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NextGen Magazine

 
 

  • Oh, the accounting games we play

    By:
    Michael Kraten, CPA, Ph.D.
    |
    Oct 1, 2015

    Do you remember how you first learned to tie your shoes? Your parents probably made a game of it. Cross the strings and over the top, then pull the ends and tighten them up! You can make a game out of just about anything. Believe it or not, you can even make a game of learning about accounting standards and audit practices—various educational games about the profession are now available for college credit and included in CPE courses.Two years ago, for instance, I won the Innovation in Teaching Award at the 17th Annual Symposium on Ethics Research in Accounting for creating a live, multi-player online video game entitled “Audit Experience!” (See above for a screen shot.) Situated on the Second Life virtual world platform, the game challenges professional audit staff to investigate the disappearance of organically grown grain at a flour mill during a year-end inventory count.
  • Could This Show be the CPA Version of Grey’s Anatomy?

    By:
    N. Sheree Saunders and Jason Wong
    |
    Aug 31, 2015
    Can Shonda Rhimes' The Catch do for the profession what  Grey’s Anatomy did for surgeons or Scandal did for politicos?  

  • How Not To Get Hired

    By:
    Jason Wong
    |
    Oct 1, 2015

    We asked hiring managers about the worst gaffes job candidates have made during the interview process. Here's what they told us. 

  • How Much Does the Boss Make Compared to You? SEC Finalizes Rule to Find Out

    By:
    Chris Gaetano
    |
    Aug 17, 2015
    The Securities and Exchange Commission has approved a rule that mandates public companies disclose how much money their CEO makes compared to the average employee. The rule, part of the Dodd-Frank Act, requires companies to disclose the median of the annual total compensation of all its employees save the CEO, the annual total compensation of its CEO, and the ratio of those two amounts. 
  • Organize Your Time Like a Pro

    By:
    Jason Wong
    |
    Oct 1, 2015

    Everyone’s had days where they feel like there’s an endless and nigh-insurmountable list of tasks to accomplish. While sometimes that’s unavoidable (hello, busy season), there are ways to build a time management system that cuts down your stress. LinkedIn and Inc recently offered some advice on how to better organize your schedule, which we boiled down into a few simple dos and don’ts. 

  • How to Land a Great Mentor

    By:
    Jason Wong
    |
    Aug 18, 2015

    It might seem like people find excellent career mentors through some random combination of luck and fate. And sure, there are a fortunate few who went to high school with the Mark Zuckerbergs of the world or whose families have amazing connections. But, for the most part, finding the best mentor is really just a matter of being proactive. Here are some tips for getting started from Entrepreneur:

  • 10 Reasons Why You Can’t Miss the NextGen 2015 Conference

    By:
    Jason Wong
    |
    Jul 30, 2015

    You've got your eye on a managerial role and big plans to take over the C-suite. Or maybe you’re an entrepreneur at heart with dreams of starting your own firm. Whatever the goal, you’ll need resources and a real, workable plan for getting there—and that’s where NextGen 2015 comes in.

  • How to Get Everything You Can From a Conference

    By:
    Jason Wong
    |
    Jul 29, 2015
    Got your calendar open? We’re shifting into high conference season at the NYSSCPA—from now through the end of the year, there are about 20 events you can sign up for, including next week’s #NextGen Conference.  In networking terms, that translates into about 20 opportunities to make contacts that could help you down the line. We drilled experts for advice on how to really work the room during a conference, or any other professional event, in this issue of NextGen magazine, and the good folks at Harvard Business Review also shared a few dos and don’ts in a recent post online. 
  • Poll: CFOs Avoid Social Media, Prefer Email

    By:
    Chris Gaetano
    |
    Oct 1, 2015
    A recent poll shows that if you want to reach a CFO, you probably shouldn't go looking for them on Facebook or Twitter, as only 18 percent prefer to use social media to keep up with colleagues versus email, according to the Wall Street Journal. This is a dramatic drop since the last time the poll was taken in 2012, when 45 percent of CEOs said they prefer social media. So what is the best way to contact a CFO in 2015? Apparently email: 50 percent use it as their primary professional networking method, according to the survey. 
  • The One Word That Could Change Your Professional—and Personal—Life For the Better

