News
‘More than insignificant’ is key judgement in leases proposal
Accountants may have difficulty at times determining what constitutes “more than insignificant” consumption of a leased asset by a lessee under a proposed standard being jointly developed by the US Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB).Emerging market multinationals must grow leaders from within
Leadership teams at multinational companies based in rapid-growth markets need more international experience and a proper balance of global and local expertise, a new survey says.PCAOB to conduct joint audit inspections with Spain’s regulator
PCAOB adds another European Union regulator to list of joint inspections partners.IIRC drafts outline for standards of integrated reporting
The International Integrated Reporting Council has taken an important step toward guiding businesses to think in nonfinancial terms when issuing financial reports. The IIRC’s outline comes after an initial discussion paper on the reasons companies should consider social and environmental impact in addition to financial performance.Five ways – and one illustration – to improve your performance reviews
Ninety-four per cent of CFOs believe performance reviews are effective, but that sentiment does not trickle down to employees, according to an Accountemps survey. Nearly one-third of workers say reviews are ineffective. Accountemps provides more than data, adding tips for bosses to conduct more worthwhile reviews.Risky business
How do leading finance chiefs measure and tackle risk within their organisations? We quiz David Horan, CPA, CGMA, the CFO at Dealer Services Corporation; Atul Patel, group FD at IT security firm NCC Group; Jeff van der Eems, COO of United Biscuits; and Jackie Hunt, CFO at Standard Life.How more Asian companies plan to reach across the globe
This decade, Asian companies are projected to expand rapidly across the globe. A poll of more than 600 business executives in East and Southeast Asia provides clues about their business growth strategies and how they plan to face potential growing pains along the way.Eight questions for a holistic risk assessment
In recent years, according to an International Federation of Accountants (IFAC) report, internal control has come to be viewed as an integral part of risk management and governance rather than a separate concept unto itself.Companies turn inward to help turn a profit
In an uncertain economy, companies expect to continue making money by focusing on efficiencies, according to a Deloitte survey of CFOs. But the strategy won’t last forever, some CFOs warn.Six ways to make financial statement disclosure notes clearer
A recent European Financial Reporting Advisory Group discussion paper is a significant step toward streamlined disclosures in financial reporting.New US tax rules aim to shut down certain outbound asset reorganisations
The US Internal Revenue Service (IRS) issued rules to govern certain outbound asset reorganisations involving the transfer of intangibles under US tax Code Sec. 367(d) occurring on or after July 13th, 2012.US regulator’s report offers detailed look at IFRS
As expected, a report released Friday by the US Securities and Exchange Commission (SEC) did not contain a recommendation on whether US public companies should be allowed or required to adopt IFRS for their financial reporting.With SEC report looming, uncertainty over IFRS expected to linger
Although the release of a long-awaited US Securities and Exchange Commission (SEC) staff report discussing IFRS adoption is imminent, uncertainty over the issue appears certain to linger.One-to-One: Top tips from the boardroom
The need to measure and manage the human dimension has never been greater if companies are to achieve sustainable success. That was the clear imperative acknowledged by CEOs in the report that marked the launch of the CGMA, Rebooting business: Valuing the human dimension. In addition to surveying 280 CEOsMore domestic, same-sex partners receiving mobility benefits
Organisations sending employees on international assignments increasingly are including domestic partners of the opposite sex and the same sex in mobility benefit plans, a new survey shows.The look ahead: Could lull in US jobs recovery hinder housing?
The US unemployment rate, which dropped to a three-year low in April, appears to have levelled off. And in the week ahead, we’ll find out whether the lull has stalled the recovery of the US housing market. Housing, a broad barometer of the nation’s economy, has displayed signs of movement this year following a sluggish 2011. But if the US jobs situation worsens, the housing market could follow.Concerns about Europe, global economy drive down economic optimism
Revenue and profit projections dropped sharply in the second quarter, according to a global CGMA survey of finance executives. Those and several measures of economic sentiment led to a decline in optimism worldwide.Cultivating and reporting ESG success can be profitable
Understanding the perceptions of stakeholders who are keeping track of environmental, social, and governance (ESG) issues can lead to reduced risk and lower cost of capital, according to a Deloitte report. Reporting ESG successes can lead to increased valuation.Europe remains hot spot for foreign investors
Europe is holding up as a key destination for foreign investors despite the euro-zone crisis and competition from the world’s rapid-growth economies, an Ernst & Young study suggests.
Read the latest FM digital edition, exclusively for CIMA members and AICPA members who hold the CGMA designation.