Month: February 2013

5 Ways to Create Your Long-term Vision

With 2012 in the rear view mirror, and the 1st quarter of 2013 quickly passing, do you find yourself focusing on the present with no sense of priority for the long-term vision? If so, you are not alone! This is the time of each year where activity seems to move at an accelerated pace and… Read more »

What is the Right Price?

Nothing is more useful than water: but it will purchase scarce anything… A diamond, on the contrary, has scarce any value in use; but a very great quantity of other goods may frequently be had in exchange for it.                         —Adam Smith [1723-1790]   Traditional pricing methods have generally calculated price as “cost + profit.”… Read more »

FASB Wants Firms to Forecast Loan Losses

  The latest Financial Accounting Standards Board’s exposure draft on accounting for credit losses could bring sweeping changes to the way CFOs, accounting heads, and finance directors at banks and other financial institutions account for credit losses on their firms’ balance sheets.   An FASB exposure draft recently released requires companies to record on their balance sheets… Read more »