CIOs and
line of business leaders need to come together at the intersection of development and operations to work successfully together and lead digital transformation within their organisations.
(4.) If a
line of business is ineligible in a determination year, it remains ineligible until a subsequent determination year (so, if a
line of business is ineligible in 2012, it must wait until 2017 to redetermine eligibility).
This approach allows real-time metric analysis of the system's ROI specific to a major business unit or
line of business. Such analysis allows the strategic team to place value on the project and appropriate funds for additional conversions.
Often, says CPA and tax attorney Mike Farra at Miami-based CPA firm Morrison, Brown, Argiz & Co., it will be the launch of a new venture that has different risk characteristics than the company's existing
line of business or the opening of operations in a new state or foreign country.
We interviewed personnel of the participants to determine how to segregate the revenues and expenses by
line of business. The site visits culminated in a reconciliation of the financial information, an in-depth review of the data-gathering process and discussion about the participant results.
Presentation on the old basis is not mandatory, however, if the information omitted is no longer available to the company or, in the case of a peer index, an excluded entity no longer is in the same industry or
line of business.
The IRS released final regulations concerning separate lines of businesses, making it easier to qualify for separate
line of business treatment.
IRC Section 846(a) required that discounted unpaid losses be computed separately for each accident year of each "
line of business," which was defined as a category for reporting loss payment patterns on the National Association of Insurance Commissioners' blank for property/casualty companies.
Also, the company said that its
line of business leaders will continue to exercise wider charge for the success of their respective lines of business and report directly to Rand and through him to chairman and chief executive officer Stan Starnes.