In The News

Voices Bridging the finance generation gap

4/26/2019

Senior-level financial executives are looking for new skills and abilities from the next generation of accounting and financial reporting professionals. In fact, a combination of strong soft skills (like communication and creativity) along with a background in new technologies (such as data analytics and artificial intelligence) are the most highly valued traits sought after by finance organizations, according to the Financial Education & Research Foundation and Robert Half’s 2018 Benchmarking Accounting and Finance Functions report.

In a challenged sector, how one IBD is navigating a barrage of changes

4/22/2019

Jack Oujo admits he may have flubbed the initial call. The 26-year HD Vest Financial Services advisor and former minor league baseball umpire first balked at the largest tax-focused independent broker-dealer’s clearing switch to Fidelity’s National Financial Services. Upon further review, he says, it looks much better, thanks to tools like eMoney and a new client portal.

Why You Should Be Investing in Commodities

4/17/2019

Investors seeking the perfect stock market hedge just might find it by investing in commodities. Commodities are the raw materials that are either consumed or used to build other products. From orange juice, to timber, oil and gas or gold, commodities take many forms.

Robos survived a volatile year. What happens when it’s worse?

4/10/2019

Buoyed by a decade-long bull market, robo advisory firms have made significant inroads in the U.S. wealth management market since the financial crisis — assets on digital platforms are now expected to top $1 trillion by next year.

Robos survived a volatile year. What happens when it’s worse?

4/10/2019

Buoyed by a decade-long bull market, robo advisory firms have made significant inroads in the U.S. wealth management market since the financial crisis — assets on digital platforms are now expected to top $1 trillion by next year.

Voices Private companies should proceed cautiously as filing deadline approaches

4/08/2019

Many private companies will benefit from the new Tax Cuts and Jobs Act thanks to a key provision of the law that provides certain private businesses with a 20 percent deduction for certain qualified pass-through business income.

1st Global president prepares for HD Vest, Blucora deal

4/04/2019

David Knoch, the president of 1st Global, is getting ready for the close of the acquisition of his financial advisory firm by Blucora, the parent company of HD Vest, and is making plans for aligning with a former rival.

How 401k Plan Sponsors Can Mitigate Fiduciary Liability Associated with Target Date Funds

4/02/2019

Previously, we outlined and examined the often unanticipated problems that can bedevil unsuspecting 401k plan sponsors (“5 Areas Where Target Date Funds Increase 401k Plan Sponsors’ Fiduciary Liability,” FiduciaryNews.com, March 26, 2019). If these represent the poison, what antidotes can be help save 401k plan sponsors from that unwanted fiduciary liability?

2019 Latest Robo-Advisor News from Robo-Advisor Pros

3/13/2019

This month brought with it a variety of robo-advisor news. From new offerings for UAE residents to reminders about how successful diverse portfolios can be, February brought a lot of updates to the robo-advisor world.

How QDIAs Have Changed the Fiduciary Role of 401k Plan Sponsors

3/12/2019

Target date funds are the fastest growing segment on the 401k investment menu. In the more than ten years since they’ve become a default staple in 401k plans, target date funds have certainly changed the retirement prospects for employees. How have these investment vehicles changed the roles, responsibilities, and even the fiduciary liability of the plan sponsor?

Has New Tax Law Twisted Business Owners Best Interests When It Comes to Retirement Savings Plans?

2/26/2019

Small businesses make up the vast bulk of the businesses in America. They may be full-time businesses, or they may be side hustles that bring in a few extra bucks during the moonlight hours. Many of these businesses are family-owned, especially the part-time businesses.

Taxpayers turning to accountants to help navigate new tax law

2/22/2019

Consumers are confused this year about how the Tax Cuts and Jobs Act will affect them and are asking tax professionals for assistance with their taxes, according to a new survey.

Tech Innovation Catch-Up Tops CFO To-Do List in 2019

2/20/2019

Innovations like data analytics and automation aren’t reaching corporate finance as quickly as CFOs and controllers would like, prompting them to make a big tech push in 2019.

Corporate Controllers Step Into the Spotlight as CFO Role Evolves

2/20/2019

The role of the corporate controller, often the finance chief’s second-in-command, is expanding as CFOs delegate more of their traditional finance leadership work—a stressful evolution for some finance veterans who are stretching beyond their historic focus on process and efficiency.

Here’s How Robo-Advisors Performed During Stock Market Turmoil

2/15/2019

Robo-advisors have exploded through the previous few years, with the promise to handle and develop your cash based mostly on algorithms and know-how whereas providing cheaper pricing in comparison with conventional human choices.

3 Cases for Annuities in a Turbulent Market

2/12/2019

While there’s nothing unusual about volatility in stock markets, the big swings up and down we’ve experienced recently can amplify anxiety for those clients who are nearing retirement.

