THIS WEEK'S NEWS THEME: OPPORTUNITY & CONFIDENCE

Confidence Among Accounting and Finance Workers Improves in June

Survey Finds Midwestern Service Firms Optimistic

Finance and Accounting Outsourcing Lags;
New Technology May Spur Growth


SMB Growth Expectations Spell Consulting Opportunity for CPAs

Top CMA and CFM Performers Announced

More News

A CONVERSATION ABOUT THE PRICE OF SUCCESS WITH PAUL SHARMAN

It started with a silly question: What is an accountant? Fortunately, AccountingWEB's conversation with Paul Sharman, President and CEO of the Institute of Management Accountants (IMA), didn't end there. Instead it evolved into a discussion of the image of accountants and the future of accounting as a career in the U.S. and around the world.

"The vast majority of management accountants don't know they are management accountants," Sharman explains.

He attributes this lack of self-recognition among American accountants to three factors:

- A deceptive perception of what an accountant is
- Marketing is more effective than fact and
- Undergraduate degrees define what an accountant is.

In fact, Sharman points out that the majority of accountants working in industry will not do public accounting work during their careers. Even among certified public accountant (CPA) "lifers", those who make a career out of public accounting, eventually becoming partners in their firms, are not practicing CPAs - they are managers and salespeople.

Accounting, particularly in industry is, according to Sharman, a "value-adding creation of information job that contributes to society."

"Challenges arise [when discussing accounting internationally] because of the difference in American perspective of what an accountant is," Sharman says.

Read the rest of AccountingWEB's interview with Paul Sharman,
Click Here.
Firm News

Japan's Oversight Board Faults Operations, Controls at Big Four Firms

Survey Finds Midwestern Service Firms Optimistic

IRS Headquarters to Remain Closed This Week, Maybe Longer

VA Uses Accounting Gimmicks to Formulate 2006 Budget

More Firm News

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July 7, 2006