Nerd's Eye View

NOVEMBER 8, 2022

What's unique about Cean, though, is how the path that he and his partners took to break away from the insurance and brokerage worlds to run their own independent RIA inadvertently created a three-way struggle to find the proper compensation and accountability structure across their differing books of business, and ultimately forced them to seek third-party (..)

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Restructuring Leverage Accounting Planning 52

Accountancy Today

JULY 25, 2022

Data from The Gazette Official Public Record revealed construction, manufacturing and retail were the sectors that accounted for almost 40% of administrations in 2022.

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Construction Manufacturing Accounting Retail 82

CFO News

DECEMBER 16, 2022

Delays in payments had meant the account was tagged as NPA in the fourth quarter of last fiscal. The company owes a group of 10 lenders led by State Bank of India (SBI) a total of ₹4,900 crore. However, the company cleared its outstanding dues in the last three months and has proposed a fresh payment schedule to banks.

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Restructuring Planning Banking Accounting 52

The Charity CFO

NOVEMBER 10, 2022

What should you look for when evaluating nonprofit accounting services? Yes, they might have a board member or volunteer who takes care of the finances, but they often lack specific expertise in nonprofit accounting. Benefits of Nonprofit Accounting Services. Nonprofit organizations exist to further a mission or goal.

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Nonprofit Accounting Auditing GAAP 52

Future CFO

OCTOBER 28, 2019

HSBC’s CFO Ewen Stevenson said the bank plans to restructure its loss-making businesses after announcing an 18% year-on-year drop in pre-tax profit in Q3 on Monday. The post HSBC CFO: Bank to restructure after Q3 profit drop appeared first on FutureCFO. The Hong Kong-listed bank reported pre-tax profit of US$4.8

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Restructuring CFO Profit and Loss Banking 40

CFO News

APRIL 6, 2023

Byju’s holds $650 million in overseas accounts and about Rs 1,500 crore in liquid funds in India Edtech company yet to agree to the clause; lenders also want fortnightly updates on firm’s cash position.

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Restructuring Accounting 52

CFO News

MARCH 22, 2023

Banks want that a restructured MSME account under the Covid package be considered NPA from the latest date and not from the date prior to restructuring. This comes after, in certain cases, banks were told to treat such accounts as bad loans starting from when they were restructured and accordingly make provisions.

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Restructuring Banking Accounting 52

Corporate Finance Lab

OCTOBER 26, 2023

In my PhD book “Intra-Group Financing and Enterprise Group Insolvency: Problems, Principles and Solutions”, I focus on financial arrangements common for enterprise groups and explore their influence on and treatment in insolvency and restructuring of corporate groups. The existence of cross-guarantees may affect restructuring in other ways.

Finance 85

Finance Restructuring Economics Sales 85

PYMNTS

SEPTEMBER 14, 2020

The audit divisions don't always generate much in the way of profits, but concerns have arisen that the companies’ auditors have never properly challenged the directors on their accounts for fear of missing out on lucrative clientele. On Friday (Sept. 23 of this year, The Telegraph reports.

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Auditing Restructuring Planning Accounting 145

PYMNTS

JUNE 29, 2020

In today’s top news, Germany’s deputy finance minister wants to restructure accounting firm regulations, and consumers are turning away from travel rewards cards. Wirecard Forces ‘Radical’ Reboot Of German Accounting Regs. Plus, the Federal Deposit Insurance Corp. FDIC) is looking to modernize bank reporting.

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Accounting Restructuring Accounting Firms Banking 56

CFO News

FEBRUARY 20, 2023

In India, retail and wholesale prices of alcohol are controlled by states that account for over 65% of the overall market, making it difficult for companies to raise prices quickly.Companies said they are advocating both for immediate price increases as well as for a more fundamental restructuring of the way prices are handled for the industry.

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Restructuring Retail Accounting Marketing 52

CFO News

JANUARY 5, 2023

"Collection efficiency maintained at 99% plus, with restructured and NPA books showing healthy collections. Out of this, Rs 64 crore was technically written off accounts and the balance are NPAs. Suryoday said it sold a pool of stressed assets amounting to Rs 492 crore for Rs 135 crore in December.

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Restructuring Banking Finance Accounting 52

CFO Thought Leader

OCTOBER 17, 2023

Unbeknownst to McClure—and perhaps even to the firm’s subsequent new CFO hire—a transformative chapter was about to get under way at the security firm that involved a massive restructuring and Chapter 11 bankruptcy.

CFO 59

CFO Restructuring Leadership Finance 59

PYMNTS

MAY 1, 2019

accountancy group specializing in providing advisory services to small and medium-sized businesses (SMBs). Reports in Accountancy Daily on Monday (April 29) said the Corporate Finance Network is calling on U.K. But the scheme faced some of its harshest attacks yet at the hands of the Corporate Finance Network, a U.K.

