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Practice Management

Editor's Corner: What Kind of Firm Do You Want to Be?

With Memorial Day weekend upon us the unofficial start of summer is here; time for reflection, decision making and direction for your practice.

Editor’s Corner: Is Sage Innovating? And Other Tales

Quite a week for accountants, getting some brand-new offerings just for them from the vendor community, so we hope they’re all feeling the love.

MineralTree Launches Finance and Accounting Partner Program

New partner program is geared toward accounting firms engaged in outsourced services.

Study Links Narcissism, Size of Signatures to CFO Performance

Self-centered CFOs are linked to, among other things, weaker internal controls and a greater chance of restatements.

Technology In Accounting: Banks Should Mind the Gap

As accounting standards and regulations continue to increase in complexity, modern technological solutions will become increasingly vital not just to satisfy new challenges, but to enable financial institutions to thrive in spite of them.

Accounting Starting Salaries Projected to Rise 3.5% in 2015

According to a new forecast released on Thursday by staffing firm Robert Half, strong demand is expected next year for such professionals as staff accountants, senior financial analysts, and business systems analysts.

Reconciliation of Accounts Still Mostly Done by Hand: Report

Fifty-nine percent of US companies and 66 percent of Canadian businesses are still reconciling their general ledger accounts manually, according to a new report from Robert Half and the Financial Executives Research Foundation.

Number of Accounting Class Actions Steady Over Last Two Years

According to a new report from economic and financial consulting firm Cornerstone Research, 47 accounting class-action lawsuits were filed against companies in 2013, up slightly from the 46 filed in 2012.

Accounting’s Got ‘Game’: Bank On It Designed to Engage High Schoolers

A new accounting game launched this month by the American Institute of CPAs, Bank On It, challenges high school students on accounting fundamentals and real-world workplace scenarios in the context of an online board game.

Report: Most General Ledger Accounts Reconciled Manually

If you think automation is primarily being used to reconcile the general ledger accounts of public and private companies, think again. Nearly two-thirds of finance departments in US companies and one-half in Canadian companies are still using a manual accounting system.

Financial Outsourcing Services Seen Growing 8 Percent Annually Through 2017

Global spending on finance and accounting business process outsourcing (F&A BPO) services will exceed $25 billion in 2013 and rise at an annual compound growth rate of 8 percent through 2017, according to research by accounting firm KPMG and HfS Research.

Livestock – Depreciate? Inventory? Sell?

There are many different methods available to account for livestock, and it is important that farmers be knowledgeable of their options. Because of those many options, it is imperative that farmers utilize the tax planning services a tax professional can provide.

Rothstein Kass Reference Manual for Fund Managers

The third annual "Alternative Investment Fund Pro Forma Financial Statements Reference Manual" is a comprehensive guidebook for completing financial statements for hedge and hybrid funds, fund of funds, and master-feeder structures.

Accessing Capital: Improve 5 Metrics That Matter

A recent study found that while nearly 91 percent of private company owners were enthusiastic about executing growth strategies, only 51 percent reported having the necessary financial resources to do so.

Budgeting 2013: Bring on the Strategy and Structure

As marketing director at Rea & Associates, Katie Tolin will be meeting with partners at each of the firm's eleven offices across Ohio to talk about how their marketing dollars are being spent.

Frankenstorm: Post-Hurricane Accounting for Casualty Loss

After Hurricane Sandy and subsequent damage to the Northeast region, taxes are probably the last thing on your mind. However, with disasters comes property damage.
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