Barry Ritholtz

APRIL 11, 2024

Whatever gains they had over the benchmark were soon consumed by their relatively high costs. Fidelity’s Peter Lynch was a rock-star stock picker and crushed all benchmarks over the next dozen or so years. This is before we get to the many many accounting frauds: Worldcom, Enron, Tyco, etc.

Benchmarking 140

Benchmarking Marketing Investments Securities 140

PYMNTS

DECEMBER 3, 2019

The company used generally accepted accounting principles (GAAP) to essentially turn a $1.9 Using this cash-flow metric, WeWork was able to deduct about $900 million in leasing costs and building expenses from the revenue it took in from members and services. billion net loss into a $142 million profit.

Benchmarking 54

Benchmarking Profit and Loss GAAP Accounting Principles 54

Future CFO

APRIL 7, 2024

Remuneration ranks as the second most critical factor affecting talent attraction and retention in the audit profession across the majority of regions, according to a recent joint survey by the Association of Chartered Certified Accountants and the Chartered Accountants Australia and New Zealand.

Finance 52

Finance Auditing Benchmarking Accounting 52

PYMNTS

MAY 3, 2019

Chief financial officers are changing their views on how they assess corporate performance in light of changes to lease accounting rules coming into play. Companies including Orange, Deutsche Telekom and Air France have already notified investors that they are amending or changing performance metrics.

Accounting 49

Accounting Accounting Standards Benchmarking Financial Reporting 49

PYMNTS

NOVEMBER 2, 2020

Bloomberg customers will now be able to use the news site's terminal to look at Credit Benchmark 's credit risk data, which comes from risk views of the world's largest financial institutions, according to a press release. Clients will also be able to use the data for an enterprise use case, the release stated.

Credit Risk 85

Credit Risk Benchmarking Risk Management Economics 85

CFO News

JULY 11, 2023

Governor Shaktikanta Das discussed issues relating to strengthening credit underwriting standards, monitoring of large exposures, implementation of External Benchmark Linked Rate (EBLR) guidelines, bolstering IT security and IT governance, improving recovery from writtenoff accounts, and timely and accurate sharing of information with credit information (..)

Benchmarking 52

Benchmarking Banking Securities Accounting 52

PYMNTS

JUNE 10, 2020

News emerged Wednesday (June 10) that the unit isn’t taking any more applications for savings accounts because demand has been so high that the volume is pushing against U.K. However, British consumers can still open Marcus one-year fixed-rate accounts. Well, Goldman recently cut the rate on its high-yield savings accounts to about 1.3

Accounting 52

Accounting Benchmarking Compliance Banking 52

PYMNTS

DECEMBER 19, 2019

FinTech and automation technology have cast a shadow of anxiety on the accounting industry in recent years, as certified public accountants (CPAs) began to wonder whether their jobs would be replaced entirely by robots. Because there is a big disconnect between the accounting industry and the small business owner.”

Accounting 53

Accounting Finance Accounting Firms Benchmarking 53

PYMNTS

NOVEMBER 21, 2016

based small business accounting firm, has listed on the nation’s AIM stock exchange, the LSE ‘s market for smaller firms. He added that ongoing disclosure of these types of financial statistics “would further improve credibility by allowing independent verification, consistency of output and benchmarking of performance.”

Startups 77

Startups Accounting Valuation Benchmarking 77

PYMNTS

DECEMBER 11, 2017

Accounting software that boosts automation isn’t taking jobs away from human accountants. But it is altering the profession, with more small businesses seeking advisory services from their accountants and bookkeepers. Accountants are starting to pay attention to upcoming disruption too. 61 percent of U.S.

Accounting 42

Accounting Benchmarking Accounts Payable CFO 42

CFO News

MAY 19, 2023

The Reserve Bank of India will transfer a surplus of ₹87,416 crore to the government for the 2022-23 accounting year, up from ₹30,307 crore in 2021-2022.

Benchmarking 52

Benchmarking Sales Accounting Banking 52

Fpanda Club

MARCH 14, 2021

The most common examples of defects in finance processes are: errors in payments while billing or accounts payable processes, incorrect entries in accounting, inaccurate forecasts in budgeting, delays in reporting, incorrect data in the reports, a formula error in the Excel spreadsheet. Download this article

Finance 130

Finance Benchmarking Transportation Accounts Payable 130

Barry Ritholtz

OCTOBER 14, 2023

Orbis deploys a unique fee arrangement , where they are only paid a fee when they outperform their benchmark and refund fees to clients when they underperform. The Orbis Global Equity is their flagship fund, accounting for 67% of their assets, and has compounded at 11% annually, outperforming its benchmark since its 1990 inception.

