Careers

Practice Management

Survey Shows Management Accountants Earn Top Dollar

Public accountants are no longer at the top of the salary heap, according to a new survey by the Institute of Management Accountants (IMA).The IMA, in its 16th annual salary survey, announced that management accountants and finance professionals are in first and second place, respectively, in average salary and total compensation in 2004.
Education & Careers

Accounting Grads, Employers Get Creative

Recent surveys indicate that those graduating with degrees in accounting or finance have excellent prospects for finding their first job. Many graduates, and employers, appear to be having difficulty connecting with each other.
Education & Careers

Small Businesses Cautiously Bump Up Hiring; CFOs Less Upbeat

While overall job growth is below expectations, small businesses seem somewhat more optimistic about the economy than their counterparts at big corporations.Small businesses are slowly increasing their hiring, and a new index of small business optimism rose by 1 point last month to 100.8, Reuters reported. The index, by the National Federation of Independent Business (NFIB), shows small business owners are “quite optimistic” about the economy, at least in the short term, NFIB Chief Economist William Dunkelberg said in a statement.
Education & Careers

A College Eye View of Accounting

When did you decide to be an accountant? Many people don’t really decide what they want to be when they grow up until they are in college. The liberal arts ideal holds that if students are exposed to enough different types of courses, they will eventually settle on a career path. For some, it may not be the path they intended when they began their post-secondary education. Accounting firms and professors are banking on that.
Practice Management

Upcoming IMA Conference Attracts Leading Executives

Are you among the more than 1,000 foremost authorities in management accounting and financial management heading to Boston next week?
Education & Careers

Firms Competing for Accounting Grads

While college graduates are facing the best career prospects in three years, it's the grads with accounting degrees who are sitting pretty.No degree is more in demand, Reuters reported. Consider this: A starting salary of roughly $44,000, generous benefits, creative perks and a strong need for new talent.
Education & Careers

CFA Examinations Held Globally this Weekend

Over 77,000 current and future investment professionals had a busy weekend. Men and women in more than 140 nations, took one of three levels of the Chartered Financial Analyst® (CFA®) examinations administered by CFA Institute. Thirty-eight percent of all CFA candidates for the June exam are from the U.S., according to the CFA Institute. The CFA examination is among the world's largest simultaneously administered professional exams. Candidates must pass each level of examination before proceeding to the next. Only 20% of candidates successfully complete the program.
Tax

Recruiting Accounting Grads for Enforcement

Accounting is a hot profession this year and not just in the private for-profit sector.
Community News

Outsourcing Growth Seen for Finance, Accounting Jobs

A new report predicts global outsourcing will grow at a compound annual growth rate of 6 percent a year through 2008, with finance and accounting and sales/marketing jobs experiencing the strongest increases.Kennedy Information Inc., which produces multiple management consulting publications, assessed 15 market sectors, and determined that finance and accounting and sales/marketing functions would grow at or near double-digit rates.
Community News

Baylor Graduates Score Highest on CPA Exam

Accounting graduates from Baylor University have out-scored their Texas counterparts on Certified Public Accountant (CPA) Exams taken between January and March 2005 according to the Texas State Board of Public Accountancy.
Education & Careers

After SOX, Some CFOs Are Saying, 'I Never Signed Up For This'

In the last few years the role of the chief financial officer has been changing so fast that turnover is high, burnout is common and executives who succeed are quickly learning to be agents of change.With the advent of the Sarbanes-Oxley corporate reform legislation in 2002, CFOs are facing an avalanche of new regulations, strict deadlines, and tough scrutiny from investors and Wall Street analysts.SOX requires CFOs and chief executive officers to formally certify that their company earnings are accurate, among other rules, and the pressure to comply is forcing some CFOs out the door, ac
Community News

Professional Athletes Learn Business

Some kids dream about growing up to play football in the National Football League (NFL). Those lucky few who make it, often don’t dream any farther than that. The NFL and many individual teams, including teams sometimes considered “blue collar” like the Green Bay Packers, are working to help players prepare for life after football.“An NFL player’s career can end at any moment due to injury or being cut, and you have to be prepared,” 28-year-old Kabeer Gbaja-Biamila, a defensive end for the Packers told the Business Journal of Milwaukee.
Education & Careers

Gifts for Your Grad

It’s that time of year. Graduation. With so many choices, it might be a difficult to decide what to give your special graduate.
Practice Management

Demand For Certified Bookkeepers Outpacing Supply

In the seven years since bookkeeper certification was introduced, 10,000 bookkeepers have registered for certification. Another 15,000 have requested information on the certification process.
A&A

Calendar: Succession Planning Webcast

Succession planning consistently ranks among the top issues facing businesses of all sizes and types. According to a survey conducted by the Private Companies Practice Section (PCPS) of the American Institute of Certified Public Accountants (AICPA) in 2004, 56 percent of CPA firms have at least one partner retiring in the next five years.
Education & Careers

Employee Background Checks on the Increase

A new online employment screening company is offering a quick way for employers to check the educational and work histories of potential employees.Employers can turn to www.Employact.com to conduct background checks, education verification and pre-employment screening to weed out applicants who list on their resumes fake diplomas or degrees from online diploma mills.“Our employment screening process will put the diploma mills out of business,” said CEO Samuel Anderson in a press release.
Technology

Kaplan Introduces New CPA Exam Study Tools

No one said passing the Certified Public Accountant (CPA) exam was easy. Even if it were, not everyone who studies accounting in college wants to take the CPA exam immediately upon graduation. As a bill passed last week in Maine requiring future state auditors to have CPA designation, demonstrates, more and more jobs in accounting and finance are requiring CPA certification.The rising demand, and corresponding salary increases, for CPAs is making some professionals rethink their decision not to sit for the test.
Education & Careers

Defense Finance & Accounting Services Facilities May Close

Last week the Pentagon released a preliminary list of military bases being recommended for closing including 33 major bases. The plan would save $48.8 billion over 20 years. The closures and downsizings would take place over a six-year period beginning in 2006. Two of the facilities recommended for closure and consolidation are the Defense Finance and Accounting Services (DFAS) in Orlando, Florida and Rome, New York.
Education & Careers

A Conversation With...Eva Lang

Recently, AccountingWEB had the opportunity to sit down and talk with Eva M. Lang, CPA/ABV. ASA.executive director of the Financial Consulting Group, the largest alliance of business valuation and consulting firm in the United States. Ms. Lang is a nationally recognized teacher, speaker and author. In 2004, she was named to AICPA Business Valuation Hall of Fame for her contributions to the advancement of the business valuation profession.
Community News

SEC Taps Thompson for Top Enforcement Job

On Thursday, May 12, 2005, Linda Thompson became the first woman Enforcement Director at the Securities and Exchange Commission (SEC).“I am honored by this appointment and am committed to maintaining the traditions of excellence and fairness that have been the hallmarks of the Commission’s enforcement program,” Thompson said.Thompson, who joined the SEC in 1995 and became deputy enforcement director in 2002, has overseen and supervised numerous investigations including the SEC’s ongoing investigation into Enron.

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