Financial Literacy


American companies can no longer afford to offer their employees adequate pensions, nearly three of four respondents (74%) said in an AICPA survey of CPAs serving as senior corporate executives ( www.aicpa.org/news/index.htm ). “This is a wake-up call,” said AICPA business and industry vice-president John Morrow. “Employees will have to find other ways to finance their retirement.” Fifty-nine percent of survey participants agreed, saying Americans will have to educate themselves about retirement savings strategies. To that end, the Web site of the AICPA’s 360 Degrees of Financial Literacy campaign ( www.360financialliteracy.org ) offers hundreds of free tools and resources to help consumers better understand and manage their personal finances. Volunteer opportunities are available for qualified CPAs; go to www.360financialliteracy.org/ for information on how you can help members of your community reach their lifetime financial goals.

SPONSORED REPORT

2019 State of Financial Reporting Survey

We surveyed nearly 600 finance and accounting professionals on their month-end close and reporting processes. See the results.

VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.