February 2019 Robo-Advisor News – Wealthfront, Bonds + More

2/04/2019

This month brought with it a variety of robo-advisor news. From new offerings for UAE residents to reminders about how successful diverse portfolios can be, February brought a lot of updates to the robo-advisor world.

Best Robo-Advisor Performance 2019 – Plus

1/28/2019

As a multi-decade investor I know the pull of high investment returns. It’s wonderful to imagine that a fund’s 20% one-year returns will continue into the future. Many investors make that assumption and jump in to the funds with top returns.

Tipping the Scales: Could Unit-e Finally Break Blockchain’s Scalability Impasse?

1/24/2019

Amid a seemingly constant stream of new concepts claiming to be key to crypto to breaking through to the financial mainstream, one immovable issue remains ever-present: scalability. The crypto community is abuzz with new projects relating to the issue, from the Bitcoin (BTC) Lightning Network to a brand new cryptocurrency designed by some of the top names in crypto and American academia.

MIT, Stanford and others to build blockchain payments network to rival VisaNet

1/22/2019

Seven major universities are working together to develop a digital currency network that solves blockchain’s scalability and performance problems before public confidence in the technology erodes.

Distributed Technologies Research: Swiss Blockchain and Decentralization Foundation

1/18/2019

Distributed Technologies Research, found online at DTR.org, is a non-profit organization that aims to promote research and decentralize the future.

MIT, Stanford Academics Design Cryptocurrency to Better Bitcoin

1/17/2019

Some of the brightest minds in America are pooling their brain power to create a cryptocurrency that’s designed to do what Bitcoin has proved incapable of: processing thousands of transactions a second.

Best Robo-Advisor Performance 2019 – Plus

1/09/2019

As a multi-decade investor I know the pull of high investment returns. It’s wonderful to imagine that a fund’s 20% one-year returns will continue into the future. Many investors make that assumption and jump in to the funds with top returns.

New study sheds light on how robo-advisors perform during market turmoil

1/09/2019

Robo-advisors have exploded during the past few years, with the promise to manage and grow your money based on algorithms and technology while offering cheaper pricing compared to traditional human options.

Here’s How Robo-Advisors Performed During Stock Market Turmoil

1/09/2019

Robo-advisors have exploded during the past few years, with the promise to manage and grow your money based on algorithms and technology while offering cheaper pricing compared to traditional human options.

New study sheds light on how robo-advisors perform during market turmoil

1/08/2019

Robo-advisors have exploded during the past few years, with the promise to manage and grow your money based on algorithms and technology while offering cheaper pricing compared to traditional human options.

Revenue Recognition, Leasing Rule Changes Boost Audit Fees

12/18/2018

Major changes in accounting rules for revenue recognition and leases have pushed up audit fees for publicly traded companies.

Audit fees for public companies rise at faster pace

12/12/2018

Though overall audit fee increases were modest, average public company audit fees grew at nearly twice the previous rate last year, according to a new report.

New GAAP rules drive audit fee increases, poll says

12/11/2018

New accounting standards along with mergers and acquisitions are driving modest increases in audit fees, according to a new survey from the Financial Education & Research Foundation.

Rate of Growth in Audit Fees Doubled in 2017: FERF

12/11/2018

The median rate of growth in audit fees for public companies doubled for 2017 compared with the prior year, according to research released on Tuesday.

The median reported fee increase among 83 public-company respondents — a majority of them at Fortune 500 companies — was 2.5%, following a median hike of only 1.3% for 2016.

New Accounting Rules Drove Up U.S. Audit Fees in 2017

12/11/2018

U.S. public companies paid a median of 2.5% more in 2017 to auditors for assuring that their financial statements are free from material misstatements, according to an annual survey by the Financial Education & Research Foundation.

Fee-Based Planning: A New Model For A New Era

11/12/2018

Regulatory unrest, digital innovation and growing wealth within new generations are pushing financial advisors to innovate their services and reassess their fees and costs. Tried-and-true models that base compensation on assets under management or commissions from investment products are quickly losing favor with a new kind of investor ― one who values a personalized, multi-dimensional, long-term approach that goes beyond transactions or AUM.

SEC Spotlights Areas of Subjective Judgement in Letters to Early Adopters of Revenue Rules

11/05/2018

The Securities and Exchange Commission is homing in on subjective accounting decisions made by finance teams as the regulator reviews how companies comply with new revenue recognition rules.

Data, Graphics & More: 5 Skills Accountants Need for the Future

10/01/2018

Accountants will need to pick up some new skills as automation, machine learning, and eventually, blockchain, begin to seep into their everyday work, some of the profession’s leading innovators told Bloomberg Tax.

