With technology, businesses operate more efficiently and effectively. Magazine Issue Year 2020. Challenges facing auditors in 2020. It plays an important role in both directions – accounting and management. However, experts do not see AI replacing human roles. Other than these, however, reducing costs is one of the significant benefits that companies and accounting firms experience as they embrace the latest technologies to optimize processes. Program is intended to prepare students to conduct original research; i.e., to explain phenomena previously not well understood and then to test proposed explanations empirically. The Ph.D. ... Accounting Today's annual ranking of the top resellers in the accounting space. Accountancy, especially in business processing outsourcing (BPO) companies, is also becoming a highly esteemed career all over the world. Moving From Accounting to FP&A in APAC Wilson Wong, FP&A, FP&A Analyst for TechSource Systems, handles variance analysis, sales performance reporting, efficiency analysis and host of other tasks. Some are essential to make our site work; others help us improve the user experience. In this article, however, we’ll be presenting you with the top accounting trends that you need to know about. During the forecast period of 2019 to 2024, the market will grow at a CAGR of 8.5%, with North America seen at the forefront. Auditing. Coronavirus. The word itself is synonymous with development and, in much of today’s business landscape, it continues to reshape industries and businesses. It allows analyzing large volumes of data at high speed, as well as increasing productivity and generating more accurate data at a reduced cost. Experts are predicting a hybrid approach that combines accounting technology and financial advisor input in the near future. It matters in deal models; The competitive advantage of quality XBRL data; Observations from the frontlines In 2018, about 43% of CPA firms have employees regularly working from home. Because of advanced accounting solutions, accountants and similar professionals have more time analyzing financial data. CARES Act: Accounting for the stimulus (updated July 16, 2020) Accounting for convertible instruments and own equity contracts; In the loop. Another development that will define accounting practice in the future is the growing acceptance of remote work in the field. … – Hot Topic: Coronavirus, Income tax accounting impacts (March 2020) – Hot Topic: Coronavirus, Increased risk of impairment of goodwill and long-lived assets (March 2020) o As part of the overall analysis of the financial reporting impacts of COVID-19, companies may Having such benefits are driving businesses to make the shift to cloud-based accounting systems. Outsourcing is now an increasingly important method for CPA firms to deliver efficient services to their clients, as well as analyze business operations and add more value to their business. Accounting firms also benefit from monitoring competitors and industry trends. 08/25/2020 Financial reporting, management accounting, public sector accounting, taxation , forensic accounting . Featured. Because of the boundless developments and opportunities technology brings, the accounting industry experienced so many changes and transformations over the past years. Listen to audio version. Among them is the accounting industry, which is taking a major leap for more effective and comprehensive financial reporting and analytics. This could be related to the rise in the demand for advanced technological solutions from various industries. Stay on topic. Not only will accounting firms have to adjust to new working from home measures, but they'll have to consider the financial impact that this outbreak will have on each of their clients' businesses, as well as their own. Please note, that FinancesOnline lists all vendors, we’re not limited only to the ones that pay us, and all software providers have an equal opportunity to get featured in our rankings and comparisons, win awards, gather user reviews, all in our effort to give you reliable advice that will enable you to make well-informed purchase decisions. Be sure to finalize the topic that is in line with your natural interests and aptitude. Why Machine Learning is Still A Hot Topic in Accounting for 2020 Feb 4, 2020 | ASI News It’s estimated that artificial intelligence and machine learning will continue to be major topics in 2020. 4 lessons for working remotely in finance. As a matter of fact, a Sage report reveals that about 90% of accountants feel that accountancy is undergoing a cultural shift that is leaning more toward technological adoption. 35 Interesting Accounting Research Paper Topics. What are the most effective accounting systems to help accountants? AI is becoming increasingly important in optimizing accounting processes and administrative tasks. Starting out in accounting but also possessing a background in IT, Wong saw an opportunity to move to the FP&A field. Hot Topics Hot Topics . No spam. TECHNOLOGY. July 5. There is a rise in demand for accounting software solutions. Accounting information (e.g., credit card information, bank account numbers, passwords) is an especially hot target for hackers because it can be high-value. Cloud technology is popular among accounting companies. AI provides vast opportunities for accountants and a new level of efficiency for workflows. Backed by big data, CPAs can focus on business planning and identifying potential issues. Issues warrant taxpayer consideration for 2020 The year 2020 was dominated by continuing implementation of the Tax Cuts and Jobs Act and a variety of… read more Wolters Kluwer Tax & Accounting CEO Karen Abramson Recognized as One of the Most Powerful Women in Accounting Accounting technology will empower financial advisors in the future. With such a transformation in the industry, more and