PACE Moments

This podcast addresses the role of resource and activity information in improving organizational profitability. Analyzing and managing resources and activities, particularly from a traditional financial point of view, can be fraught with potential missteps.  This podcast provides a simple, causal solution to analyzing and improving profitability across your organization. To learn more, visit the PACE website and follow our LinkedIn page and Twitter page.

In order to exploit the digital transformation of business, finance professionals need to be able to effectively communicate the “story” in the data. Listen to this podcast to learn about the various types of visualizations and best practices.  To learn more, visit the PACE website and follow our LinkedIn page and Twitter page.

When considering depreciation there are two perspectives to consider, financial and tax accounting (which is backward-looking) and managerial accounting (which is forward-looking). In this podcast, Doug Hicks discusses why depreciation measured by financial or tax accounting has no place in managerial costing and what can be used to be more realistic. To learn more, visit the PACE website and follow our LinkedIn page.

Advocates of modeling and decision support often tout financial accounting and reporting data as the "one version of the truth". In this podcast, Larry White discusses why this is not the case for decision support and how causality should be considered when "assigning" cost. To learn more, visit the PACE website and follow our LinkedIn page.

There are many principles, concepts and laws that apply to product and service pricing.  In this podcast we discuss three laws that companies often violate or ignore.  To learn more, visit the PACE website and follow our LinkedIn page.

Management accounting practices at most organizations are stuck in the 1960s.  In this podcast, we discuss nine factors that have recently caused the interest in the adoption of better management accounting techniques to accelerate.  To learn more, visit the PACE website and follow our LinkedIn page.

The accounting profession is facing challenges as disruptive technologies change its practices at an ever-increasing rate. Machine Learning and RPA (Robotic Process Automation) are eliminating the need for many entry-level accounting positions and some higher-level positions as well. In this episode, we examine the future role of the finance function and how accountants can remain relevant and become strategic business partners. To learn more, visit the PACE website and follow our LinkedIn page

To many people, management accounting is almost synonymous with cost accounting, yet management accounting can and should be, so much more. The role of management accountants is changing due to three main factors, changing expectations around the role management accountants should play, the rapid evolution of technology and data analytics, and the pressures placed on companies by the pandemic. In this podcast, we focus on how accounting education programs must better prepare their students to be ready for the needs of the profession. To learn more, visit the PACE website and follow our LinkedIn page