Fuelled by a Fresh Funding of US$ 1.9 Million Swiss-Based Nummo Launches PFM Platform

10/01/2018

Nummo, a personal financial manage­ment platform that provides a singular view of your financial health across multiple banks announced that they closed a funding round of US$ 1.9 million.

Hybridity Key To Betterment’s New Initiatives

9/24/2018

Betterment ranks as one of the high-profile success stories coming out of the robo advisory market revolution, however changes are coming to the company’s robotics-based business model.

Are There Too Many Robo Advisors

8/15/2018

The robo advisor industry is rife with new entrants but the loss of others, begging the question: Are there too many robo advisors?

New Lifetime Withdrawal Rider Offers Creative Withdrawal Option

7/27/2018

A variable annuity policyholder typically collects guaranteed lifetime withdrawal benefits from an insurer when the account value drains to zero, but a new annuity rider allows insurers to start those payments even if there’s money still left in the account.

6 of the Newest Trends in Robo Advisors

7/27/2018

Fintech robo advisors are blanketing the financial landscape – the robo advisory market is expected to reach between $2.2 trillion to $3.7 trillion in assets under management by 2020 and $16 trillion by 2025.

To realize their true potential, CPA firms must take themselves off of autopilot

7/27/2018

What’s holding your accounting firm back? Chances are it’s not your marketing, your business model or your methods holding your CPA firm captive — it’s your mindset. The single greatest factor determining your firm’s success and satisfaction is your mindset.

‘Freedom’ is the key to Sammons’ new variable annuity

7/26/2018

What makes a skeptical advisor sit up and notice a new variable annuity contract? Three factors rank high: ample equity exposure, a guaranteed floor income, and maximum ability to access the money in the contract.

Insurers Need to Give Retirement Savers What They Want: Bill Lowe

7/24/2018

Back in early 2012, Bill Lowe was out promoting a new Sammons Retirement Solutions variable annuity contract designed for the shaky financial world left after the horrors of the 2007-2009 Great Recession.

3 Annuities to Watch: Sammons, Athene, Manulife

7/23/2018

Sammons Retirement Solutions has introduced a variable annuity with a guaranteed lifetime withdrawal benefit rider. The new LiveWell Freedom Variable Annuity contract automatically includes a GLWB with a 2% minimum gain, and a 75% share of S&P 500 Index gains. The annual GLWB charge will amount to 1.45% of the GLWB value.

Penguins and Rock Stars: Luxury Concierge Servces Thrill Clients, Build Loyalty

7/20/2018

If a wealthy client was throwing a black-and-white themed birthday party for his son and wanted 40 penguins delivered for the occasion, would you know whom to contact to make this dream come true—and strengthen your relationship with the client in the process?

Sammons Rolls Out Variable Annuity with Fewer Financial Restrictions

7/20/2018

Digital Transformation Could Add New Jobs – Survey

7/10/2018

More finance chiefs are looking to add workers to aid in the transformation toward a more digital workplace rather than reduce headcount, according to the latest report by staff firm Robert Half International Inc.

Transphorm Pumps Up Production

6/07/2018

In just the last few days, California-based Transphorm has launched its third generation 650V GaN FETs, designed for high voltage power conversion applications. Targeting industrial, data centre, renewable and power supply applications, the latest devices offer a 4V threshold – an industry first for GaN FETs and eliminating the need for a negative gate drive – lower electromagnetic interference and reduced device price.

COSO offers enterprise risk management certificate 

5/24/2018

The Committee of Sponsoring Organizations of the Treadway Commission, also known as COSO, has introduced a COSO Enterprise Risk Management Certificate program for professionals who want to demonstrate their expertise in the COSO ERM Framework.

The most important skill for financial advisors, according to clients

5/17/2018

To attract new clients, financial advisors would do well to have tax expertise and preferably a CPA qualification. That’s according to a new report which shows that 66% of affluent and emerging affluent consumers say they prioritize tax knowledge, while 47% of the survey’s respondents say they most associate the CPA designation with financial advice.

Got Tax Mojo? Survey Shows Affluent Americas Seek Tax Expertise from Financial Advisors

5/16/2018

A new survey of affluent and “emerging affluent” consumers shows that 66 percent view tax knowledge to be the most important factor when choosing a financial advisor. Also, nearly half of respondents (47 percent) associated the CPA designation with financial advice, with 40 percent associating CFA’s with financial advice.

Tax know-how and CPA credential rank high for financial advice

5/15/2018

Tax knowledge is considered to be the most important factor when choosing a financial advisor, according to a new survey, which also found the CPA credential to be the one most associated with financial advice.

FERF report examines blockchain use by financial execs

5/09/2018

The Financial Executives Analysis Basis, the investigation affiliate of Financial Executives Worldwide, has introduced a report in conjunction with Deloitte on how blockchain technological innovation is getting utilized in financial programs.

