Archive for the ‘Women’ Category

Friday, February 10th, 2017

Working a Flex Schedule Doesn’t Mean Your Are Stuck

“The question isn’t who’s going to let me; it’s who’s going to stop me.” – Ayn Rand

I was delighted to read a recent article from the Journal of Accountancy by Yasmine El-Ramly and Anita Dennis titled, Rising to the top on a reduced schedule.

The article features two female partners at Grant Thornton. Yes, partners who work a flex schedule – Flexible Work Arrangement (FWA).

The partners are Debbie Smith, CPA and Erica O’Malley, CPA. They built a thriving employee benefit plan audit practice while working a 70% schedule.

Some lessons featured in the article:

Lesson 1 – A flexible work arrangement can pave the way

Lesson 2 – A foundation built on teamwork and trust

Lesson 3 – Focus on results

Lesson 4 – With flexibility comes responsibility

Lesson 5 – Time management and organizational skills stand out

Lesson 6 – Plan to be flexible

These are great lessons for anyone struggling with working a flexible schedule or for firms contemplating implementation of an FWA that can even include partners.

I hope you read the entire article to learn more about each lesson.

  • Women are the real architects of society.
  • Harriet Beecher Stowe

Wednesday, January 25th, 2017

Women In Accounting

“If you don’t like being a doormat, get off the floor.”Al-Anon

There is so much going on right now centering on the topic of women. There are some good discussions and information and some bad.

IMG_1077I still firmly believe that there is a great opportunity for women in the accounting profession and I encourage young, college-bound females to consider accounting as a career.

I have been inside a significant number of accounting firms during my consulting career. Have I seen discrimination against women in the workplace (the accounting profession)? Yes, of course, many times. Have I seen women in the workplace behave badly? Yes, of course, many times. Have I seen women who, in my opinion, deserved to be fired but weren’t because the partners were afraid of consequences because they were female? Yes, I have, several times.

If you want to read some of the many blog posts I have done on the topic of women in accounting, I have sorted my blog site on the topic of Women. Click here to scroll through them and, hopefully, you will read many of them.

  • Do what you feel in your heart to be right - for you'll be criticized anyway. You'll be dammed if you do, and dammed if you don't.
  • Eleanor Roosevelt

Friday, December 30th, 2016

Lighten-Up For the Long Holiday Weekend – Allow Girls to Imagine

“If you want something said, ask a man. If you want something done, ask a woman.” – Margaret Thatcher

I recently watched this wonderful and entertaining video from Mattel. Of course, I thought of the challenges of females in the CPA profession.

Are you encouraging your females to imagine the possibilities in public accounting? We continually lose too many bright minds!

  • A woman is like a tea bag. You never know how strong she is until she gets in hot water.
  • Eleanor Roosevelt

Monday, June 13th, 2016

Mom, Manager, Mentor… Maniac?

Lindsay“I’ve learned that you shouldn’t go through life with a catcher’s mitt on both hands; you need to be able to throw something back.” – Maya Angelou

One of my favorite sessions from PSTech this year was “Mom, Manager, Mentor…Maniac?” by Lindsay Stevenson, CPA.

I so often hear sad… should I say “sob” stories from women in accounting. They, and often rightly so, are challenged by the difficulties facing them as CPAs trying to advance their careers and the important life role of mother and wife.

That’s why Lindsay’s presentation was so refreshing and inspiring. She didn’t mince words about the difficulties but she was so energetic and positive about the fact that women, working in the CPA profession, can succeed in both roles. She provided a lot of good information and strategies that are helpful to finding work/life integration specific to mothers.

Female CPAs, you can do it too – you can succeed in both roles. What you learn as a mom can also apply to your role as manager at your firm.

Join your local women’s initiative groups or the one sponsored by your state CPA society. Continually reach out to other working moms and seek positive, can-do mentors.

Don’t just let things happen to you – blaze your own trail.

 

  • The most effective way to do it, is to do it.
  • Amelia Earhart

Friday, April 8th, 2016

Key Advice For Women In Accounting

“I didn’t get her by wishing for it or hoping for it, but by working for it.” – Estee Lauder

Lynne Doughtie is the Chairman and CEO of KPMG. After 30 years at KPMG she made history by becoming the first female CEO last year. It is also important to note that Cathy Engelbert became the first female CEO of Deliotte earlier in 2015.

lynneRecently Doughtie (who is apparently a charming and down-to-earth person), shared some advice for women and employers about how the mindset has to change about females breaking through to reach senior positions in their careers.

Here’s her list:

  • Seek out and ask for mentors and sponsors
  • Understand the difference between the two
  • Work hard and set clear goals
  • Ask for more
  • Press the pause button when you need to
  • Be honest with yourself and stick to what your priorities in life
  • Don’t place pressure on yourself to do everything perfectly all the time
  • Do not lose your confidence, which has a knock-off effect in your career because of immediate circumstances

Want to learn more about mentors and sponsors? Join me at my session at AICPA Practitioners Symposium and Tech+ Conference in June in Vegas.

  • The most difficult thing is the decision to act, the rest is merely tenacity.
  • Amelia Earhart

Monday, January 25th, 2016

Women In Accounting – Don’t Feel Guilty

IMG_4100CPA firms lose so many bright, savvy females because of the long-talked about stigma that when you want to start a family, you cannot work in public accounting.

Too many young female professionals tend to heed the old-fashioned advice that they should work in public accounting for a few years, get their CPA designation and then get a job in a private company so they can then raise a family. Fewer actually become “stay at home” moms because the millennials need two incomes to live the life style they desire.

So, I urge all young women in accounting, stick it out. The accounting profession is becoming more and more flexible all the time. It is a profession that can provide the career development and prestige that you desire.

