THE MAGAZINE FOR FINANCIAL DIRECTORS AND TREASURERS
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TAX & ACCOUNTING/ BUDGETING

TAX & ACCOUNTING
GLOBAL NORMING
International cooperation in taxation
(May 2007)

HOW BIG A BITE?
Just how the changes to China’s tax code will affect business remains unclear. Plus: Our annual regional tax table. (May 2007)

TRUE CONFESSIONS
Korean accounting comes clean.
(April 2007)

TRANSFER STUDENTS
Always a tricky subject, transfer pricing is getting serious attention from CFOs – and the taxman. (April 2007)

WHEN ACCOUNTANTS GO TO WAR
Battle of the accountants
(Dec 2006/ Jan 2007)

WILL FAIR VALUE FLY?
Fair value reporting could change the basis of corporate finance. (October 2006)

DELAYED REACTIONS
Sarbanes-Oxley strikes again
(June 2006)

LOST IN THE MAZE
The complicated windings of hedge accounting are causing a wave of restatements in the US. (June 2006)

HOLDING THE LINE
Asian governments tinker with tax regulations, but reforms continue to move at a glacial pace. (May 2006)

A TOUGH ACT TO FOLLOW
CFOs give their opinions on Sarbox, and what they would do to fix it. (Apr 2006)

DEEMED IF YOU DON’T
Pushing the IRS envelope (Apr 2006)

UNDERSTANDING CHINA
IFRS comes to China (Mar 2006)

BUDGETING IN THE REAL WORLD
Has the corporate world managed to tame the budgeting beast? We find out, in a new B&P survey. (Sep 2005)

CHINA'S TAXMAN COMETH
Foreign firms in the PRC brace for higher rates and stricter audits. (May 2005)

LOOKING FOR GAPS
A new generation of software programs is making it easier to assess internal controls. (Apr 2005)

AIR TRAFFIC CONTROL
After uncovering a major fraud in operations, Singapore Airlines introduced an innovative system of internal controls. (Dec 2004/ Jan 2005)

COVER STORY: A FAREWELL TO HISTORY
Accounting standards are increasingly requiring companies to measure their assets and liabilities at fair value rather than historical cost. The implications for CFOs will be great. (Sep 2004)

REGIONAL TAX: LEVIES ON TIGERS
Regional growth and expansion is making the taxman a little hungrier. (Jul/Aug 2004)


POINT OF VIEW: LEARNING TO LOVE SARBOX
The hidden benefit of the stringent US law is that, as a finance chief, it helps you uncover the drivers of your business. (May 2004)

WORKING CAPITAL: SCRUBBING THE NUMBERS
Fourth-quarter clean-ups have a knock-on effect. (Apr 2004)

FEATURE: NEW WORLD ORDER
IASB chairman Sir David Tweedie talks about developing a single set of accounting standards for the European Union by March, and its convergence with US rules. (Mar 2004)

FEATURE: THEY MIGHT BE GIANTS
It's been nearly two years since Arthur Andersen went under and the United States introduced new regulations that would have repercussions on the auditing profession across the globe. How have the Big Four audit firms changed since then? (Feb 2004)

FEATURE: STANDARDS BEARER
Paul Volcker, a heavyweight in financial and accounting reform, weighs in on what's coming Asia's way as the US market puts its house in order. In this exclusive CFO Asia interview, Volcker, famous for his acerbic remarks, talks openly about global accounting changes and the US SEC. (Feb 2003)

FEATURE: LIP SERVICE
Backsliding on corporate governance issues is a long-established habit in many Asian countries. Results of a survey by the Association of Certified Chartered Accountants have given little hope for progress, except in China where CFOs have made the strongest connection between finance and best practice. (Dec 2002)

COVER STORY: ACCOUNTABLE
The ideal of a global GAAP - a series of principlese agreed upon by the US Financial Accounting Standards Board and the International Accounting Standards Board - will be a gradual evolution. but the one-size-fits-all approach is in question, especially in Asia where economic differences shape the rules. (Nov 2002)

ON THE SAME PAGE
The convergence of international accounting standards and US generally accepted accounting principles continues apace, but is complicated by cultural and political issues. But the need for global standards, as well as for innovations, will continue to drive the rewriting of accounting standards. (Jun 2002)

THE NAKED TRUTH
With Singapore requiring quarterly reporting in 2003, and the Stock Exchange of Hong Kong considering a similar move, CFOs are less than happy. But the right tools, with a little discipline, can ease this necessary, painful task. (May 2002)

READY TO POUNCE
With its high-octane growth slowing on one side and foreign investment pouring in on the other, China is hungrily looking at tax. The result is that it will launch its biggest tax reform initiative and most aggressive tax collection drive in decades. (Apr 2002)

FOR GOOD REASON
Downturn or not, CFOs should heed a new regime of corporate reporting - the triple bottom line of social, environmental and financial accounting. (Sep 2001)

LIFE IN A FISHBOWL
Audit committees in the US have been under intense scrutiny - and seem to be the better for it. (Sep 2001)

