Accounting
Top stories summarized by our editors
3/23/2017

Character strengths such as perseverance and self-discipline, not cognitive skills, are the true driver of success in life, according to Brookings Institution research. "There is a long research literature on the importance of self-control, or the ability to defer gratification -- a close corollary of our conceptualization of the character strength of prudence," the report says.

More Summaries:
Brookings Institution
3/23/2017

Sometimes CPAs do not realize clients are dissatisfied with their level of responsiveness. To avoid this, experts tout the importance of being receptive, available and approachable.

Full Story:
CPA Insider
3/23/2017

The Accounting and Auditing Organisation for Islamic Financial Institutions, based in Bahrain, has published draft accounting standards for Islamic bonds known as sukuk. The rules cover the treatment of sukuk on balance sheets and the types of disclosures issuers should make.

Full Story:
Reuters
3/23/2017

On average, men discontinue paid work at age 64 and women at 62, but you may be able to retire before then if you follow the right plan. Here are 12 tips to make early retirement a reality.

Full Story:
Money magazine
3/23/2017

Workers in the "gig economy" say that low or irregular income can make it difficult to save for retirement, according to a survey by Small Business Majority. Two-fifths of respondents said they did not have an IRA or other type of retirement account.

Full Story:
CNBC
More Summaries:
Small Business Majority
3/23/2017

To keep up with the rapid evolution in their roles and responsibilities, CFOs must develop the ability to read, manage and leverage emotions to achieve goals.

Full Story:
CGMA Magazine online
3/23/2017

An owner of a medical practice did not have "reasonable cause" for using $100,000 of his own money to pay employees' salaries instead of the Internal Revenue Service. No matter how "admirable" his motives, the owner was liable for the trust fund recovery penalty, a federal court held.

More Summaries:
Internal Revenue Service
3/23/2017

Blue-collar workers tend to report being less happy than white-collar workers around the world, according to a survey of job satisfaction. High pay and good work-life balance are also correlated with job satisfaction, a separate study found.

3/23/2017

On a recent South by Southwest Conference panel, billionaire Mark Cuban asserted that the CPA profession, which is so highly valued now, will be replaced by robots and automation in the future. AICPA employee Lindsay Patterson serendipitously had an opportunity to explain to Cuban in person why he is wrong.

Full Story:
AICPA Insights
More Summaries:
Mark Cuban, AICPA
3/23/2017

Wofse was CFO at Apollo Global Real Estate Management.

More Summaries:
Thor Equities