Recognizing the Impact of the New Revenue Recognition Rules

Holly Lyke-Ho-Gland's picture

The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have issued their long-awaited converged standards on revenue recognition. The rules govern how and when revenue can be recognized in different industries. In essence, the new rule will do away with current industry-specific accounting practices and instead apply a single set of principles to all revenue transactions.

Finance in 2020: A Radical Departure

Mary Driscoll's picture

The following conversation is derived from my recent sit-down with Accenture Strategy’s David Axson, one of America’s leading thinkers when it comes to the transformation of the finance function. Mr. Axson will share his latest research and advice on APQC’s financial management webinar Finance 2020: the Rise of Analytics Competency on December 9, 2015. Wrap up the year with an eye on the future of finance. Register here

Some Large U.S. Companies Face More Cost Reduction

Mary Driscoll's picture

Some of America’s largest companies have been releasing worrisome earnings reports to Wall Street lately. The phrase being bandied about by equity analysts is “revenue light,” meaning such and such a company failed to deliver expected levels of revenue growth.  Corporate profits, meanwhile, have been sporting steady and plump gains for several years.  Shareholders expect CFOs to protect the profit picture no matter what.

Can Countries Coordinate Currency Policies & Achieve Economic Success?

Michael Cappelli's picture

In today’s globalized economic environment, government action on macroeconomic policy can have a significant impact on business activity. Interest rates, trade policy, and currency exchange rates are but a few areas in which a central government can make changes to improve the overall business climate. In commemoration of the thirtieth anniversary of the Plaza Accord, Rice University’s Baker Institute of Public Policy recently held a conference to examine the impact of the agreement on macroeconomic policy and lessons learned.

Is Your 2016 Budget Already Obsolete?

Michael Cappelli's picture

Budget season can be difficult for financial professionals. The combination of resource allocation under strict deadlines creates an unenviable, annual responsibility. While budgeting may be difficult, it does not have to be an ordeal to suffer through. Proper planning and targeted budget scope can help reduce the time organizations spend on budget iterations before finalization.

Keys to Better Shared Service Centers

Mary Driscoll's picture

On August 26, 2015, APQC conducted a webinar on benchmarking shared services centers (SSC).  The webinar highlighted characteristics that make SSCs advantageous to organizations that utilize them and how benchmarking can be used to point out opportunities for process improvement at SSCs.

Think Corporate Finance Execs Can’t Be ‘Phished’? Think Again

Michael Cappelli's picture

Greetings and salutations cherished employee,

This is an email spoofing scam masquerading as an executive or trusted vendor. It goes sort of like this:  I am travelling overseas visiting our facilities in Eastern Europe and need funds to confirm our commitment to a building expansion. Please wire 20K Euros to the account below and rest assured you are doing your job well. Your hard work is appreciated.

The Business of the Future Today, with Predictive Analytics

Michael Cappelli's picture

One of the greatest challenges any business faces is staying relevant in a competitive environment. In the past, business leaders were forced to feel out their environments and read the tea leaves of industry and market forces to stay in the game. Today, a new augur for performance and planning exists, predictive business analytics (PBA).

Corruption and Business: What the FIFA Scandals Can Teach Finance

Michael Cappelli's picture

Soccer ballThe ongoing Fédération Internationale de Football Association (FIFA) corruption investigation took a comical turn on July 20, 2015 when a British comedian began throwing fake money at long time FIFA President Sepp Blatter, requesting a World Cup be held in North Korea.

CFO Alert: Predictive Analytics Can Change Your Game

Mary Driscoll's picture

Senior business executives need to identify unique opportunities for growth, organize resources for their pursuit, and extract a sound return on investment. Those who succeed are good at understanding that performance can be proactively influenced. They create an effective and cost-efficient predictive analytics process that encompasses a range of techniques dealing with the collection, classification, analysis, and interpretation of data to gain insight, reveal patterns, anomalies, key variables, and relationships.