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Happy Holidays in Financial Reporting? 5 Things to Do Now to Ease Your Year-End Close

Posted by Christopher Wright on Dec 18, 2014 10:10:12 AM

Chris_Wright_-_Protiviti_NY_-Oct._2011_hi_resThis post is originally from The Protiviti ViewProtiviti, a subsidiary of Robert Half, is a global consulting firm that helps companies solve problems in finance, technology, operations, governance, risk and internal audit. The Protiviti View, the company’s blog, features commentary, insights and points of view on key challenges and risks facing companies today.

Financial reporting deadlines and regulatory compliance demands are challenging enough. No need to intensify them by postponing tasks best tackled now.

From new revenue recognition rules to the updated COSO Internal Control Framework, there are several issues that merit prompt attention. In a recent interview with Compliance Week, I was asked to come up with five things companies should be doing right now to prepare for the year-end close. Jim DeLoach asked me to share them here:

Topics: Management Advice, Industry Trends, Accounting, Finance, Compliance, Protiviti, Financial Reporting, Year-End, COSO

Book Summary - Lessons from the Audit Trail by Richard F. Chambers

Posted by Lisa Fulmer on Dec 17, 2014 12:00:00 PM

Lessons Learned from the Audit Trail by Richard F. Chambers, President and CEO of The Institute of Internal Auditors, is an engaging blend of an autobiographical accounting of an industry trail blazer combined with a business handbook to help anyone who has or wants a career in internal auditing.

Audit-Trail-Book-Summary-Internal-Audit

Cynthia Cooper writes in the foreword, “Richard champions high professional standards and ethical conduct, and his passion for the internal audit profession comes through on every page. He shares often hard-won lessons learned while on the audit trail, and principles that can help you transform your career, take advantage of opportunities, and be well-prepared for the challenges ahead.” 

Topics: Career Advice, Audit, Book Reviews, The Institute of Internal Auditors

Webinar Recap: Experts Highlight Key Financial Hiring Trends for 2015

Posted by Robert Half Management Resources on Dec 15, 2014 4:38:00 PM

Robert-Half-Management-Resources-blog-financial-hiring-compensation-trends-webinarOne of the most challenging aspects of a financial leader’s role can be keeping up with compensation and hiring trends. It’s deceptively difficult. As more companies enter hiring mode, the availability of skilled candidates — and the salaries needed to woo them — can change quickly and significantly.

Our recent webinar provided insight into the latest hiring and compensation trends. “What You Need to Know to Hire and Be Hired in the New Year: 2015 Financial Employment and Compensation Outlook” featured expert commentary and strategies for addressing current recruitment and retention challenges. The panel included:

  • Paul McDonald, senior executive director of Robert Half
  • Shirley Wiliani, CFO at Hardin Holdings, Inc. and Affiliated Companies
  • Mike Dinsdale, CFO at DocuSign

Here is a summary of the main takeaways.

Topics: Salary Guide, Management Advice, Industry Trends, Hiring Advice, Paul McDonald, Retention, U.S. Bureau of Labor Statistics, Compensation

Internal Controls: A Look at Industry Benchmarks

Posted by Robert Half Management Resources on Dec 12, 2014 5:04:02 PM

Robert-Half-Management-Resources-blog-benchmarking-report-internal-controlsThe 2014 Benchmarking the Accounting & Finance Function report, produced by Robert Half and Financial Executives Research Foundation (FERF), surveyed financial executives in the United States and Canada to gauge how their companies are handling key operational areas. Among the areas studied were internal controls.

As processes are tweaked to improve efficiencies, maintaining the proper number of controls is essential for risk management and the integrity of accounting data and financial reports. Adhering to regulatory mandates also helps enterprises avoid the losses, fines and penalties that accompany noncompliance.

