3 Ways Busy Professionals Can Live a More Active Lifestyle

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Katrina Julia Kiselinchev, CPA, MBA, NASM Fitness & Sports Nutrition Certified and speaker at the 2015 Health Care Conference in Hershey on June 15-16.

By Guest Blogger, Katrina Julia Kiselinchev, CPA, MBA, NASM Fitness & Sports Nutrition Certified – 2015 Health Care Conference speaker

  1. Create your own fit lifestyle.
    Convenience is key. So, make it easy for yourself. Grab shakes, snacks, or whatever works best for you.
  2. Take baby steps.
    Decide on making one change a month in food and activity. For example, drink one less cup of coffee a week, eat out one less time a week, or walk two times a week. Small changes over time create massive results.
  3. Celebrate each step.
    We often get caught up on the end destination. The key is to celebrate each win, no matter how small. This generates confidence over time, which generates results and keeps your momentum going. You will eventually get there. If you fall down, get back up and try again.

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Modifying the Calculation in Excel’s Subtotal Feature

By Guest Blogger Tommy Stephens | K2 Enterprises

While Excel’s Subtotal feature can be a great way to summarize data and create drill-down reports, you are limited to using one of the tool’s 11 summarizing functions:

  1. Average
  2. Count
  3. Count of Numbers
  4. Maximum
  5. Minimum
  6. Product
  7. Standard Deviation
  8. Standard Deviation of a Population
  9. Sum
  10. Variance
  11. Variance of a Population

Suppose you would like to use Subtotal, but the calculation you require – calculating a median, for example – is not one of the 11 available in Subtotal. Learn how to use a little trickery to “persuade” Subtotal to work the way you want it to. Continue reading

Three-Dimensional Financial Messaging

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A. Michael Gellman is a shareholder at Rubino & Company Chartered and a speaker at the 2015 Not-for-Profit Conference in Harrisburg on June 8.

By Guest Blogger, A. Michael Gellman, CPA, CGMA, a shareholder at Rubino & Company Chartered and Not-for-Profit Conference speaker

The delivery and interpretation of financial reports is a complex process. It becomes even more complicated when you realize that the target audience consists of multiple end users who consider financial information from different points of view. Effective financial messaging incorporates what I call the three-dimensional delivery approach (3-D approach).

The 3-D approach starts with the vehicle delivery selection process. Most financial messaging falls into one of three formats: Continue reading

As a Tribute to David Letterman- PICPA’s Own Top Ten List

The Top Ten Things That Make PICPA Members Happy…

  1. Top 10Networking. Members attend PICPA events to advance their careers, grow their businesses, meet new friends or business partners, or even find their true love. (No joke! It really does happen!)
  1. Advocacy. Having more than 22,000 members makes PICPA one of the most powerful professional associations in Pennsylvania.
  1. Compliance. The PICPA is the place CPAs and prospective CPAs turn to for accurate and straightforward answers to all their licensing questions and reminders about rules and deadlines.
  1. Professional Development. Participating in PICPA education and volunteer activities and reading PICPA publications are great ways to build knowledge, skills, and confidence.

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Get Ready for the New Revenue Recognition Disclosure Requirements

By Guest Blogger, Christopher Meshginpoosh, CPA

CFM August 2010

Christopher Meshginpoosh, CPA is a director at Kreischer Miller and serves as co-chair of Greater Philadelphia Chapter’s Accounting and Auditing Committee.

Unless you’ve been on a deserted island for the past year, you probably know that last May the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers. The update was the result of years of work by the FASB and the International Accounting Standards Board (IASB), and it sets forth a single revenue recognition framework for entities in almost every industry.

The initial exposure drafts included provisions that could have had a much more significant impact. The final standard, however, eliminated many of the more controversial aspects of the earlier drafts. As a result, the final standard will have a significant effect on entities that generate revenue from large projects as well as those that sell products in bundles, but will have a more muted effect on other industries. That’s the good news.

The not-so-good news is Continue reading

Health Care Industry in Midst of Significant Transformation

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Marc Scher is an audit partner at KPMG and a speaker at the 2015 Health Care Conference in Hershey on June 15-16.

By Guest Blogger, Marc Scher, CPA, partner at KPMG, LLP and Health Care Conference speaker

The health care industry is in the middle of a significant transformation, and is heading into uncharted territory. This evolution means the following:

  • The development of enhanced information systems that capture and use data essential to population health management and accounting for evolving reimbursement models.
  • Executives and others with broader skill sets are indemand – actuarial sciences related to population health, data and analytics, integration of partners and joint ventures, and continuum of care to name a few.
  • The footprint of providers will be more decentralized in the provision of care through clinics, retail pharmacy settings, and technology (Internet communications and remote medical devices are expanding).
  • In many situations, people will rely on ACO and ACO-like organizations composed of affiliations, partnerships, and other complex structures to deliver comprehensive and effective care.
  • There is a need to address the ever-increasing regulatory burden and demand for transparency.

This transformation will create several challenges for audit service providers in the health care industry. These challenges include the following: Continue reading

Five Questions Not-for-Profit Boards Must Ask About Fraud

By Guest Blogger John Hall, CPA, president of Hall Consulting Inc. and Not-for-Profit Conference speaker

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John Hall is president of Hall Consulting Inc. and a speaker at the 2015 Not-for-Profit Conference in Harrisburg on June 8.

Not-for-profit boards provide the critical governance, oversight, and guidance needed to steer an organization in the correct direction. This includes providing advice on fraud risks.

The challenge is that most not-for-profit board members have little, if any, knowledge of fraud beyond what they read in the papers and see on TV. It’s simply not among their core skills. As a result, management and staff are often confused about what’s expected.

Two actions by board members can help compensate for this gap:

  • Know what questions to ask
  • Find advisors to assist with building, implementing, and sustaining an effective anti-fraud campaign

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