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Education & Careers news

Education & Careers

Tweens Savvy About Savings

The next generation is learning financial prudence, according to a survey of American “tweenagers” conducted by Weekly Reader Research and the American Institute of Certified Public Accountants (AICPA). When asked what they would do with a gift of $100, 59 percent of children between the ages of 9 and 12 indicated they would save at least $50.The announcement of the survey results, coincide with the launch of a special “Budget Buzz” program.
Practice Management

Lifestyle Lures Accountants Abroad

The key reason accountants chose to relocate overseas is lifestyle, according to Think Global Recruitment’s annual survey. Apparently, it is not an unreasonable expectation, since 94 percent of those surveyed report enjoying an improved lifestyle after relocating overseas.
Community News

Present, Future Looking Good for Accounting Grads & Professionals

Things are looking good for accounting professionals these days. Confidence among accounting and finance workers increased 8.7 points to 112.6 in January, according to the Hudson Employment Index. In addition, results from a survey of chief financial officers (CFOs), conducted by AccountTemps, reveal that today’s accounting graduates are equally or better prepared for their careers than they were ten years ago.
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.
Education & Careers

My Perspective on State v. National Qualifications

Each state has their own educational requirements for sitting for the NASBA-administered (National Association of State Boards of Accountancy) CPA exam. Haven’t you ever wondered why the decision of who is qualified to sit for the exam is decentralized and left to each state, even though the exam that each candidate takes is the same, regardless of which state qualified you?
A&A

Making Career Resolutions for the New Year

New Year’s resolutions shouldn’t be limited to losing weight, or exercising more, experts say. Most people can also benefit from making a few New Year’s work resolutions. “Whether a person wants to improve relationships with managers and colleagues at an existing position, or go after a dream job elsewhere, the new year presents a natural starting point for the process of obtaining that goal,” Robin Bond, a practicing employment attorney says.
Education & Careers

The Holidays and Family Businesses

Work can be a main topic of conversation at holiday celebrations especially in family businesses. Frustrations and shop talk can dominate times that would be better spent creating fonder memories. Family get-togethers can be more pleasan even for those spending innumerable hours working in a family business. Business-focused conversations don't have to turn into business meetings, as long as you remember that there are other important things in life. Family holiday gatherings should ideally be free of business disputes or serious discussions about hanging issues about the business.
A&A

White Paper Overview: Small Business Owners Should Maintain Control

A new study shows that family-owned small businesses have fewer fraud and cost problems than big companies, or other small companies with outside managers.The white paper, produced under a contract with the Small Business Administration's Office of Advocacy, stated that owners that manage their own businesses keep costs down effectively.
Practice Management

Deloitte Head Predicts Single Global Partnership Structure for Big 4

William Parrett, chief executive of Deloitte Touche Tohmatsu, the firm’s global umbrella organization, said that he expected “both from a business standpoint and a regulatory standpoint, [that the] larger firms will evolve to a global partnership over the next decade,” The Australian reports. The existing structures consist of networks of member partnerships established in the countries in which they operate. Mr. Parrett said that although it would constitute a huge change, regulators were likely to push accounting firms to become single global partnerships.
Education & Careers

Accounting Education: UT Retains Top Ranking

In its annual ranking of accounting programs, Public Accounting Report has given No. 1 status to The University of Texas at Austin's McCombs School of Business.It's the university's 11th No. 1 ranking by Public Accounting Report, according to a survey of accounting professors and college department heads. “It's all about the faculty,” said Ross Jennings, who leads the winning “accounting team” at the University of Texas.
Education & Careers

Ask Tough Questions Before Decision to Start Franchise

High startup costs, long hours, and hitching your fortunes to a find-it-anywhere chain; these are the dilemmas that keep many entrepreneurs from starting a franchise. But some see advantages instead of obstacles and leap in with both feet. Some franchise owners see great value in services the franchisor provides, such as use of the brand name, and the company's help in administration, finding a good location, training, store leasing, construction, and more.
Education & Careers

The Art of the Elevator Speech

In a world that is as busy and hectic as ours is, it is important for you to have some idea on how to properly answer the question, "So what do you do and where do you work?" This is your 20-30 seconds of fame, the time when you have someone’s attention and you can distinguish your firm from all others.

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