more accounting leaders and professionals are discovering new strengths in utilizing advanced solutions for accounting processes. document.getElementById("comment").setAttribute( "id", "ae1914fce65153a19199a5e3e5c83ce1" );document.getElementById("g870abf955").setAttribute( "id", "comment" ); FinancesOnline is available for free for all business professionals interested in an efficient way to find top-notch SaaS solutions. July 5. ESG oversight: Corporate director’s guide. The Big Four in the accounting industry—Deloitte, Price Waterhouse, Ernst Young, and KPMG—join the blockchain trend by having people work in distributed ledger laboratories. The adoption of technologically-driven solutions in the accounting industry will intensify in the coming years. There are benefits to mine from the advanced solutions brought by the recent developments in the accounting sector. There are six areas of study for postgraduate thesis. Businesses are now outsourcing accounting functions and reaping its many benefits. Consequently, it’s better to be armed with some relevant and effective topics as well. Here’s a list of 35 topics for an accounting research paper. Baseball analogies aside, the year 2020, has been one of significant changes and upheavals that we would have never thought possible. For accountants, it is quickly becoming a powerful branding and sales tool that boosts their exposure demonstrates their expertise and provides many opportunities to learn more about the industry. Governmental Accounting Hot Topics: GASB Updates, Compliance, Fraud, and Internal Audit Mary Alison Capps 2020-09-16T17:51:39-05:00 The CRI Governmental Accounting team invites you to attend this two-day, multi-session CPE series as we explore the most current and newly issued GASB standards and Yellow Book updates. This figure is sure to grow in the coming years, as social media platforms help businesses establish reputable images. Hot topics in GAAP accounting, auditing, tax and business strategy. © 2016 - Wed Dec 02 06:19:15 UTC 2020 PwC. The accounting industry needs to understand blockchain technology more and for good reasons. The accounting software market will experience a higher level of growth in the years ahead, according to a report by Fortune Business Insights. The accountant unemployment rate is 2.0% during the third quarter of 2019. These led to an increased demand for internal auditors to check for any data inaccuracies. Explore our insight. More and more accountants are using social media to establish a credible reputation as a subject matter expert. Please see www.pwc.com/structure for further details. The accounting industry sees more investments in blockchain-based projects. Accounting Research Paper Topic Ideas [Financial] If you are looking for research paper writing help, this could be taken by the Students Assignment Help Experts.Here are accounting research topics on financial accounting for a research paper that students can consider for writing a good research paper. Just as big data plays a crucial role across many sectors, it fills the same significant role in the accounting industry. The effect of corporation investments in the economic development of the community. October 2020 This would not have been possible in the past. According to an ACCA Study, over 50% of C-level executives in the accounting industry expect the development of automated accounting systems. The Sage Practice of Now 2018 report reveals that about 66% of accountants would invest in AI. Many accounting leaders and accountants are feeling the business impact of automation[1] and high-tech systems. Instead, AI will be assisting human decision-making and empowering lucrative and in-depth analyses. Unlike other tasks in accounting processes, decision-making will always fall into the hands of human professionals and experts. Copyright © 2020 FinancesOnline. Automating more accounting processes is a key trend in the industry. Hence, complete automation in the accounting sector cannot be possible. Also, 55% of them see themselves using AI in the next three years. Every year, businesses experience satisfaction in their outsourced accounting value and results. Subscribe to receive Accounting for Income Taxes: Quarterly Hot Topics directly via email. February 5. Blockchain is already changing the accounting sector by lowering the costs of reconciling and maintaining ledgers. That certainly applies to trends for 2020, yet there's also another trend to watch in the areas of finance and investments. PwC's Q4 2020 Quarterly accounting webcast. ... Accounting Today's annual ranking of the top resellers in the accounting space. To help, this blog outlines our recent webinar, State of Audit – 2020. Register today! As the demand for computerized accounting grows, accounting software companies will address this need with robust solutions. How to be thankful – even in 2020 For me, Thanksgiving has historically been an endurance sport. Big data plays a crucial role in the accounting industry. It also saves them employment costs like payroll, taxation, salaries, benefits and training expenses. best accounting software for small businesses, software functionalities accountants value the most, The Age of Automation and How it Impacts Business and Workflow. Accounting Today June 2020. Managerial Accounting Topics for a Research Paper. We are able to keep our service free of charge thanks to cooperation with some of the vendors, who are willing to pay us for traffic and sales opportunities provided by our website. Start adding content to your list by clicking on the star icon included in each card, Insights and publications for financial executives, tackling the latest developments and emerging issues, Focus the complexity of risk into a powerful business strategy, Leading Tax functions are enhancing collaboration in a remote work environment, Subscribe to PwC's