three questions about firm culture
you should be a team. but what kind are you?
by martin bissett
passport to partnership
talent & career development
steve evans: why traditional hiring methods fail | the disruptors
redefine how you hire and develop top accounting talent.
this is a preview. the complete 1-hour video episode, with commentary and transcript, is first available exclusively to pro members | go pro here
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the disruptors
with liz farr
in 2012, steve evans’ friend giles pearson, a big four accountant in new zealand, needed help. pwc kept making the same hiring mistakes because they had no way to assess a candidate’s technical accounting skills. steve, an expert in psychometric testing, thought it might take half a day to scour the marketplace for appropriate tests but found nothing useful.
more podcasts and videos: roger knecht: can you be an accountrepreneur? | beth whitworth: focus on outcomes not hours | mike sylvester: learn to say no | salim omar: identify your client’s $100,000 problem | jackie meyer: earn more with fewer clients | jack fleherty: don’t be a ‘yes’ person | greg adams: from finance to storytelling | the disruptors | jody padar: make radical changes now if you want to be relevant in 2030 | rebecca driscoll: amplify reach by helping other firm owners | rory henry: create the return on relationships | mike maksymiw: be the leader you wish you had | terrell turner: build a solid business showing up as yourself | kelly mann: be the bull in the china shop | alicia katz pollock: create a human-centric business | nancy mcclelland: be the one your clients ask first |alan whitman: stop accepting the status quo | sean duncan: discover your own genius | ingrid edstrom: true wealth is not financial |
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“they’re all rubbish,” he recalls telling giles. “they’re out of date. they’re not country-specific. they’re not really accounting-specific. they’re just math questions dressed up as an accounting test.” out of that failure, accountests was born.
tear down towers of knowledge to transform accounting
why sharing beats hoarding.
by donny c. shimamoto
series note: this post is part of a series inspired by “joy, inc.”, written by richard sheridan, cofounder and ceo of menlo innovations. while his book is about the software industry, there are many direct analogies applicable to the accounting industry. we must #transformaccounting and bring joy back into the work we do to sustainably address our industry’s people crisis.
a “tower of knowledge” (“tower”) is a person on your team who has vast technical knowledge that no one else has. this knowledge could be about a client or about the project itself. this person is often seen as the center of the team or as a key person who holds the project together.
more by donny shimamoto
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for high achievers – which many accountants are – this probably sounds like a good thing. being a tower of knowledge reinforces our worth and makes us feel important. “yes, i’m critical to this project. yes, the team needs me. yes, i know a lot. yes, i am important.” yes, being a tower can be very validating and make us feel good.
read more →
bailey parnell: why accountants must master soft skills in a vuca world | accounting influencers
having a growth mindset, seeking feedback, and auditing one’s skills are essential to continuous learning and development.
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accounting influencers
with rob brown
bailey parnell, owner of skills camp, says grit is just one element of resilience and that soft skills often characterize our relationships with ourselves and others. parnell also explains how to navigate through today’s volatility, uncertainty, complexity, and ambiguity—vuca, for short.
parnell says accountants need a growth mindset in times of change and stress. parnell highlights the need for a learner-centric approach to teaching soft skills that prioritizes the learners’ interests and learning styles over serving the institution.
do others think you’re ready to be partner?
three questions about your competence.
by martin bissett
passport to partnership
beyond the basics in ethics education | accounting arc
“the difficulty isn’t identifying the ethical decision; it’s making the right choice with difficult implications.”
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accounting arc
with liz mason, byron patrick, and donny shimamoto.
center for accounting transformation
accounting ethics training needs a major reboot, according to the latest episode of accounting arc. while traditional ethics training often feels like a check-the-box exercise, hosts liz mason, byron patrick, and donny shimamoto argue the profession must move toward a more engaging and comprehensive approach.