Got crypto? Here’s how to avoid an audit from the IRS

4/02/2018

Whether you were paid in ethereum or you sold some of your bitcoin in 2017, one key question will determine your responsibility to the IRS: What’s your cost basis?

Practical Guidance for GaN Power Conversion

3/14/2018

More than 10 percent of electricity is lost in power conversion, even as silicon (Si) semiconductors are optimized to their utmost level of efficiency. This loss equates to tens of billions of dollars in wasted energy, along with systems that run hot and require additional cooling mechanisms—meaning more money and physical space spent generating power. Which is why the industry is shifting toward alternative materials, like wide bandgap semiconductors.

FERF finds more evidence of audit cost creep in 2016

1/17/2018

Another new study confirms public company audit costs inched upward in 2016, albeit by a smaller amount than in 2015.  The latest analysis by Financial Executives Research Foundation says public filings show public companies paid a median 2.6 percent more in audit fees in 2016 than they did in 2015, when fees rose by 3.5 percent.

First GaN power consumer application

1/10/2018

The AX1600i 115V PSU apparently achieves 99% efficiency, “increasing power output by 6.5% in an 11% smaller [20mm shorter] package at the same temperature”, said Transphorm, and earns a better-than 80 PLUS Titanium rating.

Libra Just Made it Easier for Exchanges to Remain Tax Compliant

11/30/2017

With Bitcoin having broken the $10,000-mark yesterday and currently sitting just shy of that level as of the start of play on Thursday, many holders will be considering cashing out some of their portfolios and converting it to fiat so as to book profits on their longer-term coins.

Yaskawa invests in GaN specialist Transphorm

11/30/2017

A few weeks ago Yaskawa revealed its Σ-7 F servo motor relies on Transphorm’s high-voltage (HV) GaN. Transphorm intends to allocate the funds to various areas of its GaN product development.

GaN Chip Vendor Snags $15 Million in Funding

11/30/2017

SAN FRANCISCO —High-voltage gallium nitride (GaN) semiconductor vendor Transporm has secured $15 million in funding from Japan’s Yaskawa Electric, bringing the total it has raised so far to more than $230 million.

Libra introduces enterprise accounting product for blockchain companies

11/29/2017

Libra, which provides accounting, audit, and tax software for the blockchain and cryptocurrency industry, has released a new enterprise application called Libra Crypto Office, which automates back- and middle-office processes and reporting for funds, market makers and exchanges.

Blockchain Conference: Bitcoin’s At $10,000? Crypto Is Just Getting Started

11/29/2017

At the CoinDesk’s Consensus: Invest conference in New York on Tuesday, on the same day Bitcoin hit the $10,000 mark, the crypto space seemed both to have matured and to recognize just how far it had to go.

Venture Deals: Libra

11/28/2017

Uber’s moment of truth: Everyone is anxiously awaiting SoftBank’s multi-billion dollar tender offer for Uber shares. But, according to media reports, the offer isn’t so hot. A Softbank-led group is hoping to buy up to 20% of Uber, which has a valuation of ~$69 billion. The proposed price per share is reportedly $32.96, which comes out to a much lower valuation of just about $50 billion. In other words, this is a 30% discount to Uber’s private valuation. The offer is conditional on Softbank buying 14% of Uber’s shares through the tender, so if enough shareholders choose not to tender, it may have to raise its price — or the deal could crumble entirely.

Wrangling Data For Enterprise: Blockchain Company Libra Launches Crypto Office

11/27/2017

Libra, a developer of blockchain tax and auditing software, has launched Crypto Office, a new product aimed at the industry’s biggest players: exchanges, market makers and hedge funds.

Libra blockchain startup raises $7.8 million- Series A

11/27/2017

The firm announced today, the Series A funding in which the Blockchain startup Libra raises $7.8 million.

The economic assets got from the unnamed family office in Europe. By circular contribution the seed-stage VC firm Liberty City Ventures, Lee Linden an early stage investor and XBTO a crypto market maker formerly functioned for Facebook.

Blockchain startup Libra raises $7.8m

11/27/2017

LibraLibra, a pioneer in financial software for the blockchain and cryptocurrency industry, today announced a $7.8 million Series A round led by a prominent, multi-billion dollar European family office.

Crypto Tax Software Startup Libra Raises $7.8 Million

11/27/2017

Blockchain startup Libra has raised $7.8 million in a new Series A funding round, the company announced today.

The financial resources came from a group of investors which included an unnamed family office based in Europe. Also contributing to the round, according to Libra, was seed-stage VC firm Liberty City Ventures, cryptocurrency market maker XBTO and Lee Linden, an early-stage investor who previously worked for Facebook.

SEC comments on leasing expected this year-end

11/21/2017

If regulatory posturing on revenue recognition is any indicator, companies can expect the Securities and Exchange Commission to begin scrutinizing disclosures about the pending new lease accounting requirements at this year end.

