2018 Was a Record Year for VC ActivityRead the rest of this entry »
When talking about venture capitalists, California and its Silicon Valley may be the first place to come to mind. In 2018 the state accounted for well over half the $130.9 billion invested. Massachusetts and New York were second and third.
Last year was a record-breaker for VC investment. The Pitchbook declared, "2018 ended up being a banner year for the VC industry with $130.9 billion invested across 8 ...
Group to Consider Adding Technology to CPA ExamRead the rest of this entry »
Demonstrating proficiency in all aspects of accounting has long been the essential requirement of becoming a CPA. Soon, accountants may also be tested on their skills in accounting technology and data analytics.
The National Association of State Boards of Accountancy (NASBA) and the AICPA have formed a group to explore adding sections to the CPA exam about these areas, which are increasingly becoming a part of accounting practice.
The Journal ...
6 Areas of Risk For Accounting FirmsRead the rest of this entry »
Accountants by nature and training are cautious. Yet accounting partners may be running risks in their own firms they may not even be aware of.
A recent article in Accounting Today recommends managers review six areas "where accounting firms are most likely to find risk – and the opportunity to minimize it." Here are the six:
- #MeToo and your firm -- "Make certain that policies prohibiting discrimination, harassment and retaliation meet ...
Q1 Hiring Plans Are Strongest In YearsRead the rest of this entry »
The stock market may be seesawing, but employers are still bullish on hiring. Two recent surveys of hiring intention both pointed to strong plans by employers to add staff in the first quarter of this new year.
Manpower's long running Employment Outlook, based on a survey of 12,500 employers, shows 23% expect to add headcount between now and the end of March. Seasonally adjusted basis that comes out to ...
Ahead for Accounting: Automation, Competition and DisruptionRead the rest of this entry »
Accountants who read our blog post this week about what 2019 holds for the healthcare industry will notice some of the same themes in today's post about the trends the accounting profession will see next year. Automation, analytics, blockchain and continued disruption to accounting's traditional business model are in the profession's future, just as they are for healthcare, different forms, of course.
Writing on CPA Practice Advisor, accounting consultant and ...
6 Reasons Accountants Make Good FriendsRead the rest of this entry »
Do you know why accountants make great friends?
Because without them it's an accrual world.
OK. OK. You can stop the groaning or we'll give you the whole list, and believe us when we say the accrual one was the best of the lot. But hey, it does show that accountants can be funny. And you can count on us (did you catch that one?) when we say, accountant or ...
Compared to the CEO, CFO Pay Is StagnantRead the rest of this entry »
As CEO pay has steadily increased over the past five years, CFOs have seen only modest increases in compensation.
Corporate research and intelligence firm Equilar posted an analysis of CFO pay changes since 2013, finding that CFO median pay at the largest public companies grew by $600,000. CEO pay, however grew by a median $2 million.
"The chief financial officer is an extremely important cog in the machine that ...
How the CPA Exam Is CreatedRead the rest of this entry »
There's nothing funny about the CPA test.
Literally and intentionally.
For months, teams of specialists, most of them accountants, but also including trained test developers and, when needed, even linguists, pore over the exam questions to ensure they're fair, understandable, free of complicated wordings and logical structures and so bland that proper names for individuals and companies are eschewed in favor of "a taxpayer," "an auditor" or "a company ...
How Accounting Firms Can Empower WomenRead the rest of this entry »
Women make up 51% of the nation's accountants, but only 24% of partners and principals are women. That's an improvement of 25% over the last five years.
When it comes to women as managers, senior managers and supervisors or in senior staff positions, the percentages have barely budged, according to the 2018 MOVE Accounting Project Report. And the numbers get smaller, the larger the firm.
Noting that "on a macro-level ...
CPA Test Results Show Highest Passing Rates In YearsRead the rest of this entry »
The CPA pass rates for the first two quarters of this year are trending substantially higher than last year, according to the latest results reported by the American Institute of CPAs. The 2nd quarter posted some of the best results in years.
The surprisingly strong Q2 results for the 4-part test are as much as 7.5 percentage points higher than for the same quarter in 2017. An analysis of ...