Benchmarking 60

Benchmarking Entertainment Finance Retail 60

Generation CFO

DECEMBER 20, 2021

I started my career as an accountant in industry in the 1990s, and, at this time, we were very much of the ‘last-year + % salary increase’ brigade. All of this, of course, supports the planning process and benchmarking between organisations. Access Full Webinar. The development of financial workforce planning.

Planning 131

Planning Benchmarking Budgeting Concentration 131

The Charity CFO

JULY 17, 2023

Define Expectations Through Benchmarks and Other Metrics Before you can figure out if your nonprofit is healthy, you have to define what healthy means to your organization. Work with stakeholders like donors, fundraising heads, program leaders, and others to determine what metrics and benchmarks should be used.

Nonprofit 52

Nonprofit Benchmarking Auditing Compliance 52

Future CFO

NOVEMBER 5, 2023

CFOs must uphold compliance with accounting standards and take a cautious approach to accounting positions, often providing additional disclosures in situations with any potential for debate. A crucial aspect of the CFO’s role is benchmarking the company’s profitability against both local and global peers.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) CFO Benchmarking Risk Management 52

The Charity CFO

MARCH 22, 2024

In addition to identifying KPIs, you’ll need to establish benchmarks for success. After choosing KPIs and their benchmarks, you can start incorporating data insights into strategic planning. Our experienced team of financial and accounting professionals specializes in nonprofits. That’s where The Charity CFO comes in.

Nonprofit 52

Nonprofit Leadership Benchmarking Leverage 52

Strategic Treasurer

MARCH 23, 2023

Learning Objectives : Learn the current perspectives, plans, and strategies of treasury and finance practitioners on issues such as economic and geopolitical outlook, top concerns, credit use and availability, operations and benchmarks, staffing, regulation, bank relationship management, technology, and more.

Treasury 52

Treasury Benchmarking Education Economics 52

PYMNTS

MAY 10, 2017

CSI globalVCard said Tuesday (May 9) that it struck a partnership with Visa to integrate Visa Payables Automation into the CSI globalVCard pay system Payables platform, enabling issuers of Visa cards to link their own corporate customers to the combined accounts payable offerings of both Visa and CSI globalVCard.

Accounts Payable 43

Accounts Payable Accounting Benchmarking Reconciliations 43

Barry Ritholtz

DECEMBER 7, 2023

retailers retracted its claim that “organized retail crime” accounted for nearly half of all inventory losses in 2021 after finding that incorrect data was used for its analysis. It takes her only about 30 seconds to recount this, but those 30 seconds contain an entire narrative world.

Profit and Loss 95

Profit and Loss Benchmarking Retail Securities 95

The Charity CFO

DECEMBER 20, 2023

How does one help clients understand their benchmarking? An organization is comparable to another within the same industry, and therefore they use each other to gauge success when it comes to meeting KPI goals and industry benchmarks. Traditionally, the experience goes as such.

Nonprofit 52

Nonprofit Benchmarking Healthcare Restructuring 52

Nerd's Eye View

MARCH 28, 2023

What's unique about Erica, though, is how she built a series of spreadsheet tools to measure the details of each step of her advisory firm’s marketing funnel, from lead generation to each meeting in the sales process to client onboarding and getting initial revenue for the firm… and then turned it into a series of tools that any advisory (..)

Marketing 75

Marketing Benchmarking Analyzing Data Strategic Planning 75

Spreadym

NOVEMBER 23, 2023

Comparative Analysis: Comparing OPEX with industry benchmarks or competitors allows businesses to benchmark their performance. Varying Accounting Practices: Different companies might categorize expenses differently, making comparisons challenging.

Financial Analysis 59

Financial Analysis Benchmarking Restructuring Cost Management 59

PYMNTS

MARCH 13, 2019

This stumbling block to innovation is often visible in accounts payable (AP) departments, Corcentric SVP of Sales Daniel Andrew told PYMNTS in a recent conversation. Organizations’ accounts payable departments perform at a certain level, and then stay there. Over time, he noted, accounts payable isn’t costing money.

Accounts Payable 44

Accounts Payable Accounting Invoicing Benchmarking 44

Barry Ritholtz

AUGUST 26, 2022

My examples of overpriced, low-performing, abusive account management have been derided as outliers. As often happens in these circumstances, the ex-employee’s book gets divided up among the remaining brokers, whose jobs that weekend becomes retaining those accounts and their assets.

