Improving disclosure and transparency in nonprofit accounting Gerald Aranoff DISAGGREGATED FUNDS-BASED REPORTING IS AN ESSENTIAL SUPPLEMENT TO THE FINANCIAL STATEMENTS OF NONPROFIT ORGANIZATIONS. A HYPOTHETICAL CASE ANALYSIS ILLUSTRATES IMPROVEMENTS TO NONPROFITS’ FINANCIAL DISCLOSURES. EXECUTIVE SUMMARY: Nonprofit organizations should be required to include supplemental financial statements that would improve disclosure and transparency. Traditional disaggregated funds balance […]
Category: Management Accounting Quarterly
Applied learning in graduate business education Hector A. Quintanilla FACULTY, STUDENTS, AND INDUSTRY PROFESSIONALS CAN BENEFIT FROM WORKING ON REAL-WORLD PROJECTS TOGETHER. In 2000, W. Steve Albrecht and Robert J. Sack surveyed accounting faculty and practitioners to determine what each group believed were the most important forms of learning activities. They found that a majority […]
0 introduction: marginal costing as a management accounting tool Stephen Offenbacker THIS ARTICLE IS A REPRINT OF CHAPTER 0 IN THE 11TH EDITION OF THE GERMAN TEXTBOOK, FLEXIBLE PLANKOSTENRECHNUNG UND DECKUNGSBEITRAGSRECHNUNG, AND IS USED WITH THE PUBLISHER’S PERMISSION. HERE IS THE PUBLISHING INFORMATION: KILGER/PAMPEL/VIKAS, FLEXIBLE PLANKOSTENRECHNUNG UND DECKUNGSBEITRAGSRECHNUNG, COPYRIGHT BY BETRIEBSWIRTSCHAFTLICHER VERLAG DR. TH. GABLER […]
Aligning corporate governance with enterprise risk management: melding enterprise risk management with governance means directors, senior management, internal and external auditors, and risk owners must work interdependently Paul J. Sobel Corporate scandals and diminished confidence in financial reporting among investors and creditors have renewed corporate governance as a top-of-mind priority for boards of directors, management, […]
Stock options analyzed from three accounting perspectives: managerial, financial, and tax Katrina Mantzke CURRENTLY, STOCK-BASED COMPENSATION IS GOOD FOR COMPANIES. BUT THAT MAY CHANGE SOON. Compensatory stock options (CSOs) make headlines daily these days even though this approach to compensation has been around for decades. In a debate over their relative costs and benefits, stakeholders […]
Using activity-based costing to assess channel/customer profitability: better understanding of your customers’ profitability picture is imperative for survival in today’s competitive environment. Here the CFO of an employment services company used ABC to analyze the company’s profitability picture at the customer channel- and individual customer-level DeWayne L. Searcy “With better information and accounting systems, firms […]
Best practices in target costing Dan Swenson HERE IS HOW FOUR “MODEL” COMPANIES–THE BOEING COMPANY, CATERPILLAR, DAIMLERCHRYSLER, AND CONTINENTAL TEVES–APPLY THIS COSTING TECHNIQUE. The Consortium for Advanced Manufacturing–International (CAM-I), the American Institute of CPAs, and the University of Akron recently sponsored a major study to benchmark best practices in target costing. This study examined the […]
A closer look at rolling budgets: the challenges associated with an effective implementation of rolling budgets are management challenges, and software technology can only become part of the solution when managers are ready to use it to enhance their decision making Marc P. Lynn Businesses are increasingly using rolling budgets. Also called continuous budgeting, rolling […]
The emergence of accounting information systems programs: as more and more companies seek out accounting professionals with IT skills, some universities now are offering a major in accounting information systems, which mixes topics from each area to provide students with the requisite skills employers want Thomas W. Dillon As we begin the 21st century, business […]
Cost management using ABC for IT activities and services: the IT division of a successful international company developed an activity-based costing model to measure and assign the costs of the initial IT services the division provides, enabling better, more accurate productivity measurement and efficiency Bruce R. Neumann EXECUTIVE SUMMARY: With the proliferation of computer-related services, […]