Earlier in the week we told you about DB brokering a new venture. We’re happy to report that it is up and running with all the proceeds going to charity. For you cheapskates out there, don’t get your panties in a bunch, as we’ve got it on pretty good authority that it’s a 501(c)(3) organization. That’s right, we cited the code.
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Mentors are Your Friends…Right?
The WSJ has a little Q&A about how to handle the sitch of a not so great mentor. Since mentor/mentee (use whatever internal buzzword that applies) relationships seem to be ubiquitous in accounting firms we thought that this may be of some interest to you.
More, after the jump
We, personally, cannot fathom an instance where any of you would go out and find yourself a mentor that you wouldn’t burn the town with but maybe you don’t get to make that choice. Or, maybe, since accountants seem to be gluttons for punishment, you picked a mentor that you thought would help your career and it turned out to be a HUGE MISTAKE.
If you’re not choosing your own mentors then it’s an absolute certainty that there have been scores of awkward and borderline inappropriate encounters experienced by you.
Or maybe we’re dead wrong and mentoring just involves spending exorbitant amounts of your firm’s money on U2 tickets and bottle service. Either way, discuss your awesome exploits with your mentors or your complete nightmare, creep-out sessions.
Grant Thornton Survey: 40% of CFOs Never Ever Ever Want IFRS to Replace GAAP
All this IFRS hubbub is going to be expensive and time consuming anyway so let’s just forget it, shall we?
Eh, not so fast, IFRS haters. The remaining 60% of the respondents did state that they thought that IFRS should be required at some point in time, including 7% that want it ASAP, thanks.
Part of the resistance may be that lots of CFO/controller types have got no idea how IFRS is going to affect their company’s reporting. GT’s survey shows that 90% of the respondents don’t use IFRS currently and earlier this summer another survey cited that many CFOs weren’t even sure how IFRS would affect their reporting.
The IASB is clearly serious about the whole thing, and the FASB, while less excited, seems to be on board, along with big shots like Jim Turley. Finance execs can stall all they want but eventually IFRS will be all up in their business. Probably should get crackin’.
40% of U.S. senior financial executives don’t want IFRS to replace GAAP [GT Press Release]
Is the Era of Work/Life Balance Over?
Did it ever exist? We hope accounting firms have gotten their act together and don’t have to resort to more layoffs even though rumors still persist.
Whether the shooting is over or not, it’s a pretty sure bet that, at the very least, lots of you are doing the same amount of work with less people on your team. So any illusions you had about work/life balance before have progressed to full blown poppycock.
The question remains though, is your firm still pitching this as one of their “core rhetoric values” (insert respective buzzword)?
Continued, after the jump
Call us idealistic but it seems that with everything that has happened over the last 12-18 months, most firms would want to level with their employees. You know, give them the straight shit:
“Look, we’re really sorry but we’ve got to drop this whole work/life balance thing. We just can’t keep a straight face any more.”
It’s a very tricky situation that firms find themselves in since recruiting is in full swing. Painting the rosy picture for the recruits but leveling with current employees at the same time? Is this even possible?
What’s your firm’s latest message? Are they still encouraging the work/life balance or has slowly reached the “not applicable” stage? Did it ever exist for you at your firm or have you been deleting those emails since the day you walked in the door because you knew it was bupkis? Discuss in the comments.