Unquenchable Appetite for Innovation—Auditors Journey to Leverage Technology in Audit

11/20/2017

“How many of you still remember back in 1985, when we started our careers in audit?” Deloitte partner Mark Davis asked attendees at the Financial Executive International’s annual Current Financial Reporting Issues (CFRI) conference in New York City. “We were using 12-column yellow paper, eight-column yellow, pens and pencils, drawing straight lines, and checking things off.” A couple of hands in the audience were raised.

Blockchain: An opportunity for accountants? Or a threat?

11/17/2017

The emergence of blockchain technology has led to a concern in the CPA profession that is perfectly understandable.

Technological advances can threaten people’s livelihoods in any number of professions. The development of the internet had a devastating effect on newspaper journalists, and some experts say self-driving vehicles may cause huge job losses among truck drivers.

Automating Finance: Robots, AI and Other Disrupters Headline CFRI 2017

11/17/2017

Automating Finance: Robots, AI and Other Disrupters Headline CFRI 2017

OCA trying to understand blockchain technology applications: SEC Chief Accountant

11/14/2017

The Office of the Chief Accountant (OCA) is focusing on blockchain technology and its applications, a senior official at U.S. Securities and Exchange Commission (SEC), said recently.

Speaking at the Financial Executives International 36th Annual Current Financial Reporting Issues Conference, chief accountant Wesley R. Bricker said that the OCA is exploring the potential impact of distributed ledger technology (DLT) for financial reporting.

J&J, Aetna CEOs Hit Fee-for-Service System

11/14/2017

Running counter to the Trump administration, which is moving to stall changes to the fee-for-service system for paying doctors, the chief executives of two of the world’s largest health-care companies say they favor health-care providers being paid according to medical outcomes rather than on a per-procedure basis.

SEC looks at blockchain technology for accountants and eyes initial coin offerings

11/14/2017

The Securities and Exchange Commission is taking a close look at the trend toward blockchain technology, including the burgeoning investments in bitcoin and initial coin offerings.

EY Stresses Replacing the Job, Not the Person, With Robots

11/13/2017

Every robot, or bot launched can replace between five and seven full time employees, according to Fran Exley, a partner at EY.  At the same time, companies must remember to focus on talent management as they increasingly turn to robotics and automation to make their finance function more efficient.

Anti-Fraud Collaboration issues case study

10/10/2017

The Anti-Fraud Collaboration between the Center for Audit Quality, Financial Executives International, the Institute of Internal Auditors and the National Association of Corporate Directors has released the fourth in a series of case studies highlighting ways to deter financial fraud.

Servo motor first to use high-voltage (HV) GaN

9/20/2017

Transphorm Inc. along with Yaskawa Electric Corporation announced that Yaskawa’s Σ-7 F is the first servo motor to use high-voltage (HV) GaN. Transphorm’s technology enables Yaskawa to deliver better performance in a smaller form factor versus what is possible with incumbent silicon semiconductors. The groundbreaking achievement of this co-developed device is that the Σ-7 F integrates the servo amplifier with the servo motor itself. Further, Yaskawa’s use of Transphorm’s GaN FETs produces an integrated servo motor half the size of a similar design using Silicon (Si) technology.

Driving the Adoption of High Voltage Gallium Nitride Field-Effect Transistors [Expert View]

9/08/2017

High-voltage (HV) gallium nitride (GaN)-650-950 V- field-effect transistors (FETs) are becoming the next standard for power conversion. They provide costcompetitive, easy-to-embed solutions that reduce energy loss by more than 50%, shrink system size by more than 40%, and simplify power converter/inverter design and manufacturing. These benefits are being realized today in various markets, including consumer, industrial, server, servo motors and drives, solar, telecommunications, and electric vehicles. So what is driving this current industry momentum, and what more remains to be done to further quicken this adoption?

Whitepaper Examines Best Practices for Companies Transitioning from Emerging Growth Status

8/30/2017

Financial Executives Research Foundation and Donnelley Financial Solutions, Inc. today released a white paper examining best practices for companies that are maturing out of Emerging Growth Company (EGC) status per the JOBS (Jumpstart Our Business Startups) Act of 2012.

GaN? SiC? Or, do you prefer silicon? (German)

8/24/2017

Inzwischen stehen neben Leistungshalbleitern aus Silizium auch solche aus GaN und SiC zur Verfügung. Das macht es dem Praktiker nicht einfacher, das richtige Bauteil für seine Anwendung auszuwählen. Ziel des Anwenderforums Leistungshalbleiter am 22. und 23.11.2017 ist, da Klarheit zu schaffen.

