Education & Careers news January 2006

Education & Careers

Corporate Fraud, Regulation and Ethics

With new laws and regulations, short-term financial goals continue to drive corporate decision-making creating pressure and motive for accounting fraud, according to the Washington Post. The simple fact is that regulators cannot pass laws that force corporate executives to act with integrity or prompt investors to do their research before buying stock and other investments. For the first time in some 70 years, accountants, serving as gatekeepers, face independent oversight. “The profession has taken a bit of a bloody nose in the last few years,” Chester J.
Education & Careers

Starting Salaries for Canadian Accounting Pros Increasing

In Canada, starting salaries in accounting and finance are projected to rise an average of 2.5 percent in 2006, according to the 2006 Salary Guide from Robert Half International, Incorporated. The 2006 Salary Guide is based on an analysis of the thousands of job placements managed by the company’s Canadian offices.“Business expansion and corporate governance initiatives are driving recruitment in the accounting and finance industries,” says Jeff Holloway, a vice-president with Robert Half International.
Practice Management

Office & Public Rudeness Counterproductive

With business and office communications becoming more faceless, e-mail and phone communication may be causing a rise in office rudeness. Studies are being done and books are being written on the subject as productivity is sapped, as well as some efforts to retain good talent, according to the Wall Street Journal. The distance between management and workers seems to be growing, too.
Community News

Students Find Real Solutions for Local and Game Businesses

In response to immediate problems experienced by local businesses in the Bloomington, Indiana area, a program established by Indiana University is finding solutions. Each fall semester, graduates students in their Kelley School of Business complete field consulting projects while being mentored by faculty advisors. More than 20 teams of four or five graduate students from the MBA in Accounting (MBA/A) and the Master of Professional Accountancy (MPA) programs partner with local businesses to complete these field consulting projects.
Education & Careers

Effective Methods for Developing Global Leaders

“The best way to accelerate global leadership development is to have a sound framework,” Robert Kramer, Principal Researcher, The Conference Board and author of the report Developing Global Leaders: Enhancing Competencies and Accelerating the Expatriate Experience, says.
Education & Careers

Jobless Claims Plunge

Those applying for U.S. state unemployment benefits decreased by 35,000 to a seasonally adjusted 291,000 in the last week of 2006. The Labor Department reports this is the lowest figure since September 2000. The Labor Department cautioned that this data at this time of year is volatile because of the holidays and large expected swings in seasonal employment. The four-week moving average for new claims also hit the lowest figure since August 20th, when Hurricane Katrina devastated the Gulf Coast.
Practice Management

What Is Environmental Accounting?

Environmental Management Accounting (EMA) is a cover title used to describe different aspects of this burgeoning field of accounting. The focus of EMA is as a management accounting tool used to make internal business decisions, especially for proactive environmental management activities.EMA was developed to recognize some limitations of conventional management accounting approaches to environmental costs, consequences, and impacts. For example, overhead accounts were the destination of many environmental costs in the past.
Education & Careers

The Less Traveled Road to Success

Let me tell you about my friend and former student Kelly McCoy. He was abandoned as a young boy and reared by his destitute grandmother. Although he was not a good high school student, unlike anyone else in his family, he graduated from high school. After an injury truncated his Army enlistment, he meandered aimlessly for 5 years – nearly losing an arm after someone used him for target practice.But somewhere along the way Kelly got the bug to become an accountant.
Practice Management

Accountants’ Confidence Slides in December

Accounting and finance workers confidence fell nearly five points in December, according to the Hudson Employment Index. Despite reporting the lowest figure of the year for job satisfaction, at 68 percent, and declining confidence in hiring expectations and job security, they still remained more positive than other workers.