Comments on: Why accountants must become business advisors http://www.accmanpro.com/2009/11/24/why-accountants-must-become-business-advisors/ Thu, 09 Feb 2012 10:01:51 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Jason Holden http://www.accmanpro.com/2009/11/24/why-accountants-must-become-business-advisors/comment-page-1/#comment-7311 Jason Holden Fri, 27 Nov 2009 18:42:13 +0000 http://www.accmanpro.com/?p=5959#comment-7311 Lets be honest here Den, how many accountants have ever set up a business? Hands ups ...<br><br>Personally I have, firstly a couple of IT businesses in the late 90s and 6 years ago Holden Associates, all from scratch, all did/doing well (touches wood).<br><br>Most accountants get the role of partner because they have a paper qualification, not really good enough, but hey thats the way it works!<br><br>True a lot of accountants come across many businesses over their working life, all good experience and knowledge, but only if they pay attention and learn from it.<br><br>Personally I also went one step further, I am a full member of the IBC (<a href="http://www.ibconsulting.org.uk/" rel="nofollow">http://www.ibconsulting.org.uk/</a> ), doesn't mean I do my job any better, but I know where I am on the Business Advisor ladder, and it does not involve a systemised approach as Mark suggests, just not real world I am affriad.<br><br>But hey, each to their own .... Lets be honest here Den, how many accountants have ever set up a business? Hands ups …

Personally I have, firstly a couple of IT businesses in the late 90s and 6 years ago Holden Associates, all from scratch, all did/doing well (touches wood).

Most accountants get the role of partner because they have a paper qualification, not really good enough, but hey thats the way it works!

True a lot of accountants come across many businesses over their working life, all good experience and knowledge, but only if they pay attention and learn from it.

Personally I also went one step further, I am a full member of the IBC (http://www.ibconsulting.org.uk/ ), doesn't mean I do my job any better, but I know where I am on the Business Advisor ladder, and it does not involve a systemised approach as Mark suggests, just not real world I am affriad.

But hey, each to their own ….

]]> By: jasonholden http://www.accmanpro.com/2009/11/24/why-accountants-must-become-business-advisors/comment-page-1/#comment-7310 jasonholden Fri, 27 Nov 2009 13:42:13 +0000 http://www.accmanpro.com/?p=5959#comment-7310 Lets be honest here Den, how many accountants have ever set up a business? Hands ups ...Personally I have, firstly a couple of IT businesses in the late 90s and 6 years ago Holden Associates, all from scratch, all did/doing well (touches wood).Most accountants get the role of partner because they have a paper qualification, not really good enough, but hey thats the way it works!True a lot of accountants come across many businesse sover their working life, all good experience and knowledge, but only if they pass attention and learn from it.Personally I also went one step further, I am a full member of the IBC (<a href="http://www.ibconsulting.org.uk/" rel="nofollow">http://www.ibconsulting.org.uk/</a> ), doesn't mean I do my job any better, but I know where I am on the Business Advisor ladder, and it does not involve a systemised appraoch as Mark suggest, just not real world I am affriad.But hey, wach to their own .... Lets be honest here Den, how many accountants have ever set up a business? Hands ups …Personally I have, firstly a couple of IT businesses in the late 90s and 6 years ago Holden Associates, all from scratch, all did/doing well (touches wood).Most accountants get the role of partner because they have a paper qualification, not really good enough, but hey thats the way it works!True a lot of accountants come across many businesse sover their working life, all good experience and knowledge, but only if they pass attention and learn from it.Personally I also went one step further, I am a full member of the IBC (http://www.ibconsulting.org.uk/ ), doesn't mean I do my job any better, but I know where I am on the Business Advisor ladder, and it does not involve a systemised appraoch as Mark suggest, just not real world I am affriad.But hey, wach to their own ….

