A closer look at PayPal's use of non-GAAP metrics | Tracking trends in working capital | Blockchain offers opportunities, risks
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August 16, 2017
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Accounting and Reporting Update
Why lease accounting laggards face serious risks
Gathering all of an organization's lease contracts and extracting the data to comply with new lease accounting rules can be an arduous task. Here's what organizations need to consider as they implement the new Financial Accounting Standards Board rules -- and why it's smart to start that work promptly.
Journal of Accountancy online (8/3) 
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Other News
Managing the Complexities of Nonprofit Growth
Growth can mean different things to organizations, and managing growth in a responsible way is essential - regardless of your shape or size. Download Abila's Research Study: Managing Growth to discover how your peers are growing and their plans for overcoming growth challenges. Download today!
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Emerging Trends
Tracking trends in working capital
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.
CFO (7/26) 
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Blockchain offers opportunities, risks
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.
The CPA Journal (7/2017) 
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Eliminate Intercompany Accounting Risk
Join a three-part webinar series on the latest developments in intercompany accounting, designed for you to understand the new regulatory environment and build a strong intercompany accounting system for your organization. Register for the webinar today.
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Tax Corner
What a territorial tax system would mean for investors
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.
CFO (8/1) 
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What proposed regulations on the fractions rule mean for tax-exempt organizations
Understanding the fractions rule can enable tax-exempt organizations to invest in partnerships that hold interests in debt-financed real property without being subject to the tax on unrelated business income under Section 512.
The Tax Adviser (7/2017) 
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Leadership Lessons and Tips
Unleashing HR's strategic potential
Some companies have succeeded in involving the HR function in company strategy, but more needs to be done in this area. Among other things, companies need to tap into the power of people analytics and ensure that day-to-day operations do not distract HR from its strategic purpose.
McKinsey (7/2017) 
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6 tips for turning around a troubled company
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.
Harvard Business Review online (tiered subscription model) (8/7) 
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Tech Topics
Debunking myths about cybersecurity programs
How can business and technology leaders ensure that critical corporate assets remain safe? Analysts in this article suggest that trust should be the foundation of a successful cybersecurity program, but they note it is often a missing component of organizations' cybersecurity initiatives.
McKinsey (7/2017) 
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What is "digital IQ," and how can companies compete?
Corporate confidence in employees' digital skills is declining while the need for advanced technical capabilities is increasing. Companies can increase the "digital IQ" of employees through tools like Slack, but leadership is always critical to success.
Harvard Business Review online (tiered subscription model) (7/28) 
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Regulatory Developments
Regulators study risk of syndicated loans
The riskiness of large syndicated bank commitments is still elevated, although it has declined somewhat, according to US bank regulators. The danger is that an economic downturn could lead to a spike in loan losses.
CFO (8/2) 
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Other News
AICPA News
2017 Outstanding CPAs in Government
The AICPA Government Performance and Accountability Committee (GPAC) announced the winners of the 2017 Outstanding CPA in Government Awards. Congratulations go to Jan Sylvis (Career), Gloria Jarmon (Federal-Impact) and Tim O'Brien (Local-Impact). Learn more at the AICPA's Business and Industry, Government Resource Center.
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CGMA webcast: "Project Charter for Finance Professionals"
Attend this webcast to learn how accountants can contribute to the development of robust project charters that ensure strong return on their organization's project portfolio investments. CGMA designation holders receive a 20% discount. The webcast takes place at 12 p.m. ET today, Aug. 16. Register here.
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AICPA Global Manufacturing Conference
Prepare for uncertainty ahead and for major marketplace trends, competitors' strategies and economic trajectories at the AICPA Global Manufacturing Conference, Sept. 11-13, in Baltimore. Register here.
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Free CPE CGMA webcast: "Trends in Business Technology"
For business professionals, it is critical to stay current on technology trends that cover multiple aspects of the organization. Join this webcast on Sept. 14 at 1 p.m. ET to hear experts discuss current trends in technology for business, enterprise, content management and tax. CGMA designation holders will earn two free CPE credits. Register here.
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A first-of-its-kind event, brought to you by the AICPA and CIIPA
Join us in the Caribbean -- Nov. 15-17 -- as we unite the global reach of the AICPA with the regional influence of the Cayman Island Institute of Professional Accountants (CIIPA) for three days of insights and conversations. Learn more and register here.
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About the AICPA
The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, not-for-profit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination and offers credentials for a number of specialized areas. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.
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