Accountants facing digital disruption should be brushing up on their “soft skills” to raise their job market appeal. By Ben Power Search giant Google was founded by two computer scientists, Sergey Brin and Larry Page, and algorithms drive its search business. But in 2013 Google decided to analyse its hiring practices. As reported by the… Read More Hard demand for soft skills
As private firms expand their operations, human colonisation of space remains a dream. The reason? There’s no apparent pay-off. By David Walker There’s a band of space stretching for 36,000 kilometres above your head that contains almost all of Earth’s commercial space activity. For the most part it’s surprisingly mundane, delivering navigation to phones and… Read More To boldly go: if it pays
China has built an impressive new accounting industry to support its burgeoning commercial power – but the Big Four firms are not beaten yet… Read More Big Four remain a force in China
By Ben Hurley Warren Buffett says his winning 10-year bet on a simple index proves investment returns delivered by active investment experts don’t justify their fees. For most of the 21st century, active investment managers have been losing market share in retail investment to cheaper, index-tracking passive managers. The active managers have been under pressure… Read More Ditch hedge funds and go passive
By David Walker As accounting’s Big Four grow larger, their success creates new risks. Could the fairytale bubble burst? The Big Four accounting and audit firms – Deloitte, PwC, EY and KPMG – are a remarkable global business success story. Their combined revenues now top US$130 billion a year. Collectively, the Four are growing at… Read More Can the Big Four keep winning?
By Sholto Macpherson Cloud computing looks likely to trigger a generational shift in practice software. For a textbook example of technological disruption, look no further than accounting software. In the early 2000s, MYOB and Reckon had comfortably divided the world of business accounting software between them. They had largely done the same for practice software… Read More New accounting software heads to the cloud