Ronalds LLP’s Post

The journey to becoming a CPA isn't easy. 💼 Long nights. 🕒 Endless studying. 📚 And moments where giving up feels like an option. But here's the truth: Every step up this mountain of learning is building the professional you're meant to be. You're not just learning numbers—you're learning problem-solving, resilience, and leadership. You not giving up is already a success story. 🌟 So, keep moving forward. Take it one day at a time.💪 Even take it one step at a time. Then, soon enough, you'll realize: This was worth the climb. 👏 #FutureCPA #AccountingTips #CountingWorksPRO

We love Upstream Academy content! Join the conversation with PYA’s Martin D. (Marty) Brown, CPA in this episode.

🚀 Strengthening the CPA Pipeline: A Call for Action in Accounting The accounting profession faces a growing talent shortage, with CPA exam pass rates dropping and fewer candidates entering the field. This shortage impacts firms' capacity to deliver quality services, which could pose a long-term risk to the profession. Addressing this crisis requires intentional strategies—greater exam support, mentorship, flexible work environments, and clear growth paths to attract and retain talent. Why It Matters Without proactive measures, this talent gap may affect public trust and the profession’s resilience. It’s crucial for industry leaders, educators, and licensing bodies to cultivate a new, diverse generation of CPAs ready to lead in a dynamic financial future. Building a Sustainable Future With reform and a growth-focused culture, the profession can ensure its resilience, delivering the expertise needed to support businesses and communities alike. #CPAPipeline #AccountingTalent #FutureOfFinance #AccountingProfession #Leadership

Happy Monday Leaders! In today’s rapidly changing world 🌎 , the ability to adapt and innovate is essential. Businesses across all sectors have shown us the power of adaptation and evolution to deliver on their core missions. In the education sector, teaching and learning have been transformed with the rise of interactive and online courses. 📚 🖥️ 🎓 Similarly, advertising has shifted to embrace digital platforms, reflecting the preferences of a more digital and connected audience. Even the entertainment industry has pivoted, providing on-demand content that caters to changing viewer habits. 📺 🎥 📱 At Walsh College, we have a 102-year history of embodying this spirit of innovation and adaptation. Founded in 1922, by Mervyn Walsh, the accountant for The Thomas Edison Light Company 💡, our mission began with a clear focus: to prepare working professionals for successful careers. In fact, Walsh didn’t even begin as a college, rather it was a training institute preparing professionals for success. 🙌🏻 The very first class, called Preparation for Executive Responsibilities, was held on September 18, 1922 on the sixth floor of the Detroit Opera House. Walsh Institute (as it was known back then) then went on to teach the PACE accounting method to professionals looking to sit for the CPA exam. The first woman to earn a CPA designation in Michigan was educated through Walsh Institute. When the landscape shifted to require CPA candidates to earn a four-year degree, Walsh Institute embraced this significant change. It transitioned from an institute to an upper division college, and expanded degree programming to include management, marketing, computer science/technology and more! In fact, Walsh College was one of pioneers in online education, offering online courses as early as 1998! 🎉 This evolution allowed us to continue to deliver on our mission to prepare professionals navigating changing job markets for successful careers through real-world. And the world is taking notice too! We’re so proud that Forbes recently ranked our DBA program #1 in the world, and our Master’s in Information Technology in the top ten! 🏆 This Monday’s video highlights how Walsh College has adapted through the years and invites us to consider how businesses are doing the same. Innovation fuels adaptation and helps us focus our compass 🧭 on what success looks like not only today, but also tomorrow, so we can serve our constituents well into the next millennia! Wishing you a productive and exciting week ahead! 😊 #growth #innovation #business #technology #bestcollege

Is your team's potential untapped? Investing in a robust training program could be the key to unlocking their excellence and driving your firm's growth. Our latest LinkedIn newsletter breaks down five essential elements of an effective training strategy: • Targeted Needs Assessment: Don't waste resources on generic training. Identify specific skill gaps through interviews, performance reviews, and creating tailored plans. • Certification Power-Ups: Support the pursuit of certifications like the Professional Bookkeeper (PB), CPA, or EA as a cornerstone of professional development and enhanced firm credibility. • Mentorship Programs: Pair new or less-experienced staff with seasoned veterans for real-world knowledge transfer and invaluable guidance. • Online Training: Online platforms offer flexibility and self-paced learning. Leverage resources like Universal Accounting Center to boost team proficiency. • Continuous Improvement Mindset: Evaluate and adapt your training program regularly to ensure it stays up-to-date and aligned with your firm's evolving needs. Transform your accounting firm into a powerhouse of expertise and client satisfaction. 👉 https://zurl.co/6OQb #accountants #leadership #training #professionaldevelopment #accountingfirm #smallbusinessaccounting #teambuilding

To my friends with MBAs: earmuffs please. I used to be insecure about not having an MBA – it felt like a missing credential. But after getting under the hood of the umpteenth organization, I realized a few things: 1. Yes, that’s how you spell umpteenth. 2. They’re all made up of people. 3. The trick is to maximize their talent, then laser focus it on your goal. 4. That gets harder as you get bigger. 5. So you need a mix of strategy, plans, processes, systems, etc. 6. But it can’t be just any mix, it has to be the right one for you. 7. And that’s an art, not a science. 20+ years experience taught me what does/ doesn’t work. And to focus less on the intricacies of each "best practice" out there. (With all due respect to management theory and consulting frameworks –they’re mostly variations of the same thing.) What really matters is that each structure you implement makes your organization more coherent, not less. And unfortunately the people get so enamored by their problems, that they miss the incoherence created by their solutions. Do I still wish I had an MBA? Sure. But am I still insecure? Negative.