    By:
    Somya R. Munjal, CPA, MBA, MAS
    |
    Jul 27, 2015
    According to Dictionary.com, sincerity is defined as freedom from deceit, hypocrisy or duplicity, as well as integrity in intention or in communicating. When you think about it, that’s both a powerful way of doing business and the key to living a purposeful life. Imagine a world where everything you heard was actually true, and every time you communicated, someone listened to you with an open heart. Unfortunately, in business and elsewhere, we often don’t see that kind of sincerity. For many of us, it’s all too easy to become jaded or cynical about what we can expect from others or what we should give of ourselves.
  • Study: Just Because You're Not Looking at Your Phone Doesn't Mean It's Not a Big Ol' Distraction

    By:
    Chris Gaetano
    |
    Jul 23, 2015
    Instead of just putting your phone on vibrate, maybe it would be best to just put it in a drawer and forget about it: according to a recent study, just knowing you have a notification on your phone, even if you don't check to see what it is, can still be a productivity-disrupting distraction. 
  • Want Your Cover Letter to Stand Out? Avoid These Openers

    By:
    Jason Wong
    |
    Jul 10, 2015

    Standing OutYou may think that a cover letter is a small formality in the job application process, and that in terms of importance, it doesn’t matter as much as your resume. Experts suggest that the truth is a little more complicated; yes, credentials and past experience are important, and they let your potential employer know that you are capable of doing the job that they’re hiring for. What a cover letter does, however, is let them know why you in particular are the right candidate for the job.  So what can you do to keep your foot in the door? Forbes has a few common openers to steer clear of:

     

  • New Generation of Younger CEOs Changing Definition of Business as Usual

    By:
    Chris Gaetano
    |
    Jul 9, 2015
    The Wall Street Journal reports that top executives, including CEOs, are increasingly drawn from people in the set typically thought of as Generation X.
  • Guest Blog: Can Accountants Save The Planet?

    By:
    Michael Kraten, CPA, Ph.D.
    |
    Oct 1, 2015

    Although I harbor no illusions that the producers of the Avengers will add a CPA to their team of super heroes in the near future, the work I do makes a difference.

  • Deloitte Poll: Millennials Seek Sense of Purpose in Work

    By:
    Chris Gaetano
    |
    Jun 15, 2015
    A recent poll conducted by Deloitte says that the vast majority of millennials want more than a paycheck from their employer: they want the work to be meaningful, they want the company to be ethical, and they want more focus on staff development. 
  • Just One More Reason Why it Pays to Be A NextGen CPA

    By:
    Jason Wong
    |
    Jun 10, 2015

    Up-and-coming CPAs: You’re a hot commodity. In fact, according to a new report by the staffing agency Robert Half and the Financial Executives Research Foundation, larger companies are so eager to find—and keep—top accounting talent that staffing costs have risen in relation to recruiting, salary and benefits.

  • Guest Blog: Our Three Dimensional Future

    By:
    Michael Kraten, Ph.D.
    |
    May 25, 2015
    If you’re just now establishing a career in public accounting, and you’re harboring the mistaken impression that the accounting model hasn’t changed in half a millennium, think again! 
  • Companies Looking for More in Junior Accountants

    By:
    Jason Wong
    |
    May 20, 2015

    These days, even entry-level accountants must have a wider range of technical and communications skills in order to get a foot in the door, according to the Wall Street Journal. Why are companies looking for more from their lowest rungs? According to the outlet, it’s a result of the changing role of the CFO; as the position becomes “less numbers-oriented and more strategic,” CFOs are looking to hire people who not only have initiative and can analyze data, but also possess leadership, forecasting, strategic thinking, cost management, and financial reporting skills. 

     

  • Thriving Under Pressure: How to Think Fast

    By:
    Jason Wong
    |
    May 19, 2015

    If you find it difficult to think quickly under pressure or when hit with a barrage of questions, don’t sweat it. According to Inc, there are ways to cultivate that skill, even if your M.O. is to slowly work your way through a problem. Here are some of the website’s suggestions:

  • Accounting Rap Videos: More Than You’d Expect

    By:
    Jason Wong
    |
    May 12, 2015
    No, that’s not the latest Onion headline. If you’re curious, like we were, about the kind of results you’ll get searching for the term “accounting” in YouTube, one unlikely answer is rap videos. In the past few years, several have turned up on the site and they’re still getting their fair share of attention—two have 20,000 views, while a third has been watched over 350,000 times. Apparently, there’s an audience for accounting class video projects. Here are the highlights. While you’re watching, don’t forget to check out the NYSSCPA’s YouTube channel, although we can’t promise you musical numbers.