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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What is Lifestyle Accounting?

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The accounting profession is known for long hours.  Even when it isn’t tax season you can still routinely work 80 hours per week.  There are some who thrive on this.  But for so many others it’s the greatest source of job dissatisfaction. I know, this ain’t exactly news.  But here’s what is.  More and more accountants are doing something to…

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The Way Forward for Accounting

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Accounting is at a bit of a crossroads.  With relevant technology always improving and now even extending into artificial intelligence, a shift in the character of the industry has begun.  This isn’t entirely surprising given the nature of the work.  Accounting was one of the first areas to be deeply affected by the personal computer and software.  The first spreadsheet…

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