accounting weekly news, US Strategic Thought Leader, National Professional Services Group, PwC US, International Accounting Leader, National Professional Services Group, PwC US. Recent editions appear below; for older issues, please email a request to ustaxnews@deloitte.com . Take into regard your interests when choosing your topic and as much as possible, avoid PhD research topics in accounting that are common. The elimination of manual and repetitive tasks opens opportunities for accounting firms to spend more time analyzing data, providing insights, and giving advice to their clients. The market will grow at a CAGR of 8.5% during the forecast period 2019 to 2024. July 2. These figures only show that AI is transforming the industry. This is in the hopes that immutable distributed ledgers will become a reality. Meanwhile, CPAs in other organizations are utilizing the capabilities of the best data analytics solutions to support industry-specific needs. She's an avid fan of the outdoors, where you'll find her when she's not crunching numbers or testing out new software. Current accounting trends tell us one thing: digitization is as ubiquitous in the accounting sector as it is anywhere else, but human roles remain just as relevant. In that case, their audit and accounting divisions will most likely become obsolete. Assess the major threats to sustaining U.S. growth. It is one of the fastest-growing areas in the accounting industry. Hot Topics in Technology at the CCH Forward Together Virtual Conference October 13, 2020 SBA and Treasury Issue Simplified PPP Forgiveness Process for Loans of $50k or Less October 12, 2020 Accounting Innovations Are Changing Auditing October 12, 2020 PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. Summer is almost over, but online audit learning is in full swing. Social media sites like Facebook, Twitter, LinkedIn, blogs, and community forums help businesses keep in touch with clients. With cloud-based accounting systems, companies and firms are able to have access to their system anytime. Larger accounting firms apply data analytics in tax, consulting, risk management, and auditing. ... Firm combinations will continue to be hot in 2018 -- but their shape and purpose may change. Hear from Clearwater investment accounting Product Owners Sam Hobbs and Rhead Hatch who analyze how updates in US GAAP and IFRS impact insurers' investment accounting… All B2B Directory Rights Reserved. It plays an important role in both directions – accounting and management. This is why it is more important for them to broaden candidate search and hiring requirements. Accountants have heard for years that emerging technologies such as blockchain … Deloitte, Price Waterhouse, Ernst Young, and KPMG are taking significant leaps in learning more about the technology. The use of social media in various industries helps improve brand awareness, increases sales, and drive website traffic. Be sure to finalize the topic that is in line with your natural interests and aptitude. Practical reminders for new standards. In the following sections, we’ll dive into more comprehensive discussions of each accounting trend and technique in the accounting industry. This site uses cookies to store information on your computer. Hot Topics. The number of benefits outsourcing gives rise to more accounting outsourcing companies. What Services Are Driving Accounting Industry Growth? Accounting. ... Back. As we turn the calendar to the new year, it’s a good time to reflect on challenges facing auditors and identify opportunities for improved audit quality and client service. News and in-depth features about tax, accounting, auditing, and other business topics. Accounting and reporting. This will keep you interested in the job of conducting the research and writing the paper as you get to it. CPAs, backed by big data, can now focus more on planning, taking control, analyzing processes, and anticipating problems before they even happen. Learn on the go while listening to our audio version of The quarter close … Automation and Artificial Intelligence. Watch Clearwater’s live recorded webinar, Hot Topics in Accounting, to learn more about what had your peers talking in 2017. Services like growth profitability and strategies, as well as business intelligence, are becoming better and are growing in numbers. These future trends in the accounting profession reflect these developments. Issues warrant taxpayer consideration for 2020 The year 2020 was dominated by continuing implementation of the Tax Cuts and Jobs Act and a variety of… read more Wolters Kluwer Tax & Accounting CEO Karen Abramson Recognized as One of the Most Powerful Women in Accounting The cloud is becoming a popular place for accounting services. Accounting Today July 2020. Keep it clean. Still, with technological advancements and the emergence of computerized accounting systems, accountants working from home are able to produce excellent results in their work as those in office settings. Elder, Special Needs & Chronic Illness Planning. Among these are saving time, making tasks more efficient, and having more accurate analytics. This shows that the accounting industry is shifting from its reactive nature to becoming more proactive. 