Financial Reporting

Stocks bomb lower as jumpy investors brace for possible war in Ukraine

Fri, 18 Feb 2022 14:54:29 -0500

Investors on Monday woke to a kind of Valentine’s Day massacre. Stocks in Tokyo and Mumbai fell by more than 2%, creating a globe-spanning tsunami of selling as Russian troops amass on the border with Ukraine. Closer to the military hotspot...

Where a Firm's Value Truly Lies

Fri, 18 Feb 2022 14:47:02 -0500

The value of a firm used to be easily calculated on a balance sheet. Assets and losses were physical entities and were tallied accordingly. But over the past 40 years...

How to Make Venture Capital Accessible for Black Founders: An Entrepreneur’s Dilemma

Fri, 18 Feb 2022 14:43:55 -0500

In May of 2021, Kevin D. Johnson had just graduated from a rigorous Executive MBA program, and he needed to decide on his next career move. Johnson was the founder and CEO of a successful media company, but his career goals had shifted during business school. He wanted to...

We Need Universal ESG Accounting Standards

Fri, 18 Feb 2022 14:32:30 -0500

Nearly every company today understands that sustainability must be made core to its strategy and capital allocation process but are often confused by how best to report on ESG progress in a way that will be credible to shareholders and other stakeholders. What is needed is...

Q&A: Broadridge's Kevin Moran on the role of digital labor in financial services

Fri, 18 Feb 2022 13:57:50 -0500

Financial firms are increasingly turning to digital labor to keep up with surging workloads and adapt to workplace changes brought by the coronavirus pandemic. Kevin Moran, global head of business process outsourcing at Broadridge, discusses the role digital labor is playing in...

Bezos Pockets $20 Billion While Zuckerberg Loses $29 Billion

Fri, 18 Feb 2022 13:47:39 -0500

Mark Zuckerberg saw $29 billion fall from his overall net worth on Thursday as Meta’s stock experienced a record one-day plunge. Meanwhile, Amazon founder Jeff Bezos pocked an additional $20 billion following the e-commerce giant’s blockbuster earnings. Meta’s stock plunged 26%, erasing over...

Leading Through Inflation: Ram Charan's 5 Priorities for Companies

Fri, 18 Feb 2022 11:45:38 -0500

“The most important thing is continued cash flow generation, forecast on a very conservative basis,” says Ram. “With that, make your cash outflow forecast on most likely risks.” Out of the net cash flow, he says, the company should prioritize efforts in the following way...

Here's How To Be Prepared For Life's Uncertainties With These 5 Insurance Types

Fri, 04 Feb 2022 10:37:07 -0500

This is why insurance is important. It will assist you in avoiding several challenges you may have to face in the future. No, insurance is not only about life. In fact, there are a variety of insurances that you could choose depending on your specific requirements. Here are some insurance types you should consider...

How to Choose the Right Forecasting Technique

Fri, 04 Feb 2022 10:34:20 -0500

In virtually every decision they make, executives today consider some kind of forecast. Sound predictions of demands and trends are no longer luxury items, but a necessity, if managers are to cope with seasonality, sudden changes in demand levels, price-cutting maneuvers of the competition, strikes, and large swings of the economy. Forecasting can help...

Stocks Just Had Their Worst Month Since March 2020: January's Wild Ride In 8 Numbers

Fri, 04 Feb 2022 10:32:18 -0500

Stocks are off to an ugly start for this year. The S&P 500 is expected to see its worst month since March 2020. The drop comes ahead of the Federal Reserve’s interest rate hikes that are expected this year. Tech stocks have been especially hard hit by rising bond yields as investors rotate out of risky growth stocks and into safer assets. Beyond the market turmoil, however...

How COP26 might change climate finance

Fri, 04 Feb 2022 10:28:01 -0500

Finance is gonna play a key role in how the world tackles climate change — so much so that an entire day at the United Nations COP26 will focus on nothing but Finance. We thought our first show should feature someone who knows the ins and outs of Finance and the ins and outs of the UN’s climate and sustainability agenda. Simon Puleston Jones has spent...

Prevent Customers from Going Delinquent

Fri, 04 Feb 2022 10:25:52 -0500

f cash is the lifeblood of a business, the revenue cycle is the circulatory system. The process of extending credit to customers, billing them for goods or services, and applying remittances to open receivables all pump blood through the body of a business. Delinquent customers and bad debt keep blood from circulating. They cause...

Elements of a successful bank M&A strategy

Fri, 04 Feb 2022 10:12:39 -0500

Banks are merging and acquiring each other at the fastest pace since the global financial crisis began and signs point to that uptick continuing into 2022. What’s driving these deals? For most banks, it’s the purchasing power inherent in rising...

4 Financial Mistakes to Avoid this Winter

Fri, 21 Jan 2022 10:33:44 -0500

In the fractional CFO profession, we see business managers forget critical year-end tasks as they mentally check out and to go on vacation. Here are the top 4 financial mistakes to avoid this winter...

