Practice Management news

Practice

Working the Cloud: The Next Steps

While it's always good to be flexible when getting started, there are some critical things you should decide in order to maximize your potential and delight your ideal clients.
Practice

AAM Marketing Ideas: The Niche Strategy

If you want to earn a commanding presence in a target market, the clients need to know that you understand their unique concerns and that you are an expert in their sector. Professional alliances are the key.
Practice

How to Become a Retail CPA

Retailers have a different outlook on the client servicing process. CPAs would do well to emulate them, rather than just focusing on getting the work out and charging the most possible.
A&A

FASB Tweaks Rule on Repo Agreements

New guidance issued by the standard-setting board on Thursday changes the accounting for repurchase-to-maturity transactions and repurchase financings, and adds two new disclosure requirements.
A&A

FASB Simplifies Rule on Development Stage Entities

New guidance issued on Tuesday reduces the overall cost and complexity associated with financial reporting for development stage entities, without lessening the availability of relevant information.
A&A

PCAOB Backs New Auditing Standard on Related Parties

The new guidance adopted on Tuesday focuses on related-party transactions, significant unusual transactions, and a company’s financial relationships and transactions with its executive officers – key factors in many financial reporting frauds.
Practice

How to Become a Temporary Accountant

The financial labor force has changed, and now adaptable accountants can make a solid career by working as long-term temps, lowering job risk without sacrificing career growth or pay. "Temporary" may be the new name of the game.
Practice

How to Prospect While Volunteering at a Nonprofit

Accountants are always welcome members on the boards of nonprofits, and it's a chance to mix some business development with good works. But a soft-sell is essential.
A&A

Companies Shelling Out More Money to Finance Executives

Salaries for finance leaders in private and public companies in 2014 have increased 3.3 percent and 3.4 percent, respectively, according to a new survey released by Grant Thornton and the Financial Executives Research Foundation.
Practice

Intuit Injects Note of Caution on Cloud

Although the venerable accounting technology giant is onboard with the cloud, it advises firms to give a lot of thought and to take care of the details before making the move.
Practice

Tech Review: Keeping Track of Your Email Time

Email seems to take up a lot of your day—but do you know how much? There's a service that will time you, so you can see how much time you and your staff are spending (or wasting) on Outlook.
A&A

Economic Optimism Among CPAs Climbs Upward: AICPA

The number of CPAs and financial executives who are optimistic about the US economy has surpassed the 50 percent mark for the first time since the recession, according to a new AICPA survey released on Thursday.
A&A

Many Companies Slow to Implement 2013 COSO Framework

According to a new Protiviti survey, 48 percent of the more than 600 audit executives and professionals surveyed reported that their organization had not yet applied the new internal control framework as of the first quarter of 2014.
Education & Careers

AICPA Task Force May Turn CPE on Its Head

An AICPA task force report challenges CPAs to think about learning in new ways. From 10-minute for-credit webinars to the use of game elements, tomorrow's CPE may look very different.
A&A

Lawmakers Oppose Proposed Changes to Accounting Method

In a letter last week, a bipartisan group of more than 110 House legislators urged Ways and Means Committee Chairman Dave Camp not to repeal the last in, first out inventory accounting measure in his tax reform plan.
A&A

Deal with Rothstein Kass Makes KPMG US Hedge Fund Leader

KPMG officials said the acquisition, which will be finalized in the coming weeks, will boost the Big Four firm’s presence in the alternative investments industry and capital markets, including hedge funds.
Practice

Don't Get Caught in an EEOC Discrimination Nightmare

Whether accountants are firm owners, business executives, or just employees, a little knowledge of the EEOC can save money and avoid legal proceedings.
A&A

FASB, IASB to Hold Revenue Recognition Webcast on June 5

The one-hour broadcast will provide an overview of the new accounting rule, as well as information on such topics as recognizing revenue over time, contract costs, disclosures, transition, and effective date.
A&A

FASB, IASB Unveil Final Standard on Revenue Recognition

The two standard-setting boards announced the release of the converged standard on the recognition of revenue from contracts with customers on Wednesday morning – the culmination of a joint project that has been in the works since 2008.
Practice

How to Handle the Executive Client

Senior corporate executives make fast decisions. They typically don't pushback on fees. They usually aren't high maintenance. But working with them is a high-wire act. Learn their psychology.

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