December 2025

PROFESSIONAL ISSUES

Rise2040: Envisioning the future of accounting and finance

The acclaimed futurist guiding the Association’s Rise2040 visioning project explains how to anticipate — and prepare for — the next 15 years.

MANAGEMENT ACCOUNTING

As Finance Duties Shift, CAOs Take On Strategic Role

With CFOs becoming co-pilots of the CEO, chief accounting officers emerge as essential partners in shaping the future.

CAREER DEVELOPMENT

Personal branding and networking strategies for today’s CPA

By building a brand that reflects your passions, you can stand out from the crowd and attract valuable opportunities.

BUSINESS & INDUSTRY

Managing MNE subsidiaries during tariff shocks

Multinational enterprises’ subsidiaries need other incentives to optimize their performance if transfer pricing policies guarantee them a routine profit.

FINANCIAL REPORTING

IFRS 18: A fundamental redesign of financial statement presentation

The new international accounting standard is aimed at more consistent reporting that’s better aligned with how businesses are run.

COLUMNS

FROM THIS MONTH'S ISSUE

Tax Court allows cattle ranch deductions

The Tax Court held that a Texas rancher operated with a profit motive, despite “troublingly large” losses more than 77 times his gross receipts from farming and ranching. Learn more in this Tax Matters article.