2013 Summer Reading for Accountants
Shortbut valuablereads for the profession
As we did last year, we searched our shelves on a quest to find books of interest to accountants that were light enough and short enough to bring to the beach, but still worth the effort.
Here they are, divided roughly by category. And yes, you do detect an emphasis on leadership
Accounting Changes: Chronicles of Convergence, Crisis, and Complexity in Financial Reporting
By Robert Herz
While prominent politicians and business figures often are expected to produce memoirs, its not common practice for important players in accounting to do so. A dip in former Financial Accounting Standards Board chair Robert Herzs book may make you wish that it was. Hes had a fascinating career, and is clearly a thoughtful guy, with a serious vision for the future of financial reporting.
Wallet Share: Grow Your Practice without Adding Clients
By Lee Eisenstaedt and Tom Siders
L. Harris Partners
The 3x3x3 model laid out in Wallet Share is deceptively simple: Go through your client base and make sure that youre selling each one three service, that you have three contacts at each one, and that they have three contacts at your firm. Properly implemented, it can unlock a tremendous source of new business, while cementing your long-term client relationships.
Leadership at its Strongest: What Successful Managing Partners Do
By Robert J. Lees, August J. Aquila and Derek Klyhn
Bay Street Group
Leadership at its Strongest creates a guide to being a successful managing partner by distilling the experience of 150 actual managing partners. It identifies and focuses on the four essential traits shared by great leaders: providing a compelling direction and strategy; engaging partners in the effort and gaining commitment; initiating activities that support their strategy; and setting a personal example.
Leading Firms: How Great Professional Service Firms Succeed & How Your Firm Can Too
By David C. Kuhlman
Many of the books that cross our desks about building successful companies are fairly generic: Be nimble. Value your people. Encourage innovation. Avoid doing stupid things. And so on. This one, on the other hand, actually includes specific advice that's actually relevant to actual professional service firms. Well worth a look for any partners who want to take their firm to the next level.
The Leaders Pocket Guide: 101 Indispensable Tools, Tips, and Techniques for Any Situation
By John Baldoni
Since leadership is awfully hard, and a 24/7 sort of job, the fact that this book is actually pocket-sized, and that its advice is short and pithy, makes it even more useful.
Faces of Fraud: Cases and Lessons from a Life Fighting Fraudsters
by Martin Biegelman
Look, it doesn't matter if you read Faces of Fraud because you want to stop them or because you want your face in a future editionthe fact is that it's a fascinating anecdotal look at frauds, cons, swindles and scams of all sizes and types. If nothing else, it'll make sure that you never, ever trust anyone else again.
The Sid Kess Approach: 60 Years of Best Practices in Tax, Education, Careers and Life
By Sid Kess (as told to James Carberry)
Sid Kess has been synonymous with tax education for many years, but this book is not about tax: It's really about Sid, and the lessons he has to teach outside of tax. Part tribute, part leadership primer and part inspirational text, it ultimately offers a pathway for personal and professional satisfaction.
CPA Firm Succession Planning: A Perfect Storm
By Marc Rosenberg
The Rosenberg Associates
This was on last years reading list, toobut you probably still dont have a succession plan, do you? Read this comprehensive look at why it matters, the challenges firms face, and how to build and develop staff to support your exit strategy.
The Affordable Care Act
Congress and the Administration
You dont really want to read thisamong other things, it would take all summer, and you'd have to read all other laws that it refers tobut you want to read something on it from your research provider of choice, because come fall, your business clients are going to flood you with questions on it .