GAA Accounting

The Journal of the Global Accounting Alliance

16/04/2015
by GAA Accounting
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An Interview with Reed Hastings, Co-Founder and CEO of Netflix

By Leon Gettler

The story of Netflix is one of digital disruption on a massive scale. As the internet TV giant strides into Australia and New Zealand, Acuity magazine speaks to the mastermind behind it.

Netflix CEO Reed Hastings, who built a video steamroller that now has 57.49 million members in 50 countries, wants to leave a legacy. His aim is for Netflix to make the world a more joined up place. Continue Reading →

16/04/2015
by GAA Accounting
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Learn Better Professional Judgement to Succeed

By Karen Wensley

Students need to develop their professional judgement muscles early to stay out of trouble.

Whatever opinion you hold on the actions of the Dalhousie University dental students who posted misogynistic comments on Facebook late last year, we can thank them for one thing. They have provided a great case study for those involved in the education of young professionals. As I write, the story has quieted down, but several lessons are clear. Continue Reading →

16/04/2015
by GAA Accounting
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Five Best Practices when Adopting a New Technology

By Taryn Abate

How to manage vendors effectively when introducing a new technology to a firm.

Here’s a true, all-too-common story of technology implementation gone wrong. A CPA firm on the East Coast obtained three quotes to update its mission critical server containing all its client data. When the bids came in with little difference in price, the firm decided to use a new IT vendor with a limited track record that had just signed on as a client. It was a way to combine business development while addressing an internal need. Continue Reading →

16/04/2015
by GAA Accounting
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Luca Pacioli was not the first!

Luca Pacioli’s claim to fame as the father of double-entry bookkeeping is under threat according to research conducted by Professor Alan Sangster and supported by the Chartered Accountants Ireland Educational Trust.

In an article published Accountancy Ireland magazine, Sangster describes the discovery of 15th century manuscript that includes a dictated bookkeeping manuscript written by a Croatian, Marino de Raphaeli. The treatise, which covers topics relevant to 15th century Venetian business, was used by de Raphaeli to teach a member of one of the twelve famous merchant families of Venice.

Students of accounting history, particularly those with an interest in the earliest origins of bookkeeping, will find Sangster’s Accountancy Ireland article a fascinating read while contemporary students of double-entry bookkeeping may marvel at how little has changed in more than 500 years.

14/04/2015
by GAA Accounting
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Business Beware of Emerging Pyramid Schemes

By David Malamed

Businesses around the world are falling prey to illegal pyramid schemes.

In December 2012, billionaire investor Bill Ackman began a campaign to prove that Herbalife International, a successful US-based multilevel marketing company, operates a pyramid scheme. Continue Reading →

14/04/2015
by GAA Accounting
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Ask an Expert: how to show clients you care about their business

By Jon Gordon

Caring about customers is one of the best ways to differentiate your business and gain long-term consumer loyalty. But how can employers operationalize such a “soft” skill? Your best strategy is to teach your employees what caring about customers looks like in action and suggest specific tactics they can use. Here are some ways to show customers they’re important. Continue Reading →