Practice Management news March 2008

A&A

Seven ways to avoid becoming a bad boss

By Bruce L. Katcher, Ph.D. President, Discovery Surveys, Inc.Most employees experience a bad boss at least once in their career. Many feel they have never really had a good boss. Insensitivity, failure to communicate, and a lack of fairness are the hallmarks of poor supervision.Why is it that good supervisors are hard to find?Supervising is Not Easy Handling the complex issues of motivating employees and solving job and people-related problems is very difficult. Few are capable of handling these responsibilities well.
Practice

Managing the sales negotiation process

By, Michael SchatzkiHow many times have you heard:
Practice Management

Giving your business clients things they need

By Brian Hamilton, CEO, ProfitCentsWhen you go out to dinner, you are usually hungry. When you buy water, you are thirsty. When you buy a winter jacket, you want to stay warm. In these individual cases, the value exchange between buyer and seller is clear and there is a definite need and solution set. In accounting, it’s less certain that we are giving clients what they need. Sometimes, we don’t know what they need, which is born of the fact that we either don’t ask them or they don’t tell us.
Practice

CPAs can make sure nonprofit leaders are leading

Many CPAs are active in their communities. Many of those happen to volunteer their precious time to nonprofit organizations. You may be a CPA in a top position, or you may be a loyal foot soldier for a cause. Either way, evaluating the not-for-profit organization's leaders - or adopting key leadership traits - could be critical to the success of the organization in which you believe and invest so much time.The leadership capacity of a nonprofit or exempt organization is extremely important.
Practice Management

Keeping a lid on compliance costs

by Bob Mahan CFO, of Ajilon Finance The positive aspects of the raft of new accounting and financial reporting regulations are numerous. In a recent Deloitte survey, companies report they have a far better understanding of their chief risks and associated control mechanisms than just a few years ago. In addition, companies say internal controls are now far stronger, with the likelihood of material misstatements moving forward greatly reduced.
Practice Management

Mandatory partner retirement and succession planning is a hot issue

Source: INSIDE Public Accounting (IPA) As firms struggle with the balance of retaining quality employees, tapping into the talent of the partner group, and ensuring that opportunities are available for younger staff to move up in the ranks, the question of partner retirement - when, how and whether it should be mandatory - becomes increasingly important. The concept of mandatory partner retirement can be a touchy subject throughout the profession.