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Software Functionality Revealed in Detail
We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.
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Visit the TEC store to compare leading software solutions by funtionality, so that you can make accurate and informed software purchasing decisions.
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 gaap


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.

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Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

Compare Now

Documents related to » gaap

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 consolidation and reporting systems, and enable rapid legal compliance. But making the switch requires careful planning, thoughtful execution, and support from personnel throughout the enterprise. Find out how your company can manage the change.

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 required or permitted in nearly 100 countries, while others plan to adopt or align with IFRS soon. In the US, Generally Accepted Accounting Principles (GAAP) will soon be aligned with IFRS. Find out how this will affect your company, and what you can do about it.

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

Managing the Multicompany Corporation


For multi-organizational enterprises, 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.

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

Top 10 Ways the Transition to IFRS Will Impact Your ERP System


GAAP, or Generally Accepted Accounting Principles, have long defined the standards for accounting and related practices in the US. GAAP ensures that companies can produce documents that auditors can verify according to standardized accounting practices. GAAP is also important because it provides for consistency across industries and companies. A company using GAAP can have its

gaap  Impact Your ERP System GAAP , or Generally Accepted Accounting Principles, have long defined the standards for accounting and related practices in the US. GAAP ensures that companies can produce documents that auditors can verify according to standardized accounting practices. GAAP is also important because it provides for consistency across industries and companies. A company using GAAP can have its financials compared with similar GAAP-compliant companies. IFRS , or International Financial Reporting 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 of software as a service (SaaS) enterprise work management (EWM) solutions recently announced results for fiscal 2013 with 50 percent year-over-year subscription growth, as well as a whopping 410 percent year-over-year subscription growth of the AtTask Marketing Work Cloud.

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 years. One of the major lessons that Analog learned was to trust the lead and lag relationship between non-financial and financial measures. This note was based in part from an interview with Art Schneiderman, pioneer of the balanced scorecard concepts at Analog Devices and Bob Stasey, VP of Quality at Analog Devices.

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




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 financial plans are all over the map—no rules, no procedures, no 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.

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 process is key to successful software implementations.

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