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What does Scott Lane think?

Senior finance professional with strong financial, risk management, and technical accounting expertise. Excellent verbal and written communication skills, experienced at presenting to investors and all levels of management. Experienced at leading initiatives across organizations and ... See full profile

The Economist http://www.economist.com/printedition/2012-04-28
I would have gone with an expected value approach. For example: say there were 100 customers, each could be worth up to 5k with a full response, but...
I think a CFO should primarily focus on the future and accounting should focus on the past. The CFO should ensure the resources are in place to...
So really you offer 20 days off plus paid holidays? That's about the norm, whether it is called PTO or not, that I have seen at both large and small...
Agree with comment above regarding usefulness of DCF approach and running scenarios (recommend high, low, and base case scenarios). On the discount...
I agree with Jennifer's cost estimate. Would be bid like and audit for the overall job, should not be by the hour.
Before the Great Recession almost anything was factorable or securitizable. GMAC used to have a construction lending business line that I believe...
Agree with the point on perception issues and that it can help land business, regardless of the true value added. I would say though that, depending...
SAS 70 is basically an audit of your controls, very much like SOX 404 but not quite as bad. Believe there are two types: type I is where they assess...
Seems a little hard core but, would think OK if voluntarily provided. I have heard of prospective employers asking for proof of current salary, rare...
Agree, should be on radar screen of senior management. Has been where I have worked. This is one of those binary operational risks in my view: if it...
I would look at this as a time value of money calculation. So you have a marginal positve cash flow of $5k per year over 6 years with discount rates...
This area is now governed by FASB ASC 360, Property Plant and Equipment. I think the basics are pretty straight forward: capitalize costs incurred...
Agree with J. Finn comment. I have threatened to write a book on how to not implement SOX 404, it can be a huge waste of time and money if not done...
Is there a way to use cell phones / PDA's to somehow track basic financial information? I know that in developing countries often people have cell...
The first $1,000 would apply to your basis in your example, return of capital is not imputed for each dollar. So your return is on a cash basis as...
I don't think there is necessarily one model that fits, depends on the company. Ultimately it is a cash flow model (unless of course the company is...
I think you should first determine what systems and processes make sense for you, then worry about documenting procedures and policies. Start with...
Would think you still need to expense as incurred, not paid, if material. Presumably a lot of firms expense on a cash basis since they have monthly...
I have seen close periods from +2 to +10 business days. In all instances estimates are involved and judgment must be applied to consider whether...
Yes, I would call it "parts inventory" or "prepaid parts" until used. When used, if the parts only maintain the current useful life of the asset,...
The recent rules around this were from FIN 46(R) which was an interpretation of ARB 51 (all the referencing is now different given FASB codification...
The CFO should be as independent as possible for sound governance purposes, the CFO has fiduciary responsibilities. In many smaller companies the...
I have seen payroll roll under HR in most large companies, under accounting in smaller companies that really don't have an HR group per se. I don't...
Interesting question posed by Cindy. I have a CPA and I do feel that at times I am limited to more control oriented type roles. I have found it...