Performance and Cost Management, Analysis and Control

The Lowdown on Lean Accounting

EXECUTIVE SUMMARY LEAN MANUFACTURING PRINCIPLES FOCUS on eliminating waste and producing only to meet customer demand. They also typically require a company to move from a functional division of work to work cells where all of the processes needed to manufacture a product or line occur next to each other

Choose the Right Tools for Internal Control Reporting

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 Sarbanes-Oxley Act of 2002. NEW SOFTWARE PRODUCTS CAN IMPROVE corporate governance and external communications about financial performance. They also can enhance the efficiency

Bring the Real World to the Classroom

EXECUTIVE SUMMARY SOME PROFESSORS ARE BRINGING practitioners into the college classroom to talk to their students about the profession and its opportunities. Here are some tips about how such exposure can double as tailor-made recruiting. CPA GUEST SPEAKERS CAN demonstrate professional diversity and encourage students to stay with an accounting

International

IFAC Issues Bank Audit ED and Cost Accounting Study The International Federation of Accountants is seeking responses to a proposed international auditing statement that will provide practical assistance to auditors in applying international standards when they audit commercial banks. Special considerations arise in bank audits because of the nature of

Squeeze Play

The management accounting profession is going through a major sea change as two opposing forces come into play. The first is the downsizing through reengineering of the financeand hence management accountingfunction; the second is the growing importance of cost management. (For more on these subjects, see A Smarter Way to

VIDEO

Excel walk-through: Sparklines

Want to liven up your spreadsheets with some color and graphical elements? Kelly L. Williams, CPA, Ph.D., shows how to use Excel sparklines, which illustrate data trends and patterns via small charts that fit in a single Excel cell.

PODCAST

What’s next for potential CPA licensure changes

A new model proposed by NASBA and the AICPA is designed with an eye on the future for newly licensed CPAs. The AICPA's Carl Mayes, CPA, provides background on the project and a look ahead to 2020.