Accounting
Top stories summarized by our editors
8/16/2017

Twin Voyager spacecraft took off 40 years ago carrying a map for extraterrestrials to find Earth. There was little debate in the 1970s about whether aliens would be friendly, but scientists are having second thoughts.

More Summaries:
Voyager
8/16/2017

The cash conversion cycle -- a measure of how long cash is tied up in working capital -- shortened to 35.7 days at the country's largest companies last year, according to the CFO/Hackett Group Working Capital Scorecard. However, the data suggest that companies became less efficient at managing their receivables and inventories.

Full Story:
CFO
8/16/2017

Blockchain databases could prove valuable for ensuring data accuracy and detecting fraud, and they can be created with built-in audit trails. However, blockchain technology also presents certain risks, including problems with implementation and the potential for one entity to gain too much power over the ledger.

Full Story:
The CPA Journal
More Summaries:
Blockchain
8/16/2017

Some advocates of a tax overhaul favor a territorial system that would allow US companies to receive profits from international subsidiaries without facing federal tax liabilities. Moving to this type of system would likely have only a modest effect on total shareholder return, according to a new study.

Full Story:
CFO
8/16/2017

Executives who join a company in turmoil face a number of pitfalls as they seek to get the organization back on track. This article offers six tips for success, beginning with staying emotionally engaged and avoiding the temptation to blame predecessors.

8/16/2017

Here is a look at how the new revenue recognition standard could affect large companies such as Amazon, Starbucks and Nordstrom. One major change many retailers could feel involves the treatment of the unused portion of gift cards.

Full Story:
MarketWatch
More Summaries:
Nordstrom, Starbucks, Amazon
8/16/2017

With more Americans living and working abroad, a big challenge for tax practitioners is getting those clients the biggest foreign tax credit. Here's how qualified dividends can complicate that task and what can be done.

Full Story:
The Tax Adviser
More Summaries:
tax credit
8/16/2017

Unlimited vacation sounds good, but employees are often anxious about actually using it. One small startup figured out how to improve the creativity and happiness of employees by forcing them to take a vacation week at regular intervals.

Full Story:
Inc. online
8/16/2017

Employees who are satisfied in their jobs are more likely to be retained by their employer and to be productive at work. These strategies can lead to a happy, motivated workforce.

Full Story:
CGMA Magazine online
8/16/2017

Even if your computer lives in a cloud-based world, it's probably still a good idea to have local backup. An automated online backup system might provide the service you need.