Prepare for a Successful IFRS Conversion
The SEC's proposed road map for the potential use of IFRS in financial statements prepared by U.S. issuers could result in the mandatory use of international standards starting in 2014, depending on a company's size. Under the plan, the SEC would decide in 2011 whether to proceed with mandatory reporting under IFRS.
Although 2014 may seem a long way off, it is not too early to prepare for IFRS conversion. Here are some key activities that will contribute to a successful conversion.
Finance and Accounting Unemployment Trends
Despite media reports of unemployment rates approaching 8% and beyond in many parts of the county, it's important to note that finance and accounting professionals remain in demand. The combination of increased emphasis on internal controls and regulatory guidelines helps to keep this skillset virtually "recession-proof."
Source: US Bureau of Labor Statistics
2009 Salary Information: DFW and New Grads
Each year, Q&A Recruiting offers a free local Salary Survey with immediate online access to results. This data is specifically compiled for the Dallas/Fort Worth area in the disciplines of Accounting, Finance, Tax, and Human Resources. The Q&A Salary Survey is calculated through information gathered from our annual local placements, in combination with field research from hundreds of local job seekers and hiring managers.
We are pleased to offer reliable market compensation data and trends to assist you in the following areas:
Contact your Recruiting Manager or click here to request
There’s little movement in starting salary offers to the college Class of 2009 compared to offers received by the Class of 2008, according to a new report from the National Association of Colleges and Employers (NACE).
For example, the offer to accounting majors rose by 1.9 percent. Their average starting salary offer stands at $48,334. Similarly, grads earning finance degrees saw their average offer increase 2 percent, bringing it to $49,794.
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Local Economic and Employment Trends
Texas’ seasonally adjusted unemployment rate rose to 6.5 percent in February, while the U.S. unemployment rate climbed to 8.1 percent. Though at its highest rate in five years, Texas’ unemployment rate continues to trend well below the national rate. The Texas unemployment rate is up slightly from 6.4 percent in January and 4.5 percent in February 2008.
Texas recorded a net loss of 62,600 in the past 12 months, compared with job losses of 4.2 million nationwide during the same period.
Education and Health Services added 14,700 jobs in February, for an industry gain of 58,600 positions in the past year. Mining and Logging employment grew by 1,600 in February adding 15,700 jobs over the last 12 months. Industry losses hit Professional and Business Services and Construction the hardest, down 27,000 and 15,500 jobs, respectively.
|
Unemployment Rate
|
Feb 09
|
Jan 09
|
Feb 08
|
|
US
|
8.9
|
8.5
|
5.2
|
|
TX
|
6.6
|
6.8
|
4.4
|
|
DFW
|
6.9
|
7.0
|
4.4
|
|
Houston
|
6.4
|
6.5
|
4.3
|
|
Austin
|
6.3
|
6.4
|
3.8
|
|
San Antonio
|
6.0
|
6.3
|
4.1
|
(Non-Seasonally Adjusted Rates used for US and TX for relevant comparison with Metro Areas)
Source: Texas Workforce Commission
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The Right Time to Invest in Training
In the past several months, leaders of companies large and small have been complaining that their teams are just not up to the task of dealing with the problems exacerabated by the downturn. What management really needs to do right now is put less emphasis on getting the "right people" and more on getting the "people right."
There's nothing like tough economic times to reveal weak players in an organization. Now is the time to either put them through an aggressive development program or move them out of the company and make room for a stronger hire when the economy turns.
Read Complete Story
Source: BusinessWeek.com
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Professional Organizations in Dallas
Following are links to both local and national networking organization sites to help you stay current in your field of Accounting and Finance:
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About Q&A
Since 1998, Q&A Recruiting has provided comprehensive recruiting services to clients in the Dallas/Fort Worth area, specializing in the areas of Accounting, Finance, Tax and Human Resources on both a direct hire and contract basis. Our recruiting team is comprised of more than fifteen audit and tax professionals from both public and industry accounting who can provide you strategic inroads to passive candidates who are not on the job boards or actively seeking opportunities.
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Contact Us
You are receiving this email because someone from the Q&A Recruiting team has met you or your firm through a business interaction. We hope that you discover value in our Quarterly Hiring Update and share this with colleagues with similar interests.
Please let us know if you wish to receive future newsletters at a different email address than where you received this.
This newsletter is published internally by Q&A Recruiting. Comments or questions may be sent to Lynn Mazur, Director of Marketing, at lynn@qarecruiting.com.
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