Summer is here, which means you may have an opportunity to catch up on your reading. We’ve put together a list of top ten choices with some of our favorite books. Unbroken: A World War II Story of Survival, Resilience, and Redemption by Laura Hillenbrand – From the bestselling author of Seabiscuit, comes Unbroken, the inspiring true story of a man who lived through a series of catastrophes almost too incredible to be true. This novel will keep you glued to the pages, eagerly awaiting the … [Read more...]
By Embracing Data Analytics, CFOs Can Keep Their Status as Strategists
By RoseRyan CFOs’ résumés are getting longer and more complex. Naturally they are the stewards of the company’s finances and the operator of the treasury, financial planning and analysis, accounting and tax functions. Now, they are also embracing being strategists and catalysts. This is according to Kathy Ryan, CEO and CFO of RoseRyan, and Myles Suer, senior manager, CFO solutions, at data integration company Informatica. Ryan and Suer recently tag-teamed as speakers on a webinar about … [Read more...]
Top Nonprofit Accounting Myths Busted
By Paul Konigstein, AMS Senior Consultant Not surprisingly, the sudden demise of FEGS has been dominating water cooler talk in nonprofit offices for weeks. The question on everyone’s mind, as New York Times columnist Rachel L. Swarns put it: “How does an 80 year old agency with an annual budget of over $200 million crumble with so little warning?” Unfortunately, the answers being discussed reveal some common myths about the work of auditors and accountants. Inspired by the Discovery … [Read more...]
FASB: Going Concern Assessment Is Management’s Responsibility
By Robert Francis, CPA, AMS Senior Consultant The Financial Accounting Standards Board (“FASB”) recently clarified requirements for management to determine if its company expects to remain in business. The FASB recently issued a new standard – Accounting Standards Update No 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern – that explicitly requires management to assess their company’s ability to continue as a going concern, and in many cases … [Read more...]
New Discontinued Operations Guidance De-clutters Reporting
By Steve Jackson, RoseRyan While large valuation acquisitions of entire companies (for example, Facebook acquiring WhatsApp for $19 billion) grab the headlines, the majority of the acquisitions are for just a division or segment of a business, and they have much smaller price tags and light media coverage. Some of those deals are notable. Earlier this year, Nokia, which was once the dominant mobile handset maker in the world, sold its handset division to Microsoft for $7.5 billion. But … [Read more...]
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