Fixed Asset Accounting: A Primer

Elizabeth Kaigh's picture

As many of our members know, a company that cannot get a handle on fixed asset accounting—a fundamental, meat-and-potatoes aspect of financial management—can raise a lot of eyebrows. Investors want to see that a company can get the basics right.

In this video, Mary Driscoll gives a primer on fixed asset accounting by answering the following questions:

Business Intelligence, Big Data, FP&A Leaders, and the Uncertain Future

Mary Driscoll's picture

I recently talked to Steve Williams, president of DecisionPath Consulting, about the risks and rewards business executives face when trying to understand and use analytics, big data, and business intelligence.

What’s the basic argument you would make to a CFO who doesn’t yet know how business intelligence (BI) and analytics can help to boost shareholder value?

Why Big Data Needs to Speak a Language Executives Understand

Mary Driscoll's picture

Big Data is all the rage, with more and more companies drawing on burgeoning data streams to better understand their customers and make better business decisions. But it can be tricky when you’re trying to turn data into insights and actions that provide a competitive advantage. And both data analysts and business executives can get in the way of progress.

How to Build a Business Case for Dynamic Financial Planning and Forecasting (Infographic)

Elizabeth Kaigh's picture

Financial forecasting and resource planning can be challenging under any circumstances, but today there is more demand from operating managers for forward-looking, driver-based analysis and scenario testing. APQC has found early indications that CFOs and controllers want to strengthen financial planning and analysis (FP&A) capabilities, thereby making FP&A more dynamic.

How Financial Shared Services Can Reduce FTE Numbers

Mary Driscoll's picture

I recently spoke with Brad DeMent and Trey Robinson, partners in ScottMadden’s Corporate & Shared Services practice, about the benefits, challenges, and future of financial shared services. They will both be joining me for our September 25th Webinar—Finance Shared Services: New Metrics and Best Practices.

5 Lessons from Walgreen’s Financial Forecasting Blunder

Mary Driscoll's picture

The headline in The Wall Street Journal said: “Walgreen Shakeup Followed Bad Projection.” The buzz in the financial executive community was loud. The CFO at Walgreen Co., Wade Miquelon, had in April of this year told Wall Street that the nation’s largest drugstore chain would generate $8.5 billion in fiscal 2016 pharmacy-unit earnings, based partly on contracts to sell drugs under Medicare’s Part D plans. Three months later, the CFO revised his forecast down by $1.1 billion. What lessons can we gain from blunders in financial forecasting?

Going Slow Can Cost a Lot

Mary Driscoll's picture

APQC recently published an article entitled End-to-End Mapping of an Order-to-Cash Process. The idea was to illustrate the workflows in each stage of the end-to-end process as well as depict how upstream activities can have an impact—positive or negative—on the ultimate speed at which inventory is converted into cash.

Three Questions About CFO Leadership Strategies with Samuel Dergel of Stanton Chase

Mary Driscoll's picture

I recently asked Samuel Dergel, author of Guide to CFO Success: Leadership Strategies for Corporate Financial Professionals, three critical questions for CFOs. This prompted a discussion about interest in STEM talent in finance, relationship maps, and practical wisdom for business decision makers.

Why is it we are now hearing that finance is under pressure to give wisdom to business decision makers?

How Conflict Minerals Reporting Can Improve Customer Trust

Elizabeth Kaigh's picture

The deadline for filing your company’s Specialized Disclosure Report (or Form SD) and Conflict Minerals Report is looming (effectively June 2nd). The theory behind exposing human rights violations in corporate supply chains is important, but the mix of social consciousness and SEC filings is a new kind of animal for finance and compliance leadership.

Turning Enterprise Risk Management Strategy from Theory into Action

Mary Driscoll's picture

I recently spoke with Jim DeLoach, a managing director with Protiviti Inc., about enterprise risk management (ERM) and the ways in which CEOs and board members can move beyond theory and develop actionable strategies. We began the conversation by referring to a statement made by our academic adviser, Dr. Paul Walker of St. John’s University, in the preface of our new ERM report: