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A Better Way to Gauge Profitability

EXECUTIVE SUMMARY Return-on-equity (ROE) is the correct profit metric to evaluate the performance of a business. However, the primary emphasis on financial ratio analysis must be on operating performance. The “advanced” version of the DuPont model remedies the original model’s failure to cleanly separate the effects of operating and financing...

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June 26, 2024

A&A Focus recap: Top A&A and employee benefit plan issues

The June installment of the monthly newscast series reviews the top issues raised at two of the AICPA’s premier conferences, looks at software being used by auditors, and includes an update from the AICPA’s chief auditor.

June 20, 2024

Parting thought from ENGAGE: Don’t let tech changes overwhelm you

A tech-focused CPA explains why he prioritizes attending ENGAGE and discusses how roles are being changed rapidly by emerging technology. Listen to the episode or read the Q&A.

June 13, 2024

EY makes big investment in accounting profession

The Big 4 accounting firm announced that it will invest $1 billion over three years in talent and technology. The investment includes a commitment to improve pay for early-career professionals.

June 1, 2024

Building an HR guide with ChatGPT

This item demonstrates using artificial intelligence technology to build a custom GPT that can
access the firm’s handbook and provide answers to employee questions.

June 1, 2024

How to find errors in Excel formulas

This article looks at how to use Excel’s auditing tools to audit formulas and ensure the accuracy of data.

May 2, 2024

How AI can drive a proactive approach to corporate finance

A finance leader looks back on a key early moment in his career and looks forward to the ways AI will help free up capacity for the finance function of tomorrow. Listen to the podcast or read the Q&A.

May 1, 2024

Tech roundtable: Power to the people tech

Our panel posits that artificial intelligence isn’t the only
technology trend making waves in accounting firms and
finance departments.

May 1, 2024

Change text to sentence case in Excel

In this month’s column, find out how to change text strings to sentence case in Excel.

May 1, 2024

AI and fraud: What CPAs should know

Artificial intelligence technology can be misused for fraud, but it is also a tool accountants can use to detect fraud. Find out how to manage AI-generated fraud risks.

April 25, 2024

How accountants can appropriately rely on AI

A CPA and AI expert discusses some of the ethics questions around using AI in this podcast episode. Hear her words or read the Q&A.

April 1, 2024

GenAI for accountants: 10 prompt-writing tips

The emerging art of ‘prompt crafting’ can deliver more powerful results from platforms like ChatGPT and Google Gemini.

April 1, 2024

Managing change in audit technology transformation

Constant change can be exhausting. To transform their audit technology despite change fatigue, firms can follow these tried-and-true suggestions.

April 1, 2024

Move quickly with Excel’s Navigation Pane

The Navigation Pane in Excel is a useful tool that allows users to easily move around and manage large workbooks.

April 1, 2024

Microsoft’s huge AI rollout: What CPAs should know

Microsoft Copilot merges generative AI with key apps, potentially revolutionizing how accountants work. Here’s what early adopters say.

April 1, 2024

Vertical Tabs give one browser the Edge

There are three ways to turn on Vertical Tabs.

April 1, 2024

Tech roundtable: There’s more to AI than ChatGPT

Our panel provides perspective on the potential, perils, and place of GenAI in the wider context of artificial intelligence and automation.

March 28, 2024

How to best tackle technology and the talent pipeline

Tom Hood’s travels have been “eye-opening and quite rewarding”; he reflects on three years in an AICPA & CIMA executive role in this podcast episode with transcript.

March 28, 2024

Organizations moving forward with generative AI despite concerns, survey shows

More than 70% of finance executives have worries related to privacy, ethics, and accuracy, but some respondents in an AICPA & CIMA survey say they’re moving ahead with implementation of generative AI tools.

March 18, 2024

Risk concerns remain for CFOs, but they see improvement ahead

Three in five finance leaders say “now is not a good time” to take greater risks, according to Deloitte’s first-quarter North American CFO Signals survey, partly because of expected upcoming interest rate cuts.

March 1, 2024