Fraud in Accounting
Fraud in accounting has come full circle since Sarbanes Oxley in 2002. It goes by several different names but affects companies in almost all the same ways. Asset misappropriation There are several basic types of fraud. however, asset misappropriation and financial statement fraud are some of the most common among growing businesses. When you hear […]
CFO vs. Controller
What are the differences? When identifying the differences between a Chief Financial Officer (CFO) and a Financial Controller, a growing company needs to understand the different roles and duties each play in the business. In its most simplified context, a CFO oversees, interprets and forecasts the entire business financial outlook, while the Controller relays a […]
Good People. Bad System.
Good people, bad system So often the problem is in the system, not in the people. If you put good people in bad systems, you get bad results. You have to water the flowers you want to grow. As people really learn to think Win/Win, they can set up the systems to create and reinforce […]
Your Accountant Sucks and Here’s Why
Accounting requires experience They stopped learning, stopped caring and forgot what the purpose of their job is. I never understood why my profession is governed by the idea that “old” is automatically good – that an individual with 30 years of experience is often seen as “knowledgeable” and “experienced.” While experience does play a big […]
