September 2014 Best Practice Suggestions
Every month we select some of the best ideas for practice improvement from the accounting literature. Here are this month's selections.
BEST PRACTICE
LINK TO ARTICLE RESOURCE IN CPA LEADERSHIP REPORT
DATE OF ARTICLE
Is your firm committed to strategic planning?:
- Brainstorm the vision, don't stop here.
- Create SMART (specific, measurable, attainable, realistic and time-bounded)goals to achieve the vision.
- Implement and monitor progress toward goals.
September 2014
Learning Styles: Understand employees' learning styles to design more effective training and continuing education programs.
- Diverging - concrete experience with reflective observation.
- Assimilating - reflective observation and abstract conceptualization.
- Converging - abstract conceptualization with active experimentation.
- Accommodating - combine concrete experience with active experimentation.
September 2014
Two theories of value: Notice how value pricing turns the order of cost-plus pricing inside-out, by starting with the ultimate arbiter of value – the customer:
Cost-Plus Pricing – Labor Theory of Value
Product » Cost » Price » Value » Customers
Pricing On Purpose – Subjective Theory of Value
Customers » Value » Price » Cost » Product
September 2014