Journal of Accountancy Podcasts

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.