By Rosemary Buchanan, BBA, CPA, CA, Customer Solutions Consultant for USTI
On May 1st, 2017 the Public Sector Accounting Board (PSAB), a division of Financial Reporting & Assurance Standards Canada , released its Exposure Draft on Revenue . Comments were accepted on the draft document prior to August 15 th and the board will be reviewing those comments between September, 2017 and June, 2018 when the Exposure Draft is expected to become effective as part of the CPA Handbook. The Exposure Draft was written to address a recognized lack of guidance with respect to revenue recognition in the public sector. This deficiency has resulted in inconsistent revenue recognition between various public sector bodies, which has reduced the value of comparisons between like organizations. It was clear that a prescribed solution was needed.
Headlines that claim “ data is the future” are wrong. Data is the present, and every company should have a strategy in place today to collect, store and analyze the data flowing through their organizations. The answers to your most important questions can be found in the numbers, and your business is talking to you through them all the time.
By Marianne Chikos, Vice President Customer Solutions
The vision at Aptean is to enable our customers’ long-term economic success by delivering relevant and trusted technology solutions. A key component of our mission is providing not just software, but rather a solution for the customer’s success. The software is an enabler for change, but real improvement comes from behavioral and organizational change, not simply switching a piece of technology. Part of our Factory MES solution is performance coaching to help drive change at these higher levels and ensure the greatest impact on the company’s performance.