Our PD instructors, guest authors and Institute staff write articles on a wide-range of subjects including, leadership, management, life-long learning, CA competencies, internet resources and other topics of interest to the membership.
In a survey of 1500 professionals, the top three benefits of being an excellent speaker are respect, persuasion, and career advancement. The top three consequences of poor speaking are being underestimated, being perceived as less intelligent, and unfulfilled potential.
To be effective, a primary task for an incoming chief executive is to determine if he or she has the right people in the right roles. If the evidence is contrary, you must make the changes quickly. Letting the decision drag on or avoiding it only undermines your early initiatives.
Fortunately, with the boomers’ generation demanding it, financial professionals now
The stock market crash of 2008-09 had a devastating effect on many Canadians’
In the National Post, Dr. Jim Murray discusses how the average board spends just two hours per year on CEO succession planning. It's not difficult to see that failure to plan for leadership transition leaves a company vulnerable to unexpected changes.
Cultivate relationships with your clients by getting away from the sales pitch, and turning it into providing value. Earn your clients' trust by being genuine, and respecting and identifying their needs. It sounds easy, but it requires intention and a change in mindset.
Having survived some turbulent times, companies just re-focus their energy on what has changed. The recession and its recovery have brought about changes in industry regulation, consumer habits, new competitors, and gaps left by former competitors. All of these changes present opportunities for companies to take advantage of, and are the key to their survival in the new world.
Outlines a number of online courses and web resources that can help members in the changeover to IFRS. In addition to these online resources, the Ontario Institute offers a comprehensive series of half-day to two-day courses on IFRS, many of which will be presented in the Spring/Summer PD Program that runs from May through July.
There really are two basic approaches to managing a career. On the one end of the spectrum, there are those people who just let things happen;
In the last decade or so, stress has become endemic in the workplace as pressure to improve organizational and personal performance continually increased, while changes in technology, such as pagers and personal digital assistants, began to shift the working day from 9 a.m
For today’s busy professional, managing relationships is almost a full-time job, whether it involves serving clients, pleasing the boss or working with peers. But many people are ignoring their most critical task — developing and perfecting self management skills.
During the course of most financial professionals’ careers, they’re likely going to find themselves in a management role, whether it’s running a small practice, team, department or major corporation.
CAs know that the risk of fraud increases in an economic downturn. As the economy worsens, downsizing reduces management layers, compromising internal controls in the process. With fewer internal controls and less supervision, employees have an increased opportunity to commit fraud.
When you were hired as a student by a CA firm, you were very focused on what you wanted to accomplish – obtain your CA designation. Your timeline was three years and during this period you would have written the Core Knowledge Exam, attended the School of Accountancy, and sat down for the Uniform Evaluation – all requiring countless hours of study.
In most disciplines, ideas, concepts and practices are researched, put forth and then seen as absolute truths never to be questioned or challenged. Such is the case with management practices such as open-door policies and staff motivation.
Everyone has seen movie police interrogation scenes with officers in darkened rooms, ‘sweating’ suspects under bright lights, but the reality is usually quite different and, in fact, almost everyone will encounter situations that require them to obtain useful information from people who may be reluctant or uncooperative.
There’s a point in every career where a person has to decide whether they’d like to remain backstage or step into the spotlight and take a leading role.
Since almost 60 per cent of the companies on the Globe and Mail’s Report on Business Top 1,000 Companies already employ a chartered accountant as the chief financial officer, it’s obvious that CAs have been making their way to that C-suite position for a long time.
The world is changing exponentially and we increasingly face daunting, unforeseen challenges. If ever there was a time for new ways of thinking, this is surely it.
Terminating an employee is not rocket science nor is it anything to lose sleep over if you've done your job. What people management issue gives managers sleepless nights? Without question, it's firing an employee. There are many reasons why individuals are terminated.
It’s been brought to your attention that the performance of one of your employees (or maybe even your own) is slipping: work is turned in with mistakes; deadlines are missed; some tasks are ignored; goals are not met. Because you are dealing with people, problems are sensitive and require customized solutions. For the best results, don’t try to fix problems alone, make it a collaborative effort.
In their ongoing pursuit of professional development, whether updating or upgrading, accountants show a decided preference for courses that focus on the technical aspects of their business. This is understandable, especially when the knowledge acquisition involves changes to the tax codes or even more substantial requirements, such as the adoption of the new International Financial Reporting Standards.
There are many attributes that define a profession and life-long learning is one of them. We realized early in our careers that studying for and passing the UFE was not the crowning academic achievement but in fact the beginning of a professional journey which demanded continuous learning.
The countdown is underway as Canada moves closer to adopting International Financial Reporting Standards (IFRS) in 2011. Chartered Accountants across the province will play key roles in guiding companies through the transition process.
An increasing number of companies are starting to look beyond productivity when investing time and money to develop high-performing teams. This new wave of professional development is addressing “positivity” in the workplace because both productivity and work satisfaction are so closely related.
There is now undisputed evidence that more than two-thirds of publicly listed companies do not create shareholder value. Moreover, a large number of those that succeed seem to derive their success from events or items over which they have very little control.
The asset backed commercial paper crisis rocking the world's financial centres begs two questions: Where were the boards of directors during the lead-up to this crisis? And, why weren't they able to effectively carry out their most crucial role, of making their organizations more accountable and effective?
Very recently Business Week magazine published its 2007 ranking of the top 50 companies in corporate America. The most critical defining attribute of each of these “top performers” is that they never take success for granted and thus are unafraid to change.
We are all familiar with that moment when we overreact to something a person has said. We assume that we know exactly what he or she means and we just don’t agree. In response, we assert our own opposing point of view. Inevitably an argument ensues—and sometimes it’s not very pretty.
It has been said that, in the 21st century, the very nature, speed and complexity of change will itself change. If that is so, then so too will the nature of leadership. What made leaders yesterday will not form the leaders of tomorrow.
The professional life of a CA is often extremely stressful. Deliverables and deadlines steal your time and energy away, leaving little or no time for a personal life. As pressure builds and exacts its mental, emotional and physical toll, the cost of stress in your life increases.
The corporate world is awash with talk of improving corporate governance. Boards of Directors are running scared and corporate leaders are finding it difficult to balance achieving success with the increasing burden imposed by this new regime.