We are all in sales now. Here is some help.

Posted By: Tom Hood on September 10, 2014 in Leadership / Management&Training & CPE
The U.S. Bureau of Labor Statistics estimates that one out of nine people are in official "sales" jobs, but something is happening with the other eight of us in today's workforce. We are all in non-sales sales jobs, according to Dan Pink.  That's right — non-sales sales jobs. In fact, the research says the other eight of us spend an average of 41 percent of our time "convincing people to give up something [in exchange] for something you have to offer.” That is an average of...

Report: Few are ready to take advantage of profession’s top 5 trends

Posted By: Bill Sheridan on October 28, 2014 in Uncategorized
Do you ever get that feeling about the future? You know the one — like you’re going to get steamrolled by it? You’re not alone. Not by a long shot. That much is clear in reading the new Wolters Kluwer CCH white paper, “Charting a Course for the Future: A Report on Firm Preparedness.” Released at the 2014 CCH User Conference in Orlando, the paper finds that only 18 percent of firms consider themselves “very prepared” to take advantage of the biggest trends...

Revenue recognition: Get to know it … now

Posted By: Bill Sheridan on October 23, 2014 in Uncategorized
Here’s everything you need to know about the profession’s new revenue recognition standard: It’s big. Huge, in fact. It impacts everyone. Including you. Forget the implementation date. Start preparing now. OK, it’s a little more complex than that, but that’s the CliffsNotes version, courtesy of the AICPA. The standard, which was released in May by the Financial Accounting Standards Board and the International Accounting Standards Board, centers on the recognition of...

Your network equals your net worth: The power and importance of mentors

Posted By: Bill Sheridan on October 21, 2014 in Uncategorized
You wanna know what’s on the minds of young professionals these days? Ask them. They’ll tell you. We have, time and time again. Every time Tom Hood steps in front of a crowd of CPAs, he asks them what’s on their minds. Here’s what they’re saying: Some of the biggest issues they’re dealing with these days involve personal development, growth, keeping up with change, and building valuable networks. Their solutions to those problems center on connections,...

Peer review is under fire. 'Don't let it collapse'

Posted By: Bill Sheridan on October 16, 2014 in Uncategorized
One of the pillars of the CPA profession is closing in on its 40th anniversary, and like many of us who pass the big 4-0, it’s going through a bit of a mid-life crisis. I’m talking about peer review. Its importance in ensuring audit quality has never been greater. Neither has the scrutiny it faces, and changes are on the horizon. “(T)he status quo is untenable,” Allison Henry writes for the Pennsylvania Institute of CPAs. “A variety of changes are being explored that...