How did you get a world rank? Over the past few months, I have received the same question from many ACCA aspirants seeking advice on how to excel in the Strategic Business Leadership exam. To benefit the wider community, I've put together this post, offering insights and tips that I hope will be instrumental in helping aspirants achieve their goals and pass the exam with confidence. 1. The paper is primarily common sense based. Hence, I would suggest not spending a lot of time on study text. Rather use it only when you lack understanding in certain concepts. 2. You don’t really need to enroll for classes for this subject. However, some may find it much more effective to prepare in a structured manner under a teacher’s guidance. Hence, it depends upon your own capabilities and preferences. 3. Attempt 100%. Write crisp, to the point sentences. Longer answers don’t fetch extra marks. 4. Time yourself during preparation. Giving mocks will help in this. Know your time allocation for each type of question. 5. Invest time in understanding how to answer specific types of questions. Be well versed with the variety of answer formats and marks allocation for each valid point made. 6. Focus on the pre-seen material. This might be an unpopular opinion, but I believe doing a deep analysis of the pre-seen and exploring permutations of likely questions will help develop the strategic thinking required with respect to the given industry and company information. 7. Give your exam with confidence and confidence comes only through consistent practice. Get into it, put in the time and ultimately reap the benefits. From personal experience, I know that a little guidance can go a long way in helping to succeed in professional exams. So, please feel free to share this post with others who may find it helpful. If you have any additional questions or need further clarification on any points, please don't hesitate to ask in the comments section - I'm happy to support you in your exam journey! Ps- Below picture taken in Munnar's lush tea gardens, unwinding after exams. A reminder to take it easy and recharge! #ACCA #SBL #Examination #Success #Growth #AIR #WorldRank #Chartered

At 24 I started and left my career in accounting because numbers didn't really do it for me (hats off to all you accountants!) BUT This is a number I am super excited about 🎉 Today I launched a brand new program for organisations that are looking to level up the ✔️Productivity ✔️Performance and ✔️Wellbeing of their people in a new and engaging way. One that has attendees: 😀"excited" to come along ⚙️Gives them practical and relevant tools in an engaging way 🏃And has them "looking forward" to putting them into practice for rapid impact ...without the no shows, prodding and struggle to get learner engagement. Even though it's early days, I'm stoked that our 🎉NPS is sitting at 79!🎉 (If you're wondering "what is NPS?!" it's a Net Promoter Score that demonstrates how likely people are to recommend your product or service using a number rating from -100 to +100, the higher the better. For context, in 2022 Evolved Thinking reported the average Australian NPS score in the Education and Training sector to be 12.2) So a wonderful thank you 🙏 to all the amazing program participants, for stepping in, stepping up and committing to your growth. I look forward to all that's to come next. Remember you were born for a reason, it's time to thrive 🌿! #learninganddevelopment #organisationaldevelopment #resilience #wellbeing #productivity #performance

Exciting news for management firms! Trace Consulting Group is now accredited to deliver educational seminars that not only empower your managers with cutting-edge knowledge but also allow them to earn CPE Credits for their continuous education. 📈 Take advantage of our one-hour sessions to stay ahead in the industry and meet your educational requirements with ease. Interested in elevating your team's expertise while earning credits? Visit our website to learn more about our seminars on our website. #EducationForward #CPECredits #TCGSeminars #ManagementExcellence

👉 What valuable lesson have you learnt from a mentor? Mine came from my dean and mentor, Mr. Bala Balachandran, at Great Lakes University. He was also a Professor Emeritus of Accounting Information & Management at the Kellogg School of Management. Many years ago, during a lecture on Strategic Profitability Management, he introduced a concept that has stayed with me ever since. He emphasised the importance of classifying costs accurately and aligning them with the appropriate revenue streams. This wasn’t just about bookkeeping; it was about understanding the profitability of each project or business line in a granular way. By applying activity-based costing to specific revenue heads, we can gain clear insights into which areas of the business are truly driving profit and which ones might need a rethink. This clarity allows us to make informed decisions about where to scale and where to pivot. For some business lines, it might mean finding ways to improve margins, while for others, it could involve making the tough call to exit the market altogether. I continue to apply many of the concepts of profitability that he taught me in my business, and they have helped me make the right decisions based on data. What advice from a mentor has stayed with you throughout your career? #Mentorship #Profitability #RevenueGrowth #StrategicThinking #ProfitMaximisation #BusinessStrategy #BusinessInsights