tailieunhanh - GROWTH AND PROFITABILITYOptimizing the Finance Function for Small and Emerging Businesses phần 9

Truy cập internet và kết nối phải đầy đủ để đảm bảo khả năng sử dụng đầy đủ các ứng dụng cam kết hợp đồng dài hạn có thể được yêu cầu công ty không nằm trong kiểm soát dữ liệu phương tiện riêng của nó không phải là một lựa chọn thỏa thuận có thể bao gồm các ứng dụng không được tận dụng hoặc không cần thiết Nếu ASP đi ra ngoài của doanh nghiệp, công ty có thể được trái với thời gian chết dịch vụ quan trọng. | 202 FINANCIAL REPORTING with GAAP. Waiting for an important event in the company life cycle to find out that GAAP has been employed inappropriately may be expensive and lead to a besmirched management reputation and or the expense related to a due diligence process that does not yield financing. If the purpose for being examined is stymied because of financial statement adjustments the whole company suffers and the business life cycle could be drastically altered. Developing Accounting Methodologies Translating the business to financials will require management owners to determine the level of aggressiveness of certain accounting positions. Purists in the accounting world maintain that the company s performance is what it is and there is no room for editorializing results. Practically speaking the objective of external reporting is to make the company look good on paper without materially misrepresenting results. The objective for internal reporting purposes is to translate the company s performance and financial state accurately. There are two potential pitfalls to avoid 1. Making the company look good in the near term at the expense of the future 2. Sacrificing presentation on one financial statement to enhance that of another To navigate these issues properly the finance strategist must employ a companywide approach to preparing financial statements and setting accounting policy. To avoid making the company look good in the near term at the expense of the future the finance strategist must understand revenue streams and disbursements. If accelerating revenue from a certain transaction serves a reporting purpose now what are the effects on reporting in the future An example of this dilemma is recognizing the steady revenue from operating leases over an extended period versus accelerating the lease payments and employing sales-type lease accounting. Although many other factors affect the use of sales-type lease accounting in this circumstance the steady revenue .