Ilitch School father-daughter team to be published in accounting journal
Mike Ilitch School of Business Professor of Accounting B. Anthony Billings and recent Ilitch School M.S.A. graduate Brooke Billings co-authored an article accepted for publication in The CPA Journal.
The CPA Journal is “internationally recognized as an outstanding, technical-refereed publication for accounting practitioners, educators and other financial professionals all over the globe.”
The article, "Opportunities and Challenges of Real-Time Financial Reporting," discusses the implementation of real-time reporting of adopting state and municipal governmental units.
The manuscript was coauthored by Brooke Billings.
This article reviews the implementation of real-time reporting of adopting state and municipal governmental units as a model for identifying the opportunities and challenges for implementing real-time reporting. While the implementation of real-time reporting presents several challenges, it offers a lot of opportunities that may make it feasible for most municipal governments. The challenges include the complex and cumbersome process of integration of the entity’s different data warehouses along with the cost of implementation. Notwithstanding, real-time reporting provides benefits such as flexibility in the customization of data to facilitate business decision making on a real-time basis, fraud prevention, and audit efficiency.