News
Black Friday a losing game for UK retailers?
The post-Thanksgiving discount shopping bonanza, Black Friday, is a relatively recent import to the UK, and it may not be around much longer. Supermarket chain Asda will not offer special discounts this year, and research shows that 28% of major retailers in both the UK and US believe it is3 steps to improve working capital
Conflicting departmental interests often hinder efforts to improve an organisation’s working capital and cash conversion cycle. To encourage alignment of these goals across functions, the first step is to help sales and procurement teams to understand the benefits to the company of improving working capital, suggests Erik Wanberg on CFO.com.The critical digital attributes of top-performing companies
Companies with a leadership team that is heavily involved in digital strategy are more likely to achieve rapid revenue and profit growth, according to a PwC report that lists attributes of such companies as well as three barriers holding other organisations back.FASB’s leases standard gets preliminary approval
A new standard that will bring lease assets and liabilities onto company balance sheets received preliminary approval from the Financial Accounting Standards Board.How to promote knowledge flows within multinationals
In a company with teams spread across multiple countries, communication that boosts employee performance can get impeded. Find out the worst knowledge flow barriers in multinational companies and how to deal with them.Interruptions are top challenge for not-for-profit finance execs
In not-for-profit organisations, finding time to concentrate on strategy often is a challenge as busy CFOs juggle multiple duties.9 skills of a great organisational coach
Coaching is different than managing, and the skills required to be a good coach are by no means soft. Leadership expert Ron Rael, CPA, CGMA, details the traits of standout organisational coaches.How CFOs can support the transformation to a digital business model
Research by EY suggests that many finance leaders underestimate the significance that the shift to a digital business model will have for their organisation in the near future.Internal auditors turn focus to organisational culture
The daily headlines are filled with stories of companies that were damaged when culture went awry. Here’s how internal audit can deliver value by providing a clear focus on organizational culture.Disclosures of audit committee’s role increasing
Public company audit committees are increasing disclosures related to their oversight of external auditors, a Center for Audit Quality (CAQ) study shows.Companies slow to start revenue recognition implementation
The daily headlines are filled with stories of companies that were damaged when culture went awry. Here’s how internal audit can deliver value by providing a clear focus on organisational culture.IASB proposal would guide management on materiality
The International Accounting Standards Board (IASB) published its draft guidance on materiality to help company management determine whether information should be disclosed.Evaluating a company’s future worth
Find out how the chair of the Investment Association explores the challenges of assessing the future value of investment prospects using non-financial information and good judgement as well as conventional financial data.CFOs close the pay gap, slightly, on CEOs
CFOs at public companies saw their pay increase 4.9%, a higher percentage rise than CEOs but a lower percentage climb than the previous year.Tips for successful revenue recognition implementation
The effective date of the revenue recognition standard is fast approaching. Here are some of the SEC chief accountant’s tips for implementing the new standard.Why finance professionals want more career development feedback
Many finance professionals talk to their bosses about career development less frequently than they want. Two CPAs explain why it is important to get regular feedback and offer ways to encourage it.6 steps to manage risks and drive performance
Keeping enterprise risk management top of mind with board members, senior executives and midlevel managers can be challenging, says Lynn Fountain, a management consultant and former chief audit executive. These steps can help companies manage different types of risks and drive performance.Internal auditors receive modest raises
Although internal auditors in the US and Canada generally received modest pay raises in the past year, the median salaries for many US internal audit positions decreased, according to a new survey report.Stop putting out fires, at least for an hour
Futurist, author, and business adviser Daniel Burrus has revealed his biggest concern for the accounting profession: intense and chronic busyness.
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