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Accountants - beBee

Accountants

5K buzzes
Official Accounting hive on beBee. Connect with people in your field and exchange information, knowledge and professional opportunities.
Buzzes
  1. ProducerAnders Liu-Lindberg
    Creative Accountants Are No Longer Banned
    Creative Accountants Are No Longer BannedIf I say the words “Creative Accounting” most people within the finance profession immediately think of Enron and it’s most certainly associated with something negative. According to Wikipedia, it’s defined as follows. “ Creative accounting is...
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  2. ProducerAnders Liu-Lindberg
    What Accountants Must Do To Stay Alive
    What Accountants Must Do To Stay AliveAccountants, bookkeepers and the likes are at a more than 90% risk of dying i.e. being replaced by automation. This is not new information and in fact, the study citing above risk is from 2014 and if you’ve read some of my previous articles you...
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  3. BINDESHWAR PRASAD
    BINDESHWAR PRASAD
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  4. ProducerAnders Liu-Lindberg
    Bad Data Kills Great Finance Professionals
    Bad Data Kills Great Finance ProfessionalsYour adrenaline is pumping and you’re up next to present your numbers to the senior management team. You’ve been working so hard to get to this point and you know there are no two chances with these senior executives. This is it. You put your...
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    Comments

    Sankar Narayan
    22/11/2016 #1 Sankar Narayan
    In sum and substance "Perception-perfect is the secret of excellence in professional performance " irrespective one's position in any organization
  5. ProducerAnders Liu-Lindberg
    How Finance People Can Be More Successful
    How Finance People Can Be More SuccessfulI’m sure if you ask finance people if they wouldn’t mind improving their chances of career success they would almost all respond with a resounding YES! The big question is, of course, how? I will explore this topic in my new series aiming at giving...
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    Comments

    mohammed khalaf
    14/11/2016 #1 mohammed khalaf
    good advise but I thinking unfortunately attentive listening has become a rare commodity. For that reason, a good listener stands out and makes a lasting impression
  6. ProducerAnders Liu-Lindberg
    Death By Data Or The Death Of Data?
    Death By Data Or The Death Of Data?Data is dead! Or at least that’s what a lot of people will tell you in the wake of Donald Trump’s victory and Brexit before that. We used to be able to put a lot of trust in data provided to us by large polling agencies and other providers of...
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    Comments

    Anders Liu-Lindberg
    14/11/2016 #7 Anders Liu-Lindberg
    #5 Well Robert it's a sample size issue of the sample is too small and the margin for error is too big. That renders the poll practically useless.
    Anders Liu-Lindberg
    14/11/2016 #6 Anders Liu-Lindberg
    #4 Robert, I think that's probably stretching the truth to say they were all spot on. No one had predicted such a landslide victory for Trump.
    Robert Bacal
    13/11/2016 #5 Robert Bacal
    #2 @Anders Liu-Lindberg The issue isn't sample size. Sample size determines the margins for error, which are reported for reputable polls. Smaller the sample, larger the potential error.

    HOWEVER, sample size is determined mathematically, given how willing you are to tolerate different levels of error. It's not a "oh, let's talk to 1,00". It's what is the lowest number of people to sample if we want x level of error.

    Sample size is less important than whether the sampling is done correctly, and in truth, there is no single methodology to sample a population. There are multiple ways, including randomized samples, stratified sampling according to demographics, etc.

    So, sadly, most lay people don't have even a basic grasp of probability, statistics, etc, so polls are going to seem a complete mystery.
    Robert Bacal
    13/11/2016 #4 Robert Bacal
    Many of the polls were spot on, if you consider the margins of error reported, usually + - 3% but sometimes as high as + - 6%. Electoral college votes are not amenable to polls for obvious reasons.

    Finally, consider that probability tells us that for every x number of polls, all things being equal, that a certain percent, (depending on sample size, etc) will ALWAYS be wrong, just by chance.

    And finally, keep in mind that polls done by partisan entities have a vested interest in (usually) finding their preferred candidate in the lead.
    Yankee Mountain
    13/11/2016 #3 Yankee Mountain
    #1 Mr. Friedman you are correct. I am aware of only one medium sized poll that accurately projected the outcome (prior to changing their "algorithm") and that is Reuters. A large sized poll solicited 50,000 Americans , they were correct also. And, of course Wikileaks giant poll of +117,000 Americans was correct.

