Strategy 2012: Management Development.
What are your critical challenges for 2012, and what can do you about them? A number of the profession’s leading lights have been sharing their thoughts with Accounting Today. Here’s one:
Ed Guttenplan
Wilkin & Guttenplan
We see the top challenges as being leadership development and building your “bench,” and practice growth profitability. Also, remaining efficient in light of new standards and, of course, preparing for the future.
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Strategy 2012: Leadership, Pricing, Competition
What are your critical challenges for 2012, and what can do you about them? A number of the profession’s leading lights have been sharing their thoughts with Accounting Today. Here’s one:
Dave Sibits
CBIZ Financial Services
Accounting firms are facing:
- An aging of leadership at the partner level.
- Second, firms are facing a continued erosion of pricing in service areas, which is mostly a result of a challenging business and economic climate.
- The last concern is the competition for the best and brightest talent, especially among top firms seeking to add specialty expertise or employees to groom for the future. READ MORE →
In case you missed them…
Here are the top 20 posts from 2011 as measured by page-views from CPA Trendlines members.
Clearly, CPA Trendlines members have been focused in 2011 on the rapidly shifting competitive landscape and they’re scrambling to adjust. 2012 may offer much of the same, but at least now we know what we’re facing and how to deal with it. Each of these 20 posts contains a glimpse into a critical trend and potentially winning strategies.
- It’s Official: The War for Clients Has Begun: Client retention falls to winning new business as top issue for firms.
- Top Tech Habits of High-Performing Firms: The benchmarks for success.
- Widening Gap among Solo Practitioners: Deepening divide between high performing firms and the rest of the profession.
- Five New Realities for Accountants and Lawyers: Make no mistake: Change is coming, whether the incumbents like it or not.
- Super-Sized: Meet the new “CliftonLarsonAllen”: Deal creates new top 10 CPA firm; top 3 in wealth management. READ MORE →
Strategy 2012: Succession Solutions
What are your critical challenges for 2012, and what can do you about them? A number of the profession’s leading lights have been sharing their thoughts with Accounting Today. Here’s one:
Larry G. Autrey
Whitley Penn
The aging of partner ranks. Older partners want to continue when they’re in good health, while younger staff sees that as preventing their career progression.
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‘Tis the time to be thinking and planning for the New Year.
So, naturally, we’re all making New Year’s resolutions. Here are a few from CPA Trendlines members.
Add your resolutions in Comments at the bottom, or Join the Survey and Get the Results.
- 90 Day performance plans with all staff.
- Increase Fees for Tax Prep
- Provide better information to top management so it better understands cost structures and can react accordingly. READ MORE →
Ratcliffe
Plain-English Accounting Bi-Weekly Report
by Dr. Tom Ratcliffe, Ph.D, CPA
Plain-English Accounting
EXECUTIVE SUMMARY:
- The AICPA Staff has issued some interpretive guidance related to how practitioners who are performing compilation and review engagements should address situations when required supplementary information accompanies the basic financial statements that have been compiled or reviewed.
- On Wednesday, December 14, 2011, the FASB released ASU 2011-10 [FASB ASC 360] that addresses a practice inconsistency associated with when in substance real estate needs to be recognized in financial statements.
- As practitioners are preparing to perform the second cycle of annual compilation and review engagements using the guidance in SSARS No. 19, they might want to be aware of some particular issues that will receive some focus in their peer reviews related to these type engagements.
Listen free to Dr. Tom Ratcliffe’s summary of the new Bi-weekly Report
Click here to listen
PLAIN-ENGLISH MEMBERS: Today’s complete discussion materials
are now available through your Plain-English subscription.
NON-MEMBERS: Click here to learn more.
Thomas A. Ratcliffe Ph.D., CPA, is Director of Accounting and Auditing at Wilson Price CPAs in Montgomery, Ala., the Director Emeritus of the School of Accountancy at Troy University, and the author of Plain-English Accounting, the practical accounting and auditing implementation guidance service [Learn more].
Strategy 2012: Growth, Profitability, Succession
What are your critical challenges for 2012, and what can do you about them? A number of the profession’s leading lights have been sharing their thoughts with Accounting Today. Here’s one:
Tom Bonadio
The Bonadio Group
The top issues facing our firm at this time are, maintaining growth, improving profitability and firm-wide succession planning. To meet those issues we’ve taken a number of strategic actions.
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