FASB Votes to Defer Revenue Recognition Standard
The FASB has voted to defer by one year the effective date of ASU No. 2014-09, Revenue from Contracts with Customers. The deferral was proposed because companies requested more time and more guidance to implement certain facets of the complex rules in the new standard, reports Accounting Today.
Create a World-Class Finance Function
Take advantage of an eight-step primer for rising above the masses and forging a finance function that drives the business to success, developed by PwC and explained by CFO.com.
Seven Things Potential Clients Want from Your Website
All too often accountant websites are not used to their potential, asserts AccountingWEB. In the current environment it has become imperative that your site is not only informative but is able to have features and content that can help bring in a potential client.
Build in a Risk Management Strategy
The International Federation of Accountants has issued a new publication offering advice to help companies manage risk as an integral part of managing their organization.
Make It OK for Employees to Challenge Your Ideas
Leaders often fail to seek information that makes them uncomfortable or fail to engage with individuals who challenge them. As a result, the Harvard Business Review asserts, they miss the opportunity to transform insights at the edge of a company into valuable actions at the core.
Hate Your Financial System Less
As indispensable as financials systems are to companies, many of the people who work with them simply hate them. CFO.com shares three key thoughts for avoiding common implementation mistakes.