The AICPA and the CPA profession as a whole receive significant ‘ink’ each year, ranging from daily newspapers with large circulations to niche blogs with a few hundred readers. To help you keep track of it all, CPA Profession in the News is a short wrap-up highlighting a few interesting and informative articles about the CPA profession.
The role of finance teams is expanding well beyond traditional accounting and financial reporting to encompass areas such as IT development, cyber security and strategic business planning. That’s according to a recent survey of CEOs, CFOs and other senior level Chartered Global Management Accountant designation holders. In addition to growth in the role of accounting and finance, the survey - conducted by the AICPA - found that business complexity has been increasing significantly, a trend that is expected to continue in the coming years.
Continue reading "In the News: Role of Finance Function Expands as Business Complexity Increases" »
Summer was always thought of as the time for sunny days at the beach, BBQs and bonfires. But these days most American adults equate summer with financial anxiety, according to a recent telephone survey conducted for the AICPA by Harris Poll.
According to the survey, about 6 in 10 U.S. adults (59 percent) said their financial tension during the summer matches or exceeds the stress they feel during the year-end holiday season. The AICPA’s National CPA Financial Literacy Commission has been reaching consumers with tips to help them alleviate the stress of summer by making smart financial decisions.
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The deadline to file your 2013 taxes – or file for an extension – passed earlier this week. What’s the significance of that? It’s time to think about planning for the 2014 filing season.
As many CPAs will tell you – taxes are something to consider year round. And one of the best ways to ensure that you are best positioned to pay no more than you owe is by being meticulously organized throughout the year. Enterpreneur.com recently posted an article suggesting some technology tools that will keep you organized in advance of next tax season – and no, a shoebox to hold all your receipts is not one of them.
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The AICPA recently released the results of the first quarter Economic Outlook Survey, which found business executives reporting a more favorable view on hiring and business expansion in the coming year. One of the motivating factors of this is an increased optimism about the U.S. economy as a whole.
Fox Business coverage of the survey, which polls CEOs, CFOs, controllers and other CPAs who hold executive and senior management accounting roles in U.S. companies, noted that just under half of respondents (49 percent) are feeling optimistic or very optimistic about the U.S. economy. Only 38 percent of executives felt equally positive last quarter.
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I don’t really recall my mindset when applying to college (it’s been more than five 15 years), but I can confidently say I should have spent more time thinking about my future employment prospects. Planning ahead would have allowed me to spend less time in college worrying that it would be difficult to find a job related to my major.
Luckily for high school students interested in accounting and college students planning to become CPAs, the job-related news about the profession lately has been very positive.
According to data from a survey conducted in November 2013 by the National Association of Colleges and Employers, 61% of accounting majors from the class of 2013 had received at least one job offer – the third highest percentage of any major.
Continue reading "In the News: The State of Accounting Jobs" »