Content about Management accounting

November 26, 2012

By Randy Frischer and Patricia Brandstetter

June 20, 2011

The growth of gift cards has been nothing less than phenomenal. But while gift cards have come to provide a critical source of earnings, they also face an intensifying regulatory environment, including tax and financial reporting for gift cards, that has become increasingly complex.


April 29, 2011

By Giles Sutton and Mark Wuller, Grant Thornton

By Giles Sutton and Mark Wuller, Giles.Sutton@us.gt.com, mark.wuller@us.gt.com

March 24, 2011

By Giles Sutton, J.D., LL.M, Grant Thornton LLP

By Giles Sutton, J.D., LL.M, giles.sutton@us.gt.com

Gift-card sales have surged in recent years. With electronic or virtual gift cards and mobile applications that allow consumers to purchase and redeem gift cards from their mobile/smartphones, sales only continue to grow. While consumers flock to them for their flexibility, businesses have embraced them as a means to increase sales. Not only are buyers spurred into making new purchases, but they often spend more than the gift-card amount.