CAMs: Thumbs up or thumbs down?
The jury is still out on whether critical audit matters provide meaningful information to financial statement users. Here’s what we know now
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Outlook
News, views, and ideas shaping the future.
Chris Luckhaupt
- Aug 11, 2021
- 2 min
Is your business underusing its accounting software?
A company’s accounting software can be either a strength or a weakness. Make sure you’re maxing out the functionality and value of yours.
Karen Keller
- Aug 2, 2021
- 2 min
Financial statements: Take the time to read the entire story
Financial statements tell a story about financial performance. It is important to have a clear, holistic understanding of the details.
Chris Luckhaupt
- Jul 21, 2021
- 2 min
Keeping remote sales sharp in the new normal
Sales calls aren’t what they used to be. Here’s how businesses can stay on track with the ongoing trend toward digital interactions in sales
Charlie Halcomb
- Jul 19, 2021
- 2 min
Internal control questionnaires: How to see the complete picture
Internal controls are critical in today’s risky business world. Here's how auditors can get a better handle on the company's control system.
Nathan Oswald
- Jul 14, 2021
- 2 min
Five ways to take action on accounts receivable
Are your company’s collections a bit sluggish? Here are five ways to reinvigorate accounts receivable efforts.
Lydia Ritze
- Jul 12, 2021
- 2 min
Is your company ready for agile auditing?
The traditional approach to internal audits may be too rigid for the needs of modern businesses. Here’s a more flexible approach.
Charlie Halcomb
- Jul 6, 2021
- 2 min
Auditing WIP
Accounting estimates attract special attention from auditors. Here is a closer look at work in progress.
Linden Bumpass
- Jun 25, 2021
- 2 min
Follow the cutoff rules for revenue and expenses
Timing counts in financial reporting. Strict cutoff rules apply to companies using accrual-based accounting. Are you getting it right?
Linden Bumpass
- Jun 21, 2021
- 2 min
Don't assume your profitable company has strong cash flow
If your business’s bottom line is strong, that’s good news. But you still need to keep a close eye on cash flow. Here’s why.
Nathan Oswald
- Jun 21, 2021
- 2 min
Accounting methods: Private companies have options
Different companies have different financial reporting needs. Is your current accounting method a good fit, or is it time for a change?
Charlie Halcomb
- Jun 11, 2021
- 2 min
Accounting estimates present challenges in times of uncertainty
Making subjective accounting estimates would be easier with a crystal ball. Managers & auditors may need to adjust mindsets for volatility.
Joe Edwards
- Jun 4, 2021
- 3 min
Hit or miss: Is your working capital on-target?
There’s a fine line between carrying excessive amounts of working capital & operating too lean. Find your company's target working capital.
Lydia Ritze
- May 28, 2021
- 2 min
How to strengthen your internal controls
A strong internal control system can protect your organization from a variety of risks. Here are three basic controls to review annually.
Joe Edwards
- May 21, 2021
- 2 min
Using your financial statements to evaluate capital budgeting decisions
Taking your business to the next level may require a major infusion of capital. How can you get the biggest bang for your buck?
Charlie Halcomb
- Apr 30, 2021
- 2 min
Liabilities for unused time off mount as pandemic lingers
During the pandemic some have foregone paid leave, and employers may see their accruals skyrocket. Plus, there may be hidden costs, too.
Karen Keller
- Mar 12, 2021
- 2 min
Making sense of your statement of cash flows
Operating, investing or financing activity? It’s not always clear where transactions belong on your company’s statement of cash flows.
John Eberhart
- Mar 10, 2021
- 2 min
5 ways to streamline and energize your sales process
The 2021 economic forecast looks relatively bright. Is your sales staff up to the challenge of making the most of the revenue opportunities?
Mike Hawkins
- Feb 24, 2021
- 2 min
Should your business add Roth contributions to its 401(k)?
If your business sponsors a 401(k) plan, you might someday consider adding designated Roth contributions.
Lydia Ritze
- Jan 22, 2021
- 2 min