Accounting Standards & Law Updates Template

Accounting Standards & Law Updates in Priority Matrix

Stay updated with the latest accounting standards and laws for accurate and effective service.

You can start using Accounting Standards & Law Updates or other Accounting Project Templates with Priority Matrix in just a few steps:

1. Click to sign in or create an account in the system
2. Start adding your items to the matrix
3. If you prefer to use the Mac and Windows app download Priority Matrix and take your data with you

If you have any questions and you can't find the answer in our knowledge base, don't hesitate to contact us for help.

Proposed Tasks

Immediate and Essential

• Task 1: Setup Google Alerts for Accounting Updates - Due in 1 day
  ☐ Set up Google Alerts for keywords related to accounting standards and laws ☐ Specify email alerts for real-time updates
• Task 2: Subscribe to Relevant Accounting Journals - Due in 1 week
  ☐ Identify key accounting journals ☐ Subscribe for monthly/quarterly updates
• Task 4: Review Accounting Alerts Weekly - Due in 1 week
  ☐ Review the alerts received over the week ☐ Make notes of important changes

Long-term and Essential

• Task 3: Attend Accounting Webinars - Due in 2 weeks
  ☐ Search for upcoming webinars on recent accounting changes ☐ Register and attend the webinars
• Task 5: Monthly Review of Accounting Journals - Due in 1 month
  ☐ Read through the received journal updates ☐ Highlight and document key changes
• Task 6: Update Internal Accounting Policies - Due in 2 months
  ☐ Review internal accounting policies ☐ Update them according to the new laws and standards
• Task 7: Conduct Training Sessions for Accountants - Due in 2 months
  ☐ Plan training sessions to update accountants on new policies ☐ Conduct the training sessions
• Task 8: Review Client Accounts - Due in 3 months
  ☐ Review client accounts for compliance with new laws ☐ Make necessary adjustments
• Task 10: Implement a Routine Update Review - Due in 3 months
  ☐ Develop a routine review process for future accounting updates ☐ Implement the process
• Task 9: Update Client on Changes - Due in 3 months
  ☐ Inform clients about the changes in accounting policies ☐ Explain how it impacts their accounts
• Task 11: Quarterly Review of Accounting Changes - Due in 3 months
  ☐ Review all accounting changes in the last quarter ☐ Document any significant changes
• Task 12: Update Accounting Software - Due in 4 months
  ☐ Check if the accounting software is up-to-date with new standards ☐ Update the software if necessary
• Task 13: Update Accounting Templates - Due in 4 months
  ☐ Review and update accounting templates based on new standards
• Task 14: Conduct Client Meetings - Due in 4 months
  ☐ Plan and conduct meetings with clients to discuss any significant changes
• Task 17: Semi-Annual Review of Accounting Changes - Due in 6 months
  ☐ Review all accounting changes in the last six months ☐ Document any significant changes
• Task 20: Annual Review of Accounting Changes - Due in 12 months
  ☐ Review all accounting changes in the last year ☐ Document any significant changes

Immediate and Non-Essential

• Task 15: Review Client Feedback - Due in 5 months
  ☐ Gather and review feedback from clients ☐ Make necessary adjustments based on feedback
• Task 16: Implement Changes Based on Feedback - Due in 5 months
  ☐ Implement changes in the accounting process based on client feedback

Long-term and Non-Essential

• Task 18: Update Accounting Course Material - Due in 7 months
  ☐ Update the course material for in-house training based on new standards
• Task 19: Conduct Refresher Training - Due in 8 months
  ☐ Plan and conduct refresher training for accountants