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...]

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...]

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...]