Topics: Management Advice, Industry Trends, Compliance, Financial Executives Research Foundation, Internal Controls

Email Has Its Place – but Managers Don’t Think That Place Is a Meeting

Posted by Michael Weiss on Dec 11, 2014 5:08:00 PM

Robert-Half-Management-Resources-blog-checking-email-meetingsThere are many faux pas giving meetings a bad name. Whether it’s a lack of purpose or discussions running long, one-quarter of employees’ time spent in them is wasted, and one in 10 chief financial officers reported meetings are work’s biggest time-waster. Here are two other contributors to the problem: email and smartphones.

Everyone, it seems, checks email during meetings and their telephone-enabled sidekick, the conference call. But that doesn’t make it a good thing. In a Robert Half Management Resources survey, just 6 percent of managers said it’s perfectly fine to read and respond to emails in meetings.

Topics: Career Advice, Management Advice, Meetings, Paul McDonald, Patricia Napier-Fitzpatrick, The Etiquette School of New York

’Tis the Season: 3 Holiday Networking Tips for Financial Executives

Posted by Robert Half Management Resources on Dec 9, 2014 1:14:17 PM

You know the spiel: Professional networking can lead to new business endeavors, career opportunities, and better relations both inside and outside your company. It’s likely you reached your current position at least in part by knowing how to work your network, but even CFOs and other high-level financial professionals can benefit from a quick refresher. RHMR_1013_IMG_500x333_BlogImages4_NAM_ENG

For one thing, a little professional networking is good for everyone. Also, when you advance to upper management, there are new reasons for networking, such as employee retention and motivation. 

Topics: Career Advice, Management Advice, Networking, Institute of Management Accountants

Change Management Disasters: Steer Clear of These 3 Fatal Fails

Posted by Robert Half Management Resources on Dec 3, 2014 3:43:00 PM

Frustrated_man_at_a_deskIt’s no wonder “change management” and “business transformation” are two of the hottest buzzwords in the business world right now. In our fiercely competitive, ever-evolving climate, companies must be agile enough to change on a dime if they want to survive.

Whether you’re adapting to a company merger, policy changes, new regulatory compliance mandates or the lightning-fast pace of technology, change management has become a critical skill for all executives. Yet the vast majority of organizations admit to lackluster performance in this area. In a Towers Watson survey, only 25 percent of employers said their change management efforts are successful over the long haul. 

Topics: Management Advice, Leadership, Communication

Hear What It Will Take to Attract and Retain Top Performers in 2015 With Our Hiring Trends Webinar

Posted by Robert Half Management Resources on Dec 1, 2014 4:52:00 PM

Robert-Half-Management-Resources-blog-2015-financial-hiring-compensation-trends-webinarFinding accounting and finance job candidates with in-demand experience remains difficult for many financial executives. Figuring out how to attract them and add them to your team is another challenge.

Robert Half’s upcoming webinar, "What You Need to Know to Hire and be Hired in the New Year: 2015 Financial Employment and Compensation Outlook," can help you identify and employ top performers in the year ahead. To register, click here.

Topics: Management Advice, Industry Trends, Hiring Advice, Paul McDonald, Retention, Compensation

The Good News about Thanksgiving

Posted by Lisa Fulmer on Nov 26, 2014 12:54:48 PM

Robert-Half-Management-Resources-blog-Thanksgiving-comicOur friend Tom the Turkey may not appreciate this good news so much, but Thanksgiving is an important holiday for all business professionals to put down the work and enjoy quality time (and a quality feast!) with family and friends. December will be busy with everything from taxes and payroll to performance reviews to closing the books. Take advantage of the upcoming long weekend to rest and rejuvenate before the final month of year-end preparations begins.

Topics: Comic, Randy Glasbergen Comic

Employee Recognition: Feel the Thanksgiving Spirit All Year Long

Posted by Robert Half Management Resources on Nov 24, 2014 7:26:20 AM

Robert-Half-Management-Resources-blog-Thanksgiving-thank-employeesThanksgiving reminds us of what’s truly important and meaningful in our lives. As a financial leader at your company, you’re probably grateful for good employees.

Topics: Management Advice, Leadership, Staff Management

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