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One dirty little secret of financial reporting is off-balance-sheet financing.
February 11 -
The challenges for creating an effective executive compensation package are many. The executive wants more pay but less taxation, while the company wants incentive-based benefits that bind the executive more closely to the company.The traditional solution for these needs is a nonqualified stock-option program. The executive gets both a potentially high payout and the ability to time the taxation of the payout. The employer likes the program because stock options are a cashless, incentive-based package with vesting restrictions.
February 11 -
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As the marketplace for business planning software matures, it is being cleanly divided into two separate branches. The first addresses the needs of established companies that are looking to validate the performance of the company and gain insights into decisions for growth, acquisitions and business valuation. The second more directly meets the needs of entrepreneurs and small businesses that are seeking initial or additional funding, or otherwise need presentation pieces to demonstrate business performance.The tools for mature companies are now termed "business intelligence" or "corporate performance management" software, and the tools for small business go by the historical name of "business planning software." Both categories utilize historical data to make forward projections that are charted graphically for quick comprehension (often through a management "dashboard"), though business planning software contains more descriptive text.
February 11 -
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I am often asked what differentiates firms that are successful with technology from those that struggle. My standard response is that firms struggle with technology when they view it as overhead, but they invariably profit from it when they value it as a strategic asset.
February 11 -
Perhaps one of the most difficult things is to get young and old accountants to think and act strategically. Most accounting and tax professionals are very good at following work plans. But it's a different story when you ask them to change the way they think and act.
February 11 -
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