The Role Of The Managing Partner The Definitive Guide To Cpa Firm Leadership

The biggest factor in achieving organizational success is strong management and leadership. In CPA firms, this is the role of the Managing Partner. Want to know how the best MPs across the country are impacting their firms and how you can be a difference-maker and a better MP? Look no further than Marc Rosenberg's latest book, The Role of the Managing Partner: The Definitive Guide to CPA Firm Leadership. The only CPA-firm-specific resource with blueprints for Managing Partner success on topics including partner accountability, profitability, working on the business (and staying out of the weeds), and evaluating the MP.

The selection of a managing partner in a professional services firm -- especially in accounting and law -- is just too important and too complex to leave to chance. With the scale of the challenges firms are facing, no firm can afford not to identify and develop a group of partners with the ability to successfully take on the role of managing partner in the future. This monograph lays the groundwork to show firms how to do it -- based on hundreds of interviews with already highly successful managing partners. The right person to lead a major geographic, cross-cultural expansion isn't necessarily the right person to take tough decisions to correct reducing financial performance or to deal with significant changes in the firm's business model in response to changes in technology and low cost competition. For firms, the key is to identify a number of potential managing partners and give them experience of operating in different contexts, which can then be used to determine who is most suited to the challenges the firm faces at the time of the managing partner's appointment and during their likely tenure. Making the right call, choosing the right managing partner, is critical to every firm's future success. Successful managing partners are strong and effective leaders. Leaders whose picture of the future excites and energizes the firm's partners and people, who help everyone, clients and people, to exceed their expectations and whose personal performance personifies everything the firm stands for. There's no getting away from the fact that being a managing partner is a tough job. But with clarity around the behaviors that deliver success, every managing partner now has a chance to truly make a difference

Becoming a partner in a professional services firm is for many ambitious fee-earners the ultimate goal. But in this challenging industry, with long hours, high pressure and even higher expectations, how do you stand out from the crowd? How do you build the most effective relationships? And how do you find the time to do all of this and still have a fulfilling personal life? Now in its third edition, How to Make Partner and Still Have a Life equips individuals at the start of their career through to partner with the skills needed to reach and succeed at the leadership level. How to Make Partner and Still Have a Life details the expectations and realities of being a partner and outlines how you can continue to achieve once you have obtained the much-coveted role. This edition is updated with guidance on developing the right mindset for success and the importance of mentoring and sponsorship. There is a specific focus on women and BAME professionals and the challenges faced by individuals coming from non-traditional or under-represented backgrounds. Heather Townsend and Jo Larbie provide a guide to help you tackle common obstacles and work smarter - not harder - to reach the top. Start your journey to partnership and still have the time for a life outside of work.

Is your firm poised for long-term success and viability? Do you even know what that looks like for your firm? The reality is that most CPA firms have their work cut out for them if they want exiting partners to retire comfortably and future leaders to flourish. In the new edition of this popular book and its companion workbook, Reeb and Cingoranelli impart the same no-nonsense advice on succession planning and management that they share with their clients, providing you with the benefits of their years of experience, research, and methodologies. Volume 1 covers fundamental succession and management concepts to ensure that every partner and manager is on the same page and working toward a shared vision. After reading this book you will be able to: Take steps to maximize your firm’s value Shore up your business strategy and operations Remove personal preferences and entitlements from partner discussions Build a strong partner group Ensure your firm survives the departure of key people by creating or improving your succession plan, and more!

The key to success in any organization is management and leadership. But effective management is elusive to many CPA firms because the partners are neither trained nor skilled at it. This monograph provides firms with Best Practices for how to manage a CPA firm and how to structure the leadership group.A must-read for partners who want to run their firms like a real business, this monograph offers an exhaustive examination of the Managing Partner role. Detailed job descriptions for management positions are provided. Also addressed are firm governance issues such as how decisions are made, how voting works, the role of committees, the role of a partner, partner accountability, communications and strategic planning.

It is essential that every business executive be conversant in the principles of finance. This is a handbook for developing your financial acumen to give you a stronger voice inside the executive boardroom. From accounting to finance, from risk management to capital allocation -- no stone is left unturned. This is a one-stop reference source to guide any executive through the most important decisions and conversations that go on in the executive boardrooms of every organization. Stories of failed executives illustrate the importance of financial acumen and provide a launching point for discussing finance principles in practical scenarios. Whether you are running your own company or an executive in a larger organization, you will become an impressive financial practitioner without getting mired in the details and theoretical complexities contained in most financial textbooks. Learn what matters and how to use it to your advantage to: - Analyze financial information with ease; - Make smarter business decisions; - Develop strategy and allocate capital with a financial return in mind; - Hire and manage financial people better, and; - Avoid financial disasters that can ruin your company.

How can you start a culture of feedback that improves your organization? Turn to page 27. Want to know the most important word to an auditor? Turn to page 65. Do you train people to interrupt you? Want to stop? Turn to page 106. What is the single biggest opportunity to improve your audit? Turn to page 172. Want to hear about the funnier side of auditing? Turn to the "You Know You Are an Auditor When..." Appendix on page 227. Praise for Auditing Leadership: The Professional and Leadership Skills You Need "From networking to e-mail, from team-building to selling yourself, Brian shows how to create a well-organized and effective working life. Although aimed at auditors, the countless ideas put forth in this book can be used by individuals in every field to grow and become more successful in their chosen careers. In fact, one particular assertion summed up the entire thesis for me: 'success is a mind-set, not a finish line.' Kush offers a multitude of unique and creative suggestions for establishing that mind-set." —Joe Hoyle, Associate Professor of Accounting, University of Richmond, and cofounder, www.CPAreviewforFREE.com "Auditing Leadership is a must-read for new graduates and a solid resource for seasoned professionals. Brian Kush has taken a wide range of best practice advice and distilled it into a fantastic handbook for the auditing profession." —Andrew Prather, CPA, Shareholder Clark Nuber PS "Brian's book takes you beyond the technical skills of auditing to help you become both a professional and a leader. The scope of topics covered is impressive, from e-mail communications to accountability to planning your future. The book includes sound, actionable advice that will benefit auditors at all stages of their careers, from staff to partner." —Louise M. Peabody, CPA, Member Watkins Meegan, LLC

The secret ingredient to any successful firm is great leadership. Fortunately, this new book demonstrates that great leadership skills can be nurtured and learned. Using the model of the pyramid to illustrate his concept, author Troy Waugh builds a case for ongoing leadership development, guiding you through the essential ideas and practices that are at the core of great leadership and great firms. Using this powerful framework, you can improve your personal leadership and build great leaders around you. Developed specifically for CPA firm leaders, it covers the full spectrum of leadership development, including: Leading Self Leading Staff Leading Strategy Leading Systems Leading Synergy Plus, you’ll hear from more than 40 of the profession’s top leaders. Recognizing the multitude of approaches to leadership, Waugh reached out to colleagues in some of the most well-led firms in the profession and asked them to share their leadership experience and philosophies.