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.
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.
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.
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.
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.
"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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