more accounting arc: leadership for the future: stakeholders, sustainability, and strategic vision | in-person conferences still essential | non-accountants in accounting: a game-changer for the profession | rubik yeriazarian: smaller firms offer big opportunities for rapid skill development in forensic accounting | accounting arc | ai will steal your job. and that’s a good thing | accounting arc | the right kind of lazy: innovative approaches to streamlining workflows | accounting arc
“ethics education in accounting has become stale,” says patrick, ceo and founder of verifyiq and vice president of client success at the b3 method institute, reflecting on his 80-plus hours of ethics training over his 22-year career. “the right decisions are usually obvious, but it’s the process of making them that’s difficult. unfortunately, none of my training has equipped me to handle that challenge.”
read more →
twelve years and out: seasoned accountants join the exodus.
no longer a problem confined to just new talent or middle managers.
by 卡塔尔世界杯常规比赛时间 research
in a startling shift, thousands of highly experienced top-level accountants are leaving the field mid-career, challenging the long-held view that the staffing crisis is limited to new graduates or middle managers.
related: middle managers getting squeezed | explaining the talent shortage in one big chart | salary and compensation outlook for small cpa firms | gen ai in accounting: epic transformation, or overheated hype? | more: the talent crisis | download the national pipeline advisory group report
for many accountants on the edge of transition, the coming years will determine whether the profession can reinvent itself to retain the trust of its workforce or continue to lose ground as one of america’s fundamental professions.
competence is just the beginning
where are you headed? answer these questions about your ambitions and finances.
by martin bissett
passport to partnership
i’m just starting out; why join an association?
why would you not?
by ed mendlowitz
202 questions and answers: managing an accounting practice
question: i do not belong to the njscpa and see no value in it. what are the benefits if i am a sole practitioner and just starting out?
more: don’t blame the client for your location | realign partners with monthly meetings | hourly billing doesn’t cover the value; now what? | you have to start somewhere | nine reasons not to specialize | hiring experience vs. training inexperience | a friendly chat or a billable discussion? | when selling a firm to staffers is tricky | courting a client? don’t give too much away for free | nine tips for a healthier tax season | fifteen strategies for first-time supervisors | measure knowledge gaps (then close them)
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response: i belong to the aicpa, njscpa and nysscpa, feel strongly about supporting these societies and believe it is a responsibility of professionals to do so.
read more →
the slow, painful death of the 150-hour rule
ending a 50-year mandate, now “competency” counts (again).
by rick telberg
卡塔尔世界杯常规比赛时间 research
after a quarter century of campaigning to get the 150-hour rule passed by all 50 states, overcoming opposition that seemed at one time as if it would rend the profession’s institutions, and after another quarter century of finding that the rule was failing by all critical measures, the aicpa and nasba are rolling out a workaround that could kill the rule.
more 150-hour rule | download the exposure draft
the organizations are offering a “competency-based” hurdle for cpa licensure that signals abject surrender.
this is the story, 50 years in the making, of (mostly) good intentions gone bad, unintended (but not unforeseen) consequences, and how rank-and-file cpas (eventually) overcame the power plays of multinational firms. read more →
the community of accountants is a superpower
leave your silos and explore an incredible breadth of options.
by liz farr
accounting, by its nature, is a solitary activity. but we don’t have to solve our firm’s problems alone. we don’t have to suffer alone.
join liz farr at the linkedin 卡塔尔世界杯常规比赛时间 group | more liz farr | follow liz farr on the disruptors wherever you get your podcasts: apple, google/youtube, spotify, iheart, deezer, amazon music, audible, player fm, audacy, rss.
all we need to do is reach out to others, listen, ask for guidance, and know we will be heard and supported.
how future-proof is the accounting profession? | accounting influencers
next-gen talent, technology, rebranding, business models, private equity.
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accounting influencers
with rob brown
is the accounting profession facing an identity crisis? can it adapt to meet the demands of a rapidly changing business landscape? rob brown brings together a panel of industry experts to discuss the future of accounting. jeff phillips, maureen dillmore, samantha louis, and sandra wiley share their perspectives on the profession’s challenges and opportunities.
the panelists share their thoughts on various topics, including the talent shortage, the impact of technology, the changing business model, and the need to rebrand the accounting profession.
why staff leave cpa firms… and how to keep them
the 14 top reasons they depart, plus insights from young employees.
by marc rosenberg
cpa firm staff: managing your #1 asset
the following data is from recent rosenberg surveys.