In 2020, the United States’ accounting industry produced over $110 billion in revenue, employing over 1.39 million accountants and 1.62 million bookkeepers. There were a record-setting 5.4 million new business applications in the U.S. in 2021, and this growth fuels the need for corporate financial assistance. While accounting and bookkeeping …
There is no shortage of dramatically negative headlines about the impact of artificial intelligence on nearly every industry, every career path and potentially, every aspect of our personal lives. The promise of technology like AI has almost always been about efficiency — with AI, we can have computers do in …
The full impact of digital transformations such as increasing investment in automation, artificial intelligence and cryptocurrency technology has yet to be realized, but these trends are likely to have a dramatic impact on the way businesses operate and the way that accounting departments interact within the rest of their organizations. …
The language of accounting can seem perplexing at first, especially when some words that we use in everyday transactions take on different meanings in a financial context. By understanding a few dozen foundational terms, you will be on track to talk about, and manage, money with confidence. Whether you are …
Technology has always played a disruptive role when it comes to long-standing fields like accounting and finance. However, the accounting field has proved to be resilient and consistent throughout a broad range of innovations. From the invention of the calculator to the creation of full suites of accounting software, the …
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