Thursday, 29 December 2016

CIMA and CIPFA Offer New CGMA Entry Route

The Institute of Management of Public Accountants (CIMA) and the Collegiate Institute of Public Finance and Accounting (CIPFA) today announced the launch of their new "CPFA to CGMA Recharge through the CIPFA gateway."

This fast track allows qualified members of the CIPFA to improve their qualification and obtain full adhesion to CIMA and the CGMA (Chartered Global Accounting Management) designation recognized worldwide.

The new road is open to British and international CIPFA members.

CIPFA members can receive a maximum of 14 exceptions to the new form CIMA Gateway. After going through the exam gateway (also known as a case management review), they can move to the strategic case study review, without going through the three strategic objectives objective tests.

In addition, they will have access to a wide range of student support and study services through the CIMA CIMAconnect online student community.

"CIMA is very excited about the growing collaboration with CIPFA," said Andrew Harding, CEO of CIMA.

"This is an important step in strengthening our partnership with one of the most respected public sector professional organizations. Our CGMA designation is recognized worldwide as the designation of management accountants."

Rob Whiteman, CEO of CIPFA, said: "This historic offering gives CIPFA members a fantastic opportunity to develop their skills in management accounting.

"With the reconfiguration of public services, our members are increasingly working in public settings and organizations require multiple specialized skills across sectors.

"The new route is committed to supporting this initiative by building capacity and maximizing value for employers seeking staff to further their ongoing professional development."

Monday, 26 December 2016

UK – Majority of Accountants not Satisfied With Their Recruitment Partner

Data from the Institute of Accountants Management and the specialist of the Global Network of Accounting Recruitment, 41% of accountants are satisfied with their recruiting partner and almost a third, 31%, say they are "positively" dissatisfied.

The survey, which gathered responses from nearly 8,000 Institute members and student members, revealed that 71% of qualified accountants and 54% of students had prior experience with a selection consultant. The report concludes that levels of satisfaction vary considerably from one sector to another. In banking, for example, 33% of respondents reported being satisfied with their recruiter, manufacturing and engineering, on the contrary, 48% were satisfied with their experience.

When asked dissatisfied with the changes they wanted to see in recruiting partners, the most frequently mentioned suggestions were: "Listen to customer needs" (70%), "better information about jobs and clients' (45%) and "reactivity" (40%). Respondents from the banking sector had "market knowledge" as the third most mentioned improvement.

"At a time when demand for the top talent in accounting is booming, it is a concern that the recruitment sector as a whole does not meet the needs of candidates and clients," said Adrian O Connor.

"When we talk to our network of how they found the other recruitment services, the message is always the same, that other recruiters are not listening to their needs and to be frank with the advice they give, T consider themselves sufficiently informed of the possible functions or Candidates, "O'Connor said. "It's a shame that a percentage of the members of the Chartered Institute of Management Accountants are not satisfied with the service being offered."

"The decision to move to a new employer is often not taken lightly, a new job can really change lives, and recruiters have a professional responsibility to manage the timely and effective process," O'Connor said.

"It is interesting that when asked what are the most important criteria to look for in a recruiting partner, less than one in five (19%) consider a personal recommendation as an important factor. Only a third (32%) believe That the knowledge of the consultants is important.It seems that accounting professionals perhaps should spend more time researching the hiring partner would be better suited to their individual needs before entrusting their careers if they want to avoid future disappointments.

Thursday, 15 December 2016

New Accountancy Business Launches in King’s Lynn

TaxAssist New business accountants dedicated to providing support to small businesses just opened in Lynn.

Simon Hunt, who has been working for more than 20 years in the financial sector, has launched and has hired three members of the team.

Simon, who is a Certified Accountant, said: "I have a strong entrepreneurial spirit and I always wanted to have my own business." After years of working for others and the last three years as an independent financial consultant, I decided it was time To start my own accounting practice.

