Clearly, accounting is very important to every company. No business can operate without accurate or timely information. However, few companies differentiate themselves in the marketplace based on their accounting proficiency…
Once upon a time, the only way to own a car was to buy it. Then leasing offered car buyers another option, giving them a way to save money on a monthly basis as well as the ability to test drive the car to see if they wanted to purchase it at the end of the lease…
Since the Internet has made the business climate more competitive, the digital age is forcing companies to look at new ways of business. Companies that plan to succeed tomorrow have to shed all non-revenue-generating processes today…
The state of Wisconsin just passed a law requiring couples who are considering matrimony to attend mandatory pre-marital counseling before they can receive a marriage license from the state. The theory is that if dewy-eyed couples tackle the tricky issues up front and iron out their difficulties at the outset, the chances of divorce plummet. The same theory applies to an outsourcing relationship.
From the legal standpoint, creating a proper statement of work can be the trickiest part of negotiating an outsourcing contract. Too often at least one party is not putting enough effort into clearly defining the boundaries of the contract. This cavalier attitude can cause thorny problems down the line when buyer demands slips into the gray zone, according to Richard Raysman…
Trains have always been the mode of transportation that has linked the major cities of Europe. Historically, passengers boarded the train at the station and purchased a ticket on the train or right before boarding. That left railroad executives with little data to determine ridership rates…
The French have a saying, The more things change, the more they stay the same. After studying IT outsourcing for the last 10 years, Mary Lacity and Leslie Wilcocks have found that’s exactly what happened in their world. While the Internet has created a global economy that has radically altered the way companies do business, corporate IT goals have remained astonishingly the same during the past 40 years, Lacity says.
Bill Burns provides IT outsourcing for Tier 3 companies. His firm, which specializes in manufacturing ERP systems, has worked hard to build their trust with its competency. So, when a profitability problem arises or a government agency comes calling, they call his company, Shopman, Inc. in Jamison, Pennsylvania for help.
It could take as many as 25 different suppliers to keep an office building running smoothly. With the recent meltdown in stock prices, corporations have more important matters to worry about than thermostats, trash baskets or trimmed turf.
When the recession snowball rolled downhill in California, it stopped at the city level. Because California laws require the state to reallocate portions of local property taxes in order to balance the budget, cities were faced with a choice: cut community services, raise taxes, or downsize. Corona chose to downsize and outsource.
If you don’t know whether your local city, county or state governments spend more than they take in, or whether they are able to pay the costs to maintain their assets, you’re not alone. Most people can’t figure out how to read governmental financial statements. The Government Accounting Standards Board (GASB) has been pushing for reform and has issued GASB Statement 34s.
Networks are the new life form in Europe on the outsourcing front. Companies, seeking to capitalize on the competencies of other organizations, are working together to help both bottom lines. Trust is the cement of this relationship, according to Dr. Han van der Zee, director of the Nolan Norton Institute in De Meern, the Netherlands. The Institute is the research facility of KPMG Peat Marwick…
The Government Accounting Standards Board (GASB) is responsible for establishing accounting principles for governmental agencies. The GASB Statement 34 redefines the basic financial reporting framework that governmental agencies currently use, requiring them to conform to accrual accounting. It also requires infrastructure asset valuations to be included in the financial statements of the reporting agency.
In governments across the world, public-sector financial systems are being transformed more fundamentally than at any time in decades.
No matter what business you’re in, you need accounting services. Whether you are talking to investors, preparing to go public, filing a tax return or just need an income statement, you need an accountant to crunch the numbers and report them the proper way.
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