Accounting
Top stories summarized by our editors
9/20/2019

Airbnb plans to conduct an initial public offering next year. The company has not released detailed financial data but says it was profitable on a pretax basis in 2017 and 2018.

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The Associated Press
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Airbnb
9/20/2019

It's possible to thrive in your career even if you and your boss are not always on the same page. Learn how in this podcast.

9/20/2019

Locating and reporting on lease arrangements hidden in contracts that are not labeled as leases can be a challenge under the Financial Accounting Standards Board's new rules. These tips can help preparers find these leases and comply with the standard.

9/20/2019

Earnings for young workers as a whole haven't changed much during the past 50 years when measured in 2017 dollars, according to the Pew Research Center. However, the earnings gap between workers with college degrees and those without is widening.

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CNBC
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Pew Research Center
9/20/2019

Early withdrawals from 401(k) plans might come with downsides, including higher taxes and penalties. Here are several consequences to consider before making a withdrawal.

9/20/2019

Companies must move beyond traditional cost management and embrace a zero-based mindset to meet the needs of the modern business world. This involves reliance on automation and digital tools.

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CFO
9/20/2019

An overlooked effect of the 2017 tax law is that many simple trusts have a tax liability on ordinary income, which was rarely the case before. Here's a useful example of a trust return illustrating that change.

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The Tax Adviser
9/20/2019

The AICPA's 2019 Trends in the Supply of Accounting Graduates and Demand for Public Accounting Recruits report says technological advances and new-hire upskilling needs continue to affect the accounting profession. The report also reveals undergraduate accounting enrollment was the second highest on record in 2017-18.

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AICPA Insights
9/20/2019

Apple has released iOS 13, but users might want to wait until Tuesday, when iOS 13.1 comes out of the gate. The 13.1 update fixes bugs in iOS 13 and provides additional features.

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CNBC
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Apple
9/19/2019

"With artificial intelligence (AI) top of mind for many executives, the rush to adopt and adapt often leads to superficial, ad hoc, or limited use, a similar story to the adoption of any new technology," writes Jim Pelletier, IIA vice president of standards and professional knowledge. By focusing on certain issues during engagements, internal auditors can make recommendations to encourage changes that position their organizations for AI success, he writes.

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AI, Jim Pelletier