Reading this on a mobile device? Try our optimized mobile version here:

January 16, 2013
Sign upForwardArchiveAdvertise
Brought to you by the American Institute of CPAs

  Letter from Arleen R. Thomas, CPA, CGMA 
  • From "fiscal cliff" fiasco to the debt-ceiling debacle: What does it all mean to you?
    On Jan. 1, the U.S. government stepped down from the "fiscal cliff," only to face an impending debt crisis that threatens to downgrade the U.S. credit rating and increase interest rates.

    As accountants in business and industry -- as management accountants -- we are in a unique position to drive changes to our organizations' business strategies by providing guidance, planning and expertise. It's not an easy task, however. We need to find the right balance between managing risk and uncertainty and driving growth and innovation.

    The AICPA is closely monitoring the situation in Washington and is working to provide you with the most updated resources and information. The AICPA created a Web page featuring news, webcasts and tools. Additionally, the Journal of Accountancy created a Web page that curates all of its articles on the "fiscal cliff," the debt ceiling and tax reform.

    What is your organization doing to mitigate risk while continuing to drive growth during these turbulent economic times? Has your strategy changed, or is it business as usual? Tweet me @ArleenCPA. LinkedInFacebookTwitterEmail this Story
  Accounting and Reporting Update 
  • Private-company accounting standards are poised for change
    Accounting standards for private companies and nonprofits are expected to change in several areas this year. The Private Company Council met for the first time in December and has directed the Financial Accounting Standards Board to focus on four look-back areas. Also, the Not-for-Profit Advisory Committee will increase efforts on the Financial Statement Presentation project. AccountingWEB (1/4) LinkedInFacebookTwitterEmail this Story
  • Other News
  Emerging Trends 
  • How to marry risk management and innovation
    Risk management and innovation might seem to be opposing goals for a company, writes Steve Culp, managing director for Accenture Risk Management. However, there are benefits to joining the two functions. "When properly fused, the two disciplines can help organizations pursue opportunities that a risk-averse culture might leave on the cutting room floor," Culp writes. He provides three principles to link risk management and innovation in a company. Forbes (1/7) LinkedInFacebookTwitterEmail this Story
  • Other News
  Tax Corner 
  • Other News
  Leadership Lessons and Tips 
  • This is what a company in free fall looks like
    If important decisions are made in secret and employees work in isolation and blame each other for their problems, your company's culture is probably spiraling downward, Rosabeth Moss Kanter writes. "In an emotional chain reaction, pervasive negativity fuels further decline. The culture permits selfishness, greed, mistrust, disrespect, petty turf battles, and excuses instead of action," Kanter writes. Harvard Business Review online/HBR Blog Network (12/18) LinkedInFacebookTwitterEmail this Story
  • How to be a better leader in 2013
    You can become a better leader in the new year by holding people accountable, offering praise for a job well done and taking on tough challenges, writes Brian Evje of Slalom Consulting. "[W]hen a leader embraces an inconvenient challenge, the message is clearly one of devotion to the shared purpose," he writes. Inc. online (free registration) (12/20) LinkedInFacebookTwitterEmail this Story
  • Finance teams must strategize better, CFOs say
    Chief financial officers say the capability they most want to see finance organizations improve is strategic planning, according to a survey, and the top three challenges finance teams face all relate to strategy. "New Skills, Existing Talent" includes steps and actions for the management accountant to gain the broader mandate to better support and add value to the business. CGMA Magazine (1/4) LinkedInFacebookTwitterEmail this Story
  • Other News
  Tech Topics 
  • Gartner predicts big changes in enterprise-security trends
    Major trends in enterprise computing, such as the cloud, social media and "bring your own device" to work, will have a significant impact on the enterprise-security industry, Gartner says. Existing players might be out of the market in a few years, replaced by newcomers. Corporate approaches to security will have to change as well, to one that is more "people-centric." Network World (1/3) LinkedInFacebookTwitterEmail this Story
  • How to build a cloud-computing strategy for 2013
    A cloud-computing strategy for the new year needs to strike a balance between agility and security, while embracing all devices, Louis Columbus writes. He also notes that hybrid information technology structures will be necessary until cloud computing matures, and recruiting might be a problem for even big companies. Forbes (12/18) LinkedInFacebookTwitterEmail this Story
  • 3 IT challenges to plan for in 2013
    ISACA, a global organization for information technology governance, is drawing attention to three trends that it says will "pose major challenges to businesses" in 2013. Cybersecurity threats are growing more sophisticated; interest in private or hybrid clouds, rather than public clouds, is expected to increase; and employees and consumers are becoming more concerned about data privacy. Find resources and tools to leverage technology at the AICPA's IMTA Resource Center. CGMA Magazine (12/27) LinkedInFacebookTwitterEmail this Story
  BIG News and Events 
  AICPA News 
  • Register: New conference on doing business in China
    The AICPA Conference on Doing Business in China, scheduled May 30 and 31 in Washington, D.C., will provide strategic thinking, expert insight and practical solutions for conducting business in China. Highlights include in-depth coverage of best practices for doing business in China; real-world case studies; hands-on business-strategy development; access to trade specialists; and expert insight, training and group interaction that promote comprehensive understanding of trends in China. Register. LinkedInFacebookTwitterEmail this Story

  • AICPA/USC Executive Education: The Financial Executive Strategy and Leadership Program
    This intensive executive-education program -- running over six days in March in a two-hour module daily -- will present an engaging approach to develop strategies that fit your company, establish direction for your organization and determine organizational requirements that promote successful execution. This program has been conveniently organized into a video webcast so you can participate remotely. Participants may also have an opportunity to create an action plan to take back to their business. Register. LinkedInFacebookTwitterEmail this Story

Learn more about BIGBusiness, Industry & Government  |  News and Publications  |  CPE & Events

You will do foolish things, but do them with enthusiasm."
--Sidonie-Gabrielle Colette,
French novelist and performer

LinkedInFacebookTwitterEmail this Story


AICPA BIG Resources

Subscriber Tools
Print friendly format | Web version | Search past news | Archive | Privacy policy

Contact AICPA
AICPA Service Center
220 Leigh Farm Road
Durham, NC 27707-8110
Phone: 888.777.7077
Fax: 800.362.5066
About the AICPA and Business, Industry & Government
The American Institute of Certified Public Accountants is the world’s largest association representing the accounting profession, with nearly 386,000 members in 128 countries and a 125 year heritage of serving the public interest. Members in business, industry and government make up a significant portion of the AICPA's membership. The AICPA provides financial professionals practicing in business, industry and government with the tools and resources needed to move their organizations forward. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation to elevate management accounting globally.

 Recent BusIndNews Issues:   Lead Editor:  Tom Anderson
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004
© 1999-2013 SmartBrief, Inc.® Legal Information