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Tchotchkes Submission Update and Reminder

In case some of you missed our request last week, or in the event that some of you chose to ignore the request, we are asking for your tchotchke submissions. So keep sending us your pics! You know you have pride in the frivolous junk with your firm’s name on it.
The gimmickyness of this exercise is obvious but if we are forced to discuss the trend of pessimism among CFO’s, a couple things may happen: A) Someone may fall asleep while reading and 2) the vitriol may reach critical mass. Either way, here’s a taste of the submissions we received so far:
8ball.jpg
That’s a KPMG magic 8 ball for those of you scoring at home.
Question: KPMG 8 ball, will Going Concern readers ridicule this post?
Answer: It is certain

BDO Seidman’s Revenue Disappoints Us

weisbaum.gifBDO Seidman’s revenue for the fiscal year end June 30 dropped nearly 6% to $620 million and dammit, we’re disappointed. Sure tax revenue is up 6% but assurance revenue was down 9% and consulting revenue was down over 15%. What’s the reason for this? According to BDO’s CEO Jack Weisbaum it’s…wait for it…yes, the recession. What a news flash.
According to Web CPA, BDO’s revenue breakdown is 60/25/10 for audit/tax/consulting and the remaining 5% is a grab bag of stuff. Point is, BDO is a whore for audit and considering how the whole Banco Espirito thing turned out…
Speaking of Portuguese banks, BDO is still on the hook for $522 million. No word on how that fits into the firm’s plans to bounce back in fiscal year 2010.
BDO Seidman Revenue Falls Due to Recession [Web CPA]

If You’re Bored at Work, It’s Because You’re Boring

bored.jpgAlthough we know that the bulk of you have never been bored at your jobs, there may be a handful of you that think your jobs are bit well, dull. Why is that, ya think?
Is it that you’re surrounded by rubes that can’t possibly appreciate your brilliant insight? Is it because the work you’re shuffling around is for amateurs and you should be promoted to the HMFIC to straighten the place out?
Or maybe it’s because you’re boring. Yes, yes, we realize that’s impossible but Bloomberg has something on it, so there must be something to it.
According to Susan Cramm, you’ve got only yourselves to blame for three reasons:
• You’re on autopilot – Staring at the same spreadsheets week after week, month after month, you’re bound to get bored.
• Your energy level is less than impressive – That Chipotle you inhale everyday doesn’t help.


• You’ve become a conformist – You’ve accepted the notion of “that’s the way things are done here”. Even it that “way” is done piss-poorly.
The solution? Cramm says you need to mentally fire yourself and act like you’re a newbie again. In other words, have a really awkward conversation with yourself (not a stretch for some of you), then observe the interns and take their lead. Apparently, nothing will improve your boring self more than embracing that go-getter attitude again. Great, that’s not annoying.
Vote on your boredom level below and if you just woke up from a nap, change thee ways.