Financial Accounting News

Accountants Must Forecast the Future, Pandemic or Not (Podcast)

May 22, 2020, 8:45 AM

This isn’t a great time to be in the future-predicting business, but unfortunately that is what accountants at companies large and small are paid to do.

On this week’s episode of our podcast, Talking Tax, host Amanda Iacone speaks with accounting consultant Esther Mills about how to create estimates at a time when predicting what conditions will be like just a few months from now seems laughable. Mills talks about what accountants can do to be honest and accurate while still providing investors with the information they need.

To contact the reporter on this story: David Schultz in Washington at dschultz@bloombergenvironment.com

To contact the editors responsible for this story: Rachael Daigle at rdaigle@bloombergindustry.com; Kathy Larsen at klarsen@bloombergtax.com

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