In this blog post, we will explore some reasons you should be measuring ROI for learning programs, delve into various models for evaluation, discuss challenges that make this analysis difficult, and identify cutting-edge software tools that can assist accounting firms in quantifying the impact of their training programs.
Both enrolled agents and certified public accountants are qualified tax professionals. How one achieves and maintains these credentials can differ from state to state. One of the most important distinctions is what qualifies as “continuing education” to maintain one’s status as an enrolled agent vs CPA.
Introduction: 20-20 Services is thrilled to offer you our first blog written by a strategic partner, Ryan Standil, President of Write To Excite. Ryan helps public accounting firms increase their writing efficiencies, which leads to greater clarity and profitability.
For individuals who aspire to become future partners, it is crucial for accounting firms to proactively foster the development of leadership skills from an early stage. By doing so, the firm ensures these groups are capable of functioning together at a higher level, and the continuity and long-term success of the practice is assured when current leaders eventually transition out of their roles.
Many participants have simply never experienced an engaging, high-quality online training program. Leaders are weighing the benefits of in-person training (like networking and personal interactions) against the cost savings and convenience of virtual training, while often operating under the assumption that the training aspect of the event will automatically be better if it’s delivered in person.
“We’ve just tripled our workforce overseas” is a statement we have heard quite a few times over the past few years. The immediate challenge is providing an offshore accounting staff training program that gets this rapid influx of internationally based employees on the same page with the accounting firm’s personnel in the United States.
Soft skills for accountants are important throughout their careers, but the CAAS professional in particular, needs to become proficient in things like empathy, presentation skills, executive presence, persuasiveness, and flexibility sooner than those who come up through the ranks in audit or tax.
Some firms may view SAS 145’s definitional and procedural changes as simply line items to add to their checklists, but leaders in the profession will understand the changes resulting from the standard are intent on enhancing audit quality to meet the demands of the future.
With so much riding on the training that a firm provides to its professionals, how can learning and development (L&D) teams make the best use of their finite time and resources?
No matter what size firm you look at, there’s always too much work and not enough people. Regional firms face additional challenges with hiring early-career professionals and delivering the accounting training they need to more effectively serve clients. Many of these firms have the flexibility and insights necessary to capitalize on this shift if they consider these three strategies.
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