]]> By: Jason Holden http://www.accmanpro.com/2009/11/24/why-accountants-must-become-business-advisors/comment-page-1/#comment-9533 Jason Holden Fri, 27 Nov 2009 13:42:00 +0000 http://www.accmanpro.com/?p=5959#comment-9533 Lets be honest here Den, how many accountants have ever set up a business? Hands ups ...Personally I have, firstly a couple of IT businesses in the late 90s and 6 years ago Holden Associates, all from scratch, all did/doing well (touches wood).Most accountants get the role of partner because they have a paper qualification, not really good enough, but hey thats the way it works!True a lot of accountants come across many businesses over their working life, all good experience and knowledge, but only if they pay attention and learn from it.Personally I also went one step further, I am a full member of the IBC (<a href="http://www.ibconsulting.org.uk/" rel="nofollow">http://www.ibconsulting.org.uk/</a> ), doesn't mean I do my job any better, but I know where I am on the Business Advisor ladder, and it does not involve a systemised approach as Mark suggests, just not real world I am affriad.But hey, each to their own .... Lets be honest here Den, how many accountants have ever set up a business? Hands ups …Personally I have, firstly a couple of IT businesses in the late 90s and 6 years ago Holden Associates, all from scratch, all did/doing well (touches wood).Most accountants get the role of partner because they have a paper qualification, not really good enough, but hey thats the way it works!True a lot of accountants come across many businesses over their working life, all good experience and knowledge, but only if they pay attention and learn from it.Personally I also went one step further, I am a full member of the IBC (http://www.ibconsulting.org.uk/ ), doesn’t mean I do my job any better, but I know where I am on the Business Advisor ladder, and it does not involve a systemised approach as Mark suggests, just not real world I am affriad.But hey, each to their own ….

]]> By: Richard Murphy http://www.accmanpro.com/2009/11/24/why-accountants-must-become-business-advisors/comment-page-1/#comment-7312 Richard Murphy Wed, 25 Nov 2009 13:15:27 +0000 http://www.accmanpro.com/?p=5959#comment-7312 Dennis<br><br>100% agreed<br><br>Run a real business - I did, in parallel with being a partner. Something like 10 in the end.<br><br>It's shocking to realise that in real business 5th April does not guarantee an annual cycle of work<br><br>Although Christmas helped in some<br><br>My point is: accountants who think they know how to run a business because they were promoted through the ranks to partnership in a firm are sadly mistaken<br><br>Richard Dennis

100% agreed

Run a real business – I did, in parallel with being a partner. Something like 10 in the end.

It's shocking to realise that in real business 5th April does not guarantee an annual cycle of work

Although Christmas helped in some

My point is: accountants who think they know how to run a business because they were promoted through the ranks to partnership in a firm are sadly mistaken

Richard

]]> By: Richard Murphy http://www.accmanpro.com/2009/11/24/why-accountants-must-become-business-advisors/comment-page-1/#comment-7309 Richard Murphy Wed, 25 Nov 2009 08:15:27 +0000 http://www.accmanpro.com/?p=5959#comment-7309 Dennis100% agreedRun a real business - I did, in parallel with being a partner. Something like 10 in the end.It's shocking to realise that in real business 5th April does not guarantee an annual cycle of workAlthough Christmas helped in someMy point is: accountants who think they know how to run a business because they were promoted through the ranks to partnership in a firm are sadly mistakenRichard Dennis100% agreedRun a real business – I did, in parallel with being a partner. Something like 10 in the end.It's shocking to realise that in real business 5th April does not guarantee an annual cycle of workAlthough Christmas helped in someMy point is: accountants who think they know how to run a business because they were promoted through the ranks to partnership in a firm are sadly mistakenRichard

]]> By: Richard Murphy http://www.accmanpro.com/2009/11/24/why-accountants-must-become-business-advisors/comment-page-1/#comment-9529 Richard Murphy Wed, 25 Nov 2009 08:15:00 +0000 http://www.accmanpro.com/?p=5959#comment-9529 Dennis 100% agreed Run a real business - I did, in parallel with being a partner. Something like 10 in the end. It's shocking to realise that in real business 5th April does not guarantee an annual cycle of work Although Christmas helped in some My point is: accountants who think they know how to run a business because they were promoted through the ranks to partnership in a firm are sadly mistaken Richard Dennis

100% agreed

Run a real business – I did, in parallel with being a partner. Something like 10 in the end.

