CFO Publishing Corp.

News & Analysis

cfo publishing corp. and operational accounting - All News and Analysis

• Revenue Recognition: Barter Transactions

  BNET - 2006-06-02

  Should exchanges or barter (non-monetary exchanges, that is no cash or cash equivalents are exchanged) transactions of products or services be recorded as revenues and expenses? The basic issue is whether the earnings process has been completed. Measurement is the next issue: Should revenue and expense be recognized at the...

  Tags: Revenue, CFO Publishing Corp., Revenue Recognition, Operational Accounting, Financial Services, Finance

• Selling Finance: How Sales Teams Are Learning the Finer Points of Revenue Recognition

  BNET - 2006-05-08

  Educating salespeople on acceptable structures is fast becoming a necessity as regulators crack down on questionable sales practices and irregularities in booking revenue. CA, for example, has been embroiled in an accounting scandal that involved improper booking of $2.2 billion in revenue. Six executives, including the former head of worldwide...

  Tags: Revenue, CFO Publishing Corp., Qwest Communications Inc., Sales Team, Sales Strategy, Operational Accounting, Revenue Recognition, Sales Force Management, Sales, Finance, Financial Services

• The People Who Count: With Too Few Accountants to Go Around, Companies Are Grabbing People Wherever They Can Find Them

  BNET - 2006-04-01

  Even though enrollment in accounting programs has risen over the past few years, the demand for CPAs currently outstrips supply by as much as 20 percent, and relief appears to be a long way off. If there is one bright spot, it may be that the turnover rates at public...

  Tags: Accounting, CFO Publishing Corp., Operational Accounting, Financial Services, Finance

• FASB Chips Away at Revenue Recognition

  BNET - 2005-11-07

  A survey of the Financial Accounting Standards Board's advisory group, the Financial Accounting Standards Advisory Council, identified revenue recognition as FASB's top issue for the fourth consecutive year. The United States has no general-accounting standard on revenue recognition. Practices have developed for certain industries and for certain transactions, but answers...

  Tags: CFO Publishing Corp., Chip, Finance, Financial Accounting, Financial Accounting Standards Board, Financial Services, Operational Accounting, Revenue, Revenue Recognition

• Background Checks: Worries About Personnel Integrity Are Creating a Few Worries of Their Own

  BNET - 2005-08-01

  In response to 9/11 and the rash of accounting scandals, companies have increasingly relied on background checks for prospective employees. Generally conducted by a third party, basic checks include checks for a criminal record; date, source, and subject of educational credits; and dates and places of prior employment. But more...

  Tags: Accounting, CFO Publishing Corp., Operational Accounting, Financial Services, Finance

• A Refresher Course in Workers' Comp

  BNET - 2005-07-14

  In both self-insured workers' comp and group-health benefits, an employer often depends on convoluted payment systems run by a Third-Party Administrator TPA, which contracts with managed-care vendors and administrative-services providers. If the company's risk and benefits managers aren't keeping close tabs on the TPA, obscure reporting of the voluminous and...

  Tags: Payment, CFO Publishing Corp., Worker, Operational Accounting, Benefits, Finance, Human Resources

• The Future of Outsourcing: An Exclusive Look Inside GE's Back-Office Machine

  BNET - 2005-06-15

  This is the world of offshore Business-Process Outsourcing BPO, where corporations farm out routine office functions to developing countries to take advantage of lower labor costs and higher productivity. It's the little sister to the phenomenon of manufacturing and IT-services outsourcing - only 3 percent of overall BPO spending is...

  Tags: Offshore, CFO Publishing Corp., General Electric Co., BPO, Back-office, Business Process Outsourcing (BPO), Outsourcing, It Services, Operational Accounting, It Operations, Business Operations, Outsourcing & Subcontracting, Finance

• When Plans Collide: Would Corporate Retirement Plans Be Threatened by the Adoption of Social Security Private Accounts?

  BNET - 2005-05-01

  As the debate rages over whether the Americans should be allowed to "Carve out" some of their Social Security payroll tax to create Individual Accounts IAs for retirement, one potentially volatile question has gone largely unasked: How would the existence of the private IAs affect participation in corporate 401k plans?

  Tags: CFO Publishing Corp., Social Security, 401(k), Operational Accounting, Retirement Plans, Government, Human Resources, Benefits, Finance

• MBIA to Restate Seven Years of Results

  BNET - 2005-03-10

  MBIA Inc. announced that it will restate its financials for the past seven years as a result of its accounting for two complex reinsurance agreements made in 1998 with Converium Re, previously known as Zurich Reinsurance North America. Reinsurance helps insurance companies lay off some of their risk on other...

  Tags: Accounting, CFO Publishing Corp., Financing, Reinsurance, Insurance, Operational Accounting, Financial Services, Business Operations, Corporate Insurance, Finance

• Match Game

  BNET - 2005-02-22

  From the executive summary: ‘Companies have long recognized that when it comes to getting employees to participate in a plan, what counts most about the 401k is the size of the employer match. But, with the future of social security suddenly uncertain, the employer match also acquires a moral dimension....

  Tags: CFO Publishing Corp., 401(k), Retirement Plans, Social Security, Investment, Operational Accounting, Games, Human Resources, Benefits, Government, Finance, Personal Technology