News
UK “strategic report” guidance targets clarity, usefulness
Strategic reports that are newly required for some UK companies should provide investors with concise, useful information, according to new guidance released by the UK Financial Reporting Council.Best practices for sustainability in SMEs
Sustainability matters for organisations, not only to meet the demands of stakeholders but also to improve financial results. A CGMA report discusses ten sustainable business practices for small and medium-size enterprises.US tightens information filing requirements for foreign corporations
The US tax agency, the Internal Revenue Service (IRS), issued final and proposed regulations amending the rules for filing the information return it requires from foreign corporations engaged in a US trade or business and US corporations that are 25% foreign-owned.US finance professionals are upbeat, but they have staffing concerns
Finance professionals continue to express optimism about the US economy and their own businesses, according to the latest quarterly economic outlook survey by the American Institute of CPAs.UK regulator: “True and fair” trumps accounting standards
New guidance for UK companies from the UK Financial Reporting Council reconfirms that accounting standards should be overridden when compliance with the standards results in accounts that do not portray a true and fair view in financial reporting.Eight cures for your costly time-management ills
Companies are wasting valuable resources because they do not monitor and track employee time as tightly as other resources, according to a recent survey. Find out how to cure eight costly time-management ills.In-demand accountants see salaries rise
A combination of a skills shortage and the opportunities provided by the resurgent UK economy have created a highly competitive market for finance and accounting talent.Revenue recognition transition issues to be tackled by new group
A new group devoted to dealing with transition issues related to the new, converged revenue recognition standard will meet twice in 2014 and four times in 2015.EC report recommends adapting tax rules to digital economy
A group of experts recently presented the European Commission a final report discussing how the EU should tax the digital economy. The group advises that EU tax policy must focus on digital economy tax issues.How preparers can make revenue recognition implementation smooth
Financial statement preparers are embarking on a daunting task as they begin to ramp up for implementation of the new, comprehensive, converged standard on revenue recognition.What predictive modelling can tell us about World Cup 2014
Analysts at Goldman Sachs have used statistical modelling to pick their top prospects for the World Cup, which begins June 12 in São Paulo.Accounting may need help in revenue recognition implementation
Many companies are going to find that the attention of finance and accounting will not be enough to ensure successful implementation of the new revenue recognition standard.New revenue guidance: Six things to consider
Members of the US Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have a good sense of the most important things to consider as a result of the new standard, beyond the obvious takeaway of greater comparability across industries and jurisdictions.FASB, IASB release historic revenue recognition standard
The release of a highly anticipated financial reporting standard marked a grand achievement in the effort to converge international accounting rules.The 100 most valuable global brands
Technology companies dominate the 2014 list of the world’s most valuable brands. We look at the trends and offer tips on growing brand value.Mandatory audit firm rotation rules published in EU
A mandatory audit firm rotation requirement and other audit market reforms have formally became part of EU law.Access to talent a rising concern for CEOs around the world
Availability of key skills is the biggest threat to organisations’ growth, according to 63% of CEOs in a PwC survey. That’s an increase of five percentage points from last year. The report lists five priorities that can help CEOs and other stakeholders combat a lack of talent.Three global drivers of productivity
Find out the three key areas that drive productivity across industries, countries, and company size and where in the world these areas are tended to best.Investors yearn for sustainability disclosures
Institutional investors want more sustainability information from corporate disclosures in most regions, a new survey shows.
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