February 2010
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Creating an Excel-Based Budget You’ll Really Use
By Jason Porter and Teresa Stephenson, CMA
Budgeting is often a source of consternation for department managers as
well as the finance department. In this six-part series, the authors
detail an effective, efficient budget method that involves the creation
of a linked Master Budget within Excel. The results are a budget that
enables managers to see how their estimates and assumptions impact the
company’s critical financial statements and minimize attempts to game
the system. Part 1 examines the Data Input Sheet and the Sales Budget.
The Business of Making Money with Movies
By S. Mark Young, James J. Gong, and Wim A. Van der Stede
Major film studios are constantly seeking new methods of generating
revenue from their movies. These days, four-fifths of a film’s revenue
comes from other downstream sources, including home video, pay TV, and
syndication. With new technological breakthroughs, including
distribution over the Internet, the studios continue to explore how they
can generate more revenue while protecting their rights and property.
Improving Tax Competitiveness via Intellectual Property Management
By Emmalee K. Wus, CPA; Anthony Curatola; and Mitch McGhee
The global business environment has not only created new competition
among companies, but governments have found it necessary to compete on
tax rates and incentives to attract new business to their country.
Multinational corporations can take advantage of these lower tax rates
by incorporating intellectual property migration into their
transfer-pricing strategies.
Accounting Meets Strategy: Share Repurchase Programs
By Jane L. Reimers and J. Clay Singleton
A share repurchase program is an important tool in managing a firm’s
balance sheet. Integrating the underlying business objectives with the
mechanics of these transactions provides an excellent example of
strategic accounting. Here’s a detailed picture of treasury stock—why
repurchases are made and methods of accounting for them—including
examples of firms with significant buyback programs.
PERSPECTIVES
Acting Rightly
TAXES
The American Opportunity Tax Credit
FINANCIAL REPORTING
Is It Time to Consolidate?
ETHICS
Taxpayers Need to Shout: Enough Bank Bailouts!
YOUNG PROFESSIONALS
Take Networking to the Next Level
IMA LIFE
My Second Career
SF BULLETIN
• No Accounting for Healthcare Bill
• SEC Pay Reporting Changes Seen as Minor
• U.S. House Passes Two Bills Encouraging
XBRL Use
• Letters: New CMA Exam Helps IMA Brand
• Books: Aging and the Economy
EXCEL
Picture Lookups
ACCESS
Refining Your Reports
XBRL
XBRL Implementation Strategies: Frequently Asked Questions
TOOLS OF THE TRADE
Google’s Nexus One, BlackBerry Presenter, LaCie USB Flash Drives,
TaxWise
TECH FORUM
The New Newsprint
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