169 Posts Found

Content: Online Resource | Subjects: Accounting, Courses / Tutorials

Johnson and Broms, cost management experts and coauthors of Relevance Lost: The Rise and Fall of Management Accounting, present a case for “management by means (MBM),” not “management by results (MBR),” thinking. MBM espouses the universal principles of living systems, i.e., nature, as relevant to all enterprises; the way work is organized must be guided by the principles of living systems. Seven chapters cover the … [ Read more ]

Content: Book | Authors: Anders Broms, H. Thomas Johnson, Peter Senge | Subjects: Accounting, Management

If you have only one product and sell to only one or two large customers, you don’t need much of a cost system to learn where you are making and losing money. But companies typically have hundreds of different products or product variations and hundreds or thousands of customers. In this situation, traditional cost systems will not accurately trace a company’s expense base to each … [ Read more ]

Content: Quotation | Source: Harvard Business School (HBS) Working Knowledge | Subjects: Accounting, Finance

Recent studies raise an uncharitable question: Is nonprofit accounting off track?

Content: Article | Author: Joseph McCafferty | Source: CFO Publishing | Subjects: Accounting, Nonprofit | Industry: Non-Profit

Accounting is often seen as a veil, a mere detail of measurement that does not affect the economic fundamentals of a firm. However, the intensity of the public debate surrounding accounting reforms in recent years suggests that there may be more at stake than obscure debates on measurement. Currently, attention is focused on the initiative of the International Accounting Standards Board (IASB) and the U.S. … [ Read more ]

Content: Article | Authors: Guillaume Plantin, Haresh Sapra, Hyun Song Shin | Source: Capital Ideas | Subjects: Accounting, Finance

One of the world’s most recognized and respected authorities on intellectual capital offers his observations on how to manage and value one of the most challenging and dynamic issues facing business leaders today, intangible assets. Lev is a frequent witness in litigation involving intellectual capital, and a frequent and vocal critic of traditional accounting. He is also the leading exponent of a new, knowledge-based approach … [ Read more ]

Content: Article | Author: Stephen Bernhut | Source: Ivey Business Journal | Subjects: Accounting, People

We often find that improper costing of fixed costs and capital, such as the cost of capacity, creates misleading signals of performance and value in a business’s portfolio. First, traditional costing systems today ignore the cost of capital. Second, the treatment of excess capacity is often incorrectly treated as a unit cost, instead of the period expense that it truly is.

Indirect overhead costs are often … [ Read more ]

Content: Quotation | Source: Ivey Business Journal | Subjects: Accounting, Finance

Return on capital measures the productivity of capital investments. How useful is this measure for businesses in which capital investments tend to be small and returns of more than 50 percent are common? For people-intensive businesses, it is more important to know about employee productivity than capital productivity.

Content: Quotation | Source: Ivey Business Journal | Subjects: Accounting, Finance

The Financial Accounting Tutor is a self-paced interactive tutorial software that teaches the logic underlying financial accounting concepts from an economics and finance perspective and accounting procedures from an information-systems perspective.

Engaging interactive and graphical tools make learning fun! Discussions and examples are intertwined with brief, interactive problems that provide immediate feedback. A drag-and-drop format of journal entry significantly speeds learning by highlighting the link … [ Read more ]

Content: Online Resource | Source: Almaris E-Learning Systems | Subject: Accounting

Private companies seeking a wholesale exemption from FASB’s accounting rules are likely to be disappointed.

Content: Article | Author: Alix Nyberg Stuart | Source: CFO Publishing | Subjects: Accounting, Finance

This book is the first comprehensive, scientifically based study of the nature and impact of intangibles. Weaving case studies and real-world examples with contemporary business theory, Baruch Lev
* establishes an economic framework to analyze managerial and investment issues concerning intangibles;
* surveys the impact of intangibles on corporate performance and market values, including management difficulties, risk, questions of property rights, marketability, and cost … [ Read more ]

Content: Book | Author: Baruch Lev | Subjects: Accounting, Finance

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Special Purpose Entities (SPEs) have a useful role in business financing when used appropriately. However, there must be transparency, and all parties must understand the risks.

Content: Article | Authors: Edward H. Fredericks Jr., Peggy J. Crawford, Ph.D. | Source: Graziadio Business Report | Subjects: Accounting, Finance

Public dissatisfaction with the mismatch between industrial rules of disclosure and post-industrial realities has surged in the last decade and a half, especially recently in the wake of well-publicized corporate swindles. In response, the American Institute of Certified Public Accountants (AICPA) convened a special committee on enhanced business reporting (EBR), asking it to develop a strategy that would “make better information available to investors, creditors … [ Read more ]

Content: Article | Authors: Eric R. Noren, John J. Ballow, Scott G. Burgoz | Source: Accenture | Subjects: Accounting, Finance

Content: Online Resource | Source: Association of Latino Professionals in Finance and Accounting | Subjects: Accounting, Associations / Organizations

Content: Online Resource | Source: Association for Management Information in Financial Services | Subjects: Accounting, Associations / Organizations

Content: Online Resource | Source: Association of Practicing Certified Public Accountants | Subjects: Accounting, Associations / Organizations

Content: Online Resource | Source: Beta Alpha Psi | Subjects: Accounting, Associations / Organizations

Content: Online Resource | Source: Institute of Internal Auditors | Subjects: Accounting, Associations / Organizations

Content: Online Resource | Source: National Association of Black Accountants | Subjects: Accounting, Associations / Organizations