Concentration 141

Concentration Benchmarking Investments Accounting 141

PYMNTS

NOVEMBER 2, 2018

An expansion of its existing integration will introduce enhanced General Ledger Interface mapping via Accountant Connect, allowing accountants to seamlessly link into and interface with QuickBooks and other accounting platforms to manage their small business (SMB) clients’ finances.

General Ledger 62

General Ledger Accounts Payable Benchmarking Compliance 62

Strategic Treasurer

MAY 12, 2022

The survey’s questions probed NBFIs on their plans, activities, and priorities and gathered details ranging from account use to AI/ML adoption and collateral management. Benchmarking: Personal Best. This survey is designed as a benchmarking guide for corporate treasury. The vast majority were North American corporates (91%).

Prioritization 52

Prioritization Compliance Securities Benchmarking 52

VCFO

JULY 12, 2022

top quarter of profitable companies, operating regions) via financial benchmarking. Financial benchmarking against the best performers in your industry will identify key variances between your KPIs and those of the best performers. Read more about the advantages of Financial Benchmarking here. Optimize now.

Benchmarking 81

Benchmarking Restructuring Economics Technology 81

PYMNTS

AUGUST 16, 2020

Bank stocks have slid this year as many of the nation’s largest banks have set aside tens of billions of dollars to account for potential loan losses amid the pandemic, The Wall Street Journal (WSJ) reported. Morgan by 62 percent to 22.2 million shares, and sold its remaining 1.9 million Goldman shares.

Banking 128

Banking Benchmarking Investments Securities 128

CFO Talks

MARCH 14, 2024

This could involve benchmarking against industry standards, conducting financial analyses, and implementing best practices. Clean Up the Accounting and Finance Functions: The CFO should assess and enhance the efficiency and effectiveness of the accounting and finance departments.

CFO 40

CFO Performance Measuring Benchmarking Restructuring 40

Future CFO

SEPTEMBER 1, 2019

The Monetary Authority of Singapore (MAS) has set up a steering committee to oversee an industry-wide interest rate benchmark transition from the Singapore dollar (SGD) Swap Offer Rate (SOR) to the Singapore Overnight Rate Average (SORA), in response to the discontinuation of the use of Libor (London Inter-bank Offered Rate) in Dec 2021. .

Benchmarking 40

Benchmarking Accounting Standards Currencies Accounting 40

VCFO

AUGUST 9, 2023

6 Operating Performance Metrics for Professional Services Firms Professional services firms come in all shapes, sizes, and types – law, accounting, architecture, engineering, field services, janitorial, specialized consulting, and the list goes on. To capture Direct Labor, most firms need some sort of time-tracking system.

General Ledger 83

General Ledger Benchmarking Leverage Budgeting 83

CFO Talks

MARCH 20, 2024

The modern CFO: Guardian, Change-maker, Manager, Planner To help new accountants get ready for a CFO role at large companies, the Institute of Chartered Accountants of Ontario (ICAO) and Queen’s University conducted extensive research on the roles of the CFO. Strategist (Planner) , plotting the company’s financial future.

CFO 52

CFO Compliance Performance Measuring Education 52

Centage

DECEMBER 1, 2021

They’re focused less on benchmarking current performance to the predicted budget and instead want to leverage real-time data to understand what the future looks like. But times have changed – which is why financial forecasting is more important than your annual budget.

Forecasting 98

Forecasting Budgeting Financial Planning and Analysis (FP&A) Benchmarking 98

Future CFO

DECEMBER 21, 2023

There is also the natural climate to take into account. Review the credit terms you extend to customers and suppliers, and benchmark your trade terms against the rest of your industry. Make sure your client portfolio is balanced so you are not relying heavily on one or two clients for most of your income.

Profit and Loss 52

Profit and Loss Concentration Benchmarking Invoicing 52

VCFO

JANUARY 27, 2022

If you allow your accounts receivable collection cycle to extend too far out, you are essentially losing money on every sale due to timing. Accountability. This methodology keeps us aligned, it keeps us accountable, and we plan for the future on a routine basis. We run an EOS organization and many of our clients do as well.

Benchmarking 81

Benchmarking Restructuring Leadership Planning 81

PYMNTS

AUGUST 16, 2020

Bank stocks have slid this year as many of the nation’s largest banks have set aside tens of billions of dollars to account for potential loan losses amid the pandemic, The Wall Street Journal (WSJ) reported. Morgan by 62 percent to 22.2 million shares, and sold its remaining 1.9 million Goldman shares.

Banking 99

Banking Benchmarking Investments Securities 99