5 Reasons CFOs Struggle with Financial Reporting (and How to Overcome the Challenges)

The Kini Group

Recent updates to laws concerning finance include updates to the Financial Accounting Standards Board (FASB) US GAAP financial reporting standards and tight 10-Q and 10-K deadlines. All major ERP system providers are moving more and more of their functionality into cloud-based products.

5 Reasons CFOs Struggle with Financial Reporting and Analysis (and How to Overcome the Challenges)

The Kini Group

Recent updates to laws concerning finance include updates to the Financial Accounting Standards Board (FASB) US GAAP financial reporting standards and tight 10-Q and 10-K deadlines. All major ERP system providers are moving more and more of their functionality into cloud-based products.

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Why We Need to Update Financial Reporting for the Digital Era

Harvard Business Review

Digital companies, however, consider scientists’ and software workers’ and product development teams’ time to be the company’s most valuable resource. Second, companies perform “acquihires,” — that is, the buying of a company primarily for its engineering and product design talent, instead of for its revenues or profits. Analysts increasingly rely on non-GAAP metrics. Martin Konopka/EyeEm/Getty Images.

GAAP 10

A Blueprint for Digital Companies’ Financial Reporting

Harvard Business Review

The company’s first revenues indicate the acceptance of its product or services by customers. Those outlays could be on soft avenues, such as customer acquisition, data breach and safety, regulatory fines, and product enhancement, or on hard assets, such as hardware, servers, and cellphone towers. Currently, firms’ first report net profits and then back out many of these one-time items to present a non-GAAP (Generally Accepted Accounting Principles) profit number.

On Creative Accounting: Two Creativity Myths

Harvard Business Review

An idea, behavior, or product is creative if it is both novel and appropriate to some goal. As long as the new ideas cohere with ethical standards, and generally accepted accounting principles ( GAAP ), they can yield immense benefits. She researches what makes people creative, productive, happy, and motivated at work. Tags: Creativity Ethics Innovation GAAP "Creative accounting" is really bad. Except when it's good.

GAAP 17

The Dangers of Digital Protectionism

Harvard Business Review

At the other extreme, cross-border flows of certain types of private or public data, such as well production for a global oil producer or anonymous aggregated statistics, may be better left unfettered. Philippe Intraligi/Getty Images.

GAAP 16

GDP Is a Wildly Flawed Measure for the Digital Age

Harvard Business Review

Gross Domestic Product (GDP), our core measure of prosperity, was developed during the industrial age. HBR STAFF. Germany, Switzerland, and Japan are now in negative interest rate territory. So are Denmark and Sweden. And U.S. treasuries have hit all-time lows.

GDP 16

The U.S. Corporate Tax Code Is Broken. How Should We Fix It?

Harvard Business Review

and the allocation of corporate talent and efforts (away from productive uses and toward rent-seeking). Consider the ratio of transport costs to product value for a steel bar, an automobile, a semiconductor chip and a piece of software.