Don’t feel guilty if you are working and also raising children. Children of working moms actually reap many benefits because they have working mothers.

According to a survey of 1,000 grown children of working mothers, many substantial benefits were identified

Strong Work Ethic – The grown children reported that watching their mothers go to work every day instilled in them a strong work ethic.

Independence – Working mothers know they won’t be there for everything so they have deliberately taught their children to be more independent.

Resilience – The children of working mothers reported being able to solve their own problems and bounce back from tough times better than children of stay-at-home mothers.

Prepared For The Work World – Watching their mothers face the many challenges at work helped the children feel better prepared for the working world. They have a better sense of what to expect when they enter the work world.

Daughters Benefit Most – Harvard found that daughters of working mothers earned 23% more than daughters of stay-at-home mothers.

All of this and more is in an article on FAST Company by Lisa Evans. She also references a book by Pamela LenehanMy Mother, My Mentor: What Grown Children of Working Mothers Want You to Know. 

Many female CPAs working in public accounting have told me, “The partners just don’t understand because their wives don’t work.”

By the way, my mother was a working mother. So was I.

  • Sweater, n.: garment worn by child when its mother is feeling chilly.
  • Ambrose Bierce

Friday, January 22nd, 2016

Women In Accounting – Don’t Get Side-Tracked

There is so much opportunity for young women entering the accounting profession. I truly believe it offers the flexibility and opportunity where females can continually develop their careers and still have a life.

Much of this is thanks to Millennials – males and females – who have figured out that work is not the be all and end all.

Here’s a song with right-on-target lyrics written by Pete Seeger’s sister, Peggy, also a singer/song writer.

Maybe many of you hard-working, professional women of today can relate. The story starts out with “when I was a little girl, I wished I was a boy.” Be sure to listen to the end to hear how the story ends.

That was me, an all-out tomboy who bullied the neighborhood boys. If they didn’t do what I said, I would make them eat dirt. Can you believe it? They still tease me about it. There were times at my firm when I wished I could have still done that!

  • If you don't like being a doormat, get off the floor.
  • Al Anon

Tuesday, January 19th, 2016

Female Partners In The CPA Profession

4JS6X4XCW1There is some positive news on the topic of women partners. A year or so ago, the surveys told us that the percentage of female partners had declined.

New research from the AICPA has found that women more often attain CPA firm partnership status in smaller firms – those with 20 accounting professionals or fewer.

Women make up nearly half of all accounting graduates entering the profession, yet are regularly under-represented at the partnership level. The good news is that 24 percent of partners at firms are women, up from 19 percent in 2012.

Here’s the breakdown of female partnership levels from the AICPA CPA Firm Gender Survey:

2 to 10 CPAs – – 43%

11 to 20 CPAs – – 39%

21 to 99 CPAs – – 27%

100+ CPAs – – 20%

Here is a link to some of the interesting results from the Study.

  • A lot of people are afraid to say what they want. That's why they don't get what they want.
  • Madonna

Monday, June 29th, 2015

Don’t Forget, You Are Selling To Women

“The shopping experience is very different for women than men; the male shopper’s experience is still the default position for many, even most, firms. And yet it is an unimpeachable fact that women are the premier purchasers–of damn near everything. (My message: Wake-up-ASAP-and-smell-the-enormous-opportunity.)” – Tom Peters

Tom Peter’s weekly quote (I get it every Monday), made me think of CPAs working in public accounting, for a couple of reasons.

One, most male CPAs target their sales to male business owners. I have observed that selling to a female business owner is not their main focus. I have also observed that sometimes the male even feels, and acts, awkward in these situations.

Males: Study, research and read about how to sell to females, practice better listening, learn body language, etc. It will also help you in managing your workforce. Also, when you are selling to a male, remember that there is a woman behind him probably telling him who to hire as their CPA.

Two, most accounting graduates are female. You are hiring a lot of them. Begin educating, teaching, and coaching them immediately on how to develop a relationship with a business owner or decision maker. Once the relationship is established, they can ask for their business.

Females: Don’t hide from business development assignments. Ask to accompany partners on visits to clients and future clients. Schedule lunches with attorneys who also serve your clients. Network in your business community as much as possible.

Selling professional services is all about building relationships – virtually and in person. Women have natural talent in this area – capitalize on it.

  • You don't earn loyalty in a day; you earn loyalty day by day.
  • Jeffrey Gitomer

Wednesday, May 27th, 2015

Be A Woman. Be Yourself.

There is a lot of advice out there to supposedly help women succeed in the game of business.

I often offer some myself – specifically to women in accounting, to help them survive in the interesting world of public accounting.

Recently, I have been re-reading and reviewing the book, “Play Like a Man, Win Like a Woman.” I’ll be using this book for a Women’s Leadership Discussion webinar for the Michigan Association of CPAs on June 3.

The author of the book, Gail Evans, offers a full menu of “rules” for women to be aware of as they play the game of business. The final chapter titled: The Final Two Rules are so important AND simple: Be A Woman. Be Yourself.IMG_1071

Here’s an excerpt I want all women in accounting to keep in mind:

Intuition is one of the most powerful tools women have in the marketplace. To use it, all you have to do is listen–not just with your ears, but with your gut.

So employ your female instincts to your advantage–as long as you understand the effect these will have on the men in your office. It’s one thing to be privately nurturing with a male peer whose work is faltering, but don’t do it in a public forum or you’ll embarrass both of you.

Business relationships are first and foremost office alliances. This doesn’t mean that they’re not genuine, only that they exist to help all of you build a better, more profitable, more enjoyable work place.

  • I knew that if I didn't love my job, my performance would be second rate.
  • Gail Evans