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Community News

PwC Withdraws Job Offers for New Graduates

Citing the current economic climate and a constant need to assess the mix of skills needed by clients, the London office of Big Five firm PricewaterhouseCoopers has withdrawn its offers of employment to 78 of 180 graduates who planned on starting with the firm this fall.The ousted employees will receive two months' pay in addition to their walking papers.A spokeswoman for PwC said," We are trying to manage our intake of new staff appropriately so when someone does join us, they will have m
Technology

E&Y Joins the Online Monster

The career site, Monster.com, has joined forces with Ernst & Young to provide job search and recruiting services to the Big Five firm.The significance of this relationship is that Monster.com, which has operations in 21 countries, will provide a one stop international job bank for E&Y."The ability to post jobs in 10 countries and access Monster.com's comprehensive resume database will be an enormous asset for Ernst & Young, as hiring top-notch talent remains a number one priority for the
Education & Careers

SEC Looking For a Few Good Accountants

The Office of the Chief Accountant of the Securities and Exchange Commission is accepting applications for four Accounting Fellow positions.
Education & Careers

PwC Enters New Phase of Layoffs

Spring layoffs of nearly 1,000 employees and job offer deferrals were not enough to combat the overcapacity at one of the world's largest accounting and consultancy firms. PricewaterhouseCoopers (PwC) has announced plans to lay off another five percent of its workforce.
Education & Careers

Tips for Passing the CPA Exam

Academic knowledge and mental preparation must be brought together to successfully pass the CPA exam, according to Sam Goble, Vice President of MicroMash, in a workshop for AccountingWEB presented today.Some helpful hints for preparing for the exam included:Be Prepared MentallyBreak the exam down into topics and then subtopics, master a subtopic and then move on.Candidates often put too much time studying areas tha
Education & Careers

AccountingWEB Launches CareerZONE

Every survey taken in the last couple of years has shown that the staffing crisis facing CPA firms today is the #1 problem facing the profession.
Community News

AA & Tax Consulting - A Promising Career Path Survey Says

The survey was developed by RHI Management Resources, from responses from 1,400 CFOs across the nation.Below is a summary of the findings of this survey:The vigorous growth of independent financial consulting as a career will continue as businesses rely on these professionals to introduce new concepts, provide expert advice, solve problems and conduct financial analysis and strategic planning.
Education & Careers

Employee Referral Programs Can Be Cost Effective

Employee referral programs (ERPs) are becoming one of the most cost-effective recruiting methods available, according to a survey released by the Society for Human Resource Management and Referral Networks.Of the 586 HR professionals polled, the 2001 Employee Referral Program Survey found that a total of 80% of survey respondents felt that Employee Referral Programs are more cost-effective than job search firms, and almost 70% said that the programs are more cost-effective than other recruiting practices.Program Effectiveness37% of respondents indicated employee
Education & Careers

CPAs: Visionaries, Strategists, Tech Experts of the Future

The future of the accounting and finance profession is changing daily. According to an report from Robert Half International, tomorrow's accounting and finance professionals will shatter longstanding stereotypes as they shift from being backroom statisticians to boardroom strategists. Accountants will also play a greater role in technology and information systems initiatives over the next five years, according to 39 percent of 1,400 chief financial officers surveyed by Robert Half International Inc. (RHI).
Community News

Accenture to Cut 1,400 Jobs

Consultant firm Accenture is to cut 1,400 jobs at offices around the world. The move comes after KPMG Consulting and Cap Gemini Ernst & Young announced recent cuts.Accenture, the former Andersen Consulting, will cut 600 jobs. A further 800 employees - mainly in the U.S. - will be asked to take voluntary sabbaticals for up to a year, and draw on a fifth of their salaries and benefits.Partners at Accenture voted overwhelmingly in favor of a float of the business last April.
Education & Careers

Feds Will Pay College Costs in Exchange for Work

If you have a hankering to attend college and a knack for computers, this program may be for you. The U.S.
Community News

Deloitte Determined to Advance Women

Big Five firm Deloitte & Touche has announced the launch of a new initiative called Vision 2005. The program provides a new set of goals for the company with the objective of doubling the rate at which women are admitted to partner or director positions by 2005.The current female partner/director admission rate at D&T is 18 percent. The company expects this rate to reach 35% by 2005. James E.
Community News

Accenture Partners Start to Scatter

Competitors of Accenture, the management consultancy firm formerly known as Andersen Consulting, are noticing a steady increase in the number of Accenture partners applying for jobs.Accenture is expected to file its prospectus for a float early this summer.
Education & Careers

Career Networking Tips and Ideas

Networking is a matter of maintaining relationships with people who can assist you in your future professional objectives. These people could be bosses, coworkers, subordinates, competitors or golfing buddies. The following is a short list of tips to assist you in maintaining a viable professional network. Make a conscious decision of with whom you want to keep in contact for your network. Choose quality over quantity. Don't feel the need to network with people who can't assist in furthering your career. Remember that every contact you make can be important.
Education & Careers

Emerging Job Titles for the Accounting Profession

What's in a name? As new specialties and roles emerge, the accounting profession is likely to find new names for changing functions. Here are some titles already growing in popularity: Financial Manager (also Financial Analyst, Financial Specialist) Combines financial knowledge with management, marketing, and operational skills in order to recognize the impact of financial data on the business as a whole and on individual departments.
Education & Careers

A New Bottom Line for Next Generation Accountants

Research conducted by Robert Half International, Inc.
Education & Careers

PricewaterhouseCoopers Asks Fall Recruits to Wait

Yielding to pressures of a slowed economy, several companies that have made fall job offers to this spring's college graduates are now asking those grads to wait as along as a year to begin work.The length of time for many summer internship programs is also being cut from a generous 10-12 weeks to a tighter schedule of seven weeks.PricewaterhouseCoopers is one of the firms feeling the crunch of having offered jobs when the economy and the workload looked brighter. Not wanting to rescind job offers, the firm has instituted a seniority plan for offers that were accepted.
Community News

Deloitte to Endow $1 Million Doctoral Consortium

The Deloitte & Touche Foundation has received a $1 million donation from former Foundation CEO and former Deloitte & Touche LLP chairman and CEO J. Michael Cook. The money will be used to endow a doctoral consortium for the American Accounting Association (AAA) whereby advanced doctoral candidates will be able to meet and exchange ideas with college faculty. "I have always been very proud of the firm's support of education," said Mike Cook.
A&A

AccountingWEB's Recommended Research Site-Check it Out!

The U.S. Department of Labor’s Web site provides a wealth of information for students, accounting professionals, and human resources representatives. At this site, you can gather information on a specific industries, occupations, projections for an occupation, or trends for a client’s industry. The site highlights many areas including Career Guides, Inflation and Spending Guides, Employment Projections, Wages by Occupation, and Employment Cost.
Education & Careers

ExamWeb Rescues CPA Review Students

Mark's CPA Review, Inc., a California-based CPA exam review company, declared bankruptcy and cancelled all ongoing CPA review classes last week, much to the dismay of about 1,000 students, currently enrolled in the company's preparation course for the May, 2001 CPA exam.Rushing to the rescue is ExamWeb, a privately held assessment company that offers online review courses in, among other things, the CPA exam.

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