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Impact of Revenue Recognition Standards Extends Far Beyond A&F from Tatum’s… March 1, 2018 By Macon AlbertsonPresident, Tatum Professionals As if CFOs didn’t have enough on their plates with digital, automation and talent disruptions, the Financial Accounting Standards Board (FASB) recently updated their revenue recognition standards (ASC 606), ensuring that CFOs will be even busier in 2018. Issued as a means of standardizing revenue recognition in the global services economy, the new standards mean CFOs will lead adjustments in policies, systems, processes and controls for reporting revenue — arguably the most important metric in financial statements. Bloomberg calls it…
4 Key Attributes Every Top-Performing CFO Should Possess February 22, 2018 Article by Macon AlbertsonPresident, Tatum Professionals Defining the role of a top-performing CFO is growing more and more difficult as the responsibilities and oversight continue to expand well beyond risk management, regulatory compliance and all things financial. Even new terms for the “CFO” have been bantered about with some calling these executives Chief Future Officer or Chief Frontier Officer. These terms highlight the increasingly strategic role of CFOs to drive business decisions and prepare the enterprise for future growth. The truth is, CEOs want and…
Cyber Security – Practical Protection For The Modern Age: A Philadelphia CFO Discussion November 11, 2015 In today’s internet-based world, we are dominated by computer networks, programs, and data and we have an abundance of information readily available to us. But, with the accessibility of all of this information, corporations are at risk more than ever for cyber attacks and threats. And, if companies are not protected, the results will, most likely, have adverse effects on corporate profits, public confidence, stocks, economic sectors, and other critical infrastructures. To contend with these issues, today’s CFO must be in touch with and prepared…