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Fixed Assets Management: What You Need to Know
When managing fixed assets, you must follow Generally Accepted Accounting Principles (GAAP) for financial statement reporting, and you must follow the IRS tax

gaap  explains the differences between GAAP principles and IRS regulations for fixed assets management, and provides a list of best practices to follow. Read More...
Discrete Manufacturing (ERP)
The simplified definition of enterprise resource planning (ERP) software is a set of applications that automate finance and human resources departments and help manufacturers handle jobs such as or...
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Documents related to » gaap


Managing the Multicompany Corporation
For multi-organizational enterprises, generally accepted accounting principles (GAAP), Sarbanes-Oxley (SOX), and International Financial Reporting Standards

gaap  generally accepted accounting principles (GAAP), Sarbanes-Oxley (SOX), and International Financial Reporting Standards (IFRS) have made everything from closing the books to daily management more complex. Learn how to manage the sales and financial components of your enterprise, including requirements for addressing differing currencies, taxation rules, and reporting. Read More...
An IFRS Fable: The Company That Waited Too Long
Many US companies find themselves acting like “Wait-and-See, Inc.” They interpret the switch from US Generally Accepted Accounting Principles (GAAP) to IFRS as

gaap  Generally Accepted Accounting Principles (GAAP) to IFRS as a matter of compliance rather than an opportunity to become more globally competitive by improving key internal processes. But transitioning to IFRS offers many benefits beyond compliance. Find out what those benefits are, and how your company can harness them. Read More...
Streamlining Your Conversion to IFRS: Challenges, Choices, and Transformative Technologies
Transitioning to international financial reporting standards (IFRS) is more than just a mandate—it’s an opportunity for companies to improve their financial

gaap  Accepted Accounting Principles , GAAP , Transformative Technologies , Rote Accounting Exercise , Financial Policies , International Financial Reporting Standards Convergence , Financial Reporting Systems , Structure of IFRS , Transparent Financial Reporting , Scope and Impact of IFRS , Adopting IFRS , Financial Accounting Systems , Proliferation of Financial Products , Facilitate Financial Statement Comparisons , Accounting Standards Board of Japan , Reduced Closing Times , Securities and Exchange Read More...
Smooth Transition: Preparing for IFRS
International Financial Reporting Standards (IFRS) are the reporting standards developed by the International Accounting Standards Board (IASB). IFRS is now

gaap  Transition to IFRS , GAAP to IFRS Transition , IFRS Transition Date , Transition from GAAP to IFRS , Approach IFRS Transition , Supporting IFRS Transition , Process of IFRS Transition , Experience with IFRS Transition , Planning for IFRS Transition , Forming IFRS Transition , Successful IFRS Transition , Step for IFRS Transition , Core of the IFRS Transition , Contingents of the IFRS Transition , ERP for IFRS Transition , Benefits of IFRS Transition , Project Cost-Reduction in the IFRS Transition Process Read More...
AtTask—Enabling Enterprise Work Management in the Cloud
Cloud-based social project management solution providers seem to be doing quite well of late, at least based on AtTask’s upbeat results. The Utah-based provider

gaap   2013 was our highest GAAP revenue since we began in 2001. We did some major integration work with SharePoint, Box, and Google Doc, and have created an iPad app. We have included a robust agile project management capability, and are expecting even larger growth in 2014.   TEC : Do you have anything else to add? AtTask : We will be releasing two new capabilities soon, both of which are the first of their kind in the industry. At a high level, these two upgrades will give team leaders and members a Read More...
The Fuzzy Logic Between Lead and Lag Indicators
Analog Devices was the first company to implement a balanced scorecard company-wide on an Executive Information System. In fact, it has been running for 13

gaap  former is guided by GAAP, tax laws, and the needs of stockholders and are lagging performance indicators. Operational control, on the other hand, is a leading performance indicator, and is guided by business strategy, and how well customer expectations are met. Satisfying these two needs are related but measured differently. Reporting that is focused only on investor results can have a counterproductive impact on the longer term performance of the company (e.g., a focus solely on short-term financial Read More...
Deltek Going Private Again
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gaap  the prior year Q2 GAAP net income was $4.2 million for a Q2 GAAP  earnings per share (EPS)  of $0.06 At the time, Deltek also outlined important sales and product development highlights , including the following: Leading space systems manufacturer Orbital Sciences Corporation chose the vendor’s new project manufacturing solution, Deltek Costpoint MES , to streamline its operations and lower its costs. In the quarter, the vendor added more than 40 new Deltek First customers. Since its launch in mid-201 Read More...
Standards for Financial Plans
Large companies can afford to develop their own budget and forecast systems, but for small businesses, there’s only one choice—the spreadsheet. But spreadsheet

gaap  consistent formatting, and minimal GAAP accounting. This white paper proposes standards that can help entrepreneurs and small business owners create, format,and manage financial plans. Read More...
Software Evaluation, Selection, and Procurement
The statistics for completing packaged software implementation projects are grim. This article examines how the software evaluation, selection, and procurement

gaap  Capital Investment Paradigm Financially, GAAP requires companies to account for most software license and implementation costs as capital investments. This makes perfect fiscal sense, as the software lifecycle is long and depreciating the investment over multiple years is sound financial practice. Unfortunately, the software procurement process does not follow a similar, long-term capital investment approach. Instead most companies handle software purchases like departmental operating expenditures. This f Read More...

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