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1. Get Ready to Restructure  

BY STEVEN L. MINTZ
Coping with a downturn often means restructuring for companies. Every restructuring has many moving parts—including layoffs, impairments, asset revaluations and debt relief. To engineer a favorable outcome, stay ahead of events, says Scott Davis, a partner in the Corporate Advisory and Restructuring Services practice at Grant Thornton. He offers these tips Conserve cash.

2. Four Options for Measuring Value Creation   CPEDirect

BY KENNETH A. MERCHANT, TATIANA SANDINO
In casual, everyday language, it is often said a corporation’s primary role is to generate profits. However, the primary role of a corporation is not to generate profits it is to create shareholder value. When corporations focus their internal performance measurement systems on shortterm profits or accounting returns—not shareholder value—bad things often happen.

3. Management Accounting Research for the C-Suite  

BY Cynthia Bolt-Lee
This second installment in a series of columns on accounting research summarizes results from the field of management and cost accounting. The 2006 through June 2007 issues of five toptier journals in management and cost accounting research were examined. Those publications included, alphabetically, Accounting, Organizations and Society The Accounting Review Contemporary Accounting Research the Journal of Accounting Research and Management Science.

4. How to Keep Them Once You’ve Got Them   CPEDirect

BY Bill Bufe, Leslie Murphy
EXECUTIVE SUMMARY A REGIONAL FIRM, PLANTE & MORAN (P&M), developed and implemented a strategy called “rerecruiting,” an ongoing program based on staff recognition and appreciation, to maximize staff retention. Its turnover rate for the past decade ranks between 8 and 15 annually—well below industry standards.

5. Choose the Right Tools for Internal Control Reporting  

BY Bruce I. Winters
EXECUTIVE SUMMARY CPAs CAN PROVIDE A VALUABLE service to their employers or clients by helping them plan their strategic approach to compliance with section 404 of the SarbanesOxley Act of 2002. NEW SOFTWARE PRODUCTS CAN IMPROVE corporate governance and external communications about financial performance.
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