Education & Careers news

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.
Tax

CCH Learning Center Adds 2 New Specialized Libraries

Two new specialty libraries, the Accounting and Audit Specialty Library and the Sales and Use Tax Specialty Library have been added to the CCH Learning Center just in time for those working to complete their continuing professional education (CPE) requirements for 2005 or year-end financial reports.
Community News

History Made at Deloitte Tax Case Study Competition

The Mason School of Business at the College of William and Mary made history this month when both undergraduate and graduate teams took first place for their divisions in the Deloitte Tax Case Study Competition held in Orlando, Florida. William and Mary is the first university to place first in both divisions.As a member of the undergraduate team, I was really excited at the Awards Brunch on Sunday morning when the announcement was made that the W&M graduate team had received first place.
Technology

Computerized CPA Exam Transforming Education, Workplace

Changing the Uniform CPA Examination to a computerized test meant far more than switching from pencil and paper to a keyboard – not only for CPA candidates, but for accounting professors and employers as well.When the computerized exam began in April 2004, it was called the most significant change in the licensing of CPAs in the profession's 100-year history.With the change in format came differences in the knowledge and skills candidates are expected to demonstrate.
Education & Careers

CISA and CISM Are Strong Certifications

A study has found that the Certified Information Systems Auditor® (CISA®) and Certified Information Systems Manager® (CISM®) are notable certifications sought out by companies and hiring individuals.
Practice

CMA/CFM Credentials Designed for Professionals Working in Industry

The Certified Management Accountant (CMA) credential is conferred by the Institute of Management Accountants (IMA) upon applicants with a bachelor’s degree and at least two years’ management accounting experience, who have completed a four-part examination within a period of three years. Management accountants, who are employed inside industry, government, and academic fields are also called cost, managerial or private accountants, according to the Department of Labor’s web site.
Education & Careers

Accounting Professor Named Governor’s Professor of the Year for South Carolina

Christine Crosby, who teaches accounting at York Technical College, was named the 2005 Governor’s Professor of the Year for South Carolina’s two-year colleges in a ceremony last Thursday at the state Capitol Rotunda. The formal citation is accompanied by a $5,000 check.Ms. Crosby served as Accounting Program Manager, the equivalent of department chair, at York Tech for 10 years but left that position in 2005 to return to full-time classroom teaching and academic advising, according to a biography on the South Carolina Commission on Higher Education (CHE) web site.
A&A

Entrepreneurs Critical Piece of Economic Picture

Low taxes, manageable regulations and few obstacles to entering the business world are keys to encouraging small business growth around the world, a federal economist said last week."Countries around the global are discovering how important small business is for their growth and long-term economic health. Their policies toward entrepreneurship differ, but the results of similar policies are consistent,” Chad Moutray, chief economist of the U.S.
Tax

Tax Breaks for Dutch Witches

A court in the Netherlands has ruled that witchcraft lessons are tax deductible, the Associated Press (AP) reports. On September 23, Reuters reports, the Leeuwarden District Court reaffirmed the legal right of witches to write off the costs of learning to cast spells, practice divination and brew potions as long as it increases the possibility of employment and personal income.“Once you become a witch…you can pass along things you have learned,” Margarita Rongen, operator of the “Witches Homestead” in the northern Friesland province told the AP.
Practice Management

Wanted: Accounting Grads, Willing to Pay Gym Fees

Overworked accounting executives are finding that great pay and benefits aren't enough to attract top talent.Satisfying the crushing demand for accounting services means getting creative: offering athletic club memberships, flexible work schedules, telework options, bonuses, training opportunities and the intangibles, such as a positive “work environment” and “work-life balance.”

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