Accounting operations management

What's your fraud IQ?

All organizations issue payments for expenditures, whether inventory purchases, repairs and maintenance expenses, utilities, or contract services. How well do you know the warning signs and preventive strategies for check and electronic payment tampering? Test your knowledge in this month’s interactive quiz.

From CGMA Magazine: Finance's role in fostering innovation

The finance function is rarely expected to be the originator of a breakthrough product or technology. But it has an important role in ensuring that great ideas are spotted, encouraged, financed, and delivered efficiently to the market. “A finance function needs to be able to understand the business well enough

A nontraditional approach to finance management

Tom Steiner would like to get CFOs to stop thinking so logically all the time. He contends that the world is emotional, not logical, and that “linear, logical people that concern themselves with numbers” are too focused on tasks instead of the people performing those tasks. Steiner, nicknamed “Dr. Tom”

MD&A reporting tips

Deciding what to include in the management discussion and analysis (MD&A) section of a financial report isn’t always easy. During a session at the AICPA Conference on Current SEC and PCAOB Developments, Katherine Gill-Charest, CPA, the chief accounting officer at Viacom, and Brian Lane, a corporate securities lawyer at Gibson,

CPAs continue to forecast storms ahead for U.S. economy

Economic optimism, which started the year on an upswing, has fallen to a 12-month low, according to the latest AICPA Business & Industry U.S. Economic Outlook Survey, which was released Thursday. A big reason for the gloomier mood: Washington. “The overwhelming majority of comments this quarter focused on the fiscal

Private-company financials often shielded from employees

Employees at publicly traded companies have an advantage when it comes to understanding the financial health of their companies. After all, public companies are just that: public. And they release detailed financial results each quarter for the world to see. Employees at private companies, however, aren’t as plugged in. Indeed,

Execs less optimistic about hiring, U.S. economy, AICPA survey shows

Lower hiring expectations and a steep drop in optimism about the U.S. economy summed up the uncertain mood of CPA financial executives who took part in the AICPA’s Business and Industry Economic Outlook Survey for the second quarter of 2012. Optimism about the U.S. economy dropped significantly after rising for

CFO round table: Managing uncertainty

Three CFOs from three very different industries offer insight into the fickle global marketplace—and how their roles are changing because of it.

Eight steps for implementing a technological overhaul

Author, venture partner, and consultant Geoffrey Moore made a pitch for a technological revolution Friday afternoon in the closing speech at the AICPA’s spring Council meeting. Consumer-facing business processes in professional services need to be re-engineered to accommodate the digital needs of clients and employees who already are using consumer

From CGMA Magazine: Executives turn data into internal insight

Prolonged economic sluggishness—which has limited organic growth and stymied mergers and acquisitions the world over—has given many companies something they didn’t have when things were busier: time, and reason, to think differently about new ways to build value. One place they’re increasingly applying the magnifying glass: their own ranks. More

Finance executives’ outlook on U.S. economy improving, survey shows

CPA financial executives displayed a more positive but still wary view of the U.S. economy in the most recent quarterly Business and Industry Economic Outlook Survey, released Thursday by the AICPA. Those indicating optimism for the U.S. economy increased from 19% in the previous quarter to 43%. Optimists outnumbered pessimists

Helping CEOs connect the dots

The business world is experiencing an extraordinarily challenging period. The multiple pressures exerted on executives in terms of global competition, increasing regulation, climate change and growing expectations from consumers has resulted in a call for a new business paradigm. At the end of last year, the AICPA joined forces with

CGMA launch focuses on nonfinancial value, long-term business strategies

A panel of executives meeting in the finance capitals of New York City and London discussed new research Tuesday on the importance of the human dimension and nonfinancial value in long-term business strategies. The event, hosted by the AICPA and the Chartered Institute of Management Accountants (CIMA), was part of

CEOs seeking value in human dimension of business

The human dimensions of business – areas such as talent development, intellectual property and relationships with suppliers and customers – will be the primary focus of top executives during the next 18 to 24 months. And one of their first challenges will be determining the value of these factors to

Survey of CPAs Shows Economic Pessimism Still Prevalent, But Shrinking

Pessimism about the U.S. economy among CPA decision makers has shrunk slightly, but remains high, according to the AICPA Economic Outlook Survey for the fourth quarter of 2011. Forty percent of the 916 qualified respondents in the survey said they were somewhat or very pessimistic about the economy. That was

Building Blocks of a Successful Financial Close Process

Financial close systems, processes, people and their interconnectivity can be complex, but successful improvements to the process can be achieved by introducing some simple building blocks that are inexpensive to implement. Regardless of company size or complexity, all successful financial close processes require continuous communication, comprehensive documentation and a flexible,

Economic Optimism Slumps, Execs Anticipate Double-Dip Recession

Economic optimism dropped to a two-and-a-half year low as more than 60% of CPA financial executives thought it was likely the U.S. would experience a double-dip recession, according to results released Wednesday from the AICPA Business & Industry Economic Outlook Survey Q3 2011. Optimism for the U.S. economy significantly dropped

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How to make the most of a negotiation

Negotiators are made, not born. In this sponsored report, we cover strategies and tactics to help you head into 2017 ready to take on business deals, salary discussions and more.

VIDEO

Will the Affordable Care Act be repealed?

The results of the 2016 presidential election are likely to have a big impact on federal tax policy in the coming years. Eddie Adkins, CPA, a partner in the Washington National Tax Office at Grant Thornton, discusses what parts of the ACA might survive the repeal of most of the law.

QUIZ

News quiz: Scam email plagues tax professionals—again

Even as the IRS reported on success in reducing tax return identity theft in the 2016 season, the Service also warned tax professionals about yet another email phishing scam. See how much you know about recent news with this short quiz.