Small ‘signs of strength’ despite continued concern about inflation

Journal of Accountancy Podcast

English - June 06, 2024 18:31 - 9 minutes - 13.3 MB - ★★★★ - 68 ratings
Business tax accounting finance financialreporting Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: AICPA & CIMA CEO search: Details from the selection committee chair

Next Episode: Quality management: Details of a standard-setting journey

Ken Witt, CPA, CGMA, AICPA & CIMA associate director–Management Accounting Research and Development, explains in this JofA podcast episode why finance decision-makers in the second-quarter Business and Industry Economic Outlook Survey are less optimistic now compared with the first quarter.

Witt summarizes the survey results, including CPA decision-makers' expectations for revenue and profit increases and the top challenges facing them and their businesses.

What you’ll learn from this episode:

· Why Witt says the outlook this quarter is “mixed.”

· An overview of respondents’ sentiment about the domestic and global economies.

· The “signs of strength” in KPIs, including revenue and profit projections for the next 12 months.

· One metric that Witt will monitor in the third-quarter survey results.