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MCS division targets member needs with strategic planning.


The AICPA AICPA

See American Institute of Certified Public Accountants (AICPA).
 management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business
service industry - an industry that provides services rather than tangible objects
 services division is developing a strategic plan to identify changes needed to serve MCS practitioners better in the future. During the strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people.  process, which began last November, informal feedback received from division members on issues facing CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000.  consultants was used as a source for recommendations. The final delivery of the strategic plan and its operational strategies to MCS division members is targeted for July.

The MCS division also received approval from the AICPA board of directors to develop a specialization accreditation program in business valuation. The business valuation specialist (BVS BVS Biblioteca Virtual em Saúde (Brazil)
BVS Bureau of Vital Statistics
BVS Brethren Volunteer Service (Church of the Brethren)
BVS Boston Vegetarian Society (Cambridge, MA) 
) is the second specialist designation authorized by the AICPA, the first being the personal financial specialist (PFS PFS,
n post facilitation stretch; therapeutic approach utilized during proprioceptive neuromuscular facilitation in which the patient begins the stretch midway between the fully relaxed and fully stretched position and uses maximum level of effort to
). The first BVS qualifying examination will be held in September. The division is preparing a data base that can be shared by successful BVS candidates and is developing standards for business valuations.

The division also is moving to upgrade its member services. The most recent quarterly newsletter, the CPA Management Consultant, includes a fax survey to gauge member opinions and is devoted largely to emerging opportunities in consulting services. The winter 1993 newsletter contained articles by practitioners on environmental consulting Environmental consulting is often a form of compliance consulting, in which the consultant ensures that the client maintains an appropriate measure of compliance with environmental regulations.  and on helping clients avoid overcharges when negotiating property leases.

Practice aids, the division's nonauthoritative guides, have also taken on a new, more readable look. Members receive four different types of practice aids. Industry consulting practice aids give members background information on various industries; technical consulting practice aids concentrate on technical topics, such as financial models or disaster recovery planning; small business consulting practice aids stress small business problem areas, such as helping a client to obtain loans; and practice administration aids include topics such as managing a more profitable MCS practice.
COPYRIGHT 1993 American Institute of CPA's
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:management consulting services
Publication:Journal of Accountancy
Article Type:Brief Article
Date:Jun 1, 1993
Words:284
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