The good, the bad and the ugly of the New Zealand accounting profession 2014 / by CCH Business Fitness NZPublisher: Mount Maunganui, N.Z. : CCH Business Fitness NZ, 2014Edition: GBU 2014.Description: 87 p. : ill. ; 30 cm.Subject(s): Accounting firms | Surveys | Revenue | Accounting profession | New Zealand
|Item type||Home library||Call number||Status||Notes||Date due||Barcode||Item reserves|
|Book||New Zealand||206 GOO (Browse shelf)||Available||Courier requires signature upon delivery||CA008205|
|Book||New Zealand||206 GOO (Browse shelf)||Available||Courier requires signature upon delivery||CA008204|
SNAPSHOTS: Performance summary -- Performance by region -- Performance comparison 2013/2014. THE BEST VS THE REST: Productive and profitable firms -- The best firms - quick stats -- Client contact -- League tables -- Training - cost or investment? FINANCIAL RETURN: Revenue -- Partner charge-out rates -- Clients per partner -- Client fees -- SMEs show remarkable turnaround in five years. SPECIAL FEATURE - CUSTOMER QUANTITY OR QUALITY OF RELATIONSHIP? Competitive advantage -- Two key approaches -- Quality of relationship -- Quantity of customers -- Exceptions -- Rethinking value -- Helping clients better manage cashflow. INVESTMENT: Profit per partner -- Strategic cost management -- Productivity -- Leverage -- Salaries. SPECIAL INTEREST AREA - THE PURSUIT OF PROFITABILITY: Remuneration and benefits -- Performance review and reward -- Productivity -- Values and mission statements -- Client contact -- Outsourcing -- Correlation with profitability and productivity. BEST PRACTICE: Workflow management -- What strategy? -- Job scheduling -- The importance of the front end -- Billing systems -- Getting paid on time and reducing write-offs -- Debtors -- Seven steps to better debtor management -- Top ten challenges. SUMMARY & ACTION PLAN: What have we found? -- Action plan -- Innovating beyond the product -- What is responsive website design?
Analyses the financial performance and management trends of New Zealand accounting firms, ranging in size from sole practitioners to multi-partner practices, located in cities, suburban and regional areas. Summarises the research found to be significant, and discusses the strategies that can have a substantial impact on financial performance in accounting firms.