New Guidance on Accounting for and Disclosure of Crypto Assets
Field of Study: Accounting
Crypto assets have evolved from the inception of Bitcoin in 2009 to a diverse ecosystem
encompassing thousands of digital currencies. This evolution has witnessed increased
adoption, regulatory scrutiny, and innovation in blockchain technology. Aaron Jacob, Vice
President of Accounting with TaxBit, joins this segment to discuss the FASB’s new accounting
standards update related to crypto assets, including the assets in scope, recognition,
presentation, and disclosure requirements, as well as considerations for companies when
adopting the new amendments.
Unleashing Efficiency: Harnessing AI for Next-Level Accounting
Field of Study: Information Technology
These days, integrating AI into an organization’s business and finance processes is no longer
an if, but a when. AI-based tools empower accountants and financial professionals to perform
financial processes and analyses with ever-increasing speed. Dr. Mfon Akpan, Methodist
University, and Dr. Scott Dell, Francis Marion University, discuss the use of AI and natural
language processing in the accounting profession. They show us how CPAs can utilize AI to
significantly improve productivity and efficiency in tax research, compliance, client relationships,
and financial data analysis.
Cost Segregation: Overview of Effective Tax Strategies
Field of Study: Taxes
Cost segregation is a valuable tax planning tool for businesses owning or investing in
commercial properties, offering the potential for substantial tax savings and improved cash flow.
Isaac Downing, Senior Director with Omega Accounting Solutions, joins this segment to
discuss the benefits of cost segregation. In addition, Isaac guides us through when to perform a
cost segregation study, when not to perform a study, the types of qualifying assets involved, as
well as how bonus depreciation can also be leveraged to unlock additional tax savings.
U.S. Economic Outlook – Labor, Inflation, Geopolitics, and AI Impacts
Field of Study: Economics
Over the past few years, the U.S. has navigated through a complex economic landscape with
challenges driven by supply chain disruptions, inflationary pressures, and geopolitical
uncertainties. However, there is cautious optimism regarding the economy's resilience,
supported by robust consumer spending, technological advancements, and ongoing policy
responses. Dana Peterson, Chief Economist, with The Conference Board, joins this segment to
discuss the labor market, business and consumer confidence, inflationary concerns, downside
risks regarding deglobalization and geopolitical tensions involving the U.S. and China, as well
as impacts from AI.