Accounting gets the Hollywood treatment

Tech giant Autodesk stumbles over a persistent discount program, while UPS gains attention for its cautious accounting. And while talent shortages push CFOs toward outsourcing, new accountants face burnout. Is this a global trend? Plus: check out this news of an accountant accused of stealing almost $600K from their employer. - Bianca Prieto, Editor

In Today's Newsletter:

⚫ Autodesk Inc. faces scrutiny regarding sales practices
⚫ UPS disappoints investors with prudent accounting
⚫ Hollywood's lessons for number crunchers
⚫ CFOs embrace outsourcing to address dwindling talent
⚫ Warnings about new accountant burnout
-Written by Paul McCormack

Can Autodesk recover from discount snafu?

Autodesk, Inc. continued to use a risky sales strategy involving upfront discounts for multi-year contracts, despite promising to stop in 2021. Internal documents reveal that the company ignored warnings from employees about the strategy's potential harm to long-term revenue. A previous internal investigation led to the removal of Autodesk's CFO. (Yahoo! News)

🎙 Accounting receives the Hollywood treatment

"When you take that concept of what a story is, a character who wants something and overcomes obstacles to get it, and experiences transformation as a result, you have a framework to understand every moment of our waking life." - Jeff Bartsch

Jeff Bartsch, once a TV producer, now helps accountants build smart storytelling strategies. In this episode, he discusses his journey from TV to accounting, illustrating how storytelling helps accountants connect with clients, improve communication, and become trusted advisors. (The Accounting Podcast)

97%

The accuracy at which a new brain-computer translated brain signals into speech. (Science Daily)

• Vacation time: Can accountants ever truly switch off?
• Is UPS's conservative accounting hurting earnings?
• Survey: 90% of CFOs outsource accounting
• What is "carbon accounting" and should you practice it?

Study: Young accountants face burnout risk

Research from Springfox, the Australian arm of the Resiliency Institute, indicates that resilience in young workers is declining, contributing to fewer individuals entering the accounting profession. Springfox stresses the importance of nurturing junior accountants through proper onboarding, manageable KPIs and promoting work-life balance to help reduce stress and attract workers to the profession. (Accountants Daily)

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