    But beyond polls , actions speak louder than words. Had the political pundits looked at YouTube , they would have quickly realized that most of America was enjoying and following Trump's messages at +-5 to 1 ratio against Clinton.
    Anders Liu-Lindberg
    11/11/2016 #2 Anders Liu-Lindberg
    #1 Yes @Phil Friedman I certainly believe that's part of the problem. I saw most of them used samples of around 1,000 people. That's crazy when trying to predict what 100+ millions will vote. Even in Denmark where they also use 1,000 people in a sample they can be quite off.
    Phil Friedman
    11/11/2016 #1 Phil Friedman
    Several very good points, Anders. Do you think that, perhaps, part of the problem may also be the attempt to extrapolate results from ridiculously small samples?
  7. ProducerAnders Liu-Lindberg
    Why Transforming Finance Matters
    Why Transforming Finance MattersNot long ago I finished my latest series about how the CFO can transform the finance function end to end with a specific step by step guide on how to do it. However, there’s a bigger question that needs to be answered and that’s WHY. Why does...
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  8. Emily Overson

    Emily Overson

    07/11/2016
    Emily Overson
    Andrews: Trump or Clinton will be President. Here's how to decide who to vote for. - Yellowhammer News
    yellowhammernews.com My name is Andy Andrews. I am a husband and a father. I have written several books, a couple of which have been moderately successful. In a national discussion...
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  9. Bert Purdy

    Bert Purdy

    04/11/2016
    Busy season is just around the corner. Are you ready?
    Bert Purdy
    Five tips to prepare for busy season
    intentionalemployee.com It's time to prepare for busy season in the public accounting world. CPAs won't see their families and will work too much. Here's what they should...
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  10. Emirates Chartered Accountants Group
    #UAEFlagday2016 #November3flagday # EmiratesCharteredAccountantsGroup Emirates Chartered Accountants Group
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  11. Emirates Chartered Accountants Group
    Emirates Chartered Accountants Group
    How To Start A Business at Umm Al Quwain Free Zone | Emirates Chartered Accountants Group - UAE | Dubai | UK
    www.emiratesca.com Umm Al Quwain Free Zone is a newly formed Free Zone which started operation in the early 2014. Previous also known as Ahmed Bin Rashid Free Zone (ABRFZ). Umm Al Quwain Free Trade Zone is one such Free Zone located 50 minutes away from Dubai...
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  12. Emirates Chartered Accountants Group
    Emirates Chartered Accountants Group
    Solve your Business Problems through Audit Firms in Dubai | Emirates Chartered Accountants Group - UAE | Dubai | UK
    www.emiratesca.com Dubai has emerged as a global city and a business hub in the middle east due to various factors primarily the liberal laws and tax incentives; this very reason has lured the multinational companies to set up their base in Dubai which in fact has led...
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  13. Emirates Chartered Accountants Group
    Business 2017
    #Dubai #Business2017 #BusinessPosition #No1 #uae www.emiratesca.com
    Emirates Chartered Accountants Group
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  14. John White, MBA

    John White, MBA

    02/11/2016
    Hello bees! We have someone new in the hive. Please join me in Welcoming @Nicole Fitzgerald to beBee. She is the owner of East Atlanta Accounting and Tax, LLC. Buzz on, Nicole!
    https://www.bebee.com/@nicole-fitzgerald
    John White, MBA
    Nicole Fitzgerald
    www.bebee.com Nicole Fitzgerald's...
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    Comments

    Praveen Raj Gullepalli
    02/11/2016 #12 Praveen Raj Gullepalli
    Welcome to beBee Nicole!
    Cepee Tabibian
    02/11/2016 #11 Cepee Tabibian
    Hi @Nicole Fitzgerald! Welcome to beBee!
    John White, MBA
    02/11/2016 #10 John White, MBA
    @Nicole Fitzgerald: did I forget to tell you I was born in Atlanta? I lived in da ATL until I was 11 years old. I will be coming back and speaking at the No Longer Virtual conference in February.
    Javier beBee
    02/11/2016 #9 Javier beBee
    @Nicole Fitzgerald welcome to the hive !
    Deb Helfrich
    02/11/2016 #8 Deb Helfrich
    Pleased to have you on beBee, @Nicole Fitzgerald. Looking forward to bumping into you around the hives.
    Aurorasa Sima
    02/11/2016 #7 Aurorasa Sima
    Hello, Nicole, and welcome to beBee!
    David Navarro López
    02/11/2016 #6 Anonymous
    Welcome Nicole. Look forward to your honey
    Fernando Santa Isabel Llanos
    02/11/2016 #5 Fernando Santa Isabel Llanos
    Welcome @Nicole Fitzgerald !!
    Itziar Ruiz López
    02/11/2016 #4 Itziar Ruiz López
    Welcome!!!!
    Kieron Johnson
    02/11/2016 #3 Kieron Johnson
    Hi Nicole, warm welcome to you!
    Alexa Steele
    02/11/2016 #2 Alexa Steele
    Welcome, welcome!
    Susan Botello
    02/11/2016 #1 Susan Botello
    Hi and welcome!
  15. ProducerAnders Liu-Lindberg
    Why You Shouldn't Care About Your Budget
    Why You Shouldn't Care About Your BudgetBudgets. Don’t you just hate them? They take so long time to make, you never hit the number anyway and it always gets you into shouting matches with functional managers about why they can’t have a few thousand dollars more in their budget for next...
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  16. ProducerAnders Liu-Lindberg
    Your Robot Accountant Has A Name, It’s Dixie
    Your Robot Accountant Has A Name, It’s DixieBack in June, I wrote a post titled “Have You Met Your Robot Accountant Yet?” and truth be told I hadn’t met mine at that time and the post was more based on the probability of it happening than actual real life examples. However, a few weeks ago I...
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    Comments

