman, Maynard, Vallez CPAs; and Rea & Associates merged in Koontz & Parkin, CPAs.
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Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.
Earmark Accounting Podcast
JUNE 3, 2024
Kick-start a new era in accountancy with Alan Whitman, the former CEO of Baker Tilly US. Using his invaluable experience as a CEO for nearly 8 years, Alan will share novel insights on transforming traditional CPA firms into modern, sustainable, and innovative powerhouses. This session delves into people development, strategic growth, service models, and methods for breaking from long-standing conventions that hinder progression.
Accounting Today
JUNE 3, 2024
The Washington, D.C., attorney general's office sued Saylor in August 2022, alleging the crypto billionaire had failed to pay more than $25 million in income taxes.
Bookkeeping Essentials
JUNE 3, 2024
When you are just starting your own business, the number of decisions to be made can be overwhelming. Your accounting system is just one of them.
Nanonets
JUNE 3, 2024
Data is the lifeblood of many businesses today. But what use is data if it's locked away in unstructured formats like emails, PDFs, and invoices? This is where Artificial Intelligence (AI) steps in, revolutionizing how we extract information and unlock the true potential of our data. Traditionally, data extraction was a manual, time-consuming process.
Speaker: Melissa Hurrington
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
Accounting Tools
JUNE 3, 2024
What is Proration? Generally, proration is the process of dividing up something in a proportional manner, such as the expenses among tenants that relate to common area expenses. Several variations on the concept are noted below. Proration in Overhead Cost Allocations Proration can refer to the allocation of under- or over-allocated overhead costs among the work-in-process , finished goods , and cost of goods sold accounts at the end of an accounting period.
Tipalti
JUNE 3, 2024
Acumatica expense management can help businesses shorten expense cycles, more accurately input and track key data, and streamline project expenses.
Accounting Tools
JUNE 3, 2024
What is Total Labor Cost? Total labor cost is the aggregate cost of the hours worked by all employees , plus all related payroll taxes and benefits. This amount is used in the budgeting of financial results for a business. Total labor cost is comprised of a number of line items, which include the following: Direct labor cost. This is the wages paid to production employees, including their overtime hours worked.
Billah and Associates
JUNE 3, 2024
Work-From-Home Expenses: A Guide to the T2200 Form in Canada For many Canadians, working from home has become the new normal. While this flexibility offers numerous benefits, it can also lead to additional expenses like increased electricity bills, internet costs, and wear and tear on your home office furniture. Thankfully, the Canada Revenue Agency (CRA) allows eligible employees to claim a portion of these work-related expenses to reduce their taxable income.
Speaker: Yohan Lobo
In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.
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