DIRTY MONEY
The Asia Pacific region is a magnet for money laundering. Difficult to trace and prosecute, investigators find it difficult to tell just how much money laundering goes on in Asia's financial centers. Many multinationals are realizing the damaging effects of money laundering and are tightening up practices that let corruption flourish. (Jul 2001)

TIGHT & TIGHTER
Although tax rates haven't moved much, many Asian finance ministries are tightening up on collection. For CFOs without the option of relocating to the Caymans, the best way to cope with Asia's zealous tax authorities is simply a matter a planning. And good tax planning, in fact, should do far more than simply keep the tax bill low. (Apr 2001)

THE GREAT DEBATE
Paul Volcker, former chairman of the US Federal Reserve Board and chairman of the IASC's restructuring committee, referees the fight over global accounting standards. (Dec/ Jan 2001)

THE BIG SQUEEZE
CFO Asia and Deloitte Touche Tohmatsu's annual country-by-country survey of the region's taxes. CFOs be warned: Asian governments are looking for ways to make up for revenues lost in the economic downturn - and corporate profits make easy targets. (Apr 2000)

THE NUMBERS GAME
With the year 2000 fast approaching, CFOs at Asian companies are scrambling to buy new accounting software. Here's what's out there. (Mar 1999)
AUDITING
THE GREAT EXPERIMENT
The biggest challenge for China’s move toward IFRS will be fair-value accounting. (May 2006)

PROTECTIONIST MEASURES
Preventing the fall of another accountancy
(Apr 2006)

THEY CAN GET IT FOR YOU WHOLESALE
How third-party negotiators can help companies buy software at the best prices. (Mar 2006)

FEELING THE PAIN
Are the benefits from Sarbanes-Oxley worth the cost? (Jun 2005)

AUDITING CHINA'S AUDITORS
A CFO China survey reveals doubts about integrity. (Feb 2005)

THE INSIDERS
Following the corporate scandals in America, the role of internal auditors has grown significantly. (Oct 2002)

FEATURE: WHEN TIES UNBIND
Following the fall of Andersen, the auditing industry is in turmoil. But the demand for auditors has only increased. In response to the Sarbanes-Oxley Act and heavy scrutiny from the US SEC, several of the auditing profession's chief executives are trying to influence the path of reform. (Oct 2002)

BEYOND ENRON - WHAT COMES NEXT
While the collapse of Enron has so far had little impact on Asia, US congressional rulings that come as a result will. Already, a shift in investor sentiment is making Asian companies think twice about how they handle off-balance-sheet liabilities. But the question is: should the market decide, or should the US government make regulatory changes that will have an impact around the world? A group of regulators and industry standard-setters come together to discuss what's necessary to prevent future Enrons. (Apr 2002)

WEIRD SCIENCE
In Indonesia, many corporate audits remain woefully inaccurate. (Apr 1999)

STRANGER IN THE HOUSE
Finance managers are discovering that outsourcing internal audit can bring  real rewards. (Mar 1999)

WATCHING THE WATCHERS
Thailand starts to get tough with auditors. (Nov 1998)
BUDGETING
COPING WITH THE COST OF TRAVEL
Everywhere in Asia, hotel and other travel expenses are going through the roof. Here are strategies for making them more manageable. (June 2007)

WANTED: MORE SAVERS
The globe’s aging population could place more drag on the economy than originally thought. (May 2007)

BUYING INTO THE BUDGET
General managers should have more say over budgeting. After all, the numbers are theirs to meet. (Feb 2007)

PLANNING FOR THE BEST
Which delivers better results: A focus on budgeting or cost control? (Feb 2007)

SMARTER INSURANCE SHOPPING
More companies are changing carriers as insurance premiums go down. (Sep 2005)

THE FIVE-YEAR ITCH
If five-year plans become meaningless only two years into the cycle, why should CFOs bother crafting such a lengthy document? (Mar 2003)

A LITTLE CLARITY PLEASE
The traditional approach to budgeting takes too long, creates barriers to fleet-footed decision-making and fails to help companies deal with change in an increasingly uncertain world. Small wonder Asia's CFOs seek a better way. (Sep 2002)

BUDGETING SOFTWARE: AN ACQUIRED TASTE
The latest generation of web-based budgeting and planning software can help companies radically speed up the planning process, even as they allow many more people to participate. They combine budgeting, forecasting, analytics, business intelligence and collaboration, and can import data points with ease, whether from within an organization or without. About the only thing the latest budgeting software can't do is make people use it. (May 2002)

RE-INVENTING THE BUDGET
For many CFOs, budgeting is an annual exercise in torture. In Europe, a handful of companies are trying to take the pain out of the process. (Jul/Aug 1999)

THE GUESSING GAME
To improve the accuracy of sales forecasts, some CFOs are tracking some rather unusual indicators. (Jun 1999)

THE BUDGET TRAVELER
Cutting the corporate T&E budget is an obvious target for cost-conscious finance managers. But forcing senior executives to fly in the back of the plane could make a CFO mighty unpopular. (Apr 1999)