February 2009

INTERNATIONAL / PRACTICE MANAGEMENT

Using IFRS to Drive Business Development

The growing footprint of IFRS holds rich opportunities for small and midsize CPA firms to grow their practices. IFRS-related work in the United States has largely been the domain of major firms thus far. But there’s a large space that small and midsize firms can fill given the right positioning, knowledge and resources.

financial reporting / international

IFRS: Beyond the Standards

Recent accounting research suggests that national culture and language translation could undermine the rigorous interpretation and application of IFRS and lead to a lack of comparability across countries. The authors outline the challenges and make recommendations for addressing them.

Careers / Practice Management

Right Track Your CPA Career

Incorporating little things into your daily routine can put you on the right track to being successful—defined here as a stronger sense of self-fulfillment and empowerment, as well as more promotions and monetary rewards. Too many CPAs ignore these key differentiators, leading to busy careers that never reach their true potential.

Practice Management / Employee Benefits

The Virtues and Challenges of a Long Break

Firms that advocate sabbaticals as a benefit say they help recruitment, serve as a talent-development tool, affirm the firm’s values and improve services to clients.

Technology Workshop

Forecasting With Excel

Excel’s Chart Wizard tool and the use of regression analysis can significantly enhance the accuracy of your financial forecasts and make the budgeting process more efficient.

nonprofits / tax

Reporting Unrelated Business Income

As Congress and the IRS focus on unrelated business income (UBI) reporting, many nonprofit organizations will be subject to more exacting scrutiny and analysis.

HEADLINER Q&A

Uniting the Global Profession

The JofA interviews International Federation of Accountants (IFAC) President Robert Bunting, a former AICPA chairman, about his new role as a leader of the global profession.