“Never spend your money before you have earned it,” Thomas Jefferson cautioned. It’s good advice for corporate America, but only if companies know where the cash is, when it’s arriving and how much to expect. Solving this cash flow conundrum is on the minds of finance and accounting executives and
The Securities and Exchange Commission is weighing a proposed rule to require publicly traded companies to provide climate-related disclosures. Technically it wouldn’t apply to privately held companies, but many of them and their accountants may be drawn into the process, whether they like it or not. That’s because one aspect
Treasury Secretary Janet L. Yellen will soon need to use accounting maneuvers to keep the United States from defaulting on its debt.
Opinions expressed by Entrepreneur contributors are their own. Imagine this. John Carter begins his job as the country club’s new finance and administration director by reconciling its payroll journal entries with employee payroll logbooks provided by its payroll processor. It takes him weeks and distracts him from other important issues.
Nonfarm payrolls increased by 223,000 in December and the unemployment rate ticked downward by two-tenths of a point to 3.5%, the U.S. Bureau of Labor Statistics reported Friday, but employment in accounting and bookkeeping services fell by 1,100 jobs. The relatively strong overall employment gains came despite a series of
Hourly earnings growth slowed last month to its weakest level since March of last year, according to a report released Tuesday by the payroll company Paychex. The Paychex | IHS Markit Small Business Employment Watch indicated that the rate of hourly wage growth for U.S. small businesses declined to 4.95%
As a relatively young practice area, CAS is still a fluid discipline — so fluid, in fact, that not everyone agrees on what CAS actually means, or what these practices consist of. There is widespread agreement, however, that it’s an extraordinarily profitable area, with growth rates that are often double
Accountants are constantly navigating new waves of change, but what would accounting’s most influential choose to change about the profession? We asked the Top 100 Most Influential People to share what they would adjust or transform in their field, and the responses ranged from education to branding to diversity, and
The International Ethics Standards Board for Accountants released a publication giving an overview of the sustainability-related decisions made by the board at its recent meeting and how those decisions will shape IESBA’s work in 2023 and beyond. The release Monday of the document came after IESBA unanimously approved two new
Opinions expressed by Entrepreneur contributors are their own. While there are other benefits, one of the most important reasons you’re in business is to make money. And it stands to reason that if you’re in business, you’d like to keep as much of what you generate as possible. That could
