News
How finance and accounting can boost innovation
Find out if finance is contributing enough to innovation, and see tips for boosting strategic input from finance and accounting.IASB chair states case for leases on balance sheets
A converged proposal on financial reporting for leases by the IASB and FASB that calls for such a change has encountered resistance from some businesses in the United States.Hiring optimism up amongst US finance professionals
US companies’ concerns about hiring have dissipated in the past year. More finance professionals expect their organisations to add workers, according to the latest American Institute of CPAs Business & Industry Economic Outlook Survey.G20 leaders call for automatic exchange of information to fight tax avoidance
“Tax avoidance, harmful practices and aggressive tax planning have to be tackled,” the leaders of the G20 countries said in a declaration adopted at the end of their summit meeting in St. Petersburg, Russia, and they approved plans to address these problems.US Treasury to recognise all legal same-sex marriages for tax purposes
Under the revenue ruling, marriages that are legal in the state where the couple married will be recognised for federal tax purposes, and terms such as "husband" and "wife" will include married individuals of the same sex, regardless of whether the couple’s state of domicile recognises same-sex marriages.US standard-setter’s advisory panel opposes leases proposal
The converged proposal on financial reporting for leases continues to face resistance with the deadline for comment letters little more than one week away.Adding service to the mix
There’s a business model movement afoot that has what were once product-focused businesses, such as Rolls-Royce Aerospace, selling the service, solution or outcome that their products provide.Rising transfer-pricing scrutiny dials up risk
Governments, particularly those in emerging economies, have stepped up scrutiny of transfer-pricing practices and enforcement of transfer-pricing rules in the past three years, research by EY suggests. But companies can prepare for more examinations and avoid penalties.How to use employee engagement surveys to improve business results
Many businesses are missing out on the opportunity to use their employee engagement surveys to drive improvements and create predictive analytics, according to a PwC Saratoga webcast.US and Switzerland announce bank anti-tax evasion programme and penalties
The United States and Switzerland announced a programme that will allow Swiss banks not already under criminal investigation to provide information to the US Justice Department and avoid prosecution.Five risky areas in mobile banking
Mobile banking offers convenience to consumers but also has created concerns about fraud, data security and privacy. Regulators have taken notice of the potential risks and rewards, and have offered some direction to companies and consumers.How one company implemented a leaner way of thinking
Irving Oil was able to combine lean thinking and activity-based costing to drive efficiencies throughout the company, a process that continues on the way to a goal of $100 million in cost reduction by 2014.Some CFOs say employees don’t understand company’s strategic goals
A Robert Half survey shows that about one-third of US CFOs believe workers are lacking clarity when it comes to the organisation’s strategic business goals. Workers who understand the strategy are more motivated to do their jobs, a Robert Half executive says.How CEOs seek growth differently across the world
Businesses worldwide are looking for growth in a challenging global economy. Find out the different ways CEOs pursue growth across the world.Leases case study: How J&J prepared a global inventory
Johnson & Johnson (J&J), the global health care products company, has received two distinct benefits from creating its inventory of leases.Four questions to ask before re-tooling HR
More than one-third of organisations are considering changes to their human resources structure in the next 18 months. In this period of change, HR can focus on four key areas to improve service, delivery and efficiency.China to sign Convention on Mutual Administrative Assistance in Tax Matters
China will become the latest signer of the Organisation for Economic Co-operation and Development (OECD) and European Council’s Convention on Mutual Administrative Assistance in Tax Matters, the OECD announced.US, UK audit regulators to continue cross-border co-operation
Audit regulators in the United States and the UK agreed to continue co-operating on cross-border supervision of audit firms, the UK Financial Reporting Council (FRC) announced.Five ways to make sure you’re not too Facebook friendly with co-workers
Senior managers are increasingly uncomfortable with receiving a Facebook friend request from a co-worker, according to a survey of US workers. The discomfort is more acute when the request is from a supervisor or a direct report.
Read the latest FM digital edition, exclusively for CIMA members and AICPA members who hold the CGMA designation.