It’s shocking to realise that in real business 5th April does not guarantee an annual cycle of work

Although Christmas helped in some

My point is: accountants who think they know how to run a business because they were promoted through the ranks to partnership in a firm are sadly mistaken

Richard

]]> By: Mary Adams http://www.accmanpro.com/2009/11/24/why-accountants-must-become-business-advisors/comment-page-1/#comment-7313 Mary Adams Wed, 25 Nov 2009 05:44:51 +0000 http://www.accmanpro.com/?p=5959#comment-7313 One of the factors that limits accountants today is the growing gap between the needs of knowledge era businesses and the accounting model which was optimized for the industrial era.<br><br>50% goodwill in the average acquisition, 60% intangible (vs. 40% tangible) capital investment, equally large gaps between corporate and book value. All these are symptoms of the fact that accountants no longer capture the production and accumulation of value (even though it is being built with hard cash).<br><br>These gaps are only going to grow. And accountants will become more and more marginalized as strategic partners. One of the factors that limits accountants today is the growing gap between the needs of knowledge era businesses and the accounting model which was optimized for the industrial era.

50% goodwill in the average acquisition, 60% intangible (vs. 40% tangible) capital investment, equally large gaps between corporate and book value. All these are symptoms of the fact that accountants no longer capture the production and accumulation of value (even though it is being built with hard cash).

These gaps are only going to grow. And accountants will become more and more marginalized as strategic partners.

]]> By: Steve Phillips http://www.accmanpro.com/2009/11/24/why-accountants-must-become-business-advisors/comment-page-1/#comment-7314 Steve Phillips Wed, 25 Nov 2009 03:22:34 +0000 http://www.accmanpro.com/?p=5959#comment-7314 The problem with most accountants I have run into over the past 30 years is most think in terms of income statements and controls, not business processes. Until accountants get out of this mindset, no one that I know within the business operations (where most of the money is spent and value added) will take the them seriously. For example, accountants worry about how many cups of coffee an employee drinks while millions of dollars of operational deficiencies fly out the window. Accountants first of all must become educated and fcoused on business processes and best practices not becoming a production line for journal entries at the end of the month. The problem with most accountants I have run into over the past 30 years is most think in terms of income statements and controls, not business processes. Until accountants get out of this mindset, no one that I know within the business operations (where most of the money is spent and value added) will take the them seriously. For example, accountants worry about how many cups of coffee an employee drinks while millions of dollars of operational deficiencies fly out the window. Accountants first of all must become educated and fcoused on business processes and best practices not becoming a production line for journal entries at the end of the month.

]]> By: Mary Adams http://www.accmanpro.com/2009/11/24/why-accountants-must-become-business-advisors/comment-page-1/#comment-7308 Mary Adams Wed, 25 Nov 2009 00:44:51 +0000 http://www.accmanpro.com/?p=5959#comment-7308 One of the factors that limits accountants today is the growing gap between the needs of knowledge era businesses and the accounting model which was optimized for the industrial era.50% goodwill in the average acquisition, 60% intangible (vs. 40% tangible) capital investment, equally large gaps between corporate and book value. All these are symptoms of the fact that accountants no longer capture the production and accumulation of value (even though it is being built with hard cash).These gaps are only going to grow. And accountants will become more and more marginalized as strategic partners. One of the factors that limits accountants today is the growing gap between the needs of knowledge era businesses and the accounting model which was optimized for the industrial era.50% goodwill in the average acquisition, 60% intangible (vs. 40% tangible) capital investment, equally large gaps between corporate and book value. All these are symptoms of the fact that accountants no longer capture the production and accumulation of value (even though it is being built with hard cash).These gaps are only going to grow. And accountants will become more and more marginalized as strategic partners.

]]> By: Mary Adams http://www.accmanpro.com/2009/11/24/why-accountants-must-become-business-advisors/comment-page-1/#comment-9528 Mary Adams Wed, 25 Nov 2009 00:44:00 +0000 http://www.accmanpro.com/?p=5959#comment-9528 One of the factors that limits accountants today is the growing gap between the needs of knowledge era businesses and the accounting model which was optimized for the industrial era. 50% goodwill in the average acquisition, 60% intangible (vs. 40% tangible) capital investment, equally large gaps between corporate and book value. All these are symptoms of the fact that accountants no longer capture the production and accumulation of value (even though it is being built with hard cash). These gaps are only going to grow. And accountants will become more and more marginalized as strategic partners. One of the factors that limits accountants today is the growing gap between the needs of knowledge era businesses and the accounting model which was optimized for the industrial era.

50% goodwill in the average acquisition, 60% intangible (vs. 40% tangible) capital investment, equally large gaps between corporate and book value. All these are symptoms of the fact that accountants no longer capture the production and accumulation of value (even though it is being built with hard cash).

These gaps are only going to grow. And accountants will become more and more marginalized as strategic partners.

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