Enterprise IT

The 5 Questions To Ask Your Controller

As the office of the controller becomes ever more strategic—creating higher levels of financial visibility to help drive growth and profitability—the financial organization’s relationship to the controller role must evolve as well. Specifically: Today’s CFO needs to work closely with the controller to ensure that, one, the organization gets the full benefit of the controller’s talents and knowledge and, two, the controller’s office is operating at the highest levels of efficiency and accuracy.

Follow the link below to read about the five questions to ask your controller to initiate a conversation around best practices.

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Enterprise IT

ASC 606 and Subscription Businesses – Why Compliance Can’t Wait

Revenue is the key indicator of your company’s financial performance and health. That’s not news. What is news? The accounting rules you must follow to recognize and report on that revenue are about to change. ASC 606 creates a major shift in how your business handles its accounting—particularly if you have a subscription based business that derives revenue from contracts with customers.

What’s the big deal? For starters, the impact of the change extends beyond a mere tweak to your accounting methods. It necessitates changes to your tracking, processes, and internal controls. The purpose of this guide is to highlight the basics of ASC 606, what it means for your business, and the risks of not taking action.

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