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Are Accountants Learning the Wrong Lessons?

https://www.research.net/r/CPE16
Tooling up for 2017: Join the survey, get the results.

CPE choices fail to address the real keys to success.

By Rick Telberg
CPA Trendlines Research

CPAs are saying one thing and doing another. And the discrepancy bodes ill for the profession’s economic health.

MORE CPE TRENDS:  CPE Study Finds Six Essential Success Factors for Accounting Firms  |  Top Trending Specialty Niches  |  Busy Season Ends but Not the Focus on Taxes  |  Why Some CPAs Are Focusing on Accounting & Financial Reporting This Year  |  Top CPE Trends: How Accountants Are Re-Tooling for 2017  |  Mike Ramos on The Training Mindset: Mapping Firm Attitudes to Performance  |  Ohio CPA Society Teams with CPA Trendlines to Improve CPE ROI  |   Ed Mendlowitz on How to Choose the Right CPE  |  Sandi Leyva on Three Ways to Make CPE Work for You  |   Ed Mendlowitz on The Six Rules To Get the Most Out of CPE  |   Mike Ramos on How to Build a Powerhouse Learning Team for Your CPA Firm  |  4 Steps to Get More from Your Training Budget  |  How to Manage CPE by the Numbers  |  Three Tips for Creating Training Metrics  |  High-Impact Learning: 4 Ways to Maximize CPE ROI  |  Four New CPA Opportunities for the New Economy

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The survey on professional skills and the goals of accounting firms, being conducted with the Ohio Society of CPAs and consultant Michael Ramos, is turning up a curious mismatch. It seems, at first blush, that CPAs are studying for certain skills while reporting that something else is essential to their success.

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The View from the CPA Firm Corner Office: When Clients Get Tough, Tough Accountants Get Smarter

Top firm CEOs battle fickle clients with a growing arsenal of specialized talent.

fresh sunrise at mountain

By CPA Trendlines Staff

While leaders of accounting’s largest and most successful firms face a bevy of concerns that include keeping up with technology and with clients’ changing demands, they tend to agree that attracting and retaining young, talented workers is their most pressing issue, according to a year-long CPA Trendlines study of more than a dozen managing partners across the country.

MORE from THE CORNER OFFICE: Harry Moehringer at Marks Paneth  |  Shape-Shifting at Jim Cunningham’s Warren Averett  |  Henry & Horne Offers Flex Time, Loans to Future CPAs  |  Lee Beall: Finding Next-Gen Leaders at Rea & Assoc. | Joe Kask Leads ‘Paradigm Shift’ at BlumShapiro | CEO Charles Weinstein: EisnerAmper Targets Work-Life Balance | HBK’s Allegretti Says Firm Must Stress Excitement Factor | Lou Grassi Focuses on Recruiting, Retention at Namesake N.Y. Firm | Richard Berkowitz Drives Berkowitz Pollack Brant to ‘Warp Speed’ | Randy Myeroff at Cohen & Co.: Winning the Youth Movement | Rick Dreher Innovates Wipfli for Clients, Younger Workers | How Blain Heckaman Drives Value at Kaufman Rossin | WeiserMazars MP Blake Charts U.S. Expansion | Frank Longobardi: CohnReznick’s Battle for Top Talent |The Robo-CPA: Jim Sikich Prepares for Disruptive Technologies |

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“The major issues facing accounting firms run in cycles with spans when it’s all about things like quality of work or staying ahead in regulatory matters. And good firms have to focus on all of them. But what that boils to down to is your engagement with your people who deliver the services,” says Randy Myeroff, managing partner of Cohen & Co. of Cleveland. “Whoever can connect with today’s youth movement and invest in it the right way is going to win.”

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CPE Study Finds Six Essential Success Factors for Accounting Firms

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How accountants plan for success, in their own words. Join the survey. Get the updates.

How accountants spell s-u-c-c-e-s-s with C-P-E.

Tooling Up for 2017
Join the survey; get the results.

By Rick Telberg
CPA Trendlines Research

Accounting firms are like people—each one has its own situation, its own problems, its own goals, and dreams. It’s no surprise, then, that when asked for the essential ingredient to achieving their goals this year, CPAs offer a wide assortment of answers. But six topics emerge clearly as the most oft-cited.

https://www.research.net/r/CPE16
Join the survey; get the results

MORE CPE TRENDS:  Top Trending Specialty Niches  |  Busy Season Ends but Not the Focus on Taxes  |  Why Some CPAs Are Focusing on Accounting & Financial Reporting This Year  |  Top CPE Trends: How Accountants Are Re-Tooling for 2017  |  Mike Ramos on The Training Mindset: Mapping Firm Attitudes to Performance  |  Ohio CPA Society Teams with CPA Trendlines to Improve CPE ROI  |   Ed Mendlowitz on How to Choose the Right CPE  |  Sandi Leyva on Three Ways to Make CPE Work for You  |   Ed Mendlowitz on The Six Rules To Get the Most Out of CPE  |   Mike Ramos on How to Build a Powerhouse Learning Team for Your CPA Firm  |  4 Steps to Get More from Your Training Budget  |  How to Manage CPE by the Numbers  |  Three Tips for Creating Training Metrics  |  High-Impact Learning: 4 Ways to Maximize CPE ROI  |  Four New CPA Opportunities for the New Economy

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The question is one of several put forth in an ongoing CPA Trendlines survey being conducted in conjunction with the Ohio Society of CPAs and consultant Michael Ramos. READ MORE →

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MIT’s New Device Measures Power Used by Each Device in Your Home

Researchers at MIT have developed a device and software that could figure out exactly how much power is being used by every appliance, lighting fixture, and device in a home, with pinpoint accuracy and at low cost. Photo: Bryce Vickmark
Researchers at MIT have developed a device and software that could figure out exactly how much power is being used by every appliance, lighting fixture, and device in a home, with pinpoint accuracy and at low cost. Photo: Bryce Vickmark

Sensing your home’s electrical usage.

By Rick Richardson
Technology This Week

One of the issues that are often discussed when talking about smart homes is the ability to monitor energy consumption down each appliance and light fixture.We covered a story about Sense, a gadget that is supposed to diagnose your electrical usage – by appliance.

MORE TECH THIS WEEK:  Flaws in Wireless Keyboards Let Hackers See Everything You Type  |  Floor Tiles that Translate Steps into Power  |  Samsung’s $1 Billion Bet on ‘Internet of Things’  |  Google’s Modular Smartphone  |  6 Big Changes Coming to Android Phones  |  New iPhone Case with Built-in Photo Printer  |  Foldable Samsung Concept Phone Doubles as a Tablet  |  More than Just a Phone Case: An Extra Touchscreen  |   App Wants to Be the Uber for Filing Taxes  |  Gadget Turns Your Smartphone into a 3D Printer   |  Tabletop-Sized Touchscreen |  Beware! Public Wi-Fi Is Just Not Secure  |  ZTE Announces New Tablet-Projector Hybrid at Barcelona  |

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CHARTS & GRAPHS

Accounting Tops List of Most Profitable Industries, Again

Pile of new 100 US dollars 2013 banknotesOf course, that’s pre-tax.

By CPA Trendlines Research

Privately held accounting-related companies – accounting, tax preparation, bookkeeping and payroll service companies – are the most profitable, with net profit amounting to 18.3 percent of sales, on average, based on a financial statement analysis for the 12 months ended June 30.

To be sure, if you ask two accountants how profitable they are, you’ll get three answers.
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