Accounting

A&A

Report: Most General Ledger Accounts Reconciled Manually

If you think automation is primarily being used to reconcile the general ledger accounts of public and private companies, think again. Nearly two-thirds of finance departments in US companies and one-half in Canadian companies are still using a manual accounting system.
Practice

Financial Outsourcing Services Seen Growing 8 Percent Annually Through 2017

Global spending on finance and accounting business process outsourcing (F&A BPO) services will exceed $25 billion in 2013 and rise at an annual compound growth rate of 8 percent through 2017, according to research by accounting firm KPMG and HfS Research.
Tax

Livestock – Depreciate? Inventory? Sell?

There are many different methods available to account for livestock, and it is important that farmers be knowledgeable of their options. Because of those many options, it is imperative that farmers utilize the tax planning services a tax professional can provide.
A&A

Rothstein Kass Reference Manual for Fund Managers

The third annual "Alternative Investment Fund Pro Forma Financial Statements Reference Manual" is a comprehensive guidebook for completing financial statements for hedge and hybrid funds, fund of funds, and master-feeder structures.
A&A

Accessing Capital: Improve 5 Metrics That Matter

A recent study found that while nearly 91 percent of private company owners were enthusiastic about executing growth strategies, only 51 percent reported having the necessary financial resources to do so.
Practice

Budgeting 2013: Bring on the Strategy and Structure

As marketing director at Rea & Associates, Katie Tolin will be meeting with partners at each of the firm's eleven offices across Ohio to talk about how their marketing dollars are being spent.
Tax

Frankenstorm: Post-Hurricane Accounting for Casualty Loss

After Hurricane Sandy and subsequent damage to the Northeast region, taxes are probably the last thing on your mind. However, with disasters comes property damage.

Voice of the Editor

What would you do if one of your clients won the lottery? We asked several accountants to weigh in with their advice for the lucky Powerball winner, and the tips we received are useful for anyone who receives a windfall, whether it's a lottery win, an inheritance, a big bonus on the job, or a killing in the stock market.
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