Wishing everyone a good close to the term
As finals are upon us and the semester winds down, wishing everyone the best and a productive and joyous winter break.
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PACE Academic IG
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Happy Thanksgiving (US)
Wishing all our US members a happy and restful Thanksgiving holiday weekend!
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Gary Cokins
11月29日
Thanks JP for your message. This is a good Thanksgiving holiday. Good food and lots of NFL and college football. (And my Chicago Bears beat the Philadelphia Eagles to get better positioned for the NFL playoffs. (I was raised in Chicago.)
ABC and the Value Chain
Certainly Activity Based Costing is part of the PA framework. The more I study ABC them more I feel it cannot be separated from a firm's value chain. Yet, most textbooks to not explicitly make this connection. I view this as problematic, what say you?
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John Williams
3 days ago
This post gives a clear and realistic picture of how important steady practice, time management, and understanding the test format are for GED success, especially for learners who are balancing studies with work or family responsibilities. I appreciate the reminder that progress comes from consistent effort, not just last minute cramming, which is something many people struggle with. For those who like to learn from top performers, looking at strategies used by USA’s Best GED Exam Takers can be motivating, but following the practical steps you shared here on a regular basis is what really builds confidence and results.
Accountants Under-prepared for Analytics
So, I've been developing an accounting analytics class. Looking at the resources available, I do fear the accounting profession is under-prepared for the future. Do we really view basic data wrangling in Excel to be advanced analytical work?
So, the question, I suppose, is, how do we move from where we're at to where we need to be? Our "customers" (be the internal or external) are certainly going to expect and demand much greater insight and analytical sophistication. Accountants are well positioned with business insight and acumen that a coder who learned how to read regression analysis can't easily bring. Nonetheless, we do need to move well past considering a pivot table summation as something truly sophisticated. It's not.
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Susan Wolcott
11月09日
I have the same concerns. I'm currently launching a project (with Matthew Sargent from USM) to better explore how AI and related topics such as data analytics can/should be taught in accounting programs.
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I wish everyone in this group happy holidays and best wishes for a great winter break.
My holiday wish is that everyone in this group look into the great resources available regarding profitability analytics for classroom use. Time to bring our classes in to the 21st century! A book written by Doug Hicks, profitable expectations, can serve as a great course supplement to a managerial accounting course, and can raise students’ awareness of the potential strategic business partner role of management accountants. Written as a novel, it is engaging and accessible to students at any level. It has already been successfully used in the classroom.
Of course, there is also PACE’s new book, unleashing the power of probably analytics, which would also be a great choice!