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Navigating the Future of Accounting Industry: Updates and Trends

Stay informed about short-term updates like Revenue Recognition and Lease Accounting as well as long-term changes such as Technology Integration and VAT Implementation. Prepare for the future of compliance accounting with helpful insights from Tax Partner Steven Murphy at M.o.o.r.e C.o.l.s.o.n. Reach us at 770-989-0028 or visit www.moorecolson.com.

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Navigating the Future of Accounting Industry: Updates and Trends

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  1. THE FUTURE OF ACCOUNTING INDUSTRY • Short Term Update – Known • Long-Term Update – Complete Guess 2

  2. Short-Term Update • Revenue Recognition – 2018 Public, 2019 Private • Lease Accounting – 2019 Public, 2020 Private • Tax Reform – 2017, 2018, 2019, 2020,…. • Cloud Internal Accounting Systems • Accounting Firm Consolidations • Labor Shortage 3

  3. Long-Term Update • Private Company GAAP Implemented • Technology Simplifies Compliance Process • Tax Reform – 2021, 2022,2023, 2024, … • IRS Prepares Simple Tax Returns • VAT Tax is Implemented • End of Time-Based Billing • Accountant Becomes Full Time Consultant 3

  4. Your Future Compliance Accountant

  5. Thank You ! Steven Murphy | Tax Partner M o o r e  C o l s o n p. 770-989-0028 f.  770-989-0201 www.moorecolson.com

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