Bill Kennedy has over 25 years of accounting experience, Bill is a veteran implementer. A professional accountant, Bill's focus is on getting the most value from existing computer systems rather than touting the latest features from the newest software.
Today's Globe and Mail newspaper had an article about a woman who clearly needed to be taught a lesson that would serve as a deterrent to others:
Bela Kosoian, a 38-year-old mother of two, says when she didn't hold the handrail [on the transit escalator] Wednesday, she was cuffed, dragged into a small holding cell and fined.
Okay, if the police are going to arrest people for that kind of violation, I have a few other transgressions that deserve their attention.
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Recently, I have been twittering under the name AccountingWEB as we build the readership to that web site. I have found over 1,000 professional accountants on Twitter, arguably the most cutting edge of the new social networking tools. You guys rock!
Yesterday, David Kellermann, the newly appointed CFO of mortgage giant Freddie Mac committed suicide according to The Globe and Mail newspaper. This was an avoidable tragedy, one which we accountants need to learn from.
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By Bill Kennedy - Can someone learn how to be innovative? Tom Kelley, the General Manager of IDEO, definitely thinks so. He freely admits that he was skeptical when his firm departed from its history of hiring only engineers and started looking for "soft" skills, like anthropology. Yesterday I attended his session, "Ten Faces of Innovation" as part of the Microsoft Convergence accounting customer conference. I too was skeptical. Too often, sessions like this are full of management metaphor, animal allegory and fluff. This one made me think. . .
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What might make some private companies or non-profit organizations in the United States adopt IFRS? The eventual adoption of IFRS by small businesses and not-for-profit organizations is likely to be market driven. The IASB is developing a version of IFRS for small and medium-size entities that would minimize complexity and reduce the cost of financial statement preparation, yet allow users of those entities’ financial statements to assess financial position, cash flows, and performance.
