Resources & Publications

Strategic Finance March 2003

March 2003
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Features

Improve Productivity With Contextual Collaboration
By Derek Ruths
The ability for several users to work on the same spreadsheet at the same time can boost the accounting/finance department’s output and performance. The software that makes this possible is known as contextual collaboration. It allows instant messaging, real-time conferencing, and file exchange without users having to learn new, unfamiliar programs.


Performance Pays Off
By Doreen Remmen, CMA
Employees think like owners at this Paramus, N.J., distributor of industrial fasteners and share in the rewards. NYF Corp.'s award-winning gainsharing program features 360-degree employee evaluation, open book management, and profit sharing.


Sarbanes-Oxley Act - Who Gets The Bill? 
By Frank C. Minter, CPA, and Douglas L. Smith, CMA, CPA
Most financial executives and managers know that the Sarbanes-Oxley Act establishes a new body to monitor corporate accounting, but what they probably don’t know is that their companies are going to receive a bill to pay for its operations—plus the operations of the standards-setting body.


Breaking The Code: What to Present to Venture Capitalists 
By Paul Burmeister
So you think you have “the next big thing,” but you don’t have seed money to develop and market it. How do you entice angels to finance your dream? A VC expert lays out a succinct strategy.


How to Pick a Consulting Firm 
By George R. Aldhizer, III, CPA, and Leslie D. Turner, CMA, CFM
A consulting firm picked without much study can lead to massive cost overruns as illustrated by a survey showing that 19% of engagements exceeded initial cost estimates. Experiences gleaned from two recent surveys of companies’ experiences with consultants highlight the need for a systematic, in-depth analysis of the proposals of potential consultants.


Transparent Reporting? 
By John P. McAllister, CPA
Greed and dishonesty may not be the only explanation for recent corporate scandals. Perhaps the basic assumption that compliance with generally accepted accounting principles equals transparent reporting is wrong.

Columns

PERSPECTIVES
Lifelong learning—it’s the only way to remain competitive in the job market.


STRATEGIC MANAGEMENT
Strategy or execution?


CAREERS 
Sarbanes-Oxley Act: What does it mean to me?


BEST PRACTICES
You show me yours…


TAXES
Individual tax update, Part 3.


XBRL
XBRL and Office 11: A Field of Dreams.

Departments

STREETWISE
William Donaldson is new SEC chair
FASB sets up user advisory council
Are “whistle-blowers” heroes or just doing their job?
Changes to Bush stimulus package unavoidable
Books: Former SEC chairman Levitt speaks out


TOOLS OF THE TRADE
Several small computer/communicators and a little tax help.


TECH FORUM
The great idea evolves.


XBRL Add-in For Microsoft Office 11 is Forthcoming
As you may be aware, Microsoft Corp. is releasing the next version of Office, “Office 11,” this summer. (See the XBRL column above.)


STRATEGIC FINANCE QUIZ
Successfully answer 70% or more of the questions based on selected articles from this month’s issue and you will earn three CPE credits.


END NOTE
Sentence Extended for Mickey and Friends.


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