FEI Weekly

May 17, 2017

CFOs focused on employee development, technical consensus on revenue recognition, and Bill Gate's book recommendation.

Looking Ahead: How Automation Will Change The Accounting Industry

Forbes

There's been a lot of talk about the use of automation and with good reason.

CFOs Keen on Employee Development

CGMA

Companies plan to increase the amounts budgeted for professional development this year, in part to address regulatory compliance.

FASB Seeks Feedback on Effectiveness of GAAP Taxonomy

Accounting Web

The GAAP taxonomy is a list of computer-readable tags in XBRL that enables companies to tag financial data that are included in typical long-form financial statements and related footnote disclosures.

Technical Conclusions Taking Shape in Revenue Recognition

Compliance Week (subscription may be required)

Technical consensus is starting to gel on certain aspects of the new revenue recognition accounting requirements, but the answers are still not nearly as cut and dried as accountants might like.

Bill Gates Says This is the Most Important Book for College Grads to Read

Quartz

No advice from the philanthropist comes without a book recommendation.