When confronted with the challenge of managing various aspects of acquisition transactions, senior financial professionals ( Chief Financial Officer and Controller) require a broad... More »

One of the key department to success for controlling cost (and maximizing profit as the main goal of companies) is the purchasing department. Purchasing is the first stage company spends... More »

This post tackles two basic questions about “Analyzing Profit Behavior”: How did the business make its profit? How can the business improve its profit performance?. Business managers... More »

The internal audit department’s efficiency [in general] can be difficult to measure; What kind of measurements a controller or CFO possibly performed? What to measure? How to measure... More »

Back from New Year 2009 celebration, just ordinary-routine celebration (Pries, gifts, foods, drinks, music). Seeing young [and pretty] sister of my kindergarten mate is the only thing... More »

Lease accounting has been a disaster for a very long time. Many Corporate managers can deceive investors and creditors by reporting leases as operating leases and pretend that they... More »

Business managers, lenders, and investors need to know the financial condition of a business. A summary of cash flows, though very useful in its own right. But, does cash flow provide... More »

In a troubled debt restructuring, the debtor has financial problems and is relieved of part or all of the obligations. The concession arises from the debtor-creditor agreement, or law,... More »

Every CPA candidate has different strength and weakness in term with CPA exam struggle. I myself found the “AUDIT Multiple choice” section was the most difficult of all exam sections.... More »

The accounting for impairment and loss recognition of property depends on the type of property (e.g., property held for development or completed real estate project) and the intent... More »