Practice Management news June 2007 | AccountingWEB

Practice Management news June 2007

Practice Management

Checklist for the sale or acquisition of a closely-held company

All sales and acquisitions of closely-held companies share a general sequence of activity from inception to consummation. Phases of the process will invariably differ from transaction to transaction, but there is usually a substantial commonality of approach. Although each aspect warrants comprehensive discussion, the following is a checklist and general summary of the most material aspects warranting attention.1.
Practice Management

Using conflict as a strategic asset

Wouldn't life be easier if we could just make decisions in a vacuum and not worry about what others thought?Yes it would, but the business environment in which we operate is focused more and more on fostering teamwork. Teams increase the complexity of decision-making because they are composed of members with diverse backgrounds.Naturally, when you get a group of diverse people together to make a decision there will be conflict. However, conflict is not necessarily 100% bad.
Practice Management

Free podcasts: 7 ways to improve your practice

CCH, a Wolters Kluwer business and a leading tax and accounting information group, has launched a series of free podcasts for accounting practices. The series, entitled "7 Ways to Improve Your Practice," is aimed at accountants and will help them to improve business productivity and efficiency.

Excel 2007 tip #1: Make your data visible to other Excel users by saving in Excel 97-2003 format

Files produced by Excel 2007 are in the new .xlsx format. No other version of Excel can read them unless a special compatibility pack has been installed. If you plan to share your Excel 2007 files with other Excel users, you can set Excel 2007 to save your files automatically in Excel 97-2003 format. This will allow other Excel users who have not upgraded to Excel 2007 to read your files.How to set Excel 2007 to automatically save files in Excel 97-2003 format: Start up Excel 2007. Open an empty worksheet.
Practice Management

Running a motivational session: 10 steps to success

At some stage most managers need to conduct a motivational training session with their team members. Bob Selden, who has been a manager and trainer for many years, sets out 10 helpful points to help them reach that goal. So, you're a manager. So, you know you have to run a training session or a team meeting for your team (for the first time) that needs to be motivational, and you're not a professional trainer. So what! With a good plan and a well structured session, training can be enjoyable and most of all rewarding for both you and your team. Here's how....1.
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