Culture Shock for Accounting Firms

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In previous posts we wrote about changes facing accountants and CPAs with regard to technology and its ramifications for the industry.  But today’s focus is a bit different: How firms will be affected by the future changes not just in technology but also the outlook and expectations of the workforce.  Firms will be the big driver of any changes in…

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What Makes a Bad Boss?

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They say the average person spends 30% of their life at work.  This is a huge part of your life and if you don’t like what you’re doing it can be a drag on the rest of your existence.  One of the main causes of job dissatisfaction is a boss who isn’t good at their job.  We’re not talking about…

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What Are the Differences Between Financial Accounting and Management Accounting?

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Most people think accounting is accounting.  Whatever the title, that person keeps track of the dollars, cents, ledgers, etc.  While this view is understandable it isn’t altogether correct.  Perhaps the best way to illustrate this is to delve into the somewhat common question of the difference between financial accounting  and management accounting. Financial accounting is primarily for outside parties.  This…

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Better CPAs

Will the New CPA Exam Create Better CPAs?

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April 1, 2017 has come and gone, which means candidates are now officially taking the updated version of the CPA exam. These changes marked the first significant update to the CPA exam since 2011, so naturally, there was a wide range of reactions from people in the accounting industry and CPA candidates. Will the new exam be harder? Will fewer…

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Could You Use a CPA Exam Tutor?

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CPA exam tutors.  You may wonder why they’re needed.  After all, don’t CPA course reviews have everything you need?  Maybe.  But there are some instances where working with a human being makes sense, because they can provide you with things that MCQs or video lectures can’t.   A tutor can provide feedback, answer specific questions, and help guide you based upon…

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Accounting, CPAs, and Blockchain

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The future of CPAs, and accountants in general, may be disrupted by the latest fintech to be talked about, promoted, derided or what have you:  Blockchain.  Blockchain is essentially a decentralized digital ledger system.  It’s database software which resides on individual computers as opposed to one server so users can deal directly with each other in real time.  Think in…

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