Issues Facing Regional Accounting Firms Capital Costs Technology

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Issues Facing Regional Accounting Firms • • • Capital Costs Technology Costs Staffing and

Issues Facing Regional Accounting Firms • • • Capital Costs Technology Costs Staffing and Compensation Margins Ability to Compete Succession

A Clarification About Our Affiliated Practice Unit • Altschuler, Melvoin and Glasser LLP (“AM&G”),

A Clarification About Our Affiliated Practice Unit • Altschuler, Melvoin and Glasser LLP (“AM&G”), a partnership of Certified Public Accountants, is a separate, independently-owned, independently-operated entity. • AM&G serves as the vehicle through which staff acquire CPA experience and meet the requirements for CPA licensure. • AM&G has a leasing arrangement with American Express Tax and Business Services Inc. to provide staff to conduct audit and other attest services

Advantages of a Corporate Career • Multiple Career Paths • Lack of Necessity for

Advantages of a Corporate Career • Multiple Career Paths • Lack of Necessity for Individual Financial Investment • Long-term Benefits • Entrepreneurial Spirit

The Unique Alternative • The capabilities, technical expertise, resources and services of a national

The Unique Alternative • The capabilities, technical expertise, resources and services of a national accounting and consulting firm. • The special features (personalized, individual attention and “open door” environment) normally associated with regional firms. • The resources of a global financial services company.

The Benefits of a Career with An Alternative Practice Structure 1 Specialized Knowledge/Expertise, Well-Rounded

The Benefits of a Career with An Alternative Practice Structure 1 Specialized Knowledge/Expertise, Well-Rounded Experience, (Accounting, Tax, Consulting) and Diversity of Clientele. 2 Advantages of a Regional Firm 3 Strength of a National Organization 4 Open Door Working Atmosphere - A Healthy Group Environment 5 Leading Edge Technology 6 Competitive Compensation Package 7 Generous Employee Benefits Package of a major public company 8 Career Development 9 Promising Career Progression 10 Extensive Training and Professional Development

Costs Variable costs costs of Fixed costs costsCosts Variable costs costs of Fixed costs costs
The Integration of Firms Expansion of firms FirmsThe Integration of Firms Expansion of firms Firms
Capital Costs Operating maintenance costs life Cycle costsCapital Costs Operating maintenance costs life Cycle costs
The Nature of Costs Explicit Costs Accounting CostsThe Nature of Costs Explicit Costs Accounting Costs
Management Accounting Costing Management Accounting Management Accounting CostsManagement Accounting Costing Management Accounting Management Accounting Costs
Accounting and economic costs and profits Accounting AccountingAccounting and economic costs and profits Accounting Accounting