News
UK windfall profits tax eligible for US foreign tax credit, US Supreme Court holds
In a unanimous decision, the US Supreme Court held that the United Kingdom’s windfall profits tax imposed on newly privatised businesses was creditable against US taxes under Section 901 of the Internal Revenue Code.Five ways for finance to become an innovation partner
The finance function isn’t just for approving or monitoring strategic initiatives; it’s becoming part of the decision-making team. A new CGMA report shows how CFOs and other finance professionals can be partners to successful innovation.Good leadership requires a flexible approach, but leaders are increasingly rigid, study shows
Inflexible leadership, which has been on the rise during challenging economic times, is creating a demotivated workforce, new research suggests.Five critical factors in the design of a strategic plan
Strategic planning can’t happen if a company is leadership-deficient, says executive coach Larry Bienati. This article focuses on five critical success factors in the design, accountability and execution of a strategic plan.Six best practices for combating fraud and corruption
Pressure to generate growth in a challenging economic climate keeps many managers from addressing fraudulent and corrupt behaviour, especially in rapid-growth markets.OECD releases framework for co-operative tax compliance
The OECD has some advice for multinational corporations: If you are more forthcoming in disclosing your tax positions, you can expect more certainty in their tax treatment.What opportunities are hidden in your supply chain?
Supply chains present opportunities for manufacturers to identify efficiencies and innovations that can create a competitive advantage.Boot the budget? Why rolling forecasts might make more sense
Traditional budgeting practices are keeping finance departments from remaining relevant in their companies, consultant Steve Player, CPA, CGMA, says.Incentives important in US finance executives’ compensation
Salary increases for US finance executives were less generous this year than in 2012. Incentives, such as annual target bonuses and stock-based, long-term awards, continue to play an important role in compensation, research suggested.IASB chair: Lease changes unpopular, but necessary
International Accounting Standards Board (IASB) Chairman Hans Hoogervorst acknowledged the converged lease accounting proposal is bound to be unpopular with many companies.Much-awaited leases proposal includes dual-recognition approach
One of the most challenging international convergence projects attempted by the US Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) cleared an important hurdle with the proposal of a revised financial reporting standard for leases.Frustration recedes, optimism rises for CFOs
CFOs are shedding their concerns over the economy in favor of a newfound optimism about the future, according to a new survey.A non-traditional approach to finance management
Corporate trainer Tom Steiner offers insight in getting CFOs to think outside their traditional box.Seven ways to address IT vulnerability
As hacking gets more complex, businesses must do more to protect critical systems. IT security expert Mike Foster offers strategies for businesses to keep out cybercriminals.Singapore announces measures to fight international tax evasion
Singapore has announced that will take steps to expand its exchange of financial information with other countries.As role changes, finance chiefs must master new languages
Nick Araco, the CEO of The CFO Alliance, explains what’s on the minds of finance chiefs in a Q&A about where CFOs have been and where they’re going.Six key components of analytics-based performance management
When business analytics are applied to intelligence within an organisation, deep insight and foresight is produced.Newly released COSO framework a fresh look at internal control
An important development in the internal control landscape was completed with the release of an update to the integrated framework of the Committee of Sponsoring Organizations of the Treadway Commission (COSO).8 steps to update internal control
These eight steps can help organisations implement the newly updated internal control framework of the Committee of Sponsoring Organizations of the Treadway Commission (COSO).
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