Manufacturing Strategy
A recent Reuters article states that large U.S. manufacturers are more likely than their smaller peers to move production to the United States from China. To quote from the article, “Labor costs and the quality of goods are the top reasons for companies to consider so-called “re-shoring,” with some companies considering the United States a de [...]
Risk Management in IT
Strategic Alignment It seems that is very hard to protect an organization from IT risks if such risks are not managed and mitigated under a broader risk management framework. To be truly effective, IT risks must be addressed as part of an overall risk management framework. The COSO & COBIT frameworks both give us broad principles [...]
Reflections on Earth Day…
Today is Earth Day. So what? Just another day or is something going to change now? We seem to be caught up in an endless battle between environmentalists and anti-environmentalists for the heart and soul of public opinion. At the end of the day, the destruction continues as taxpayers debate the costs and benefits of [...]
The Warning
“We didn’t truly know the dangers of the market, because it was a dark market,” says Brooksley Born, the head of an obscure federal regulatory agency — the Commodity Futures Trading Commission [CFTC] — who not only warned of the potential for economic meltdown in the late 1990s, but also tried to convince the country’s key economic powerbrokers to take actions that could have helped avert the crisis. “They were totally opposed to it,” Born says. “That puzzled me. What was it that was in this market that had to be hidden?”
Warren Buffett’s common sense beliefs (and mine)
“If The Business Does Well, the Stock Eventually Follows”
Global Accounting Speed Bump: Mark-to-Market
more about "Global Accounting Speed Bump: Mark-to…", posted with vodpod
How chasing Quarterly Financials leads to wrong decisions (continued……)
What harm could be done in the absence of quarterly reporting? Analysts would get less frequent communication and information but would it be entirely a bad thing? What good information is anyway if it becomes an end in itself and destroys shareholder value?
The Management Accountant’s role in Marketing Strategies
I have always been comfortable working with marketing and supporting marketing managers make good decisions. Since marketing typically comes before sales there is more planning and creativity involved in the process. However marketing managers and vice presidents don’t always understand the financial impact of their decisions- that’s where they come to us for support.
Internal Auditing- view from my chair
The internal audit function should add real value to justify its existence, not just focus on compliance with GAAP and regulations.
Financial innovation- Good or Bad?
Financial innovation has made a lot of financiers rich, but what has it done for the broader economy? Follow the live online debate with opening statements by ROSS LEVINE James and Merryl Tisch Professor of Economics, Brown University and JOSEPH E. STIGLITZ Professor, Columbia University http://www.economist.com/debate/days/view/471
Kal
