A blog for and by a community of professionals
By Matt Wilson, CPA, MSA, CGMA
The accounting profession is both difficult and rewarding. One of the major hurdles firms have is investing in staff training and retention. Accounting firms are successful in providing challenging and rewarding career opportunities for young staff, but that can go only so far. Our young staff needs to develop the soft skills necessary to make public accounting a lasting and meaningful career choice.
CalCPA has several programs to assist with leadership training for all levels of staff on a local and statewide level:
As you can see there are many programs available to assist individuals and firms with growth and leadership. Watch for applications to become available for each of these programs in the coming months. I look forward to seeing many of you at these events throughout the year. Lead on!
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At a recent meeting for chapter past presidents, the topic of retired status came up. This is not to say that all past presidents are one step away from retirement, but questions were raised. So, to answer most all of the questions regarding this issue, I went to our California Board of Accountancy website. The CBA is the gatekeeper of our CPA licenses in whatever status they may be. You can download a copy of retired status rules from the CBA website. It’s complete except for one key question: If you have a retired status CPA license, what can you put on your business card, letterhead, etc.? If you’re truly retired, most likely you’re not giving out business cards or letterhead. But, since the question was raised, here’s the answer.
The holder of a license in a retired status—when using the CPA designation, or any other reference that would suggest that the person is licensed by the CBA on materials such as correspondence, websites, business cards, nameplates or name plaques—must place the term “retired” immediately after the designation. For those who love research, this can be found online.
Finally, for those needing to discuss this and any other licensing question, such as the five-year program (150 semester hours), contact Gina Sanchez at the CBA via email or call (916) 561-4376.
Clients trust you, their CPA, to advise them on most financial matters—even when it’s an area outside of your specialty. How do you respond to their questions about their fixed income investment holdings, especially considering the market climate of fixed income? Fixed income investors typically need to generate portfolio income, but they don’t always understand the risk related to those investments. They are often accepting more risk than they realize without receiving rewards for such risk.
This course is not designed to teach you how to be an investment adviser; however, it will show you some very important areas of concern regarding fixed income, and show you how you can add value for your clients by being aware of the academic research in the area of fixed income. You’ll learn that all fixed income strategies are not alike, and you’ll be able to offer educated responses to client questions to help them make informed choices for themselves. Advisory services may only be offered by investment adviser representatives in conjunction with the firm advisory services agreement and disclosure brochure as provided.
Learn more and register.
Our third Managing Partners Roundtable will be held Thursday, June 18. The springboard for our discussion will be a review of the results of the PCPS and CPA Top Issues Survey. This survey is conducted biannually and gathers information from practitioners across the country representing firms of different sizes.
Time: 7:30–9 a.m.
Location: Village Grill; 148 Yale Ave.; Claremont
Cost: $15/members; $25/guests (includes breakfast)
CPE: 1 hour
Join us as Bruce A. Gray, CPA, CGMA, former chair of the CalCPA Technology Committee, discusses tech updates and tools that will help us sharpen our CPA skills.
Gray is a partner at Gray, Salt & Associates, LLP, has been in practice for 30 years and is a member of the chapter’s board of directors.
Despite the hours and hours consumed by the financial year-end close process every year, there’s no mystery in the mastery of year-end close. Come learn some tips, share your knowledge and discuss upcoming challenges related to new GASB pronouncements and reporting requirements.
Join the governmental accounting and auditing group for this informative session.
California CPAs, educators, nonprofits, community volunteers, legislators and financial professionals will come together July 30 with a common goal—to improve financial literacy. The 2015 California Financial Literacy Summit at the San Jose Marriott will provide free educational resources for teachers, volunteer training and opportunities to build connections within the California community to promote financial education and focus on how we can empower the next generation to better manage their finances through education.
Register today for this free event, which provides three hours of CPE.
Our special thanks to the following sponsors for their generous support:
CalCPA Education Foundation
California Teachers Association
California Jump$tart Coalition