Resources & Publications

Strategic Finance February 2005

February 2005
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Features

Do You Know Where Your Financial Assets Are?
By Alfred M. King, CMA, CFM
Most fixed asset records are likely to be wrong, according to this valuation expert. Companies, however, must focus on this traditionally low-priority area because auditors - mindful of how asset values at Health South and WorldCom were deliberately overstated and in light of SOX requirements - certainly will.


Does Your Scorecard Need a Workshop?
By Hugh Pforsich
To have a successful balanced scorecard, organizations must make strategy everyone's job. Control Self-Assessment workshops provide a forum for management-employee collaboration in a strategy that facilitates, complements, and enhances the BSC.


Transforming Government and the Accountability Profession
By Donald E. Tidrick, CMA, CPA, CIA
U.S. Comptroller General David Walker relates how and why the General Accounting Office changed its name to Government Accountability Office. It's still the GAO, but Comptroller General Walker hopes to persuade the government to establish key performance indicators like the major companies use. He also aims to successfully audit the entire federal government, including the Pentagon, before his 15-year term is up.


How Risky Are Your Capital Expenditures? 
By Thomas L. Zeller, CPA, and Brian B. Stanko, CPA
Evaluating a major capital expenditure for an ERP system entails estimating several future cash flow measures and different levels of risk. This improved capital expenditure decision-making model illustrates how to organize data in a spreadsheet format to clearly identify the best and worst case scenarios that may result from a proposed capital acquisition.


A Year of Firsts
By Ramona Dzinkowski
The fallout from the corporate scandals of the '90s isn't over yet. CFOs and other financial executives face a number of challenges this year including beefing up MD&A disclosures, complying with SOX requirements, and adjusting to a makeover of GAAP as FASB moves to align with international accounting standards.

Columns

PERSPECTIVES
Does internal control enhance or impede?


STRATEGIC MANAGEMENT
A holistic approach to venture capital investment decisions.


BEST PRACTICES 
The freedom of "not knowing."


CAREERS 
Communicating effectively with employees.


TAXES
The burden of being employed: U.S. vs. Canada.


ETHICS
Organizational DNA should contain ethics component.


XBRL
XBRL and IFRS in Latin America.

Departments

STREETWISE
Top HR compliance issues for small businesses
Offshoring benefits take work
SEC schedules review of internal controls requirements
Books: Robbing U.S. blind


TOOLS OF THE TRADE
Tax season opens.


TECH FORUM
Enough Sun Tsu?


FINANCIAL TRENDS
A word from accounting's powers that be.


END NOTE
The next great thing - then and now.


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