"Having started my own career apprenticeship accountant and the two qualified full-time I am looking to recruit, I am anxious to employ an apprentice to learn at work and who can support with their AAT studies."

A member of the Chartered Institute of Management Accountants (CIMA) and the Association of Accountants (AAT), Simon opened the office at the King Lynn Innovation Center (KLIC) and plans an official opening event in New Year.

"The office is conveniently located with plenty of free parking, making it accessible to small business owners and, being right next to the A47, it is very well connected by public transport."

Lynn TaxAssist King Accountants specializes in providing accounting, tax returns, payroll, accounting, tax saving and tax advice for small businesses.

Thursday, 8 December 2016

Business Executives Express Strong

Business Executives Express Strong Optimism in U.S. Economy in AICPA Post-Election Survey

According to the American Institute of CPA's (AICPA) Quarterly Economic Outlook Survey, which surveys CEOs, CFOs, regulators and other certified companies, business leaders have reported an increase in optimism about The prospects of the United States economy. Public accountants in US companies that occupy positions of senior managers and executives. The investigation is in the plant the day after the day of the elections.

 Optimism about the outlook for the US economy over the next 12 months rose from 38 percent last quarter to 62 percent, the highest since the beginning of 2015. It had been as low as 28 percent starting in 2016.

The optimism of entrepreneurs to the prospects of their own organizations also reached its highest level (61 percent, 8 percentage points more than last quarter) since early 2015, as well as for-profit expectations and income in the next year. Three out of four respondents said the outcome of the presidential election would impact their planning, budgets and forecasts for next year, with 15% saying it would have a significant impact. But most have said that the election would have no impact on their hiring and capital expenditures, or that they just continue to treat these classes at their current rate for now.

Optimistic about the US economy that have specifically cited election results in the comments said they were encouraged by the possibility of reduced regulation, reduced income taxes and repeal of the Affordable Care Act.

 "We are seeing renewed confidence in the US economy, from the encouraging signs on the prospects for revenue, earnings and business growth in the third quarter," said Arleen R. Thomas, CPA, CGMA, AICPA global bids. "Eliminating the uncertainty that the cycle of presidential elections represented seems to be an important factor in this significant increase in optimism."

The AICPA survey is an indicator for the future after hiring and business-related expectations over the next 12 months. By comparison, the November report of the US Department of Labor, released last week, tracks the recruitment trends of the previous month.

The Outlook CPA index - a complete confidence executive measure within the AICPA survey - rose five points in the fourth quarter to 74, mainly due to higher economic category optimism in the United States. The index consists of nine measures of research also established weighted on a scale of 0 to 100, with 50 considered neutral, that is, the most positive feeling.

 The overall index is at its highest level since the first quarter of 2015 but remains below a peak of the subsequent recession of 78 September in the fourth quarter of 2014. All components of the index increased in a quarter and Were stable or increasing from year to year.

Other key findings of the survey:

1 Expectations for revenue growth over the next 12 months rose 2.9 percent last quarter to 3.6 percent. Earnings expectations increased from 2.3% to 3.1%. Both categories recorded a strong recovery after the first quarter of this year.
2 Approximately 62% of business executives said their companies anticipate they will grow over the next year, as the last quarter.
3 There has been a slight improvement in the plans for the addition of the labor force in the next 12 months, from an expected increase of 1.3% from the previous quarter to 1.6%. One in five business executives said they planned to hire new employees immediately, slightly less than 21 percent in the last quarter. But 55 percent said they currently had just the right amount of employees.
4 Approximately 28% of employers said that inflation was a concern, the highest level since 2014.
5 Regulatory requirements and changes continued to be the main challenge faced by researchers. Costs of benefits were second, a jump of two places compared to the previous quarter. The national economic conditions have completed the first three.


The fourth quarter of the AICPA Survey of Industry Economics Prospects was conducted Nov. 9-30, 2016, and included 600 qualified child protection responses that have post