    Anders Liu-Lindberg
    31/10/2016 #11 Anders Liu-Lindberg
    #9 Thank you for the comments, Charles. Obviously nothing wrong with the views here. In my opinion, you will pay more for the product though (and if SaaS and cloud based systems your investment wouldn't be significant) and probably it (the human intervention) will be more errorprone. Of course, autiomation is not without risks so no one size fits all.
    Anders Liu-Lindberg
    31/10/2016 #10 Anders Liu-Lindberg
    #7 Thanks for the comment Irene,
    I believe the first step is automation of transactional processes but not any analytical review. However, I'd say that's it's most likely human intervention that leads to most mistakes in the first place rather than automation. When eliminating the human element it reduces the risk of mistakes. Naturally, if your coding of the automated system is wrong or it breaks down you will be in lots of trouble. So where lies the biggest risk?
    Charles David Upchurch
    29/10/2016 #9 Charles David Upchurch
    You asked
    "So what’s stopping you from jumping on the automation train?"

    My answer is "three things are stopping me from using automation:
    1) trusting something beyond my direct control (which is also a challenge when I decide to delegate or outsource specific tasks to human beings);
    2) not wanting to replace one job (i.e.bookkeeping) with another job computer operation and troubleshooting) with a significant investment needed before I start saving time and money; and
    3) a feeling that I am being disloyal to human workers if I replace them with automation (As sentimental as that might sound)."
    Irene Hackett
    29/10/2016 #7 Anonymous
    I remember when outsourcing became the distrupter in the world of Accounting. Collections was first, then Accounts Payable, Sales Tax and Property Tax filings, etc. But Full Service Accounting outsourcing can be a slippery slope. Not unlike the decision to hire someone else to manage your personal finances, it may be that no one can manage your finances better than oneself. The farther removed one is from personal commitment to an Organization's overall success, the more potential for sloppy financial results, which could be costly. True, bookkeeping is the elementary aspect of an Organization's financial statements, however, mistakes can be so costly that a business can 'go under' or suffer a 'big hit' due to lack of human review and analysis of the transactions. Examples: in the States, not appropriately accruing for sales tax liabilities on vendor invoices where none was charged or not disposing of retired assets from the books can mean big property tax liability. Robots may adequately perform the large volume, low complexity transactions - however, nothing can replace the proper analytical review of those transactions, to determine reasonableness in trends and anomalies as compared to an intimate understanding of the Business and Accounting knowledge. In conclusion, automation of transactions is smart, trusting the result without adequate internal audit is not.
    Anders Liu-Lindberg
    29/10/2016 #5 Anders Liu-Lindberg
    #4 Thanks, Donna! Indeed accountants need to consider where their career is going.
    Donna-Luisa Eversley
    29/10/2016 #4 Donna-Luisa Eversley
    @Anders Liu-Lindberg... very interesting . I will share with my son who is an accountant for a retailer.
    Jared Wiese 🐝
    24/10/2016 #3 Jared Wiese 🐝
    Sharing in beBee in English
    Jared Wiese 🐝
    24/10/2016 #2 Jared Wiese 🐝
    Sharing in Business Accounting
    Jared Wiese 🐝
    24/10/2016 #1 Jared Wiese 🐝
    Sharing in Business
  17. ProducerPeggi Cheevers

