Reporting Archives - Strategic Finance

The Power of Intangibles

Current financial accounting and reporting need to expand to better capture intangible assets beyond the balance sheet.

The External Auditing View from Outside

A survey funded by the IMA Research Foundation explores how external auditors are influenced when internal auditors fail to detect a problem.

Changes Ahead for Reducing Compensation Ratios?

Acting SEC chairman Michael Piwowar directed staff to reconsider select disclosure rules in the Dodd-Frank Act.

The Problem with Non-GAAP Earnings

The growing use of non-GAAP measures in corporate earnings releases could potentially mislead or confuse investors.

Books: The Path Forward in Accounting

Baruch Lev and Feng Gu propose an approach to financial accounting that provides more relevant information to investors.

OIS for the Operational CFO

The operational income statement could be the model needed to seamlessly integrate financial information with operational data.

Reactions to Schedule UTP

How companies complete Schedule UTP provides the IRS with greater insight into the various uncertain tax positions being reported.

WHY ISN’T COMPREHENSIVE INCOME COMPREHENSIBLE?

The lack of a conceptual definition of other comprehensive income creates confusion for companies and users of financial statements.

Richard Howitt Named IIRC CEO

A former Member of the European Parliament, Howitt has long been an advocate for integrated reporting.

IAASB: New Credibility and Trust Paper

The IAASB issues a discussion paper addressing emerging forms of external reporting.

No More Hiding Lease Liability

With the new FASB standard, companies will no longer be able to hide lease liabilities off the balance sheet.

The Next Frontier in Sustainability

SASB is developing industry-specific standards to help businesses provide a more complete view of all the factors impacting their value.

Book Review: The FASB’s Process

Management accountants should have a deep understanding of and become more involved with the FASB.

VARIATIONS IN P/E

The P/E ratio can vary widely. Make sure you’re using the values most appropriate for your needs.

WILL INTANGIBLES TRIP YOU UP?

Companies engaged in acquisitions need to be familiar with how to properly account for indefinite-lived intangible assets.

Preparing for ASC 606

Get ready before implementation with a change management plan that includes an effective workforce strategy.

What’s Next for Corporate Reporting?

Former FASB Chairman Bob Herz is working with SASB to influence the next generation of corporate reporting.

Internal Reporting with XBRL Global Ledger

Create business reports in XBRL GL format to enhance reporting and decision-making capabilities.

SUSTAINABILITY REPORTING

Industry-specific metrics help companies integrate sustainability efforts into performance management systems and strategy.

Taxes: Applying the Understatement Penalty

A Chief Counsel Advice memorandum describes specific situations where the understatement penalty for tax preparers may or may not apply.

TAXES: SUPREME COURT RULES ON MARYLAND TAX CREDIT

The Court’s ruling against Maryland’s income tax scheme may impact other states with similar policies.

Working with Auditors: Tips and Traps

With regulators mandating that finance executives work more closely with auditors, here’s some advice to help management accountants.

Asset capitalization thresholds: Is Diversity a Good Thing?

A survey of finance executives examines the differences in companies’ asset capitalization thresholds.

TAXES: REPORTING A FOREIGN GIFT OR BEQUEST

Gifts or bequests from sources outside the U.S. should be reported to the IRS if they surpass certain thresholds.

Disclosure Simplification on Senate Agenda

With Republicans now holding the majority in the Senate, attention will turn to passing financial reporting and Dodd-Frank reform bills.

Intercompany Transactions Snowball

Tracking, settling, and reconciling intercompany transactions can be a burdensome process. Technology offers a solution.

GOVERNMENT: A Push for More PBM Cost Transparency

DOL officials are waiting for the final report from the ERISA Advisory Committee.

Government: Relief from Dodd-Frank Rules?

House passes Promoting Job Creation and Reducing Small Business Burdens Act, but Obama threatens to veto.

Financial Supply Chain Management

FSCM has different meanings in different contexts, but they share the common theme of improving financial operating processes.

TAXES: TAXPAYERS AND IDENTITY THEFT

If worrying about identity theft isn’t bad enough, you also need to consider your tax situation.