Russia's new revolution

Article Abstract:

Russia's shift to a market economy is opening up new business opportunities for western accounting firms and their clients. As a result, top firms such as Ernst & Young, KPMG and Deloitte & Touche have set up offices in key Russian cities such as Moscow and St. Petersburg to help foreign companies in their dealings with local business business groups. The country, however, is not an easy place to do business in, given its political instability and erratic economic policies. Among the many problems that western companies have to deal with are poor infrastructure, bureaucratic confusion, the worrisome presence of organized crime and an accounting framework ill-suited to western-style business practices. Nevertheless, the country has become a popular destination for western multinationals eager to establish a base in the vast and largely undeveloped east and central European market.

Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Foreign operations, Russia, Ernst & Young L.L.P., KPMG Peat Marwick L.L.P., Deloitte & Touche L.L.P.

---

Terminal pessimism sets in

Article Abstract:

The employment prospects of newly-qualified chartered accountants remain bleak as the uncertain business climate prevailing continues to force many accounting firms to keep recruitment to a minimum. Indeed, the rate at which new chartered accountants are absorbed in the job market is believed to have regressed significantly. Even the newly-qualified accountants that do manage to secure jobs are feeling the impact of the recession, as starting salaries tend to be rather low. Unfortunately, The end of the recession is not expected to change the situation much since the economy may not grow fast enough in 1993 and 1994 to allow the backlog of newly qualified accountants to be fully absorbed in the job market. Moreover, starting salary levels are not expected to improve much for those newly-qualifieds who do secure jobs.

Economic aspects, Compensation and benefits, Recruiting, Accountants, Recessions

---

Prospects in the reconstruction business

Article Abstract:

The record number of receiverships and liquidations in 1991 has sharply increased the demand for the services of accountants specializing in insolvency work. Accountants interested in insolvency work should preferably have strong commercial skills, as the work often requires active participation in the management of businesses. Short-term insolvency work is a good preparation for jobs in industry and corporate finance. Accountants looking to insolvency as a long-term career will need to acquire an insolvency license, which is needed to act as a principal or insolvency partner.

Accounting and auditing, Corporate reorganizations, Bankruptcy, Receivers (Law)

Similar abstracts:

• Abstracts: Just one will do. Share valuation: difficulties and disputes. Share valuation: hypothesis and reality
• Abstracts: A panel with plenty to do. Financial services in court
• Abstracts: Professional conduct in relations to defaults or unlawful acts. Professional conduct in relation to defaults or unlawful acts by or on behalf of a member's employer: a statement by the Council for the Guidance of Members in Business
• Abstracts: Funding options. Replacement cycles. Used cars
• Abstracts: Implementation hints on a maiden standard. A challenging task ahead for all. An opinion from the coal face

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.