    Peggi Cheevers

    29/10/2016
    If you fear It, It will own you
    If you fear It, It will own youLong have I feared using the word "it" in a sentence, let alone a title!  Thank you, Mrs. Lindauer, because all these years later I admonish my kids as you admonished us in High School English: never use the word "it", say what you mean.   Yet, I...
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    Comments

    Irene Hackett
    29/10/2016 #2 Anonymous
    FYI: I think you've proved Mrs. Lindauer wrong; I like both your use of the word 'it' and the use of analogies - which added energy & depth to the message!
    Irene Hackett
    29/10/2016 #1 Anonymous
    I like this, as a Colleague in the world of Accounting, of course I do! To me it is quite logical, the debits and the credits; the inputs the outputs. Spending less than you earn and investing the difference. And yet, as you so creatively exposed: Finance is a big, scary 'IT'!! I dare to say, and this is a concept that has been shared here in other buzzes, it may be due to the idea of money or 'wealth' being a psychological matter. Rich Dad/Poor Dad. Many a Senior Executive and individual persons somehow fear facing the Balance Sheet! Looking forward to reading more of your buzzes @Peggi Cheevers!
  18. Personal Jessus

    Personal Jessus

    23/10/2016
    Galaxy 9.0
    in-galaxy.com
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  19. Bert Purdy

    Bert Purdy

    19/10/2016
    Bert Purdy
    8 Power Tips to Be Successful with Flexible Working Hours
    intentionalemployee.com Many companies allow employees to work within a flexible working hours arrangement. These 8 strategies can be used to make such an arrangement...
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  20. ProducerAnders Liu-Lindberg
    Are You Ready Finance Business Partnering 2.0?
    Are You Ready Finance Business Partnering 2.0?In practically all mid-size or large companies these days you will find finance business partners or business finance functions with the purpose of bringing Finance closer to the business. However, despite all these functions and teams have been...
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  21. Bert Purdy

    Bert Purdy

    05/10/2016
    Bert Purdy
    A good bed side manner equals great customer service
    intentionalemployee.com What makes a good bed side manner? It's required for good customer service representatives but everyone needs a good bed side...
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  22. ProducerAnders Liu-Lindberg
    Beyond The Final Frontier Of Finance
    Beyond The Final Frontier Of FinanceIn the past two months, we’ve discussed how the CFO can transform the finance function in my latest series about Finance Transformation. We’ve discussed how to fix the basics by among other things using new systems. We also took a look at Big...
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    Comments

    Anders Liu-Lindberg
    28/09/2016 #6 Anders Liu-Lindberg
    #5 Actually Phil I'm more of a Star Wars fan but writing a post titled "May The Future Of Finance Be With You" just sounds a bit confusing :)
    Phil Friedman
    27/09/2016 #5 Phil Friedman
    @Anders Liu-Lindberg, I always suspected that you were a Vulcan. Nice piece, am going to go back to read the series from the beginning. In the meantime, live long and prosper. \\ //.
    David Howard
    27/09/2016 #4 Anonymous
    Great article! Yep from my personal experience finance evolves pretty quickly. Everything's algorithms these days, people are being replaced by machines and code.
    Anders Liu-Lindberg
    26/09/2016 #3 Anders Liu-Lindberg
    #1 @Paul, Finance is transforming big time these years and automation, in particular, will completely change the way we do finance in the future.
    Paul "Pablo" Croubalian
    26/09/2016 #1 Paul "Pablo" Croubalian
    so even Finance is not immune from disruption? An interesting view, Anders. Thoughts, @David Howard ?
  23. Tim Tribe

    Tim Tribe

    22/09/2016
    Tim Tribe
    Exposed: The secret powerhouse processing millions in global fraud
    money.cnn.com The frauds rake in millions from the sick and elderly -- leaving them with nothing. This is a story about the little-known company that cashes the...
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  24. ProducerAnders Liu-Lindberg
    How To Become Great At Business Finance
    How To Become Great At Business FinanceIn my series about creating a roadmap for the CFO to transform Finance, it’s now time to take a look at the Business Finance Function but before we go into details perhaps a proper definition of what business finance really is would be due. If you...
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    Comments

    Jared Wiese 🐝
    22/10/2016 #3 Jared Wiese 🐝
    Shared to new hive, Business Finance: https://www.bebee.com/group/business-finance
    Jared Wiese 🐝
    07/10/2016 #1 Jared Wiese 🐝
    Sharing to Business
  25. ProducerPersonal Jessus

    Personal Jessus

    15/09/2016
    Moscow Day Of Town
    Moscow Day Of Town Moscow Day Of...
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