strategic alliance will continue to educate and inform cpas and accounting professionals about technologies that help their firms and their clients become more efficient and productive
braintree, mass.–xcm solutions, llc, the pioneer in delivering paperless workflow solutions to the accounting profession, today announced it has joined the cpa-focused strategic alliance formed in 2010 by fujitsu, the market leader in document imaging scanners, and speedtax, a provider of software-as-a-service (saas), fully-automated sales tax solutions.
recession sees big drop in accounting and bookkeeping employment.
the first decade, 2000-1010: accounting and bookkeeping services, all employees, in thousands, seasonally-adjusted
by rick telberg
as headcounts in the accounting and bookkeeping industries continue to decline, a new 卡塔尔世界杯常规比赛时间 analysis suggests that partners and senior managers are taking on more of the duties once handled by staffers. read more →
job confidence rises. the mergis accounting and finance employee confidence index, a measure of overall confidence among u.s. accounting and finance workers, edged up 2.2 points to 56.1 in the fourth quarter of 2010, suggesting an increased numbers of professionals … continued
msu study predicts 7% increase at firms; 17% including corporate. after a sluggish 2009-2010, companies seeking business majors are poised to pick up hiring strongly throughout the year. according to the 2010-2011 recruiting trends survey by michigan state university, last … continued
remember rule number one – “no integration, no successful merger.” by august j. aquila you decided to conduct a merger to achieve some strategic objective, you went through all the emotional turmoil of getting both parties to sign the documents, … continued
where do you rank on a 10-point scale in executing this year’s plan? by matt lauth six disciplines for finance and accounting leaders, there are 10 key annual planning steps that need to be completed: 1. get external feedback – … continued
no. 1: get out of my way and let me work. as important as a paycheck is to accounting firm staffers, compensation is not the top motivator at work, according to the 2010 career development survey sponsored by inside public … continued
“the more you speak your opinion, the more likely you are to get some ink about it.” scott cytron writes a follow-up to his ground-shaking interview with cpa.citp david beck, where beck warns about the rush to the cloud (cloud … continued
job 1: managing client expectations. by rick telberg accountants are bracing for delays and confusion caused by late-breaking tax rules and regs, not to mention the complications of a difficult and uncertain economy, when tax season 2011 starts with the … continued
most cpa firms miss 60% of their potential revenues. here’s how to start fixing the problem. by sandi smith, cpa sandismith.com a bay street group affiliate accounting firms have done a great job adopting paperless office technologies, the web, and … continued
but the accountants who get there first will reap the rewards. by chandra bhansali president and co-founder of accountantsworld hoisted from comments in response to cloud computing for cpas? client portals? be afraid, be very afraid you may not like … continued
up 1.4% in 2010 after 7% drop in 2009. deloitte takes top spot from pwc.
via “the 2010 big four firms performance analysis” by big4.com
after an extraordinary period of continuous revenue growth from the early 2000s to 2008, combined revenue for the big four firms fell 7% in 2009, then recovered in 2010 and seems headed for bigger advances this year, according to “the 2010 big four firms performance analysis” by big4.com.
source: big4.com
in 2009, revenue decreases in us dollar percentage terms ranged from negative 5% for deloitte to negative 7% each for ernst & young and pricewaterhousecoopers to negative 11% for kpmg. but in 2010, the situation improved remarkably, with $95 billion combined revenue for the four firms in fiscal 2010 increasing 1.4% from $94 billion in fiscal 2009 in us dollar terms.
instant download: click for the 2010 big four firms performance analysis by big4.com (pdf, 18 pages)
revenue increases in us dollar percentage terms ranged from negative 0.9% for ernst & young, 1.5% for pwc, 1.8% for deloitte and 2.6% for the fastest-grower, kpmg. kpmg also had positive growth in all its three regions and narrowed its revenue gap with e&y. e&y was the only firm whose full year revenues shrank, though the firm indicated that the second half of the fiscal year was much stronger, especially in advisory and tas.
the big story of 2010 was that deloitte with its 1.8% growth was able to beat pricewaterhousecoopers with its 1.5% growth to gain first place and become the largest accounting firm on the planet. in 2009, pwc was narrowly ahead of deloitte, but deloitte’s 2010 revenues of $26.578 billion was ahead of pwc’s 2010 revenues of $26.569 billion by an ultra-slim, but very significant, $9 million. ernst & young took the third spot at $21.3 billion, and kpmg maintained its position as the smallest of the big four firms at $20.6 billion, but narrowed the gap against e&y. read more →
the good news: fewer layoffs. according to a survey of u.s. accounting firms released by sageworks, there is reason for optimism in 2011. about 66% of accountants surveyed by sageworks say they expect business headcounts to remain unchanged in 2011, … continued
