This Week in Comments: April 3, 2015

Readers sound off on revenue recognition's delay, the CFO's role in cyber security, and why a territorial tax system may or may not be a magic bullet.
Alexander JohnsonApril 3, 2015
This Week in Comments: April 3,  2015

We revisit a handful of comments posted recently on Check the articles and join your peers in the discussion.

FASB Votes to Defer Revenue Recognition Rule

The board votes to delay implementation for one year, after previously debating a two-year deferral.

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Interesting read! I’ve also read that the Board received some feedback that certain entities don’t think a deferral is necessary, so public and private companies have the option to adopt the new revenue recognition standard early, using the originally effective dates (Source: BDO FASB Flash Report).

Territorial Imperative

The campaign to stop taxing foreign earnings is in full swing.

Consider a 4% VAT and 8% C corporation rate with no payroll taxes. Tax expenditures are not needed with low rates.

The CFO’s Role in Cyber Security

Many finance chiefs are being called upon to help promote cyber security and identify threats.

You carry on talking about it; we’ll carry on developing around the problem. Oh! I forget, we already have… 🙂

A New Role for CFOs: Chief Technologist

Increasing processing power, software advancements, and the Internet of Things will transform the jobs of finance chiefs to include the technologist role.


This is an interesting topic and a trend we see in several areas. With services moving to be cloud based and supported on the web, it becomes easier to implement services that are more specific to the enterprise business processes. This is true also in communications. As I wrote earlier this week ( WebRTC brings the power to define communications services to the business people rather than IT.


What CFOs Can Learn from a Star Equity Investor

Scott Fearon, author of “Dead Companies Walking,” offers a plethora of wisdom for finance executives.

Good thing he only manages 100mn because he seems to judge too quickly based on experience. Things change, as he mentioned, and would be outside his experience. He would miss a lot.