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Time for class – Widening the scope of training for retirement plan committee members
August / September 2019
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 767
Abstract: Learning the ropes of overseeing a retirement plan isn’t a “one and done” exercise. Periodic training updates for retirement plan committee members acting in a fiduciary capacity is a prudent approach to ensuring that they maintain the current knowledge essential to carry out their duties. This article reviews why it’s important to ensure that new committee members get a strong grounding in plan operations and their responsibilities promptly on being appointed to a plan committee, if not before. A sidebar discusses whether following the “prudent man rule” is sufficient for retirement plan fiduciaries to perform their duties effectively.
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Are all of your customers profitable for your business?
June / July 2019
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 767
Abstract: Owners typically spend a lot of time and energy trying to attract customers to their businesses and keep them, while rarely asking whether those customers are actually desirable ones. This article points out that, while it may seem counterintuitive to intentionally let go of customers, sometimes doing so can create a healthier, more profitable company. The article notes several strategies for evaluating customer value, including tracking their purchase history and sorting them by profitability level.
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Shooting for consistency – New rules clarify accounting for grants and contributions
Year End 2018
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 767
Abstract: When the FASB released new rules for revenue recognition in 2014, contributions were specifically excluded. Now the FASB is offering further guidance in its ASU No. 2018-08, Not-for-Profit Entities (Topic 958): Clarifying the Scope and Accounting Guidance for Contributions Received and Contributions Made. This article explores the issues that prompted the new rules, the definition of a “contribution” and what makes a contribution conditional. A sidebar explains how the new FASB guidance on grants and contributions also modifies the “simultaneous release” option included in GAAP.
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When to sell a division or subsidiary
April / May 2009
Newsletter: Merger & Acquisition Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 767
Abstract: One of the best ways a company can weather a weak economy is to streamline operations through the divestiture of divisions or subsidiaries. This article discusses the potential benefits of selling a unit, explains why it’s easier to sell a subsidiary than a division and suggests ways to find a buyer by targeting companies operating in the same product niche or a complementary sector.