More Accountants In Demand Than IT ProsHere's a surprise: accounting and finance professionals are more in demand that tech pros.Read the rest of this entry »
That's what hiring managers and HR leaders in South Florida and the greater Chicago area, told researchers from the University of Michigan. The survey of 500 employers is limited to those areas, but it's the first time in a year those companies have more open positions in accounting than in IT.
A Look at the 'Disruptors' CPAs Will Grapple With In 2017Five "disruptors" will be shaping the business environment next year, influencing the types of issues accountants will be confronting.Read the rest of this entry »
Kimberly N. Ellison-Taylor, chair of the board of directors of the American Institute of CPAs, listed them as 5 "T"s: Technology, Trust, Transformation, Transition and Talent. In her article in the AICPA Insights, she said these changes are "coming at us faster than ever."
Here's what she had to ...
Intercompany Transactions Are Creating Accounting ChallengesMultinationals are running into difficult -- and often costly -- accounting problems as a result of their complex value chains and the increasingly close scrutiny their under from regulators.Read the rest of this entry »
In an article in the Journal of Accountancy, Kyle Cheney, CPA, a partner in Deloitte's advisory practice, cautions that, "Multinationals need to treat their internal business with as much rigor and control as they treat their external business."
It isn't just ...
No Retreat Seen From Global Accounting StandardsA retreat from global accounting standards is unlikely, despite Britain's Brexit vote and the potential renegotiation or withdrawal of the U.S. from trade agreements, as promised by the incoming Trump administrationRead the rest of this entry »
Speaking at the AICPA Conference on Current SEC and PCAOB Developments, Hans Hoogervorst, chairman of the International Accounting Standards Board (IASB), said, “Of course, it is too early to tell, but for now we see no immediate ...
Retirement Services Are A Growth Area For AccountantsWith the Baby Boom generation in full retirement mode, retirement planning has become one of the fastest growing niches for accounting firms.Read the rest of this entry »
Though fewer than 3% of accountants are accredited retirement advisor/elder-care specialist or a certified senior advisor, according to the
National Society of Accountants, practitioners are increasingly being asked by their clients for help with retirement planning.
John Dundon, an Enrolled Agent with a Colorado firm told AccountingToday ...
CPA Firms Grew Revenue In 2016From the solo practitioner to the largest CPA firms, revenue in 2015 grew at a faster pace than in 2014, with some reporting double-digit increases.Read the rest of this entry »
The 2016 National Management of an Accounting Practice (MAP) Survey released last month by the American Institute of CPAs found that the 1,500 participating firms grew revenue from a low of 5% for firms with annual revenues in the $500,000 to $700,000 ...
Q4 Forecast: Demand Growing for Finance and AccountingHiring accounting professionals this quarter? Don't expect it to get easier as we approach the end of the year. If anything, it is going to be tougher to fill your accounting and finance jobs this quarter, says a report from Brilliant.Read the rest of this entry »
The company surveys accounting firms, financial institutions and other businesses on their hiring plans for each quarter. What it found is that the demand for accounting and finance ...
CPA Leaders Worried About Staying RelevantAccounting profession leaders share many of the same challenges that leaders across most industries face: talent recruiting and knowledge transfer as the retirement of CPA Boomers accelerates, the impact of technology and remaining relevant in a fast changing business environment.Read the rest of this entry »
These are the same issues that accounting leaders identified last year in Accounting Today's annual survey. Little has since changed, Accounting Today found, except, perhaps, the level of concern ...
Majority of Financial Firms Offer Continuing Ed HelpOne of the little used perks that many employers offer is tuition subsidies. While studies show that only a minority of all workers take advantage of having their employers help with education expenses, for accountants and finance professionals it's a perk a majority of companies offer.Read the rest of this entry »
According to a report in AccountingWeb, 33% of the 2,200 finance leaders surveyed said their firm underwrites all educational costs for their ...
Hedge Fund Activisim May Actually Improve PerformanceActivist hedge funds have been pilloried for their focus on quick profits at the expense of the stocks -- and the companies -- they target.Read the rest of this entry »
Now comes a report offering evidence to the contrary. The research paper -- “Are Activist Investors Good or Bad for Business? Evidence from Capital Market Prices, Informed Traders, and Firm Fundamentals" -- presented at the conference of the American Accounting Association underway in New York City, says hedge fund ...