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EXECUTIVE SUMMARY Return-on-equity (ROE) is the correct profit metric to evaluate the performance of a business. However, the primary emphasis on financial ratio analysis must be on operating performance. The “advanced” version of the DuPont model remedies the original model’s failure to cleanly separate the effects of operating and financing...
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The International Federation of Accountants released a new discussion paper on information technology and education. Implementing International Education Guideline 11, Information Technology in the Accounting Curriculum, Strategies of the American Institute of CPAs , is intended to help determine the changes needed in accounting education, including continuing professional education, to better develop information technology skills. For more information on the discussion paper, contacct Milou Kelley at the IFAC at 212-302-5952.
The Federal Deposit Insurance Corporation issued Your Insured Deposit , which provides details on deposit insurance information provided by financial institutions. The booklet is available in quantity to insured financial institutions for distribution to their customers. It can be ordered by fax as 202-898-3549; requests mus be on the institution’s letterhead stationery and include the address where copies should be mailed and the name and telephone of a contact person.
Beta Alpha Psi, the national honorary accounting fraternity with headquarters in the AICPA New York City offices, named Clark H. Johnson, vice-president of finance and chief financial officer of Johnson & Johnson, accountant of the year in industry/government.
Our expert tax report highlights the important issues that tax preparers and their clients need to address for the 2024 tax year. Stay informed and proactive with guidance on critical tax considerations before year-end.