|  Last updated on February 18th, 2011 by  Narcisse Dansou |  Filed under: Careers in Accounting | 
There have been a string of notable merger and acquisition deals involving a number of regional accounting firms since 2009. You know what they say, if you can’t grow organically fast enough, find yourself a merger or an acquisition candidate. In a chronological order sort of, here are some of the M&A deals within the public accounting industry that have caught my eye:
Year 2009:
-Baker Tilly Virchow Krause, LLP (Chicago, IL) acquires Beers + Cutler (Vienna, VA): prior to the tie up, Baker Tilly Virchow Krause, LLP was ranked the 17th accounting firm with $215M in annual revenues whereas Beers + Cutler was ranked 42nd with annual turnover of $60M. As of 2010, the combined firms are ranked 13th with annual revenues of $250M. This acquisition enables Baker Tilly Virchow Krause, LLP, a public accounting firm that primarily did business in the Midwest, Continue reading Mergers and Acquisitions Fever Takes Hold of Regional Accounting Firms
| Last updated on February 1st, 2011 by Narcisse Dansou | Filed under: Careers in Accounting |
I recently stumbled on a very interesting ranking of the 10 best accounting firms for women. It was published in 2010 as part of the first edition of the annual Accounting/MOVE Project which is co-sponsored by the American Society of Women Accountants (ASWA) and the American Woman’s Society of Certified Public Accountants (AWSCPA), supported by launch partners Moss Adams LLP and BDO, and managed by Wilson-Taylor Associates, Inc. The Accounting/Move Project is a national survey research effort to measure and advance women at public accounting firms and corporate accounting employers. The project is based on the MOVE methodology, developed by research partner Wilson-Taylor Associates, Inc. to capture the factors proven essential to women’s career success:
M – Money: fair pay practices
O – Opportunity: advancement and leadership development
V – Vital supports: work-life programs that remove barriers
E – Entrepreneurship: operating experience for managing or business ownership Continue reading The Best Accounting Firms for Women
| Last updated on January 22nd, 2011 by Narcisse Dansou | Filed under: Careers in Accounting |
Mergers, acquisitions, divestitures, and business exits are critical and strategic business transactions that companies will find themselves either exploring or undertaking throughout their existence. However, before initiating those business deals, management has a fiduciary duty to conduct due diligence to gain a reasonable assurance that the contemplated business deal does make sense prior to kicking off any form of negotiations. So what is due diligence? Generally, due diligence refers to the care a reasonable person should take before entering into an agreement or a transaction with another party. Through the due diligence process, management can gather vital information about the other party that will help minimize the risks while maximizing the value of a potential deal. Continue reading Public Accounting Career Spotlight: Transaction Advisory
| Last updated on January 14th, 2011 by Narcisse Dansou | Filed under: Careers in Accounting, Words to the Wise |
This past winter break, I found myself perusing several CPA exam candidates personal blogs as well as a number of community forums for CPA exam candidates and I could sense there was quite a bit of apprehension among future examinees vis a vis the incorporation of International Financial Reporting Standard (IFRS) in the candidate’s body of knowledge for the CPA exam (As of January 1st, 2011). Prior to these recent changes, the national average CPA exam pass rate was more or less 48%, it is therefore understandable that many current CPA exam candidates have grown even more anxious because of the additional and considerable amount of study time that is going to be required of them to successfully pass the two sections of the CPA exam that include IFRS related test questions: Financial Accounting Reporting (FAR) and Audit (AUD). I have been studying in preparation to take the CPA exam and I have to admit that there is nothing fun about having to learn completely new materials such as IFRS. Continue reading Rationalizing the Coverage of IFRS on the CPA Exam
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First published on February 18th, 2011 by 
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I am an accounting professional actively seeking the Certified Public Accountant (CPA) designation. 