4 Best Ways to Use Advanced Analytics

8/15/2017

Predictive and prescriptive analytics help companies use the increasing amounts of data to improve their business and financial performance. Predictive analytics use statistical analysis, data modelling, real-time scoring, and machine learning to detect trends for forecasting. Prescriptive analytics rank the trade-offs of different courses of action companies may take to reach certain objectives, for example through scenario modelling.

The New Skillsets CFOs Need to Acquire to Provide Strategic Leadership

7/14/2017

Many CFOs are frustrated by how often their companies face significant new business threats, a study by the Financial Executives Research Foundation suggests. Of the 55 financial executives of Fortune 500 companies interviewed for the study, 24% said they don’t see significant changes and unknown threats to the business until it is too late.

Companies grapple with leasing standard complications

7/6/2017

Organizations are finally starting to prepare for the new lease accounting standard that will be taking effect in 2019, but as they do they’re running into some unexpected complexities. Deloitte partners Jeanne McGovern and Derek Bradfield convened a panel last week at a Financial Executives International conference in Philadelphia to discuss the leasing standard.

Survey: Financial Leaders Understand Risk, But Few Feel Ready

6/30/2017

Despite the importance of aligning risk with their core business strategy, only 25 percent of financial leaders feel they are able to execute a proper response to risk, and almost 60 percent feel they are too late in recognizing the key risks imperiling their businesses.

Skills that help CFOs handle disruption strategically

6/30/2017

Many CFOs are frustrated by how often their companies face significant new business threats, a study by the Financial Executives Research Foundation suggests.

Google Sees Minor Change to Revenue as a Result of New Accounting Standard

6/30/2017

Add Google Inc. to the list of companies that expects little change to their financial results from the FASB’s sweeping new rules for recorgnizing revenue. The internet company, which adopted the standard one year ahead of its 2018 effective date, recorded revenue for 2016 that was $15 million lower than it would have been if calculated under old revenue rules. For a company with $425 billion in revenue, the decrease felt like a “rounding error,” said Josh Paul, director of technical accounting for Google.

Regulator: Make Sure Judgments on Revenue Accounting Match up With Internal Controls

6/29/2017

The FASB’s landmark revenue accounting standard erases U.S. GAAP’s industry-specific guidance for the sales proceeds from construction projects, software deals, and real estate ventures, among others. Without the detailed accounting requirements for individual industries, companies have to use more judgment when they calculate the top line of their income statements. This means businesses must have proper controls in place to ensure the veracity of these judgments, an SEC official said on June 27, 2017, at a Financial Executives International conference in Philadelphia.

As Pace of Standard-Setting Slows, Effort to Aid Implementation of Major Standards Picks up

6/28/2017

After years of watching the FASB develop major new accounting standards, companies now have to start following them. First up is the sweeping revenue recognition standard, which goes into effect in 2018 for public companies. Lease accounting changes hit public company balance sheets in 2019, and new rules for estimating losses on bad loans follow the year after.

Executives Uneasy Over Lease Accounting IT Systems

6/26/2017

U.S. companies—facing challenges on how they will account for some of their leasing contracts under new rules—are starting to worry about whether the computerized systems they’re putting in place will be ready for the complex tasks required.

North American, European cardless ATM cash access providers unite to pursue global goal

6/14/2017

HalCash North America, introduced in the U.S. in 2015 under the brand name Pin4, has announced the acquisition of a majority equity ownership stake in HalCash International.

PIN4 acquires controlling stake in HalCash International

6/14/2017

PIN4HalCash North America (HCNA), referred to in the U.S. as its operating brand Pin4™, announced the acquisition of a majority equity ownership stake in HalCash International (HCI).

PFC totem pole architecture and GaN combine for high power and efficiency

6/14/2017

The Open Compute Project (OCP) was begun by Facebook, in an effort to reduce OPEX and CAPEX of hyperscale data centers, by openly sharing data center solutions and building blocks between interested companies. Google joined the OCP in 2016 and Bel Power Solutions has been providing OCP-compliant power solutions since OCP began.

PE-backed Pin4 aquires HCI

6/13/2017

Pin4, which is backed by Ashby Point Capital, has acquired Madrid-based HalCash International, a developer and owner of mobile phone-based technology that enables cardless cash withdrawals at ATMs. No financial terms were disclosed.

FEI Says Tax Reform May Significantly Affect Financial Reporting

5/31/2017

The Trump administration and GOP lawmakers are calling for a major overhaul to the U.S. tax code. If the final changes are as sweeping as the proposals lawmakers have put forth, the implications for the accounting for income taxes will be significant. The largest U.S. companies want the FASB to closely monitor the legislation as it works its way through Congress to soften the final effect on financial reporting.

U.S. Accounting Rulemakers Urged to Mull GOP Tax Reform Impacts

5/26/2017

A prominent business group said that U.S. accounting rulemakers should start to informally engage with companies about the implications of potential U.S. tax law changes.

