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What are the Accounting Rules for Selling Web-based Subscriptions? —CRM Buyer

There's No Accounting for the Subscription Economy  It's taken over 10 years to get the idea of the subscription economy into our noggins, but we've barely started internalizing what it takes to support it and report on it as a business, reports Dennis Pombriant at CRM Buyer. Add "Accounting" for 32 Points and a Triple Score “Wall Street types are very accustomed to companies selling products rather than su ...

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Oscars Neglect “Margin Call”—But Film Offers Solid Insight, Claims NYT Columnist

The Unjustly Neglected "Margin Call"  Ross Douthat at the New York Times thinks the Oscars missed crediting an important film this year: Speaking of Noah Millman, reading his Oscar post reminds me that my own comments on the year in movies neglected to mention what was perhaps the most striking injustice of the Best Picture nominations: The lack of any love for “Margin Call,” which was, as Millman writes, “ ...

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Three Practice Management Trends for 2012

Three Practice Management Trends for 2012  For the third year, the MGMA has published the State of Medical Practice in MGMA Connexion. It's an overview of issues and industry perspectives that will shape medical practice this year. The Association collected information from healthcare professionals about the ways in which EHRs increase revenue, as well as what affects your compensation and practice collecti ...

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When ‘Friending’ Becomes a Source of Start-Up Funds

When 'Friending' Becomes a Source of Start-Up Funds Social networking is pretty good for keeping abreast of far-flung friends. Could it work for entrepreneurs looking for investors?  That's the question Sarah E. Needleman and Angus Loten pose over at the Wall Street Journal Small Business blog. Critics say the idea is dangerous for investors, and even dicey for the entrepreneurs. Yet, it is gaining traction ...

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CPA Site Solutions Announces Social Media Marketing System

CPA Site Solutions Announces Social Media Marketing System CPA Practice Advisor recently reported that CPA Site Solutions, which develops and hosts web sites for accounting firms, has added social media features to update sites with accounting and finance tips via Twitter, Facebook, and LinkedIn. The Social Media Marketing System feature alleviates [the problem of accountants too busy to update their websit ...

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Adjusting, More M.D.’s Add M.B.A.

Adjusting, More M.D.’s Add M.B.A. Under heavy pressure from government regulators and insurance companies, more and more physicians across the country are learning to think like entrepreneurs, reports Milt Freudenheim at the New York Times: “All physicians need some kind of business training,” she said. “For example, some physicians with large research grants don’t know how to manage the money.” As for the ...

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Magic, Sex, and Outer Space

Magic, Sex, and Outer Space Goodwill is the established reputation of a business regarded as a quantifiable asset. Or of a person who's part of that business: That's why you often hear discussions about how to best separate personal goodwill from enterprise goodwill. But what if your personal goodwill was regarded so highly, in a contract, that you'd need to work for the new company that was buying you out ...

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The 7 Biggest Financial Mistakes Businesses Make

  The 7 Biggest Financial Mistakes Businesses Make  Running a business should earn you an honorary degree given all you will learn, writes Brian Hamilton, co-founder and CEO of Sageworks, over at Inc.    We live and we learn. In the time it’s taken me to build two companies, I have learned and more importantly, lived, these mistakes. I hope these pieces of advice can help both aspiring and existing entrepre ...

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Cut Down on Email, Increase Your Biz Dev

Cut Down on Email, Increase Your Biz Dev So advise Bret Owens and Dan Markovitz at AccountingToday: Too many CPAs begin the day reading through their email inbox. No doubt, reputations depend on near instantaneous client service. But let's face it—if the only value you're providing for your client is rapid response, you'll eventually be replaced by someone in Mumbai, Shenzhen or some other time zone who can ...

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Financial Reporting—and Singing CPAs

Hey There, Bob Posen! Steven Zelin, aka "The Singing CPA," and Edith Orenstein, Accounting WEB blogger for Financial Executives International (FEI), have teamed up to create a music video celebrating the third anniversary of the Security and Exchange Commission's (SEC)Advisory Committee on Improvements to Financial Reporting chaired by Robert C. (Bob) Pozen, senior financial lecturer at Harvard University. ...

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Alphabet Soup

Alphabet Soup AccountingToday's Danielle Lee writes that "A growing roster of professional designations fosters credential-mania," among CPAs, and devotes an article to surveying some of the most popular credentials today, including those from NACVA: The CVA. The National Association of Certified Valuators and Analysts' CVA credential does require a CPA license, along with coursework and an exam. Establishe ...

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Why Most Investors Don’t Measure Returns Correctly

Why Most Investors Don't Measure Returns Correctly At the NY Times Bucks: Making the Most of Your Money blog, Carl Richards opines: There’s an old saying that you should take a look at your checkbook and your calendar to see what you really value as opposed to what you say you value, because the calendar and the checkbook never lie. Dollars and cents are easy to count in the checkbook. Happiness, on the oth ...

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Lawyers and Accountants Once Put Integrity First

Lawyers and Accountants Once Put Integrity First So asserts Mark W. Everson, commissioner of the IRS from 2003 to 2007, in an opinion piece for the Sunday NY Times: Three or four decades ago, investors and regulators could rely on these professionals to provide a check on corporate risk-taking. But over time, attorneys and auditors came to see their practices not as independent firms that strengthen the int ...

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No Parties After IFRS Adoption in Canada

No Parties After IFRS Adoption in Canada When measuring the costs of IFRS implementation, there are the not-at-all trivial costs of changing accounting methods.  But there are also opportunity costs of spending time becoming IFRS compliant that you could have spent doing something other things. "The greater cost has really been the diversion of intellectual capital during this time period from doing more pr ...

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Tips for Valuators & Stub Years

More Feedback: Editor: I read the May 2011 Ambassador’s Quick Read – “Tips for Valuators” concerning stub years. I have run into this issue several times and I have seen it misapplied many times and I am glad you wrote about the topic. I noticed two points in the article that I believe need further clarification. The first thing that I noticed in the article is that the PV factors need to be modified as wel ...

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Connect with NACVA Members via Social Media

LinkedIn Features Booming CVA/AVA Activity Have you visited LinkedIn lately?  The NACVA AVA/CVA Certification group as of this writing has 935 members.  Follow the link and join in the conversation! This year is NACVA's 20th Anniversary.  What milestones do you remember being a part of?   QuickRead's Conversations with the Masters staff is preparing for an interview with Shannon Pratt.  Do you have question ...

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Economic Uncertainty, Spending Decline Top Owner Concerns.

Lending Improves The Wall Street Journal reports that Small Business Lending Has Improved. A Braun Research survey performed for Capital One Bank found 85% of owners polled in March said they’re able to access the financing they need, up seven percentage points from the fourth quarter of 2010 and 15 percentage points from a year ago. . . . but Owners Fear Economic Uncertainty Economic Uncertainty, Spending ...

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