profession Archive

2012 Elections Results … Opportunity Knocks for CPAs

The elections are over and we can all finally watch TV without campaign ads. In Indiana legislators are getting ready to roll up their sleeves and begin the work of the 118th General Assembly. There will be many new faces in the State House when they convene on January 7. No doubt this will change [...]

Fix the Debt …

The title of this blog is borrowed from an organization Fix the Debt: Citizen’s Petition – Fix The Debt. I had an opportunity to hear a speaker from Fix the Debt recently – Paul Stebbins, Executive Chairman, World Fuel Services Corporation. He was both articulate and very passionate. We should all be passionate about this [...]

CPAs Are Busy, So Why Do They Bother?

When 30% of Indiana CPAs show up for something, it causes me to wonder … “why do they bother?” After all, CPAs are pretty busy people. There are lots of things going on. There are other places that time could be invested. But they show up. Every year … almost a ritual it seems. The [...]

What might the future hold?

Change. Progress. Evolution. Opportunity.

There is a lot going on in business and the profession. Whether you think about what is happening on the other side of the world and how it is affecting our economy, the ever present effects of regulation on the profession, a changing workforce in terms of age, gender, diversity and the requisite skills to be successful today, or evolving customer and client expectations, there is a lot going on!

How do we manage all of that? What do we focus on and how do we prepare. In fact, how do we know what to prepare for? It isn’t very easy.

Is There a Need to Change CPE?

Continuing Professional Education. CPE. Been around a long time. What? 40 or 50 years? Something like that.

Same old model. Hasn’t changed much. Still 50 minute hours (I wonder what committee made that decision?). I wish they would have made hours 70 minutes. Think about how much more you would get done in a day. : )

Still need 10% of your hours in A&A. The tax people love that.

But there have been a couple of developments. As of a couple years ago, you can now earn “half” hours, provided the half hour is connected to a full hour. Apparently you can’t learn something in just a half hour by itself (actually that is just 25 minutes).

Some online courses can qualify for group study.

But really, are these developments progress? Seriously. Take a look at what is going on around us.

Dream a Little Dream … about Integrated Reporting?

Do you ever dream about the future of financial reporting? No—me neither! I have experienced a few nightmares related to this topic, but I can honestly state that I never dream about what the future holds.

Why Do We Insist On Putting Labels on People?

Why do we insist on putting labels on people? Sometimes it is individual people (that is definitely a Type A) and sometimes it is groups of people. We label politicians … liberal, moderate or conservative. We even label CPAs … tax, audit or consulting. We’ve been doing that for years!

Seize the Moment to Be Relevant

Your company is successful because of the business relationships that exist in the organization, clients are with you because you built a relationship with them; when you think about it, any human interaction becomes relevant through the relationship and shared experiences.

The Power of Knowledge … or is it Knowledge is Power?

Why should we care about knowledge and knowledge management? The future of your career, the future of your firm or your business, and the future of your profession might depend on it. Do I have your attention now? I know, I’m being dramatic. But if that’s what it takes, so be it!