The Importance of the CPA CPD Requirements:- Professional development is crucial for us to sustain our successful career. It’s important to sharpen our accounting and business skills and knowledge and continuously keep abreast of new developments in our field. Just like the companies we work for; if they are not learning and growing their competition is and for CPA’s there
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keeping up to date on Accounting? All of us keep up to date in accounting using different methods. Some of us read, some take courses, webinars, etc. and others get their training at work. No matter which way you do it; one thing for sure is we have to keep up to date which again begs the question: How are
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What are your biggest fears as a CPA working for your company? Working as an accounting professional can be very stressful when there are so many factors at play. As a CPA it is your job to be aware of many things that can affect your company both managerially and financially. What are your biggest fears as a CPA? Does
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Rocky J. Dwyer, PhD, FCPA, CPA, FCMA, CMA Independence is considered by many to be of paramount importance to the effectiveness of the audit function and increasingly, the public, media critics and regulatory agencies have questioned if auditors are sufficiently independent of their clients in fact and appearance. While the private and public sectors acknowledge the importance of auditor
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Whether you’ve started or your months away, now is the time to get started. Do you have a job description? If you don’t you could start by doing a search online for any relevant job descriptions. Try getting two or three and consolidate all the different duties. Then review to make sure that all the important duties are there. This
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We have all heard about strategic management accounting, but what is it and how does it affect our company? In this article you can find a comprehensive and detailed description of strategic management accounting and what it stands for, as well as some great techniques that you can use to get the best results! What is strategic management accounting? Simply
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On March the 10th we wrote about the top Innovations in Management Accounting as follows: Key innovations in management accounting include: Japanese management accounting; business re-engineering; activity-based costing; strategic management accounting; economic value-added approaches; accounting and ‘e’ business, and performance measurement and incentives. Source: http://www.lse.ac.uk/accounting/news/MARG/home.aspx Follow us as TheGAAP.net’s researchers and writers elaborate on all these innovations. Do you have any experience with
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How are you dealing with your biggest fears as a CPA of your company? If you hold the most senior accounting position; it is your responsibility to be on the lookout for factors that affect your financial or management reporting and the business your company is involved in. If you’re not; you should let that person know of any developments that you
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Innovations Key innovations in management accounting include: Japanese management accounting; business re-engineering; activity-based costing; strategic management accounting; economic value-added approaches; accounting and ‘e’ business, and performance measurement and incentives. Source: http://www.lse.ac.uk/accounting/news/MARG/home.aspx Trends The seven major trends in management accounting are: Expansion from product to channel and customer profitability analysis; Management accounting’s expanding role with enterprise performance management (EPM);
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Strategies for Financial Managers to Retain Retiring Baby Boomers’ Skills and Expertise Baby boomers may be nearing — and, in some cases, passing — the traditional retirement age, but chief financial officers don’t appear worried about their departures from the workplace, recent Robert Half research suggests. Perhaps surprisingly, given the size of this workplace population, nearly two-thirds of financial executives
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