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Five Tips for Creating Your Family Business Succession Plan

September 12, 2016 By The FINACA

By Tony Boschetto, CPA, Director,  Business Advisory Services, Accounting Management Solutions Family businesses are often considered the backbone of the American economy. Not only do they account for 50 percent of the US gross domestic product, they are also responsible for 60 percent of the nation’s employment and 78 percent of new jobs created. With so much at stake, it is troubling to read the results of a CNBC Poll that found that only 20 percent of family-owned … [Read more...]

Filed Under: From the Firms

What’s Your Move? The Big Consideration for Data Security.

June 17, 2016 By The FINACA

Pat Voll, vice president of RoseRyan, a founding FINACA member, weighed in on this question during a CFO.com debate along with three other experts. She urged senior executives to consider the “who” rather than the “what” when looking at where they store their information. … [Read more...]

Filed Under: From the Firms

RoseRyan’s in Accounting Today: A playbook for developing a unique firm culture

April 30, 2016 By The FINACA

RoseRyan’s journey to define and cultivate its culture.  Vice President Pat Voll, notes that because of its deep foundation, RoseRyan is firing on all pistons, with the whole far greater than the sum of its parts. She urges taking the long view on this kind of work as well. Read Voll’s article, loaded with tips, here: … [Read more...]

Filed Under: From the Firms, News

An Updated Revenue Recognition Policy

April 7, 2016 By The FINACA

By Michael Bevilacqua, Senior Operational CFO at Accounting Management Solutions If you’re a Chief Financial Officer, Chief Accounting Officer, Controller or any other title tasked with oversight of accounting policies, it’s a good guess that you, like most, have put off writing your new revenue recognition policy to comply with ASC 606.  This is likely if you’re in an investor backed entity, owner managed entity, or any other entity that doesn’t quite crack the Fortune 1000.  There are … [Read more...]

Filed Under: From the Firms

Vault Consulting: A Strategic Evolution

January 25, 2016 By The FINACA

As we look forward to the promise of new beginnings and a new year in 2016, we are enthused to announce a strategic transformation at Veris Consulting that is designed to best serve our client partners. Effective January 1, 2016, Veris Consulting’s outsourced accounting, survey research and primary market research divisions will become Vault Consulting. The esteemed group of financial forensic consultants will continue to serve the for-profit market under the existing name Veris, while Vault … [Read more...]

Filed Under: From the Firms

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5 Accounting Terms for Not-for-Profits

Certified Public Accountant and Senior Manager on the outsourced accounting side of Vault Consulting walks through five phrases she believes every Not-for-Profit should be familiar with.  Internal Controls Organizations need to have good policies and procedures to minimize vulnerability and make sure everything is done the correct way. To avoid fraudulence or embezzlement, procedures and policies […]

Tired of performance reviews?

How one firm radically reshaped its evaluations — by bringing in clients. A few years ago, my Silicon Valley advisory firm was stuck in the annual cycle of time-consuming, backward-looking and mostly ineffective process of performance reviews. Employees were split over whether the feedback was useful, and the information we got out of the reviews didn’t come close to offsetting the amount of work that went into gathering and distributing them. We wanted a better sense of how our people were doing on the job. That way, we can provide them with the kind of helpful input that will motivate them to keep up the good work or provide training if they need to improve a particular skillset.

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