Accounting Crisis – CPA Firms Face 75% Retirements
CPA firms are facing an upcoming severe staffing challenge. Almost 75% of the CPA workforce met the retirement age in 2020, as estimated by the American Institute of Certified Public Accountants (AICPA). What’s more, the number of CPA exam candidates has drifted...
Doing Business With a Company in Chapter 11 Bankruptcy
Business insolvency is on the rise, enhancing the threat that some of your current clients could declare bankruptcy this year. In fact, in 2020, business failures are set to rise for the fourth consecutive year. Under Chapter 11 bankruptcy, a company can reorganize...
The Controllers Guide to Valuations
Valuation is a much-talked-about topic in corporate accounting. One of the basic duties of a financial controller is measuring the economic value of a business, its assets, and its divisions. Knowing the fair value is crucial if and when a company wants to sell or...
What Corporate Finance and Accounting Needs To Know About Inflation
In February, the Bureau of Labor Statistics reported that prices increased by 7.5% YoY. That is the highest level of inflation that the country has experienced in 40 years. In March, the bureau reported an even higher 8.5% inflation compared to last year. Inasmuch as...
IDG Findings: Modernization & Cloud Technology Keys to Post-Pandemic Business Success
Manual accounting methods and lack of access to information, exacerbated by the pandemic, are making it increasingly difficult for companies to manage today’s growing proliferation of finance and accounting data. As a result, many companies are unable to meet or stay...
CFO Future Focus: Panel Discussion Highlights
The Controllers Council recently held a webcast panel discussion called CFO Future Focus to discuss the changes in Office of the CFO, sponsored by Oracle NetSuite. The panel featured Glenn Hopper, CFO of Sandline Global and author of a new book, Deep Finance:...
Soft Skills for Finance Executives
Finance positions are advertised with job descriptions that emphasize work experience and educational achievements. But what usually makes one qualified candidate stand out amongst other qualified candidates are soft skills. Research shows that 97% of employers...
Top 10 FP&A Solutions
Successful companies know that having a strong FP&A department in place can help guide them in their strategic business decisions. Innovations in FP&A solutions have allowed businesses to improve their forecasting and budgeting processes, giving executive...
How to Automate Accounts Receivable
In most mid- and large-sized companies, processes are often broken up into pieces and handled by different teams or professionals. For instance, the record-to-report process would start with a bookkeeper posting entries that are reviewed and reported by an accountant...
Controllers Guide to Geopolitical Risk
In the age of COVID-19, supply-chain disruptions, ongoing competition with China, and the Ukraine invasion, companies have a lot to grapple with. This is especially true for companies with a global presence. The changing international landscape is likely to have an...
CFO Optimism Is High Heading into 2022
According to a new survey by BDO, CFOs of middle-market companies are expecting a year of record growth compared to last year. While only 38% of CFOs reported strong financial performance in 2021, a full 66% of U.S. CFOs are anticipating a year of substantial...
2022 Tax Changes: A Look at What’s Ahead for Tax Compliance
It probably comes as no surprise that tax compliance is unpredictable and difficult to navigate, much like almost everything we’ve experienced in recent years. Controllers, accounting and finance professionals, or just about anyone who deals with tax will benefit from...
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