CPAnet - Accounting Zone

Rewarding Talent Beyond Billable Hours

"Like many firms, Rochester, N.Y.-based Bonn, Shortsleeve & Ray LLP used to conduct annual reviews based on how many hours its accountants pounded out each year.

'I wasn’t getting the most out of my talented employees because I didn’t reward staff and recognize them for what they liked to do and are good at,' said partner Tim Shortsleeve, CPA.CITP. He also believes many partners at firms in general tend to rush through reviews because those aren’t billable, either and that the employees aren’t typically involved in the review process.

So he decided to change things and reward them based on their talents and individual goals instead..."
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Source: AICPA Career Insider

Today's Accounting Crop: Spoiled Rotten?

"Finance chiefs try to cope with a new cadre of finance and accounting employees who just can't sit still. Enter the "millennium generation" of finance and accounting professionals. Born in 1982 and later, they're high-maintenance types, requiring a great deal of hand-holding, mentoring, and immediate attention. Even after all that parental supervision, they can be incredibly fickle, choosing to stay at your company just until a better-paying, faster-growing offer comes along. Some may throw a tantrum if they feel like it..."
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Source: CFO.com

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Interviewing Questions called into Question

Golden Practices made an interesting post about an HR World article "30 Interview Questions You Can't Ask and 30 Sneaky, Legal Alternatives to Get the Same Info" that's basically a list of questions you cannot ask in an interview and ways to get around it...sounds a little sneaky, huh?  Make sure you read the comments...the questions are definitely coming into question. 

Making Your Practice a Great Place to Work

"The recent publications of the "Sunday Times Best Companies to Work For" lists have included several accounting firms, from small companies up to The Big Four. Lucie Benson takes a closer look to see what they are doing for their staff to make their practice such a good place to work."
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Source: AccountingWeb

Firms Slow to Embrace Web Technologies

"Accounting firms lag behind many other types of businesses in embracing Web technologies, such as podcasts, blogs and RSS feeds, according to a recent study..."
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Source: SmartPros

Reining in Outsourcing Risk

"As business process outsourcing (BPO) has taken off in recent years, so have concerns over the risks that come with it — everything from isolated instances of identity theft to large-scale disasters that could seriously disrupt operations. Corporations and their customers are extremely sensitive to data security breaches — so much so that a solitary incident could unleash a ruinous chain reaction, like the one experienced by third-party payment processor CardSystems Solutions...."
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Source: strategy+business and Knowledge@Wharton

Using Search Engines to Find Candidate Info

"According to a recent survey of executive recruiters, 75 percent use search engines to uncover information about candidates, and 26 percent have eliminated candidates because of information found online. Unflattering personal information drifting around the Internet, known by some as "digital dirt," can doom a job search before it even gets started. Job hunters should know that recruiters can, and often do, read much of what's posted about them on the Web..."
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Source: CFO.com

How Much Are We Paying Our People?

"Corporate boards are digging deeper into the details of executive compensation packages. Earlier this month the Securities and Exchange Commission proposed guidelines for executive-compensation disclosure, but like many observers, corporate boards saw it coming years ago. Indeed, in the past year or two, boards have increasingly enlisted independent consultants to help them analyze the possible future costs of executive-pay packages under different scenarios..."
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Source: CFO.com

CPE Providers

Western CPE

Top Selling Books: Practice Management

The Firm of The Future
by Paul Dunn & Ron Baker

The professional service accounting firm is being threatened by a variety of factors: new technology, intense competition, consolidation, an inability to incorporate new services into a business strategy, and the erosion of public trust, just to name a few. There is relief. And promise. And hope. In The Firm of the Future: A Guide for Accountants, Lawyers, and Other Professional Services, visionaries Paul Dunn and Ron Baker confront the tired, conventional wisdom that continues to fail its adherents, and present bold, proven strategies for restoring vitality and dynamism to the professional service firm.

Building A Profitable Online Accounting Practice
by Jack Fox, MBA

The first complete guide to taking advantage of the huge and growing market for Internet accounting services for small businesses. The Internet provides accountants with exciting new opportunities for expanding their practices by affording them unprecedented access to the small business market. Expert Jack Fox presents in-depth coverage of the various accounting and consulting services that accountants can offer to small business owners via the Internet. He describes successful techniques for identifying potential clients and packaging and marketing services, and arms readers with a complement of valuable tools for helping them get started in virtual accounting, including detailed business plans, numerous tables, forms, checklists, and connections with leading virtual accounting service providers.