GAA Accounting

The Journal of the Global Accounting Alliance

11/06/2015
by GAA Accounting
Comments Off on Turning big data into smart data

Turning big data into smart data

by Jemelyn Yadao

The interpretation of “Big Data” has become a priority for most companies. Jemelyn Yadao finds out how accounting firms are using increasingly more sophisticated analysis to help executives make better-informed predictions and decisions to create value.

Staring at the gadget coiled around his wrist, Lawrence Wong looks past the lifestyle features of his so-called “Internet of Things” device – it counts the calories burned and monitors his sleep – and sees the bigger picture. Continue Reading →

11/06/2015
by GAA Accounting
Comments Off on How will self-driving cars affect the economy?

How will self-driving cars affect the economy?

by Robert G.Parker

Self-driving cars, just around the market corner, will make drivers redundant and roads less dangerous. But how will they affect the economy?

Picture this: you’re driving to work, responding to and sending emails, reviewing the presentation you’ll soon be making and looking out your window every now and again to take in the countryside on the congestion-free commute downtown. Once you arrive, you dispatch your driverless car back home to take the kids to school before sending it off to collect your parents and drive them to their doctors’ appointments. Or, if you’re entrepreneurial, you can put it to work by sending it to a pool of self-driving cars where anyone can call up and pay you a fee to use it before it returns to your office and brings you home. Continue Reading →

11/06/2015
by GAA Accounting
Comments Off on New Companies Act takes effect

New Companies Act takes effect

The Companies Act 2014 came into effect on 1st June 2015. Regarded as the largest piece of legislation Ireland has ever seen, it brings together 33 company law enactments and contains more than 1,400 sections. Continue Reading →

11/06/2015
by GAA Accounting
Comments Off on ‘Seven Lessons Learned from the European Experience’ published by ICAEW

‘Seven Lessons Learned from the European Experience’ published by ICAEW

It is now over ten years since listed companies across the European Union were required to wave farewell to their domestic accounting standards and switch to using IFRS when preparing their consolidated financial statements. A decade later, the adoption of IFRS in the EU remains controversial in some quarters, with some continuing – for a variety of reasons – to question whether the introduction of international standards has been beneficial and sometimes calling for a return to what they see as the ‘good old days’ when most EU jurisdictions had their own domestic accounting standards. Continue Reading →

11/06/2015
by GAA Accounting
Comments Off on An interview with Anton Colella, Chief Executive of the Institute of Chartered Accountants of Scotland

An interview with Anton Colella, Chief Executive of the Institute of Chartered Accountants of Scotland

by George W. Russell

Anton Colella, Chief Executive of the Institute of Chartered Accountants of Scotland, explains the importance of staying globally relevant amid a changing international regulatory landscape to George W. Russell.

As the lead-up to Scotland’s independence referendum last year became increasingly emotional and partisan, Anton Colella saw a valuable role for the country’s leading accounting institute: as a source of useful but apolitical information. Continue Reading →

11/06/2015
by GAA Accounting
Comments Off on How to avoid shareholder activism

How to avoid shareholder activism

Charles Honnywill, head of EY’s divestment advisory services explains how businesses can avoid the knock on the door from shareholder activists.

Much has been reported about shareholder activism and how company boards should be ready to engage with activists who have done their homework and have a strategy involving radical change.

This article was originally published in Economia. You can read the full article here.