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Why Spreadsheets and Depreciation Don't Mix - What You Should Know About Appropriate Spreadsheet Usage

Sponsored By Bloomberg BNA

Topics:
Accounting
Budgeting & Planning
Professional Services

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Abstract:
Learn about the hidden pitfalls that may be costing your company money and how you can minimize risk and maximize productivity when tracking and calculating fixed asset depreciation. Anyone who calculates tax depreciation and manages fixed assets using spreadsheets knows that it can be time-consuming making the time to period close unnecessarily long. That's not including the time and effort it takes to track, analyze, and adjust depreciation calculations based on regulatory changes. Over the last 25 years, the spreadsheet has become the de facto tool within organizations of all sizes and shapes. Nowhere is usage more widespread than in the finance, tax, and accounting departments. Seen as easy to use, low cost, and more productive than manual efforts, spreadsheet software is the reporting and analysis tool of choice for many professionals. Unfortunately, with today's complex tax, accounting, and compliance issues, spreadsheets are becoming more of a liability than an asset.
DETAILS
Sponsored by:
Released: December 27, 2012
Length: 7 pages
Format: PDF (369 kb)
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