35 Interesting Accounting Research Paper Topics. Published by the American Institute of CPAs. It transforms systems and processes, converting manual tasks into automated functions. Blockchain-based projects saw exponential growth over the past few years, acquiring $1 billion in investment, according to data published by Statista. Consequently, it’s better to be armed with some relevant and effective topics as well. List of best research paper topics 2020. Accountants are undertaking new roles as financial advisors. Employers these days are having a hard time finding top talents in finance and accounting. Automation is slowly eliminating the need for manual data … And this is where the latest accounting trends mainly revolve around. The better your topic is the more the process of writing your PhD paper a lot easier and hassle-free. – Hot Topic: Coronavirus, Income tax accounting impacts (March 2020) – Hot Topic: Coronavirus, Increased risk of impairment of goodwill and long-lived assets (March 2020) o As part of the overall analysis of the financial reporting impacts of COVID-19, companies may Understand how 5G will revolutionize the business world and global economic relationships. Accounting Today July 2020. The automation of accounting processes will further increase in the short- and long-term. Developments like SaaS saw the industry add cloud-based subscriptions, along with on-premise solutions. The increasing introduction of more advanced technologies in the accounting industry allows accounting firms to focus on the quality of their advisory services. This comes from the discovery of new solutions for analytics that allow accountants to focus more on decoding data for deeper insights. Most services in the accounting industry[2] are vulnerable to disruptions. She specializes in accounting and human resource management software, writing honest and straightforward reviews of some of the most popular systems around. Subscribe to receive Accounting for Income Taxes: Quarterly Hot Topics directly via email. Since the process relies heavily on computers, businesses face the risk of falling victims to fraud and compromised security. This makes it crucial to understand what big data is in making business decisions. There is a need to reshape organizations given recent developments. A look at this quarter's financial reporting and accounting hot topics. The importance of AI in accounting is growing more steadily as it optimizes administrative tasks and accounting processes that result in various structural changes. If you’re looking for accounting platforms that fit your budget, you may want to check out the costs of top accounting solutions that are available in the market today. Understand how responsibilities for cyber and privacy issues are now impacting CPAs. ... Firm combinations will continue to be hot in 2018 -- but their shape and purpose may change. Each member firm is a separate legal entity. About 66% of accountants are willing to invest in AI. And the accounting industry is one of those. Artificial Intelligence (AI) is producing positive results in the accounting industry. 08/25/2020 July 2. Magazine Issue Year 2020. With blockchain technology, accountants gain a more unobstructed view of their organization’s obligations and available resources. During the third quarter of 2019, the latest report from the US Bureau of Labor Statistics (BLS) on Unemployment Rates by Occupation, has revealed that the accountant unemployment rate is at 2.0%. Automation solutions will empower in-house accountants. Set preferences for tailored content suggestions across the site, COVID-19 - Accounting and reporting resource center. Personal Financial Planning. Automation eliminates confusion and minimizes errors, which is why companies are more inclined to invest in automated solutions. In fact, according to data from Gartner, AI enhancement will create $2.9 trillion of commercial values and 6.2 billion hours of work in 2021. Recent editions appear below; for older issues, please email a request to ustaxnews@deloitte.com . October 2020 This will keep you interested in the job of conducting the research and writing the paper as you get to it. Analyzing numbers helps businesses come up with valuable insights, which enables them to identify process improvements as well as increase efficiency and manage risks better. Latest issue The quarter close — Third quarter 2020. Feb 4, 2020 | ASI News. The quarter close — Third quarter 2020 In Q3’s The quarter close, we cover liquidity-related topics, including accounting for convertible debt, government assistance, and debt restructurings, as well as insights when assessing goodwill impairment and deferred tax … June 5. Why Machine Learning is Still A Hot Topic in Accounting for 2020. Issues warrant taxpayer consideration for 2020 The year 2020 was dominated by continuing implementation of the Tax Cuts and Jobs Act and a variety of… read more Wolters Kluwer Tax & Accounting CEO Karen Abramson Recognized as One of the Most Powerful Women in Accounting Coronavirus. However, research topics still need to do enough research and gather a lot of data and facts from reliable sources in … Estate Planning. Professional Services Automation Software - PSA, Project Portfolio Management Software - PPM. Astrid Eira is a resident B2B expert of FinancesOnline, focusing on the SaaS niche. With the use of big data, accountants and experts transform key internal data sets into secure, vigorous, and important data analyses. The adoption of modern technologies in the Asia Pacific will also drive the growth of accounting software companies. The adoption of technologically-driven solutions in the … In the accounting industry, there is a growing focus on data analytics. The coronavirus has spread at an alarming rate and the economy is set to face a severe blow. The report attributes it to marketing demands, regulations, generation change, and client demands, as well as investments that businesses make to keep pace with the accounting world. Starting out in accounting but also possessing a background in IT, Wong saw an opportunity to move to the FP&A field. According to a 2018 survey published by Convergence Coaching, about 43% of CPA firms are offering their employees the chance to work from home on a regular basis. Data analytics in accounting lead to process improvements and efficiency in the business. A growing number of firms are now prioritizing accountants who have extensive knowledge in analytics and data science. As