APRIL 2012 BEST PRACTICE SUGGESTIONS
Every month we select some of the best ideas for practice improvement from the accounting literature. Here are the selections for April 2012.
BEST PRACTICE
LINK TO ARTICLE RESOURCE IN CPA LEADERSHIP REPORT
DATE OF ARTICLE
Management/People/Culture
Partner Agreements: Should prohibit partners from drawing more than their allocated income, should not discriminate against new partners voting rights, should not have too much detail on income allocation.
April 2012
To Be a High Value Firm Requires: Strong leadership, talented people, continuous upgrade of client base, rewards for high achievers, strong niches, leading edge technology.
April 2012
Be a Consultant: Adds profits, differentiates the firm, helps staff utilization in off season, helps recruit and retain employees. Obtain consulting skills through outside hiring, merger, alliances, and inside training.
April 2012
Requirements to be a Partner: Vision self-awareness, ability to lead a team, ability to bring in business.
April 2012