Accounting Standards

Reputation

Reputation: The Hardest Risk to Manage

08/04/2014(0)
GlaxoSmithKline’s unfolding bribery scandal is an object lesson in how a direct hit to its reputation can devastate a company’s finances. Protecting an organization’s reputation is the most important ... Read More
balance-sheet-2

Excel: The power of mapping

07/04/2014(1)
Many financial systems do a fine job of generating standard reports, but accountants often need more. In those cases, accountants can create custom solutions in Excel, but that approach ... Read More
europe-growth

EU Enacts 10-Year Auditor Rotation

04/04/2014(0)
The European Parliament today enacted new rules requiring public companies to change auditors after a maximum of 10 years. EU member countries can decide to extend the 10-year auditor ... Read More
accounting

Audits of Special Purpose Frameworks: Obtaining Substantive Evidence from Engagement Letters

03/04/2014(0)
For some auditors, obtaining engagement letters has become a routine procedure. Copying the letter format from purchased practice aids, making slight modifications to the content and mailing the letter ... Read More
tax2

R&D Tax Credit Can Help High-Growth Companies

02/04/2014(0)
As a company grows, execs should be aware that changes in the firm’s legal structure can affect its R&D credit. In 2010, U.S. businesses reported research and development tax ... Read More
accountability

Insolvency profession says fee changes will see fewer rescues

31/03/2014(0)
THE INSOLVENCY PROFESSION believes that government proposals to change fee structures in corporate collapses will lead to fewer business rescues. More than three quarters (77%) of practitioners said that ... Read More
finance

Fixing Finance: Work in Process

28/03/2014(0)
Despite the enormous costs that have been wrung out of finance department operations, CFOs have plenty of reasons to push for more process improvement. The cost of finance at ... Read More
legal

Mehjoo case gives firms greater certainty

27/03/2014(0)
THE LONG-RUNNING dispute between midlands firm Harben Barker and former client Hossein Mehjoo had threatened to have major, unwelcome, ramifications for the profession. That the whole unedifying episode is ... Read More
GAAP

Mind the Non-GAAP

27/03/2014(0)
Nontraditional financial metrics can shed valuable light on a company’s operations – or obscure its true condition. Normalized adjusted EBITDA less capex. Adjusted consolidated segment operating income. Adjusted EBITDA ... Read More
onestopbrokers-Accounting

Why Companies Suffer Large, Unexpected Credit Losses

26/03/2014(0)
For companies that sell business-to-business products and services, many things can contribute to a company incurring a loss from a bad debt. The most important factor is probably the ... Read More
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