Articles on Accounting

Displaying all articles

Longer-term objectives of prison, such as their cost as a deterrent or the cost of failures to rehabilitate, are much harder to put a price on. shutterstock

How do we break down a $3.4b prisons bill? What can it tell us?

Prisons cost data should facilitate comparisons of relative performance, value for money and efficiency. But limitations on the quality of the data mean that, more often than not, they don’t.
The future of company reporting is largely being shaped by the big four accounting firms. Alf Storm/Flickr

Big accounting firms taking the lead on sustainable development

Accountants around the world are currently considering how the organisations they work for can meet the UN’s Sustainable Development Goals. As experts in measurement and data controls, analysis, reporting…
The world’s oldest bank, Banca Monte dei Paschi di in Siena, is now battling to survive, after failing the ECB’s stress tests. EPA/Carlo Ferraro

EBA stress test needs to use tougher metrics when assessing banks’ solvency

The results of the long-awaited European Banking Association (EBA) “stress tests” show that 25 banks were found wanting. Altogether, the banks were about €25 billion short of the capital required to be…
But who will audit the auditors?

Big auditors must be made accountable to the public

What should we do with producers who routinely deliver faulty goods and services? Producers of cars, food, medicines, aeroplanes and even financial products are forced to compensate injured parties, recall…
Headaches ahead. Tired businessman image

New standards could make university finances appear at risk

Winning large research and capital grants could soon bring unwanted headaches for UK universities along with all the acclaim. From the next academic year, their accountants will be expected to adopt new…
Three’s a crowd. wwarby

Explainer: what is the triple bottom line?

The triple bottom line is a term coined in the late 1990s by the influential business thinker and consultant, John Elkington. It captures a very neat idea, namely that a modern organisation has three broad…
Opportunities in Asia and an increased focus on management consulting could see the Big Four bounce back from revenue slump. yago1 via Flickr

Despite revenue hiccups, the future remains bright for the Big Four accounting firms

The revenue of Australia’s Big Four accounting firms has come under pressure as demand for traditional services such as auditing weakens. But a move into strategic consulting and the potential for more…
When it comes to accounting for the carbon tax, accountants need to embrace a transdisciplinary approach. Image from

Thinking outside the square: accountants have a role to play in a sustainable future

Can business and accountants guide us on the path to sustainability? Will business and accounting leaders of the future have the necessary skills to solve complex sustainability problems? How can new pathways…

Top contributors