Bel Power introduces ac/dc power supply using Transphorm GaN FETs

5/17/2017

The Transphorm 650-V GaN JEDEC-qualified semiconductor is part of the TET3000-12-069RA power supply from Bel Power Solutions. The supply uses the Transphorm GaN-based bridgeless totem-pole PFC topology to achieve greater than 96% efficiency. The power supply is on display during the Power Conversion and Intelligent Motion (PCIM) Europe conference as part of the co-located showcase in the HY-LINE Power Components booth.

Transphorm showcasing GaN FETs at PCIM Europe

5/2/2017

At the 2017 Power Conversion and Intelligent Motion (PCIM) Europe expo in Nuremberg, Germany (16-18 May), Transphorm Inc of Goleta, near Santa Barbara, CA, USA – which designs and manufactures JEDEC-qualified 650V gallium nitride (GaN) field-effect transistors (FETs) for high-voltage power conversion applications…

Transphorm Bringing the GaN Revolution to Nuremberg

5/1/2017

At the 2017 Power Conversion and Intelligent Motion (PCIM) Europe expo, Transphorm Inc. will demonstrate high voltage GaN’s momentum in the market. Various displays will exhibit the advantages of Transphorm’s high voltage GaN FETs when used in power electronics systems including power supplies, servo motors and photovoltaic inverters. Further, the company will showcase its recently announced AEC-Q101 qualified GaN FET—the industry’s first automotive-grade GaN technology.

Three Overlooked Questions That Can Affect a Financial Plan

5/1/2017

It’s always a good time to sit down with clients to review their financial goals and plans. But the new Trump administration gives advisors an extra reason to touch base with clients who may be wondering how this change may impact public policy and the financial markets.

Advisors and Firms Must Now Adapt to Survive

4/27/2017

Everyone is talking about the uncertainty around whether the Department of Labor’s proposed fiduciary rule will be delayed further due to the executive order from President Donald Trump, or if it will be implemented at all. What they are not talking about is how — in response to the fiduciary rule’s planned introduction and preparations for it — the business of financial advice has changed and what advisors need to focus on to grow their businesses.

Umesh Mishra: GaN and power to the people and planet

4/19/2017

The wide bandgap semiconductor Gallium Nitride (GaN) has been out of the lab and into products in some markets for almost a decade. But this is a new and exciting time for GaN as it finds its way into rapidly expanding high-speed, high-power applications like data centers, motor drives, EVs, and more. A significant player in this “GaN Revolution” is global semiconductor company Transphorm, Inc.

Why Financial Advisors Need To Be Coaches

4/6/2017

Financial advice is best delivered in the context of a long-term relationship between a financial advisor and a client. Keeping a client for the duration of that financial journey can be hard work. Advisors who approach each client relationship like a coach, with a focus on helping their clients achieve positive financial outcomes and maintain their financial discipline over the long-term, will be the ones who develop a successful partnership that will stand the test of time.

Transphorm launches first automotive qualified GaN FETs

3/28/2017

Transphorm’s second generation, JEDEC-qualified high voltage gallium nitride (GaN) technology has passed the Automotive Electronics Council’s AEC-Q101 stress tests for automotive-grade discrete semiconductors. These are the first such GaN FETs, says the company.

Transphorm introduces Silicon Valley Center of Excellence

3/23/2017

Transphorm Inc of Goleta, near Santa Barbara, CA, USA, which designs and manufactures what it claims are the industry’s only JEDEC-qualified 650V gallium nitride (GaN) field-effect transistors (FETs) for high-voltage power conversion applications, has formally introduced its Silicon Valley Center of Excellence.

Groups recommend ways to fight financial fraud

3/16/2017

The Anti-Fraud Collaboration, a coalition of the Center for Audit Quality, Financial Executives International, the Institute of Internal Auditors and the National Association of Corporate Directors, has released a new report on how organizations can deter fraud and improve financial reporting.

State Bankruptcies: Why Obamacare Will Never Be Repealed

3/14/2017

The Trump administration, along with Congress, is hard at work on their quest to repeal and replace the 2010 Affordable Care Act (ACA). Last week their proposal passed through two House committees and is moving on to a budget panel before it hits the floor.

5 ways to build quality financial plans amid DOL fiduciary rule uncertainty

2/27/2017

As advisers grapple with an uncertain regulatory environment, increased competition and fee compression, it’s imperative for them to focus on strengthening client relationships. One of the best ways to do this is by creating and implementing a culture of quality financial planning.

Hanson McClain “Money Matters”

2/25/2017

Growth Opportunities Can Appear When Re-examining Financial Advice, Plans

2/16/2017

The business of financial advice is changing. People want more transparency, there is fee compression, robo advisors are entering the business to provide formulaic advice and clients, as well as financial advisors, are nearing retirement age.

