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Revenue Recognition: Ensuring a Smooth Transition to the New Standard

Posted by Robert Half Management Resources on Apr 1, 2015 9:20:00 AM

RHMR_0315_IMG_BlogMarch_Revenue-Recognition_NAM_ENGThe Financial Accounting Standards Board’s (FASB) recently issued and lengthy revenue recognition standard is intended to promote greater comparability of financial information across companies, industries and geographic areas. For many organizations, the new rules could mean significant modifications in the timing and amount of revenue recognition.

This accounting change won’t stop with financial reporting though. Its sweeping impacts will ripple through any operational team, process or system that contributes to or relies on revenue. This means your sales, tax and IT departments, among others, could be affected.

Topics: Protiviti, Financial Executives International, Financial Reporting, Revenue Recognition

A Move to Consulting Attractive for Most Financial Leaders

Posted by Michael Weiss on Mar 31, 2015 9:12:15 AM

512px-Ace_playing_cardsWhat does the future hold for today’s financial executives? The results of a recent Robert Half Management Resources survey indicate a move to consulting may be in the cards for many.

Topics: Career Advice, Consultants, Paul McDonald, Consulting

5 Ways to Acknowledge Your Accounting and Finance Staff

Posted by Robert Half Management Resources on Mar 30, 2015 9:42:57 AM


Managers know the importance of employee recognition in maintaining the morale, productivity and continuity of staff. It is a critical component of staff management. When your team understands that their work is valued and appreciated, they are motivated to perform at higher levels.

What are some of the best ways to acknowledge your team members? The People Puzzle: Building and Retaining a Talented Accounting and Finance Team from Robert Half and the American Institute of CPAs (AICPA) offers five strategies — both common sense and creative.

Topics: Management Advice, Staff Management, Employee Recognition, American Institute of CPAs

The Benefits of Adopting the COSO 2013 Framework — Even If You Aren't Required to

Posted by Robert Half Management Resources on Mar 25, 2015 8:29:21 AM

RHMR_0315_IMG_BlogMarch_Value-of-Adopting-New-Framework_NAM_ENG“Should we transition to the COSO 2013 framework?” Even for companies not mandated to adopt it, this has become an increasingly common question throughout the business world since May 2013, when the Committee of Sponsoring Organizations of the Treadway Commission (COSO) released the much-discussed update to its internal controls framework.*

COSO’s original version, released in 1992, was accepted by the U.S. Securities and Exchange Commission (SEC) as a framework for verifying internal control over financial reporting (ICFR). However, the updated framework takes into account major global shifts that have occurred in the past two decades, including the explosion of the Internet and the passage of the Sarbanes-Oxley Act of 2002.

Should your company adopt the COSO 2013 framework? Although small private businesses are not typically required to adopt, embracing the updated framework can create valuable benefits for companies of all sizes. Consider these four benefits your business could experience by making the transition.

Topics: Compliance, Protiviti, Benchmarking, Financial Executives International, Financial Executives Research Foundation, Internal Controls, COSO, Bob Hirth

Strategic Solutions for Common Staffing Management Mistakes

Posted by Robert Half Management Resources on Mar 24, 2015 8:49:00 AM

Feb25-StaffingManagementWith a resurging economy, the job market is improving. Specialist talent is limited, so employers are increasingly competing against other firms for top candidates.

This competition for talent may pressure you to make hasty hiring decisions. While you may need to move quickly, you also want to take well-considered actions. So, before you start handing out job offers to promising candidates just to fill a position, consider what type of staffing management plan to follow: the traditional approach or the strategic approach.

Topics: Management Advice, Hiring Advice, Staff Management

Welcome Aboard: 4 Tips for New Hire Orientation

Posted by Robert Half Management Resources on Mar 19, 2015 8:47:27 AM

RHMR_0315_IMG_BlogMarch_AICPA-Report-Onboarding_NAM_ENGAs a financial manager, you should strive to set up new employees for success from day one — literally. The best way to start new team members off on the right foot is to offer them a warm welcome and proper new hire orientation.

Many companies are lacking in the employee onboarding department, however. In a new report by Robert Half and the American Institute of CPAs (AICPA), The People Puzzle: Building and Retaining a Talented Accounting and Finance Team, CPAs were asked to rate their company’s onboarding process with one to five stars. Fewer than 10 percent of accounting professionals surveyed gave their company five stars.

It’s never too late, though, to develop a high-caliber orientation process that helps new employees hit the ground running. Follow these four essential steps.

Topics: Management Advice, Staff Management, American Institute of CPAs

Four Things to Know Before Your IPO

Posted by Jim DeLoach on Mar 18, 2015 9:01:00 AM

Jim-DeLoach-ProtivitiIt is common sense than an uncertain global economy slows IPO activity, and yet, the IPO pipeline is at near-record levels.

In the U.S. market alone, there were more than 270 IPOs priced in 2014, up 23 percent from the prior year. And total proceeds raised reached more than $85 billion, an increase of 55 percent compared with 2013.

My colleague Steve Hobbs, managing director of Protiviti’s Public Company Transformation solution, says that 2014 was one of the strongest IPO years in the last decade, fueled by legislation such as the JOBS Act, which was enacted in 2012 to help ease regulatory burdens on emerging growth companies.

The IPO appeal is immense. But what companies don’t know about the process can drive an offering off the rails in a hurry. Last November, Protiviti held a nationwide webinar highlighting key challenges and offering tips to help companies avoid common missteps. Here are some highlights from the discussion.

Topics: Management Advice, Compliance, Protiviti, IPO, Steve Hobbs, Gordon Tucker, Pre-IPO

Time for Change: 5 Basic Tenets of Change Management

Posted by Robert Half Management Resources on Mar 16, 2015 11:22:32 AM


Woodrow Wilson once said, “If you want to make enemies, try to change something.” This maxim sheds some light on why change management is such a challenge for business leaders.

Yet change is a necessity in our ever-evolving business world. To remain relevant, corporations must embrace change, and leaders must effectively manage it.

Is your company evolving? Here are five key principles to keep in mind as you tackle the daunting task of leading change management

Topics: Leadership, Staff Management, Change Management

CPA Job Satisfaction: It’s Not Just About Money

Posted by Robert Half Management Resources on Mar 12, 2015 1:54:00 PM

Robert-Half-AICPA-People-Puzzle-cover-CPA-job-satisfactionWith a rebounding economy and shortage of finance talent, CFOs are doing everything possible to retain star finance and accounting employees. When considering ways to keep your best people, compensation springs naturally to mind.

It’s not all about money, though. A new report from Robert Half and the American Institute of CPAs (AICPA), The People Puzzle: Building and Retaining a Talented Accounting and Finance Team, identified five factors beyond salary that play a big role in CPAs’ job satisfaction.

Topics: Management Advice, Staff Management, Retention, Compensation, CPA, American Institute of CPAs

Play Ball! 4 Ways Spring Training Can Inspire Your Staff Management

Posted by Robert Half Management Resources on Mar 11, 2015 8:45:47 AM

Albert_Pujols_swings_spring_training_2009Major League Baseball spring training games are in full swing in Arizona and Florida. It’s an important time of year for these players but just as important for the managers and coaches.

Spring training offers a crucial opportunity to identify a team’s strengths and weaknesses. Coaches can spot their all-stars, players who need extra support and gaps on their roster.

Here’s how you can use spring training as an inspiration for your own staff management.

Topics: Management Advice, Leadership, Baseball, Staff Management, Spring Training, Major League Baseball

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