This second in a two-part series highlights some of the impacts arising from customer accounting and the decisions associated with the provision of “more insightful” information.
In recognising the value of a customer base over a longer period of time, more informed decisions can be made. Many of these decisions will involve capital expansion to further improve customer profitability and firm value.
Part one explored strategic management accounting and profiled customer accounting. This article provides an overview of Strategic Investment Appraisal and Operational Investment Appraisal, and concludes with a customer profitability checklist for use when current investment is not considered an appropriate option and divestment is being considered.
The reality is that a third of weddings will be followed down the line by a divorce. Knowing how to approach this traumatic situation can help make the process easier.
It is a joy to share in the celebrations when two people publicly declare their eternal love and commitment. However, “eternal” these days is not necessarily “forever”. Having advised clients through the financial implications of relationship breakdowns, it is not something I would wish for anyone.
In the 1960s when the advertising of accountancy services was considered vulgar and not permitted by the Society, and well before the advent of the internet, how did accountants manage their public image?
In full knowledge of the dreary and backward reputation the accountancy profession suffered, the then Society set about to change it.
In a 1961 Journal, Mr AW Graham, who was the Secretary of the Society at that time, proffered his thoughts on the subject.
An overview of the proposed new and revised International Standards on Auditing.
The International Auditing and Assurance Standards Board (IAASB) has recently issued an exposure draft (ED) Reporting on Audited Financial Statements containing proposed new and revised International Standards on Auditing (ISAs).
This follows on from the invitation to comment (ITC) Improving the Auditor’s Report released last June.
This article provides a brief overview of the proposals, with a comparison to the initial suggestions for improvements that were outlined in the October 2012 Journal article “Enhanced Auditor Reporting”.