News
Revenue recognition clarifications affirmed by FASB, IASB
FASB and the IASB have reaffirmed amendments they had proposed to clarify principal vs. agent guidance in the new, converged revenue recognition standard.The most innovative companies of 2015
Four key traits – including speed and efficiency in research and development – are common among this year’s list of innovation leaders.How to address rising corruption risk in sub-Saharan Africa
Sub-Saharan Africa is a hotspot for foreign direct investments but also poses rising corruption risks. To do business in the region’s high-growth emerging economies, multinationals should follow these three precautions.Intangibles make up the top 9 value drivers in the digital age
Intangibles such as customer satisfaction and brand reputation are among the most significant drivers of value in the digital economy, according to a CGMA survey.Regulation: A moving but immovable target
For the 11th consecutive quarter, regulatory requirements and changes top the list of challenges cited by US finance executives in a survey. CFOs and controllers sometimes hire consultants or ask existing staff to take on extra work to make sure they’re compliant.Economic optimism declines amongst US CPAs
Sentiment amongst US finance executives fell for the fourth consecutive quarter, according to a new survey by the American Institute of CPAs.Giving corporate holiday gifts without the bribery risk
In emerging economies, holiday gifts can create bribery risks that few multinationals are ready to address, a Deloitte survey suggests. Find out how to lower the risk without being a Grinch.China explores ways to expand IFRS use
A joint working group formed by the Chinese Ministry of Finance and the IFRS Foundation is exploring ways to expand the use of IFRS within China, especially for Chinese companies that are internationally oriented.United States issues new corporate anti-inversion rules
The IRS announced additional rules designed to curtail the ability of an inverted company to access foreign subsidiaries’ earnings without paying U.S. tax.How to account for innovation
Financial chiefs are more inclined to spend on research and development despite economic worries abroad—a scenario that highlights the increasingly complex job of the finance chief: balancing innovation and costs.IASB proposes annual improvements, change to investment property standard
In two separate exposure drafts, the International Accounting Standards Board proposed changes to its investment property standard and proposed narrow-scope amendments to three other standards.How to break down silos within your organisation
The structural silos that form in organisations are a powerful barrier to information sharing and innovation. Anthropologist Gillian Tett explains how some organisations have broken down these barriers.The relationship between pay and productivity
CFOs are expected to source commodities for the lowest possible price. But that strategy is not transferable to human resources – an employee’s value to the company in terms of engagement and productivity depends on how fairly they believe they are being treated. Writing in Fast Company, Rodd Wagner highlightsCountries with the most business-friendly regulations
Reforms adopted worldwide in the past 12 years have reduced regulatory constraints on small and midsize businesses, especially in emerging economies. Find out where the regulatory improvements have made the biggest difference.How to disagree effectively
A difference of opinion can be an opportunity to find a completely new solution, one which is larger than the sum of the competing ideas. Being open to such opportunities requires listening beyond simply deciding whether we agree with the view being expressed, writes leadership development coach Karen Kimsey-House onBlack 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.
Read the latest FM digital edition, exclusively for CIMA members and AICPA members who hold the CGMA designation.