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A Better Way to Gauge Profitability

EXECUTIVE SUMMARY Return-on-equity (ROE) is the correct profit metric to evaluate the performance of a business. However, the primary emphasis on financial ratio analysis must be on operating performance. The “advanced” version of the DuPont model remedies the original model’s failure to cleanly separate the effects of operating and financing...

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PROFESSIONAL ISSUES
Tommye E. Barie, CPA

Making a positive impact

The AICPA’s 102nd chair, Tommye E. Barie, CPA, will focus on helping the profession deepen its relevance and rigor while extending its reach.

PRACTICE MANAGEMENT
Succession challenges for U.S. CPA firms to tackle

Succession challenges for U.S. CPA firms to tackle

U.S. public accounting firms must tackle five challenges in their succession planning to fill the gaps left by Baby Boomer partners who have begun to retire, according to results from a Global Accounting Alliance survey.

PROFESSIONAL DEVELOPMENT
Thomas Rhine, CPA, CGMA

Second act: Consulting

Learn how to successfully make a late-career transition to consulting, from CPAs who have done it.

TECHNOLOGY

Expanding your app-titude

A monthly look at mobile apps that can make the CPA’s job and life better. This month: If this, then that (IFTTT): Create “recipes” for success…Consolidate your cloud storage with cloudGOO

PROFESSIONAL ISSUES

Balance, teamwork part of vision for future

A team-oriented work culture and work/life balance are keys to keeping young CPAs engaged in the profession, says Jennifer Highsmith, a senior audit associate in Florida who became the AICPA’s 400,000th member.

SPONSORED REPORT

Be prepared for tax season early

Our expert tax report highlights the important issues that tax preparers and their clients need to address for the 2024 tax year. Stay informed and proactive with guidance on critical tax considerations before year-end.