Beating the Odds in M&A

August 29, 2008

The chances of success may be no better than 50-50. How to tip the balance in your favor? A new A.T. Kearney study isolates the key success factors.

Yee-Ha: Public Accounting Report Gives High Marks to Texas Universities

The Public Accounting Report honors top accounting programs.

Transfer Pricing Under the Microscope

August 28, 2008

Tax authorities in the United States and around the world are stepping up their scrutiny of multinational companies' cross-border transfers. A report from KPMG lists the red flags and identifies ways to mitigate the risk.

SEC Sets Road Map for IFRS

The Securities and Exchange Commission voted to publish for public comment its long awaited proposed road map that could lead to the use of International Financial Reporting Standards (IFRS) by U.S. issuers beginning in 2014.

Time to Put Your G/L on a Diet?

August 27, 2008

Dating back to the days of the mainframe, general ledgers have grown steadily flabbier as companies have piled more and more detail into their chart of accounts. The result: slow, inefficient, redundant financial systems. A white paper from ISA Consulting points to a way out.

Report: Globalizing G&A Delivers Massive Savings

August 26, 2008

Many companies that offshore their general and administrative processes, either through a captive offshore operation or a business process outsourcing (BPO) service provider, save 25 percent to 50 percent of their baseline costs, according to new research from The Hackett Group.

PCAOB Prevails in Lawsuit

The efforts of a Washington-based conservative think tank, the Competitive Enterprise Institute (CEI) to bring down the Public Company Accounting Oversight Board (PCAOB) were thwarted by the Court of Appeals for the District of Columbia.

The Big Easy

August 25, 2008

How advances in optical character recognition and intelligent data capture are easing the ebb-and-flow of accounts payable processing.

Are You Ready for Carbon Finance?

August 25, 2008

John McCain and Barack Obama both want to introduce a cap-and-trade system for greenhouse gas emissions. A PricewaterhouseCoopers report looks at the implications for corporate financial statements.

Taking the Long View on XBRL

Experts take on XBRL's unanswered questions.

A Toxic Topic in the Workplace

As the Presidential election draws closer, the conversation around the water cooler or in workplace blogs tends to stray into the generally verboten political arena, which can lead to serious problems for senior executives or managers who air their views too vocally.

The XBRL Head Fake

August 20, 2008

Behind the SEC's recent mandate sits not another hefty compliance challenge, but perhaps one of the biggest accounting breakthroughs in years.

Getting to Grips With Spreadsheet Risk

August 19, 2008

Sarbanes-Oxley was a wake-up call, but few companies had the time to get methodical about spreadsheet risk management. Now they’re coming back to the problem with robust methodologies and new software tools.

Top Performers Get Top Rewards

If you're an outstanding finance executive or manager at an oil and gas company or business processing outsourcing organization there's good news for you on the compensation front. But if you're an average performer working in a non-growth industry, such as banking or retail, your pay next year will likely keep you barely ahead of inflation.

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Watch Costing Prof. Charles Horngren

August 18, 2008

Business Finance interviewer Steve Player speaks to legendary costing professor Dr. Charles Horngren of Stanford University, whose market-leading textbook, Cost Accounting: A Managerial Emphasis (first issued in 1962 and now in its 13th edition from Prentice Hall), has been used to train more CFOs than any other text. See related article.

The Pragmatist's Guide to Best Practices

August 18, 2008

For those of you who know the frustration that comes when so-called best practices fail to live up to their flattering handle, the Pragmatist knows your pain.

A New Map of the GRC Universe

August 18, 2008

The Open Compliance and Ethics Group (OCEG) has released an updated version of its GRC Capability Model, aka the Red Book. The Phoenix, Ariz.-based nonprofit describes the document as “a comprehensive guide for anyone implementing and managing a GRC system or some aspect of that system, including those involved in compliance, training, hotlines and investigations.” Business Finance talked with OCEG’s CEO, Scott Mitchell, about the Red Book’s view of the GRC universe.