Category: In the trenches
A 6-point internal control checklist for year end (yes, already!)
Many people say life speeds up as you get older. Maybe that’s why the year-end crunch seems to keep getting tighter. The end of Q3 is upon us and year end is right around the corner. While the company’s SOX testing may…
See MoreIs finance an afterthought? The rookie mistake that can doom a startup
During the initial months and years of a startup, CEOs are faced with the daunting task of building a company from the ground up. There are many issues to address, including product development, sales and go-to-market stra…
See MorePutting the E in “revenue”: A big challenge of the new rev rec standard
Accounting professionals who have been involved with revenue for many years can recite the four criteria for revenue recognition as quickly as they can their children’s names—it just becomes second nature. For people l…
See MoreA Silicon Valley viewpoint: How to ‘fail fast’ without failing miserably
I have always believed the following adage is true: “You don’t plan to fail, you fail to plan.” However, more recently in business, and especially fast-paced Silicon Valley, the mantra has been to “fail fast.” Ma…
See MoreComing up with a game plan for revenue recognition
Consider taking the new revenue recognition rules out for a spin. It could be a short test drive, with just a sample of current contracts sitting in the passenger seat so you can see how the changes feel and how drastic th…
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The 4 stages of the business lifecycle and how to recognize what you need next
Many companies tend to follow similar patterns as they adapt and change over time. The trajectory is known as the business lifecycle, and we’ve identified four particular stages that companies typically move through from…
See More5 tips for audit prep: Set yourself up right and ace it
Getting your year-end audit completed can be an uphill slog or a fairly smooth process. Much of the outcome depends on the work you can put in ahead of the auditor’s visit. This may seem like an obvious point, but time a…
See MoreIt was high time the FASB eliminated ‘extraordinary items,’ and they finally did
Companies will no longer have to call out extraordinary items on the income statement following the Financial Accounting Standards Board’s recent issuance of an accounting standards update. This change, which affects tra…
See MoreFull steam ahead for 2015 and beyond
Halfway through the decade, with the Great Recession slipping farther and farther into the rearview mirror, corporate leaders are pushing onward and upward. Nowhere is this more evident than in the San Francisco Bay Area w…
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