Tag Archives: information

Is It Better to Have No Costing than Bad Costing?

I recently had an exciting conversation with Kris Moreels, founder and managing partner of B&M Consulting, a firm that specializes in designs of managerial accounting and strategy execution performance management systems. Kris and I share a common history as management consultants engaged by organizations to improve a weak and deficient managerial accounting system. He made [...]

Changes Coming to Wire Transfers

As fans of TV shows like 24 know, transferring money via wire is secure and instantaneous. That means you can grab it and go – which is critical when the bad guys (or gals) are on your tail. Nonetheless, the system has some shortcomings that have frustrated companies that send or receive money via wire [...]

Job Creation’s Ground Zero

Department of Energy CFO Steve Isakowitz was first appointed DOE CFO by President George W. Bush in 2007 and was last year reappointed to that role by President Obama. We recently spoke to Isakowitz and asked him about the DOE’s business hand.
BF: As CFO of a large government agency, what is your top priority today?
Isakowitz: [...]

Circle of Blame

Here is a fictitious story. But how true could it be?
Our company’s quarterly financial results were just announced. Our loss was unexpectedly double last quarter’s loss, and we have now been in the red each quarter for over a year. How can this be happening to us? Our company has been profitable for decades!
I can [...]