Accountancy Articles
Displaying items 111-120 from a total of 187 item(s).
XBRL: Revolutionizing the Corporate Reporting Supply Chain
by Frank Brown and Mike Willis | Published on 7/29/2003
XBRL - eXtensible business reporting language - the Internet-based computer language for business reporting, has steadily gained visibility and momentum over the past two years. How could a computer language shake things up so much? Think back to the giant metal boxes that changed the face of global shipping and trade.
Maintain Excellence, Cut Risk
by Patrick J. McDonnell | Published on 7/24/2003
Despite a year of bad headlines, we all know that most accountants are “good guys”—that is, intelligent men and women of character who respect their role as the cornerstone of the capital formation process. Nevertheless, recent company failures caused by a few bad apples have vividly demonstrated some of the profession’s weaknesses and brought a spotlight to bear on the quality of audit and attest services.
International standards take on new importance
by Zaf Iqbal | Published on 7/15/2003
Two years ago, the International Accounting Standards Board was a mere benchwarmer in the standards-setting game. It was a group with a goal that in the eyes of many was little more than altruistic-to develop a single set of global accounting standards. Well times have changed.
Generosity
by Altaf Noor Ali | Published on 7/11/2003
It is so reassuring to have a person like Mr. Abdul Sattar Edhi among us. Founder of Edhi Welfare Network, for many years this network has been able to help many desperate in need. Our society would surely be less humane without selfless people like him and his family who fully supports him.
Perfecting Your Proposal
by Howard W. Wolosky | Published on 7/5/2003
When competing for an engagement, many accounting firms have a similar belief. “They believe all they have to do is show their qualifications; a sort of meritocracy. A belief that the cream will rise to the top and the intrinsic value of the services that they provide will be seen. What they don’t realize is there are five other firms who believe the exact same thing about themselves.
Identity theft: a growing fraud threat
by Stephen Hill | Published on 6/30/2003
Stephen Hill in a special study, looks at the increasing problem of fraud and
its implications for benefits, business and advisers.
"Who steals my purse steals trash, but he that filches from me my good name…
makes me poor indeed" (William Shakespeare (Othello))
Leasing companies feeling heat of competition
by Dilawar Hussain | Published on 6/24/2003
Leasing companies have a problem or two on their hands. In about the last three years, commercial banks have entered the arena and are wrestling away market share from the leasing sector. There is doubtless, nothing illegal about that, but leasing companies complain that banks are not bringing in fresh new business but because of the financial muscle that they enjoy, banks are 'poaching' from that share of the 'critical mass' which leasing companies had laboriously built up over the last 14 years.
Assess Your Organization's Readiness to Execute Strategy
by Randall Russell | Published on 6/20/2003
In these times of economic turbulence, strategy execution has become the new mantra for executives who seek growth. Executives are demanding more of their strategy efforts; a strategy must be sound and executed before any benefits can be realized. The Balanced Scorecard explains that one major risk confronts all organizations who hope to achieve strategic success.
Finally, Business Talks the Same Language... XBRL
by Stanley Zarowin and Wayne E. Harding | Published on 6/16/2003
Just as English is the universal language of commercial pilots, so XBRL soon will be the lingua franca for all business reporting—from issuing financial statements to banks and shareholders to uploading business information onto a Web site. The development surely will revolutionize how business data are reported, used and calculated.
XBRL Leaders Push for Global Acceptance
by SmartPros | Published on 6/9/2003
With standards of corporate reporting under intensifying scrutiny, Extensible Business Reporting Language (XBRL) is the silver lining in the cloud hanging over the corporate world, leaders of the financial community were told at an investment industry forum.
