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The Institute of Management Accountants is expanding its competency framework for accounting and financial professionals.The IMA is explaining the details at its conference in Scottsdale, Arizona this week, as well as an American Accounting Association conference in August. The competency framework is expanding to include skills for today’s business environment to connect accountants with professionals in related fields, such as data analysis, business operations, information technology and project management.”The IMA Competency Framework is a fresh, future-ready blueprint designed to guide your growth and development,” said IMA president and CEO Michael DePrisco in a statement. “It’s built to reflect where accounting…

Netflix’s next move against YouTube should be an embrace of “high-value short-form content,” Wells Fargo media analyst Steven Cahall argued in a recent note.Cahall thinks Netflix could lure creators from YouTube by promising exclusive multi-year deals.Cahall wrote that adding shorter videos would perfectly complement Netflix’s vast library. It would make the streamer a top destination for viewers, even if they only have a few minutes to spare. That could help form fresh habits with young audiences hooked on TikTok, YouTube Shorts, and Instagram Reels.”Short-form could help Netflix navigate generational changes,” Cahall wrote. Gen Z is spending less time watching traditional…

In the age of AI coding, GitHub’s CEO says he’s still a believer that junior engineers are of great value to tech companies. Just don’t be surprised if you’re asked to showcase your prompt-engineering skills in a job interview.Thomas Dohmke, who has been CEO of Microsoft-owned GitHub since 2021, talked in a recent interview with “The Pragmatic Engineer” about what early-career software developers bring to the table.”It’s lovely to see that those folks that bring fresh ideas, a great amount of energy, the latest learnings from college and university, and often a different, diverse background into the company,” Dohmke said.The…

The International Accounting Standards Board released a revised Practice Statement on management commentary to achieve better global alignment, while its parent, the IFRS Foundation, released guidance on an entity’s climate-related transition disclosures.The IASB did a major overhaul of the practice statement after investors pointed out shortcomings in current practice and to offer a global benchmark for regulators to use in updating or developing their national requirements and guidance as well as provide a comprehensive resource for companies to help meet investors’ information needs.. The IASB worked closely with the International Sustainability Standards Board to align the two boards’ requirements and to…

Airspace over the Middle East on Monday afternoon EDT, according to FlightRadar24.Courtesy: Flightradar24Airlines diverted more flights in the Middle East on Monday after Iran’s armed forces said the country launched a missile strike on a U.S. military base in Qatar, exacerbating the region’s military conflict.More than 20 commercial aircraft bound for Doha, Qatar, diverted, while another four heading to Dubai in the United Arab Emirates turned around, according to aviation data firm Cirium. Meanwhile, flight-tracking platform Flightradar24 said airspace over the UAE was closed. Reuters reported that the island nation of Bahrain also closed its airspace temporarily.British Airways said Monday…

For prospective homebuyers, there are a few reasons to be hopeful that the housing market is taking a turn for the better. Top among them is home-price growth, which is slowing, and in some metros, even trending down.A Redfin report published Monday said that home price growth posted the slowest increase since 2023 last month, at 0.7%. That’s promising news in a market that’s seen poor affordability as a barrier for many looking to buy a house.The decrease can be attributed to buyers outnumbering sellers, leading to houses sitting on the market for longer and giving buyers an edge in…

President Donald Trump’s tax-and-spending agenda is nearing a climactic vote in the Senate this week in the wake of air strikes on Iran, which risk embroiling the U.S. in a prolonged Middle East conflict.Trump’s $4.2 trillion tax-cut package, partially offset by social safety-net reductions, does not yet have the support it needs to pass the Senate. Fiscal hawks seeking to lower the bill’s total price tag are at odds with Republicans worried about cuts to Medicaid health coverage for their constituents and phase-outs to green energy incentives that support jobs in their states.Finessing a deal to line up the votes…

A for sale sign is displayed near a home on April 24, 2025 in Austin, Texas.Brandon Bell | Getty Images News | Getty ImagesSales of previously owned homes rose very slightly in May, up 0.8% from April, to a seasonally adjusted, annualized rate of 4.03 million units, according to the National Association of Realtors. Housing analysts had been predicting a 1% decline. Sales were 0.7% lower than May of last year.Sales were strongest in the Northeast, up 4.2% month-to-month. They also rose in the Midwest and South, but they fell in the West, down 5.4%. The West is the most…

Investors were bracing for a wild day of trading on Monday after the US bombed Iran on Sunday, but world markets are surprisingly calm.As of 9:45 a.m. ET, the main US stock indexes, benchmark 10-year Treasury yield, and gold are nearly flat. Crude oil prices are marginally lower, the US Dollar Index is 0.5% higher, and bitcoin has erased its dip to below $99,000 to trade at about $102,200. European stock markets are down, but not by very much.”The markets are not yet reacting with any degree of panic to the US airstrike on Iran’s nuclear facilities as they await…

The Governmental Accounting Standards Board is juggling a variety of projects to improve accounting for state and local governments as they come under pressure from the threat of reduced funding from the federal government.”If you’d asked me a year ago, I would have said the idea that they might be losing a substantial amount of federal funding is probably not something I would have worried about too much,” said GASB chair Joel Black in an interview with Accounting Today. “But in today’s environment, it’s at least something they have to consider.”In late 2023, GASB issued Statement 102, Certain Risk Disclosures,…