Accounting is a practice of helping business leaders make informed business decisions. As quoted in a Business Insider article, “The CFO of the future will need to be the connector between the business and data scientists." Peter Sondergaard, Gartner: “Data is the...

What steps do you and your organization take to align vertically? A strategy pyramid is a visual tool to help guide your organization execute its plans. Elements include: Mission - Why We Exist Values - What’s Important to Us Vision - What We Want to Be Strategy -...

To make informed business decisions, a couple of my favorite tools available to management are segmented reporting and the balanced scorecard. A segment is any part or activity of an organization about which a manager seeks cost, revenue, or profit data. This can be...

Frequently, I am asked about my experiences as colleagues explore their own paths. Just this past week, I met with an individual considering two avenues: (1) Business and (2) university. They generally ask which one that I prefer. I smile and respond, “Both!” As...

Not exactly groundbreaking material: Business is, well, business. Whether for profit or nonprofit, every organization in the world has customers, vendors, etc. It is a common thread across the sectors of our economy. Sure, with manufacturing, we look at cost concepts...