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NextGen Magazine

 
 

  • Study: Mobile Payment Users Make More Financial Mistakes

    By:
    Chris Gaetano
    |
    Nov 12, 2018
    A recent study of millennials has found that the rise of mobile payments as an alternative to methods such as cash or credit cards has led to a rise in basic financial mistakes. 
  • Master's Programs in Accounting Decline as Those in Data Analytics Increase

    By:
    Chris Gaetano
    |
    Nov 9, 2018
    A survey of business master's programs across the world has found a sharp decline in demand for graduate-level accounting degrees along with a sharp spike in demand for data analytics degrees. 
  • Study: 12 Percent of Midsize Finance Companies Still Use Expense Reports Filled out by Hand

    By:
    Chris Gaetano
    |
    Nov 7, 2018
    While discourse today is dominated by talk of web-based digital solutions to everyday business needs, a recent survey has found that at about 12 percent of midsize finance firms, employees still fill out expense reports with pen and paper. 
  • National Association of Black Accountants Accepting Scholarship Applications

    By:
    Chris Gaetano
    |
    Nov 6, 2018
    The National Association of Black Accountants is now accepting scholarship applications from young students looking to enter various accounting, finance and business professions. 
  • Study: 'Masculinity Contest Culture' Toxic to Organizations

    By:
    Chris Gaetano
    |
    Nov 5, 2018
    A recent study outlined in the Harvard Business Review found that organizations that have what researchers called a "Masculinity Contest Culture" tended to produce toxic leaders, low psychological safety, low work and family support, sexist climates, harassment and bullying, higher burnout and turnover rates, and higher rates of illness and depression among both male and female employees. 
  • Millennials More Open About Salaries Than Boomers

    By:
    Chris Gaetano
    |
    Nov 2, 2018
    A recent survey has found that only about 18 percent of people from the baby boomer generation share their salary details with co-workers versus millennials, about 30 percent of whom are open with such information. 
  • One CPA in the Vanguard: Rumbi Bwerinofa-Petrozzello Is Emblematic of the CPA of the Future

    By:
    Chris Gaetano
    |
    Nov 2, 2018

    The stereotypical CPA as envisioned by the media—the milquetoast dork with few social graces, passionate about numbers and little else—has rarely been an accurate portrayal. And few CPAs defy that image more than Rumbi Bwerinofa-Petrozzello. Bwerinofa-Petrozzello does not work at a public accounting firm. In fact, she does not work in an office at all. Her firm, Rock Forensics, LLC, a forensic accounting consultancy, is entirely virtual, going wherever she goes—and that can be all over. Still, while not a complete anomaly within the accounting world, she nonetheless stands in the vanguard of a rapidly changing profession, enthusiastically embracing a future that others approach more cautiously.

  • Corporate Board Turnover, Even At Record High, Is Still in Single Digits

    By:
    Chris Gaetano
    |
    Nov 1, 2018
    This year saw more turnover at S&P 500 corporate boards than any year since 2004, but even with this record-breaking year, the fact remains that the vast majority of board members have stayed put and don't seem to be leaving anytime soon; the low rate of turnover has stymied certain efforts toward diversity and inclusion. 
  • This Year's Halloween To Be $9 Billion Affair

    By:
    Chris Gaetano
    |
    Oct 31, 2018
    The National Retail Federation estimated that Americans will spent $9 billion on Halloween this year. 
  • Social Media Influences Purchases, But Not Always in Budget-Friendly Way

    By:
    Chris Gaetano
    |
    Oct 30, 2018
    Social media has expanded our tendency to keep up with the Joneses from our neighborhoods to the whole world, but this can mean budget-busting purchases as people attempt to keep up with a higher standard than they can afford. 
  • Even After Fix, Federal Loan Forgiveness Program Rejects 90 Percent of Applicants

    By:
    Chris Gaetano
    |
    Oct 29, 2018
    Earlier this year, Congress reformed a federal student loan forgiveness program after reports emerged that 99 percent of applicants get rejected. While the new program has made some improvement, it still rejects about 90 percent of applicants. 
  • Study: Finding Your Manager Makes More Than You Expected is Motivating; Finding the Same About Peers is Demotivating

    By:
    Chris Gaetano
    |
    Oct 25, 2018
    A study featured in the Harvard Business Review reports that when employees find out that their managers make more money than they initially guessed, they work harder and become more productive, but that when they find out that peers make more than they initially guessed, the effect is the opposite. 
  • With Less Capital to Work With, Female Entrepreneurs Pay Themselves Less Than Male Counterparts

    By:
    Chris Gaetano
    |
    Oct 24, 2018
    A recent study has found that female entrepreneurs pay themselves much less than their male counterparts pay themselves, which might be attributable to the women having less access to venture capital and other funding sources. 
  • Gauging the Strength of the CPA Pipeline

    By:
    Zach Simeone
    |
    Oct 23, 2018

    The choice to become a CPA is a significant one. Weighed against the time, expense and hard work involved in taking the CPA exam are the many benefits of the profession. But some accountants have recently found remunerative work without becoming CPAs. This development has prompted many leaders of the profession in recent years to worry about the stability of the CPA pipeline and whether the supply of CPAs will continue to meet the demand.

  • On Japan's Hometown Tax Initiative

    By:
    Chris Gaetano
    |
    Oct 23, 2018
    For the few people in this world who find tax policy really, really fascinating (there are literally dozens of us!), Japan's Hometown Tax System presents an interesting attempt to solve the problem of having a few highly productive economic regions amid many depressed ones, a problem that other nations face as well. 
  • Love Your Job but Hate Your Coworkers?

    By:
    Chris Gaetano
    |
    Oct 22, 2018
    Surprisingly enough, not everyone gets along with other people, even—or sometimes especially—if they work together.  But even if you dislike a coworker, you've both still got a job to do, so there are steps you can take.
  • Starkist to Plead Guilty for Role in Tuna Cartel, Will Be Fined $100 Million

    By:
    Chris Gaetano
    |
    Oct 19, 2018
    In a move that would likely be hailed by house cats everywhere, if they could talk, canned fish company Starkist has agreed to plead guilty for its role in a scheme with other major brands to keep prices of canned tuna artificially high.
  • Spam Phone Calls Increased by 50 Percent in Six Months

    By:
    Chris Gaetano
    |
    Oct 18, 2018
    Spam phone calls have spiked this year, increasing by 50 percent between February and July. 
  • Speaker: Bitcoin Becomes Security Battleground as Cryptocurrency Grows in Popularity

    By:
    Chris Gaetano
    |
    Oct 18, 2018
    While advocates of the popular digital currency bitcoin have emphasized its increasing presence in the legitimate economy, the extreme difficulty of linking transactions with individual users means it remains a favorite of cybercriminals invested in maintaining their anonymity. Speaking to an audience at the Foundation for Accounting Education's Business and Industry Conference on Oct. 17, Steve Stasiukonis, president of cybersecurity consulting firm Secure Network Technologies, explored some of the security implications behind the rise of cryptocurrencies such as bitcoin.
  • Poll: 76 Percent of Workers Have Been Exposed to a Toxic Boss

    By:
    Chris Gaetano
    |
    Oct 16, 2018
    A recent poll found that a lot of people don't think too highly of their boss, as 76 percent said they either are, or recently have been, managed by a boss they considered toxic.