In the second of two parts, the tone at the fourth annual JofA accounting technology round table turns tense as the experts discuss the cybersecurity vulnerabilities they see in the accounting profession.
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...
June 2015 - Journal of Accountancy
- Magazine
- June 2015
How to eliminate time sheets
Firms can use a value council to determine prices and KPIs to measure performance.
Don’t lose momentum on revenue recognition standard
Numerous changes, including a proposed delay in the effective date, are in play for the new revenue recognition standard. Here’s what preparers need to know and why they need to work toward implementation.
Preferability and the private company alternatives
A FASB principle for accounting policy decisions may affect when private companies are able to elect GAAP financial reporting alternatives developed by the Private Company Council.
The future of marketing: Thriving in a digital world
Learn how digital marketing techniques such as social media and content marketing can work side by side with traditional referral marketing to broaden your pool of potential clients and convert online browsers to customers.
Helping S corporations avoid unreasonable compensation audits
The IRS aggressively audits S corporations to make sure they do not disguise compensation as distributions to shareholders. Here’s what tax preparers need to know to avoid red flags in S corporation returns.
Tax engagement letters
Use of this important practice tool can minimize professional liability risk, reduce confusion, improve collections, and ensure clients have a good understanding of the practitioner’s role.
Expanding your app-titude
A monthly look at mobile apps that can make the CPA’s job and life better. This month: Coinbase and IRS2Go.
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