Determining net worth can help people evaluate finances and make goals for retirement. Updating net-worth calculations periodically can help track progress toward these objectives and might lead to new targets.
Researchers are increasingly persuaded that verbal praise is good, as recipients enjoy receiving compliments and are more likely to give compliments in turn. One challenge is that people feel awkward giving compliments and worry about a negative reaction.
GDP rose at a 6.5% annual rate in the second quarter, falling below expectations of economists surveyed by The Wall Street Journal who had predicted an 8.4% annual pace. However, the growth represented a milestone, as it sent GDP above pre-pandemic levels.
Data is valuable. Data that can be compared to that of your peers is invaluable. The 2021 AICPA PCPS/CPA.com National Management of an Accounting Practice (MAP) Survey helps you do just that. Know how you performed on key performance indicators compared to firms in your region or nationally. Participate in the survey.
Addressing elder financial exploitation
Billions of dollars are lost each year due to fraudulent acts against older Americans. In this episode of the PFP Section podcast, Erin Scheithe with the Consumer Financial Protection Bureau (CFPB) gives you tips, tools and resources to help you and your clients spot, prevent and report elder financial exploitation.
About the Association of International Certified Professional Accountants, and AICPA & CIMA
Association of International Certified Professional Accountants®
(the Association), representing AICPA® & CIMA®, advances the global accounting and finance profession through its work on behalf of 650,000 members and students in 179 countries and territories. Building on the strength and rich legacy of both membership bodies, AICPA & CIMA driven by the Association, lead on management and public accounting issues through advocacy, specialized credentials, continuing professional education, conferences and thought leadership.