Establishing the reliability lifecycle of GaN power devices

2/7/2017

Extensive reliability testing is an essential phase of any new product or technology. Transphorm utilizes standard JEDEC qualification testing prior to commercializing its GaN (gallium nitride) FETs to ensure that the quality of the devices will meet customer expectations for reliability. However, since the JEDEC tests were originally developed for silicon technology, Transphorm’s testing has gone beyond the minimum requirements of JEDEC testing by running tests on a much larger number of devices than the minimum required. In addition, aggressive accelerated life testing was also performed.

6 Ways to Protect Against the Biggest Threat in Retirement

1/1/2017

It’s the job of a financial professional to help clients pay for their health care costs in retirement. But what if you could help them control these costs, too?

Top 15 Risk Factors for M&A

12/19/2016

In an uncertain economic year, its not surprising the M&A market was equally as rocky. In March, mergers and acquisitions declined more than 55% in value from the prior year period only to bounce back in October with four of the year’s top 10 deals and $250 billion in announced transactions. As 2016 comes to a close short of last year’s record-setting levels, what risk factors are acquirers worried about most before closing their next deal?

Think DOL’s Fiduciary Rule Is Too Strict? Blame SEC

12/14/2016

The investor watchdog talks to ThinkAdvisor about why SEC Chair White is a ‘bad SEC chair for investors’ and why the Social Security trust fund isn’t as important as many think

Ultimate Holiday Gift Guide for Clients

12/9/2016

The holiday season provides advisers with a great opportunity to show clients how much their business is appreciated. Gifts can say something special: From books and documentaries to picnic blankets and pecans, we’ve assembled some great ideas from advisers.

Kevin Knull’s 6 Parts of a DOL-Friendly Financial Plan

11/29/2016

Kevin Knull, president of PIEtech, creators of MoneyGuidePro, tells ThinkAdvisor what fiduciary advisors need to know about their clients.

Big Companies: Don’t Wait on New Revenue Rules

11/15/2016

Bloomberg BNA’s Corporate Law & Accountability Report is available on the Corporate Law Resource Center. This news service keeps corporate practitioners informed of legal developments of…

Pin4 Targeting US Unbanked and Underbanked Market

11/14/2016

Pin4 Partnership Rounds Out Viamericas’ Payout Network

10/26/2016

International licensed remittance company Viamericas Corporation and Pin4®—the U.S.’s first independent cardless cash ATM network—today announced completion of their partnership initiative targeting the peer-to-peer (P2P) payments market. The initiative integrates Pin4’s cardless cash withdrawal technology with Viamericas’ recently launched digital money transfer platform, Vianex. This integration expands the Vianex payout network’s value proposition by adding more physical cash withdrawal locations while increasing access to underbanked and unbanked customers.

New book offers advice on how to navigate the post-DOL rule world

10/26/2016

New government rules require that financial advisers put their clients’ interests first when recommending what to do with their retirement savings. But no one has defined what good advice actually means or how to accomplish it — until now.

Book Review: “Exploring Advice” Contains Insights from 39 Industry Thought Leaders

10/21/2016

According to Kevin Knull, CFP®, the President of PIEtech, the developers of MoneyGuidePro financial planning software, the financial industry is undergoing a revolutionary shift driven by five key factors: The Department of Labor’s new regulations, asset management commoditization, fee compression, an increasingly competitive environment, and a more informed consumer. Given these trends, Knull felt there was need for a book to help improve the industry, so he crowdsourced a book that explores the aspects of a good financial plan and quality advice.

Exploring Advice: How to know if you’re delivering good advice and quality plans

10/20/2016

Telcodium introduces first redundant power supplies using GaN FETS: Product of the Month

10/12/2016

It’s finally happening: the first redundant power supplies using GaN FETs. They shrink the footprint by 30% and improve total system efficiency to 94%

Companies Lack Incentive to Cut Back Financial Disclosure

9/28/2016

Regulatory efforts to reduce and improve information in corporate financial filings lack one important ingredient: incentives.

Pin4 Cardless Cash Payouts

6/1/2016

Why Cash-Back Rewards Aren’t Just For Credit Card Companies Anymore

4/19/2016

Loyalty programs are gaining steam as retailers of all sizes look to attract new customers and build relationships over the long term. From the simple coffee shop stamp and earning points toward free travel, to cashing in a rebate check toward a new smartphone and earning cash back, loyalty programs are being credited for everything from strengthening brand awareness to driving sales.

6 Ways to Protect Your Pocketbook From Sky-High Medical Bills

7/20/2016

Dan McGrath, the co-founder of Jester Financial Technologies, a small health care data company in Beverly, Massachusetts, remembers being in the dentist office with his retired mother and realizing he’d made a grave mistake.