Information & data management

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A Better Way to Gauge Profitability

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...

TOPICS / TECHNOLOGY

November 1, 2024

The data-driven audit: Technology and the future of auditing

Cathy Rowe, Senior Vice President and Segment Leader, U.S. Professional Market, Wolters Kluwer Tax & Accounting North America, discusses how data-driven insights combined with analysis and guidance can make audits more thorough and help firms make better decisions.

October 23, 2024

Shorter supply chains: US companies set sights on the Americas

Most senior executives are pleased by the impact of moving their supply chains closer to home, according to a KPMG report. Learn four keys to considering whether a change would benefit your company.

July 25, 2024

Tech adoption at light speed: Balancing euphoria with cynicism

An author and former federal banking regulator, also a keynote speaker at a September AICPA & CIMA conference, offers reasons why technology adoption should be more measured. Listen to the episode or read the Q&A.

March 1, 2024

Data analytics and visualization in the audit

The ability to quickly identify key points in large quantities of data — and to illustrate those findings to assess audit-related impacts — gives auditors a key tool for transforming audit processes.

May 18, 2023

Tech roundtable: Getting your data in order

Technology leaders in accounting discuss digital assets, what CPAs need to know about Web 3.0, and more in this podcast episode with transcript.

February 1, 2023

From numbers to narrative: How CPAs can tell stories with data

Become a better adviser to colleagues and clients by strengthening your data storytelling skills.

September 1, 2022

Using Benford’s Law to reveal journal entry irregularities

Benford’s Law can help uncover indicators of fraud — and anomalies that arise from legitimate business practices.

July 13, 2022

Data storytelling: A valuable and exciting skill to introduce to students

Help students prepare for careers using and communicating big data.

February 8, 2022

Teach students to address accounting questions using data analytics

Data analytics is a new means to the same end: providing high-quality and timely information to decision-makers.

February 1, 2022

Embracing technology in the audit

Firms and practitioners are using digital tools to provide more value to clients.

December 7, 2021

A road map for learning data analytics

Models can help faculty teach — and students grasp — this important subject.

October 1, 2021

Cleaning and joining data using Excel’s Power Query

This month’s column shows how to clean and join data using Excel’s Power Query.

March 1, 2021

Data thieves strike at any weak point

Cyberattackers remain unrelenting in adapting tactics to exploit human and technological vulnerabilities.

February 9, 2021

What faculty should know about Alteryx

Don’t be afraid of teaching this easy-to-learn data analysis software.

December 1, 2020

Data preparation for CPAs: Extract, transform, and load

ETL tools can help accountants streamline the process of preparing data for analysis and aid in better decision-making.

September 25, 2020

A data revolution, from hot dogs to fastballs

The director of accounting for the San Diego Padres explains how teams are adopting technology to improve the on-field product and the customer experience.

September 2, 2020

COVID-19 decisions create data dilemma for businesses

The rush to set up and support remote working arrangements kept companies operating despite pandemic-related quarantines, but the swift shift to the cloud could mean that regulatory problems loom on the horizon. The first question that must be answered: Where is my data?

June 1, 2020

Do-it-yourself accounting automations

Accounting automation is no longer limited to companies with developers capable of connecting applications with APIs.

March 1, 2020

Power BI: An analytical view

Data visualization applications such as Microsoft’s Power BI and Tableau can unlock the value of data. This article explores how Power BI works.

February 3, 2020

Where accounting really stands with blockchain

Erik Asgeirsson, president and CEO of CPA.com, and Ron Quaranta, founder and chairman of the Wall Street Blockchain Alliance, examine tax and accounting issues related to cryptoassets and explore assurance opportunities blockchain is creating for accountants.