Accounting information resources are useful tools for professionals who strive for a current and accurate interpretation of the vast amount of complex regulations and procedures in the field. Public accounting information can be authoritative or nonauthoritative in nature as it seeks to advise professionals on technical issues.
Regardless of which is used, these resources bring about a uniform application of accounting practices and keep professionals informed. Reap the rewards of utilizing these sources by making the most of accounting information resources with the following steps:
1. Call a technical hotline for assistance with the application of accounting policies and procedures.
2. Consult with government sources when you need an authoritative accountancy reference.
3. Keep accounting reference materials current.
Utilize accounting information resources for technical issuesIf you need help with information on accounting principles and standards, take advantage of nonauthoritative resources that aim to provide accounting references to tax professionals.
Get authoritative accountancy information from the government sourcesGo straight to a government source when you need official guidance on procedures, regulations, rulings and more. Utilize online government resources to access forms, publications and other tools for tax professionals.
U.S. Securities and Exchange Commission (SEC) website. Questions regarding accounting, financial reporting, auditing as well as auditor independence are encouraged. The Internal Revenue Service (IRS) website offers tax accounting information for tax professionals. Visit the website for guidance on code and regulations as well as other resources that include Tax Hints, e-News, bulletins and more.
Subscribe to accounting research and reference sources and journals to enhance industry knowledgeRequest research on accounting journals as well as news feeds, commentaries and other sources to stay abreast of changes in the field.
- Professional associations for accountants typically offer a wide range of accounting information resources that includes magazines, newsletters, career development and more. Become a member of an organization to stay informed and get connected with other professionals in the field.