the summer winds down and we get ready to gear up for the 4 th quarter and for our busy season, now is the perfect time to get your new hire staff that last stretch of training! All over the world, there is a strong demand for software platforms to manage spreadsheets and have a better understanding of tax management. As technology allows specific accounting tasks to become easier, the accounting industry shifts its focus to data analytics. Interim lease disclosures in reporting periods after the year … 11 Accounting Trends for 2020/2021: New Forecasts & What Lies Beyond? Accounting leaders recognize the practical benefits that a remote work setting brings. Your Local Office can provide answers to your questions on the following tax law topics: North America is leading the accounting software market. As such, about 67% of accountants now believe that cloud technology can make their roles easier. June 5. Rise of Accounting Software Solutions. As far back as 2014, about 77% of accountants already use social media as part of their marketing and branding strategy. Hence, outsourcing accounting functions is becoming a popular strategy among many companies. Social media allows accounting firms to gain more exposure. By using the site, you consent to the placement of these cookies. Still, more technological disruptions are on the way for accounting. Students can choose from a variety of topics reflecting the varied research interests of our faculty. Thus, there is no need for in-house accounting services to worry about getting replaced by bots. Having a comprehensive list of topics for research papers might make students think that the most difficult part of work is done. More than 50% of executives expect automated accounting systems to develop in the coming years. It’s estimated that artificial intelligence and machine learning will continue to be major topics in 2020. The effects of social media encompass different industries. When hiring, firms are prioritizing accountants who have data science and analytics backgrounds. Review how government, corporations, and practicing CPAs view current economic conditions. EU Development Office: Grojecka 70/13 Warsaw, 02-359 Poland, EU Operations Office: Rozana 25 Wlynkowko, 76-200 Poland. Here’s a list of 35 topics for an accounting research paper. Hot Topics. Study the evolution of cyberthreats and regulatory responses. The coronavirus has spread at an alarming rate and the economy is set to face a severe blow. Moreover, cloud-based solutions allow FOR the creation of workflows, saving businesses valuable time. This cultural shift is driven by several factors. Assessing liquidity and going concern in an uncertain economy; Acquiring an asset or a business? Outsourcing accounting functions is becoming more significant for businesses and CPA firms. Being a small business owner herself, Astrid uses her expertise to help educate business owners and entrepreneurs on how new technology can help them run their operations. Accountants are taking on new roles as advisors, with unique skill sets that revolve around analyzing data. Covering a wide array of topics, Trends and Hot Topics keeps an eye on what is new in the CPA profession and around the world. Managerial Accounting Topics for a Research Paper. It’s already big in other industries and accounting will see more of it in the future. Data access also includes tracking inventory, sales, and expenses. February 5. Financial accounting. These software platforms possess a range of software functionalities accountants value the most, such as optimizing processes and minimizing manual tasks. CPAs who work with closely held companies will be provided with an up-to-the minute overview of the major challenges they are currently facing in their practice. Accounting automation also seeks to guide businesses in arriving at data-driven decisions more quickly than ever before. Professionals identify which of the collected data are the most valuable and then turn them into actionable insights. Use your topic as an opportunity to make a … Too many, in fact, that it’s getting harder every day to keep track of the latest progress in the industry. About 67% of accountants think cloud-based solutions make their jobs easier. Be nice. Accounting Today June 2020. Management accounting is a vast and popular sphere. Accounting leaders are consequently adapting to the trend of allowing employees to engage in remote work. And for the first time in history, candidates get to dictate certain terms of their employment, among which is having a flexible and remote work setting. Although analytics as part of accounting services is not entirely new, it is now more powerful, presenting financial performance in a new light for better actionable insights. An effective social media strategy can contribute to the profitability of a business. It also provides the needed accuracy in terms of ownership and history of assets. This is according to a survey conducted by Sage, which also reveals that 53% of the respondents adopted cloud-based solutions for project management and client communication. In the coming years, it will have the highest impact across several industries, allowing accountants to utilize data and optimize processes for both the best accounting software for small businesses and large enterprises. This gives rise to the number of outsourced accounting service providers. Aspiring professionals in the field have to take to heart the emerging accounting trends and techniques to make inroads in the talent market. Moving From Accounting to FP&A in APAC Wilson Wong, FP&A, FP&A Analyst for TechSource Systems, handles variance analysis, sales performance reporting, efficiency analysis and host of other tasks. Big data supports companies and firms through expanded assessment methods, with accountants and finance experts working behind the scenes.