• Accounting News Roundup: Anti-Excel CFOs and Deloitte Digital Gets Bigger | 11.27.17

    By | November 27, 2017

    It’s Cyber Monday, so in between your holiday consuming sessions, try to catch up on some reading.

    Stop Using Excel, Finance Chiefs Tell Staffs [CFOJ]
    The battles lines are fierce in a debate straight out of a Ben Wyatt Parks & Rec storyline.

    Consequences of Proposed Changes to the Net Operating Loss Rules [BNA]
    Under the House bill, the NOL rules would no longer allow carrybacks and would make the carryforward period indefinite.

    How a $250 Break for Teachers Explains a House-Senate Divide on Taxes [NYT]
    The House bill eliminates the $250 Educator Expense Deduction; the Senate bill doubles it.

    Deloitte Digital’s CMO Is Claiming Territory Long Held by Traditional Shops and Holding Companies [Adweek]
    Buried in this profile of Deloitte Digital CMO Alicia Hatch, the size of the firm’s agency is revealed: $3.1 billion in global revenues; which is roughly double of what it reportedly was just a couple of years ago.

    Tech CFOs Grow Desperate for Talent [CFO]
    Not a single war metaphor in this most recent tale of hiring woe: “For literally every job we have out there, it’s very hard to find people,” says a CFO.

    Singles day and GMV [China Accounting Blog]
    Paul Gillis writes about Alibaba’s notorious metric it uses for Single Day: gross merchandise sales. “Analysts love GMV, which they believe gives a more meaningful view as to the volume of business going through the platform. A major problem is that GMV is not a defined accounting term, and the numbers are unaudited. ”

    Previously, on Going Concern…

    Last week, I wrote about the U.K audit regulator wanting stiffer fines for Big 4 firms guilty of “seriously bad incompetence.”

    In Open Items, someone is asking about background checks for a winter internship. Another user is a “Tax accountant [who] wants tf out.”

    In other news:

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    • dumpus

      “Stop Using Excel, Finance Chiefs Tell Staffs”

      should read “For The Love Of God Please Someone Teach Me How To Use Excel, Finance Chiefs Tell Staffs”