Too often, companies believed to be healthy have not focused on cash flows, which are often the most critical indicator of a ...

IN BRIEF Artificial intelligence (AI) is reshaping the accounting profession and redefining accounting education. As AI automates routine tasks, ...

This is the first in a new column authored by CPA Journal Editorial Advisory Board member Steven M. Mintz, a professor ...

As artificial intelligence (AI) technology advances at a rapid pace, its implications for professional fields such as ...

Accounting Standards Update 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities,modifies the accounting and reporting of foreign currency forward ...

When the right set of circumstances presents itself, there may be no simpler way to defer, reduce, or completely eliminate long-term capital gains taxes when selling real estate, businesses, or ...

An estimated 3,000 audit practice units in the United States engage in state and local governmental audits. Most of these (65%) are members of the AICPA’s Governmental Audit Quality Center (GAQC), a ...

Almost all not-for-profit organizations rely on contributions to help fulfill their mission. Contributions can either be in the form of financial assets, such as cash and investments, or nonfinancial ...

Accounting Standards Update 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities, modifies the accounting and reporting of foreign currency forward ...

The current technological transformation in accounting and taxation shows that “companies have a large appetite for increasing complex analytics, even when they cannot adequately perform the basics” ...

Foreign asset reporting—including the reporting of foreign retirement plans—is a high priority for the IRS, which in 2019 listed the “failure to report offshore funds” as one of its “Dirty Dozen Tax ...