The AICPA and the London-based Chartered Institute of Management Accountants (CIMA) are proposing forming a joint venture to develop and promote a new global management accounting designation. The joint venture is designed to give management accounting a higher profile in the United States, advance the science of management accounting worldwide, and promote the U.S. CPA designation as a worldwide standard of professional excellence in accounting, according to a press release from the organizations. [JofA]
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Job of the Day: Deutsche Bank Needs Your GAAP and IFRS Knowledge
Deutsche Babk need someone to join their Finance Division; preferably someone that has knowledge of both U.S. GAAP, IFRS and bonus points for you if you know anything about German HGB accounting.
The position requires at least four years experience and a CPA/MBA is desirable.
Get more details after the jump.
Company: Deutsche Bank
Title: Finance Manager – VP
Location: New York, NY
Experience: 4 – 8 years
Selected responsibilities: All DB legal entity financial reporting for a number of subsidiaries supported in DE. This includes all general ledger balances, and reporting oversight for risk, intercompany reconciliation, regulatory and management purposes; Requires compliance with corporate and regulatory policies. Must be able to identify when a transaction may impact certain key policies, and know when to refer issues to key contacts in treasury, accounting policy, legal, tax and regulatory areas; Work with Accounting Policy and DB Advisory to properly apply GAAP (Generally Accepted Accounting Principles) and IFRS (International Financial Reporting Standards) to transactions initiated by business lines that will be recorded on legal entities.
Qualifications: BS/BA Accounting and 4-8 years work experience in financial accounting; CPA or MBA is desirable, but equivalent experience acceptable; Experience with SAP, Essbase and or BCS (Business Consolidation System) a plus; Good knowledge in IFRS GAAP and/or US GAAP needed. Any knowledge of German HGB accounting standards a big plus.
See the entire description over at the GC Career Center and visit the main page for all your job search needs.
Job of the Day: Ready to Be the Director of Finance?
After graciously making room for our advertisers yesterday, the Job of the Day returns with a Director of Finance position in New York City through MJ Boyd Consulting.
The position requires someone with a minimum of ten years experience and responsibilities include GAAP and Sarbanes-Oxley compliance, along with overseeing the financial reporting process.
Get more details on this position after the jump.
Recruiter: MJ Boyd Consulting
Title: Director of Finance
Location: New York, NY
Description: Ensuring financial statements are in accordance with GAAP, reporting company performance, and identifying opportunities, risks, and cost cutting initiatives.
Responsibilities: Prepare annual budget, monthly forecast, and other financial reports as needed; define and analyze key areas of the business, including product profitability and student retention; provide financial advice and guidance to senior management; contribute to strategic planning and development as member of management team; ensure compliance with GAAP; ensure compliance with Sarbanes-Oxley; support monthly financial close; balance sheet and P/L analysis, reconciliation; enhance financial analysis and reporting; interact with Corporate Accounting; develop cost reduction and cost management initiatives.
Qualifications: Bachelor’s degree in Accounting or Finance required; CPA qualified, Masters preferred; Strong understanding of GAAP and its application to business issues; 10+ years progressive accounting/finance experience, including strong operating unit experience; exceptional analytical and financial analysis skills; strong computer aptitude and proficiency, including expert Excel skills; reporting functions will require ability to quickly obtain Oracle General Ledger mastery, as well as proficiency querying a number of Oracle and proprietary databases using SQL.
See the entire description over at the GC Career Center and visit the main page for all your job search needs.
Are Accountants Willing to Trade Salary for a Four-Day Work Week?
Apparently! Our sister from across the pond has gotten over their Royal Wedding hangover to report that two-thirds of “finance professionals” would take less money if they were allowed to skip one day a week:
It seems that finance professionals are getting a taste for a more balanced lifestyle after the recent spate of bank holiday weekends. According to a recent survey, two-thirds of accountants would be happy to give up some of their salary to enjoy a four-day working week.
A survey of 2,882 finance professionals conducted by recruiter Marks Sattin found that 66% of respondents were more attracted by the prospect of a four-day working week and would be willing to sacrifice up to £11,000 a year [about USD $18k] to achieve a better work-life balance.
Only 6% said they are less attracted to a four day week than this time last year, while just over a quarter of respondents said they felt no differently.
Marks Sattin managing director Dave Way commented, “Appetite for a greater work-life balance is a sure indication that people feel more secure in their jobs. Since the recession, people have had to knuckle down and work harder. But as the economy picks up and there is less pressure on employers to make redundancies, people are increasingly prioritising a work-life balance.
Of course what isn’t mentioned is that even with a four-day work week, a number of people would just end up working longer hours on those four days and would spend a portion of their free day checking email and other various work-related activities. In the Big 4 (and the rest of the top 10-20 firms) however, there are people who are completely satisfied with the status quo and others willing to give their lives for the firm, so there’s little chance that you’ll see a big shift in culture. That said, it’s a question worth putting out there – would you take less money to work four days a week? Tell us below.