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John Trampe: The business value of internal controls in banking


In recent news, there have been stories about large banks committing fraudulent activities. Credit cards were issued without the customer’s consent. Accounts were set up that customers would learn about only after they were charged fees. Fake email accounts were set up to sign up customers for online banking. ...


Casey Hall: Leveraging IT for the Middle Market (Video)


Texas Business Radio (TBR) is a great resource for entrepreneurs around the state to learn from other business leaders. I was invited to be a guest on the show to talk about IT. The segment aired the weekend of October 8th in Houston, San Antonio, and Austin. In the below video, TBR host Matt Register and I discuss: ...


Casey Hall: SIM Houston Gartner Update - Welcoming Our Digital Overlords?


I attended the SIM Houston monthly meeting on September 20th. The speaker, Mark Bartram of Gartner, provided an update on strategic trends with the subtitle: “The Future is a Digital Thing.” ...


Casey Hall: Houston IT Symposium highlights Houston economy and importance of people


The fourth annual EFM Houston IT Symposium provided some great information to help all business leaders, not just IT leaders. As in prior years, the Houston SIM chapter participated in planning the event and an exciting agenda was assembled. ...


Jens Mielke: Balance Sheets + $2 Trillion = New Lease Standard


In February, the Financial Accounting Standards Board issued Accounting Standards Update 2016-02 – Leases (Topic 842). This Update replaces 40 years of lease accounting rules with principles-based guidance. While ASU 2016-02 started its life over 10 years ago as a converged project between the FASB and the International Accounting Standards Board, there is a key difference between the two…more on that later. But they do share one main feature: almost all leases will now be accounted for on the balance sheet. By some estimates, this will mean an additional $2 trillion on U.S. balance sheets. ...


Casey Hall: GAMMA Shares Lessons Learned for Selling a Business


Owners of successful small to mid-size businesses will be faced at some point with deciding whether to sell their company. Many will not have experience at navigating the process. The Greater Austin Mid-Market Alliance (GAMMA) focused its May quarterly meeting on providing practical advice to business owners on what is involved in successfully selling their company. Aventine Hill was honored again to sponsor the event. Beth Hair, John Romero, and I attended.  ...


Jens Mielke: Revenue Recognition Lessons Learned (So Far)


In my first blog on the topic of the new Revenue Recognition guidance, I shared an overview of what ASU 2014-09 covers and some thoughts around how it will impact companies. Since then, Aventine Hill's Technical Accounting team has been engaged by clients to assist with their initial assessment and adoption process. While still early, some “lessons learned” can be shared to help others who are about to begin the process. As the old advertising saying goes, “your results may vary.” So too may your experiences with Revenue Recognition. Every company is different and even companies in the same industry may have different outcomes. ...


Casey Hall: Healthcare Symposium focused on "How Do You Know Your Data is Safe?"


Aventine Hill recently co-sponsored the second annual Healthcare Symposium in San Antonio on February 26. The focus was on cyber-security and the half-day agenda featured three topics. ...


Casey Hall: GAMMA Event Highlights Wave of Business Transfers as Boomers Retire


John Romero and I attended the February 8th Greater Austin Mid-Market Alliance (GAMMA) event which Aventine Hill sponsors. John Dini was the speaker and the topic was "Beating the Boomer Bust". He presented demographic and economic data that showed how the baby boom generation drove and continues to drive economic trends as they age. ...


Jens Mielke: New Revenue Recognition Rules Coming to a Board Meeting Near You


May 28, 2014 was a milestone day in accounting history. The Financial Accounting Standards Board and the International Accounting Standards Board issued the first converged accounting standard – Accounting Standard Update 2014-09 – Revenue from Contracts with Customers (Topic 606). ASU 2014-09 replaces hundreds of pages of existing revenue accounting guidance, much of which represents layers of detailed ad hoc industry-specific rules, with one principles-based standard. Since revenue usually (hopefully!) is the largest number on a company’s income statement, this new standard is slowing getting the respect it deserves. The impacts will reach beyond the accounting department. Ultimately, investors will see changes in quarterly revenue and employees will see changes in pay that is tied to company performance.  ...


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