Survey of Finance Executives: Innovation, too, Takes a Village
On their way to earning the label of “disruptive,” breakthrough innovations may look like they lack the potential to earn big profits. But what’s critical, say finance executives at middle-market companies, is to start with, and follow, customer needs. Such insights are among the revelations contained in a recent survey conducted by CFO Research, in collaboration with CPA firm Cherry Bekaert. The study, which is based on data from 161 finance executives at companies with revenues of up to $1 billion, found that even with the ascendancy of Big Data, half of respondents believe that developing new products and services. Read More.
Finance Executives Calculate the Value of Innovation
Nowadays when finance executives at middle-market companies talk about the necessity of the business moving “beyond traditional boundaries” and “being bold,” they aren’t referring to expanding its geographical reach. In fact, those comments are part of a new survey exploring how middle-market finance leaders view innovation. Conducted by CFO Research, in collaboration with CPA firm Cherry Bekaert, the online survey collected data from 161 finance executives at companies with revenues of up to $1 billion. In both their written comments as well as their answers to fixed-choice questions, the finance leaders not only affirmed the necessity of ongoing innovation, but. Read More.
Working Drafts Offer Revenue Recognition Guidance for Telecommunications Suppliers
Revenue recognition implementation guidance could be on the way for telecommunications providers. Last week, the American Institute of Certified Public Accountants’ Financial Reporting Executive Committee issued two working drafts offering industry-specific guidance for adopting the Financial Accounting Standards Board’s Accounting Standards Update No. 2014-09, Revenue From Contracts With Customers. Proposed Issue #15-1– Portfolio Accounting, proposes that a telecommunications supplier can use the portfolio accounting shortcut when a large disparity does not exist when accounting for contracts jointly rather than individually. The draft guidance advises what suppliers should consider when deciding whether to use the portfolio approach. The second working draft,. Read More.
Chris Rux Discusses Cherry Bekaert’s Innovation Fund
In an August 31 article for Tampa Bay Business Journal, Cherry Bekaert’s Chris Rux helped promote the launch of Cherry Bekaert’s Innovation Fund . The article, “Tampa Accounting Firm Pays Up for Outside-the-Box Ideas,” highlights how the fund is designed to generate ideas and provide solutions for the benefit of the Firm’s clients. The concept behind the Innovation Fund originated from the leadership group of Cherry Bekaert’s THInc practice, for which Rux serves as the leader for central Florida. The goal of Cherry Bekaert’s Innovation fund is to encourage associates to present ideas that are original and outside the box. In the article, he is quoted as saying, “We as. Read More.
Will Middle-Market Private Equity Activity Continue to Decline?
PitchBook’s latest report reveals a continuing slowdown in private equity (“PE”) activity among the country’s middle market. According to the 2Q 2016 U.S. PE Middle Market Report, the total deal value of private equity middle-market investments during the first half of 2016 ($180 billion) dropped 8.5 percent, compared to the second half of 2015. Compared to the same period last year, the total volume declined 14 percent. Overall middle-market private equity activity, however, is declining at a slower rate than the broader private equity marketplace. The report also highlighted the lower middle market’s significant activity decline in second quarter 2016.. Read More.
Taking Stock of Business Leaders’ Brexit Concerns — Your Input is Needed
As everyone grapples with what to make of the UK’s decision to leave the EU, we’re gathering the thoughts and insights of business leaders like you in an effort to make sense of it all. We’d like to know what you think the impact of Brexit will be on your business and your industry. In a tightly-knit global economy, fractures like this one are going to be felt more deeply – and by more people. So, what does this mean for your business? What will you need to know in the days ahead? Have a couple of minutes? Your specific vantage point could really provide some unique insights. The survey will close on. Read More.