NSAC Happenings and Latest News - Page 61
8 Best-Practices for Small Business Websites
Everything you “know” about social media for small business is wrong. Small businesses—accountants, lawyers, and brick-and-mortar shops—don’t need 5,000 Facebook fans, Diggs, or blogs that are updated daily. They need business. You know, clients, customers, shoppers, or whatever you want to call them. How do small businesses use social media to get more clients and customers? It’s much ...
Read MoreMore Companies Are Opting for Hedge Accounting
The new hedge accounting standard, designed in part to make hedge accounting more accessible to more companies, is making its mark. Early adopters of the new hedge accounting standard that took effect for public companies’ 2019 fiscal years drove an uptick in the use of hedge accounting in 2018, new research shows. Chatham Financial’s analysis of corporate hedging in 2018, the latest year for which hedging ...
Read MoreBalance Sheet Liabilities Jumped After Lease Accounting Change
The new lease accounting standard caused lease liabilities for the average company to increase a whopping 1,475 percent, skyrocketing from $4.4 million before the transition to $68.9 million post transition, as operating leases were recorded on the balance sheet for the first time, according to a new study. The study, from the lease accounting software provider LeaseQuery, analyzed more than 400 companies in its customer base and ...
Read MoreKey Steps to the Lease Accounting Close
While some organizations have transitioned smoothly, others are still struggling to make the necessary business process and control changes. To comply with the new lease accounting standards, organizations have had to implement new business processes, new organizational structures, and new information systems. Most organizations have muscled through the first year of adoption using a combination of brute force and high-priced consultants.
Read MoreHow to Prevent Employee Data Theft
While organizations have invested heavily in protecting their sensitive data, even the world’s most sophisticated companies often overlook a persistent risk when it comes to potential data theft: their own employees. Most data theft is perpetrated by outside actors, including criminal syndicates, according to an analysis of 41,686 security incidents for the 2019 version of the Verizon Data Breach Investigations Report. But more ...
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