The traditional finance function has a unique role in any business organization – finance interfaces with all points in the value chain and has more direct contact with other functional departments and divisions than most […] CFO of the Future: Strategic Contributor or Value Adder? […]
Recognition is the process of formally recording and reporting an item in the financial statements. Realization is the process of converting non-cash resources into cash or rights to cash. A company usually recognizes revenue in Income Recognition and Measurement of Net Assets […]
Inventories represent one of the most important elements of a business. Much of a company’s resources is invested in this asset, which is usually its chief source of revenue. In recent years, accountants have given Inventories Represent One of the Most Important Elements of a Business […]
Measuring profits or net income is the most important thing accountants do. The second most important task is measuring costs. Costs are extremely important to running a business and managing them effectively can make a Measuring Costs […]
Long-term construction contracts arise when a company agrees to construct an asset (e.g., buildings, ships, bridges) for another entity over an extended period. The buyer may provide advance payments to help finance construction, but the Revenue Recognition Prior to the Period of Sale […]
More companies built up rather than subtracted from their cash holdings last quarter, but some plan to reverse course the last three months of 2013. While many institutional investors risk their cash buying increasingly expensive Uncertainty Leads to Higher Corporate Cash Balances […]
When Cisco’s low-to-mid $20 stock hit the $15 levels in 2011, the networking equipment maker put a number of key turnaround strategies in place. But none took a higher priority than transforming its finance function, Transforming Cisco: One Finance Function At a Time […]