Most mid- and large-sized companies have an LMS (Learning Management System). Of course they do – it’s a great way to centralize, control and provide high quality learning across the company at a low cost. LMSs are a deca-billion-dollar industry that’s booming as we speak.The problem is, these systems leave a large and critical group […]
Finance and accounting professionals frequently build separate reporting worksheets for each month of the year, which make consolidated reporting difficult and can be cumbersome to revise. That’s why many finance and accounting departments turn to financial reporting automation. Not only does it make consolidated reporting easier, it provides additional benefits like improved accuracy and faster […]
We’re a little over a month away from the January 1, 2018, effective date (for calendar-year-end companies) for the new revenue recognition standard. Financial Accounting Standards Board issued Accounting Standards Update No. 2014-09 codifying ASC 606, Revenue from Contracts with Customers, back in 2014, around the same time that the International Accounting Standards Board issued International Financial Reporting Standards […]
At this time of year many folks are starting to wind up or wind down. Winding up comes from those with 12/31 fiscal year-ends who are preparing to close the year, do annual reporting, and get that annual plan in place before the new year actually starts. Just kidding, no one gets that done on […]
One of the most underrated tools in Microsoft Excel is the Macro. People who know how to use Macros can tell you how much time they save – but too many people have no idea how to get started with Macros. What is a Macro? Let’s keep it as simple as possible. An Excel Macro […]
Let’s face it; Excel spreadsheets can be pretty bland – or worse, downright hard to read. We’ve all been given a spreadsheet that was messy and confusing. We have to either struggle to read it or go in to edit it ourselves. You don’t want to be the person submitting that kind of report, so […]
Effective communication has never been more important than it is now. In 2018 it often feels like people are talking at each other instead of listening and responding. Since effective communication tends to make for happier (and better) employees, now’s the time to focus on improving your communication skills. 1. Never make the conversation one-sided Employees […]
If you have an Alexa device in your home or office, you already know how handy it can be. You can ask Alexa for basic information, like the weather. Or you can have Alexa perform more complicated tasks, like order an Uber for you. With more than tens of millions of Alexa devices sold last year, it […]
When you think of accounting fraud, Enron likely comes to mind. The Enron and Arthur Anderson scandal rocked the accounting world, and ushered in the age of Sarbannes-Oxley and the PCAOB. But it’s important to note that all these changes and updates to regulation haven’t actually done much to prevent accounting fraud.  In fact, there […]
If your company isn’t focused on creating a positive work culture, you should be. In today’s current environment, you can’t afford to wait. It’s essential to be proactive and try to prevent any potential issues before they come up. Create a Positive Work Culture If your company has a positive work culture, your employees will […]
