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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.

Getting Ready for W-2 Season

For business owners, it's almost that time again. Those brief three weeks after the holidays and festivities of December when you and your accounting department (which are often one in the same) are expected to pull payroll records, calculate year end totals and reports, and generate those all-important W-2 forms for each person in your employ in the previous tax year. Don't break out in stress hives just yet. There are several steps you can take to ensure a smooth 2006 W-2 season: Check reports for accuracy. Make sure that your year-to-date payroll information is correct.
Practice Management

IPA Reveals 25 Best Managed Public Accounting Firms

The October 2005 issue of INSIDE Public Accounting has recognizes 25 public accounting firms as the best managed firms in the industry. These 25 firms represent the “Best of the Best” based on more than 30 criteria measuring wise management and superior operational performance.“IPA’s ‘Best of the Best’ designation is one of the most elite honors an accounting firm can receive, because it’s based entirely on fiscal and operation performance.

New Business Planning Tools for Small Businesses

Two new versions of popular business planning software offers small and mid-sized businesses the opportunity to utilize the same level of detailed business planning as their larger competitors. In fact, these new versions were designed with unique needs and challenges of small and mid-sized businesses in mind.SAP AG unveiled the latest version of SAP® Business One last week. SAP Business One is an affordable business management software solution designed to meet the needs of rapidly growing small and mid-sized businesses in more than 37 countries worldwide.
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.”

White Paper Overview: CPA Firms Lack Formal Staffing Programs

Few certified public accounting (CPA) firms have formal, documented programs for attracting and retaining qualified staff members a recent survey conducted by the Private Companies Practice Section (PCPS) of the American Institute of Certified Public Accountants (AICPA). Survey results appear in the white paper Best Practices in Recruiting and Retaining Talented Staff. “Unfortunately, many firms believe that they lack the resources to implement a formal program.
Community News

Smaller Accounting Firms in Big Demand

With the Big Four accounting firms busy helping public companies comply with the Sarbanes-Oxley Act, smaller firms are picking up business once dominated by their bigger rivals.At least two surveys over the last two years show that Big Four accounting firms are losing clients. Some of it is by choice, as the Big Four have had to drop some smaller companies to make sure their big public clients are in full compliance with the corporate reform legislation, especially the rigorous internal control requirements.

E-mail Just Got Safer for Small Businesses

Small businesses using Microsoft® Outlook® for e-mail can now get the same levels of rights management and encryption previously available only to large enterprises.
Practice Management

Intellitactics SAM Offers Complete Security Effectiveness Picture

Is our network secure? How secure is our data and information? Executives are asking these questions of their information technology (IT) staff with increasing frequency.
Practice Management

Webcasts Look at Security

Two upcoming web seminars will focus on security related issues. The first, scheduled for October 25, will look at proven methods for measuring security.

Employees to Mull New Trade-offs in 2006 Health Care Options

An array of new health care benefits have become available that may help employees plan for ever-increasing medical costs.Advertisement

Board Oversight is Positive for Both Profit and Non-Profit Companies

A new study shows non-profit boards that practice good governance and stress accountability contrary to groups urging more oversight of non-profit organizations. The Johns Hopkins University Listening Post Project issued the report in which a vast majority of the 247 boards surveyed “are highly or significantly involved in the key strategic oversight functions that non-profit boards are expected to perform,” according to the study cited in the Fort Worth News-Sentinel.
Practice Management

White Paper Overview: How Automation is Changing the AP Landscape

Automated invoice and billing management has the potential to significantly impact both cash flow and regulatory compliance for many businesses.
Practice Management

The 3 Biggest Mistakes Women CPAs Make in Selling (That Men Don't) and How to Cure Them! <b>A Guest Article by Allan Boress</b>

Over the years I have attended more than 400 sales interviews conducted by clients to evaluate how they performed and where they needed to improve.As the author of the only Best Practices study of selling professional services (The I-Hate-Selling Book), I have interviewed some of the most successful women professionals to discover why they succeeded at selling – and how.There are 3 Mistakes women make in selling…most often without realizing them…that costs sales, clients and opportunities that otherwise would have been won.
Practice Management

Using Excel Solver

What-if scenarios are useful business tools. They can help business-owners and other decision makers analyze the efects of their actions before they are implemented. Fortunately, Microsoft Excel offers decision makers a useful tool, called Solver, to help users explore what-if scenarios.Using Excel Solver, you can find the minimum or maximum value for a single cell, by modifying other cells that are directly or indirectly related to the target formula. The minimum or maximum value that is found by modifying other cells is called a target cell and the target formula resides in this cell.
Practice Management

Survey Finds Small Business Planning Lacking

Small businesses are built with their owners’ sweat and diligence but a new survey shows they are giving little thought to their business’ futures. The survey released last month and sponsored by Papalia Financial, shows that 85 percent of the respondents acknowledge that they are not content with their current financial planning according to their prepared statement. 200 small business owners in Connecticut, New Jersey, New York, and Pennsylvania participated in this survey.
Education & Careers

One Firm’s Answer to the 150 Credit Hour Requirement

For many younger employees, benefits can seem pretty irrelevant. Not at Beers & Cutler, a leading accounting and consulting firm in the Washington, D.C. metropolitan area. On Monday, Beers & Cutler announced its 150 Hour Tuition Reimbursement Program.The program is an innovative tuition reimbursement program to assist qualified undergraduate and graduate students in meeting the 150 credit hour requirement in order to sit for the CPA exam.
Practice Management

Mark Your Calendar: First Women’s Summit

“Helping Women Professionals Succeed” is the theme of the first Women’s Summit hosted by the Work/Life & Women’s Initiatives Executive Committee of the American Institute of Certified Public Accountants (AICPA) scheduled for Tuesday, October 11, at the Hyatt Rosemont in Chicago, Illinois.“Women currently make up more than 50 percent of all accounting graduates in the country,” said Summit Chair Leslie Murphy of Plante & Moran and Chair-elect of the AICPA.

The Six Myths of Outsourcing

While outsourcing is still a relatively young business, its impact on the accounting industry is starting to be understood. While it is still in its infancy stage, firms are starting to think about how outsourcing can be used in their practices to help them accomplish their goals. This article will explore some of the early fears most of us had about outsourcing and how most of those fears have been eliminated.

Grant Thornton LLP Revenues Rise 29%

Grant Thornton LLP reported revenues increased 29 percent to $728 million during the fiscal year ending July 31, 2005 making it the revenue growth leader for U.S.


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