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Finance Execs See Pain Points in Internal Controls Reporting
Financial executives feel that the requirements for documenting their organization’s internal controls are getting to be too much and many of them are behind the curve when it comes to applying technology for internal control over financial reporting, according to a new report. The report, from Financial Executives International’s Financial Education & Research Foundation, is based on a survey of 145 FEI members at 12 large ...
Read MoreNervous About A Job Interview? 15 Smart Strategies To Conquer Your Anxiety
No matter how many job interviews you’ve gone through, it’s perfectly normal to get nervous beforehand. You might be unable to sleep the night before or feel your stomach tying up in knots as the meeting time draws closer. If nervousness about a job interview becomes overwhelming, it can hinder your performance. Luckily, there are several things you can do to help alleviate your anxiety. Below, 15 members of Forbes Human Resources ...
Read MoreHow to Work with Someone You Can't Stand
You can pick your friends, but you can’t usually pick your coworkers. Chances are you’ll work with someone you don’t like during your career, and there may even be someone on your team right now that you can’t stand. While working remotely limits the amount of interactions you have to have with the person, it can also limit information and make the situation worse, says Carlos Valdes-Dapena, author of Virtual Teams:
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FASB Approve Accounting Update to Presentation and Disclosure by Not-For-Profit Entities for Contributed Nonfinancial Assets
Originally Published in The Cooperative Accountant, Winter 2020 Issue. On September 17, 2020, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) intended to improve transparency in the reporting of contributed nonfinancial assets, also known as gifts-in-kind, for not-for-profit organizations. Examples of contributed nonfinancial assets include fixed assets such as land, buildings, and equipment; the ...
Read MoreDeterring and Detecting Fraud at a Time of Heightened Risk
Fraud experts expect the next few years to be a time of heightened risk as the damaging economic effects of the coronavirus pandemic create pressure and motive that can lead to wrongdoing. A new analysis by the Anti-Fraud Collaboration provides insight on the most common types of financial statement fraud that were discovered in an analysis of SEC enforcement actions related to accounting and auditing issues from 2014 through ...
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