How to Get Companies to Make Investments That Benefit Everyone

Fri, 21 Jan 2022 10:29:50 -0500

Regulators often punish companies for bad behavior—for instance, by fining them if they pollute the environment. But instead of focusing on what business leaders are doing wrong and constantly slapping their hands, government officials should shift to rewarding firms that make positive contributions to society, says...

Elon Musk's Most Influential Tweets Of 2021

Fri, 21 Jan 2022 10:26:28 -0500

Love him or loathe him, there is no denying that Elon Musk is one of the world’s most influential people. 2021 saw the Tesla CEO crowned Time magazine’s “Person of the Year’‘ as his electric vehicle company became the most valuable in the world, his space company successfully carried an all-civilian crew to the edge of space, and he overtook...

What Could Halt Cryptocurrency Momentum?

Fri, 21 Jan 2022 10:23:22 -0500

Millions of investors, speculators, and crypto hobbyists have bought and sold cryptocurrency in the past decade or so, hoping that crypto would be both a powerful investment and a currency of the future. As a result, the cryptocurrency market is booming. Bitcoin, the most recognizable crypto name, has...

Purpose Over Paychecks: Patrice Washington's Advice for Building Wealth Organically

Thu, 20 Jan 2022 17:11:43 -0500

Crying on the bathroom floor, Patrice Washington had a surreal moment of clarity. It was 2009, and she had just lost everything in the Great Recession: her real estate business, a spacious house in California and all of her belongings. Now she was in Louisiana, lightyears away from her SoCal oasis. She looked to God and asked...

Transparency And Financial Disclosures: What Companies Should—And Shouldn’t—Do

Thu, 20 Jan 2022 16:08:29 -0500

In an era of heightened public scrutiny and distrust, it is not surprising that the issue of corporate transparency has catapulted to the forefront. This new environment, fueled by increased media attention on corporate malfeasance, greater regulatory pressure on financial disclosure and accountability, and technologies such as social media, has made it especially easy to...

Crypto, Hypersonics, Quantum: The Disruptive Triad For 2022

Thu, 20 Jan 2022 15:26:13 -0500

Had enough disruption? After COVID, riots, inflation, and busted supply chains, you’ll probably answer, yes enough for my lifetime. But things are just getting started. Here’s my predictions about the three technologies that will cause explosive disruption in 2022 (one of them very literally), with reverberations that will continue through...

Out-of-policy spending spiking this month

Fri, 13 Dec 2019 04:00:00 -0500

This holiday season, many of your employees are feeling extra generous… with your company’s money! Out-of-policy spending skyrockets in December. So say the folks at AppZen. The company used...

America’s Top Recommended Tax And Accounting Firms

Fri, 13 Dec 2019 03:00:00 -0500

When it comes to tax and accounting services in the United States, many corporate clients are asking the question: Am I with the right firm? After all, last year was the first tax season under the Trump Administration tax overhaul—the Tax Cuts and Jobs Act. That brought...

Rewriting The Financial Playbook

Fri, 13 Dec 2019 02:00:00 -0500

With the upcoming U.S. Presidential election, new tariffs and trade issues, and the prospects of softening global growth, economic uncertainty is growing around the globe. To navigate effectively...

Are your company’s 1099s and W-2s error-free? 4 best practices

Fri, 13 Dec 2019 01:00:00 -0500

Of all the strict IRS requirements your finance team strives to meet at year-end, accurate 1099s and W-2s hit the top of the list. The good news is...

Are We Heading Towards a Cashless Economy?

Fri, 13 Dec 2019 00:00:00 -0500

Are we heading towards a cashless economy in the US? originally appeared on Quora: the place to gain and share knowledge, empowering people to learn from others and better understand the world. Answer by Roelant Prins, CCO at Adyen, Quora...

If $1.6 Trillion Of Student Loan Debt Is Forgiven, This Is What Happens

Thu, 05 Dec 2019 00:00:00 -0500

What happens if all $1.6 trillion of student loan debt is forgiven? Here’s what you need to know...

Warning: Work negatively impacting Finance’s mental health

Wed, 27 Nov 2019 04:00:00 -0500

Now’s a good time to check in on your staffers’ stress levels. A disturbing 56.7% of accounting professionals said their workplace has a negative impact on their mental health. That’s more than any other profession recently surveyed by Fishbowl. With...

2020 pension plan limits released by IRS: Your new numbers

Wed, 27 Nov 2019 03:00:00 -0500

IRS just issued new pension plan limits for next year. And the overwhelming majority are going up over this year’s numbers. The year-end updates just keep on coming...

Cost reduction targets missed by 81% of companies

Fri, 08 Nov 2019 04:00:00 -0500

Cost reduction remains top-of-mind for your fellow CFOs: 84% of U.S. companies plan to undertake new initiatives in the next 24 months. Too bad few of them will succeed...

The phishing email most likely to scam Finance

Thu, 07 Nov 2019 04:00:00 -0500

Phishing emails allegedly from social media sites have transformed into a top target for cyber-criminals. And of all social media...