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Accounting Banking Corporate Finance Treasury 59

PYMNTS

MAY 31, 2017

million fake accounts in customers’ names to meet aggressive sales goals. Wells Fargo is re-shuffling the deck after a huge scandal last year left the bank playing 52-card pickup. Under the watch of the former head of the retail business, Carrie Tolstedt, employees created as many as 2.1

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Restructuring Leadership Banking Retail 40

Barry Ritholtz

JULY 14, 2023

By his own account, he’s in great shape, owing to a fondness for mixed martial arts and a propensity for doing calisthenics while wearing a camo-print weighted vest. The $10 billion event-driven is a deep value-focused investor specializing in companies that need financial and operational restructuring.

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Restructuring Accounting Planning Technology 96

Future CFO

OCTOBER 19, 2023

Bonds maturing in the first three years account for around 90% (or $121 billion) of the five-year total. Companies rated B2 and lower account for 45% (or $61 billion) of maturities. These companies account for a similar proportion of total HY companies versus last year's study.

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Restructuring Forecasting Leverage Accounting 52

PYMNTS

FEBRUARY 26, 2018

billion | Number of adults in the world who do not have bank accounts and may not have government-issued IDs but do have mobile phones. That data will be used to instantly verify those mobile device users around the globe with the aim of reducing fraud tied to account openings. Here are the numbers: 1.8 billion loss.

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Accounts Payable Accounting Profit and Loss Restructuring 40

Barry Ritholtz

JULY 13, 2023

The $10 billion event-driven is a deep value-focused investor specializing in companies that need financial and operational restructuring. Wagner began his career doing hedge fund accounting at Ernst & Young.

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Restructuring Accounting Marketing 98

PYMNTS

JANUARY 24, 2020

The company has been dealing with layoffs and restructuring as the marijuana industry continues to evolve, and the once cash-heavy investment industry is seeing less capital lately. . “As These are brands that heavily rely upon MedMen for their business.” .

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Restructuring Accounts Payable Retail Investments 54

CFO Simplified

MARCH 7, 2024

accounting firms, SEC registered businesses, insurance companies, and publicly traded corporations). He works closely with private equity firms, real estate investors, strategists, and entrepreneurs on tax structuring related to acquisitions, dispositions, reorganizations, restructurings, recapitalizations, and other tax matters.

Tax Planning 59

Tax Planning Compliance Restructuring Treasury 59

CFO Share

APRIL 25, 2024

Once identified, the CFO will work with your managers to ensure that initiatives like financial restructuring or expense management are executed quickly and effectively to boost cash flow and preserve the company. Weekly or daily war room meetings should include a review of the project plan to hold the team accountable to their commitments.

CFO 52

CFO Forecasting Restructuring Prioritization 52

CFO Share

APRIL 25, 2024

Once identified, the CFO will work with your managers to ensure that initiatives like financial restructuring or expense management are executed quickly and effectively to boost cash flow and preserve the company. Weekly or daily war room meetings should include a review of the project plan to hold the team accountable to their commitments.

CFO 52

CFO Forecasting Restructuring Prioritization 52

CFO Share

APRIL 25, 2024

Once identified, the CFO will work with your managers to ensure that initiatives like financial restructuring or expense management are executed quickly and effectively to boost cash flow and preserve the company. Weekly or daily war room meetings should include a review of the project plan to hold the team accountable to their commitments.

CFO 52

CFO Forecasting Restructuring Prioritization 52

Future CFO

FEBRUARY 13, 2023

The Group also completed a successful restructuring which helped to strengthen its financial and cash position,” she added. She also cited regaining financial institutions’ confidence in the Group post-restructuring as another challenge. This was addressed through the institution of daily cash monitoring and management.

Treasury 98

Treasury Cash Management Restructuring Accounts Payable 98

PYMNTS

AUGUST 21, 2020

While many firms returned the money at Citi’s request, the bank said in court documents, a dozen have been sued after what the bank called an “operational error” caused it to transfer $900 million of its own funds to Revlon creditors one day after the troubled cosmetics company was sued over its restructuring tactics. On Monday (Aug.

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Risk Analysis Restructuring Valuation Investments 105

PYMNTS

FEBRUARY 26, 2020

Frumkin is a restructuring specialist who was put in his new position last week after working on an interim schedule in 2019. Metro ’s new plan involves growing deposits at a rate of less than 10 percent per year until 2024, and focusing on current inexpensive accounts instead of going after savings offers.

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Banking Restructuring Planning Accounting 74

CFO Simplified

MARCH 7, 2024

accounting firms, SEC registered businesses, insurance companies, and publicly traded corporations). He works closely with private equity firms, real estate investors, strategists, and entrepreneurs on tax structuring related to acquisitions, dispositions, reorganizations, restructurings, recapitalizations, and other tax matters.

Tax Planning 52

Tax Planning Compliance Restructuring Treasury 52

The Charity CFO

JULY 14, 2022

If you’re currently spending more than you’re bringing in, you’ll slowly start whittling down your savings accounts. Take a hard look at which debt you can pay off or restructure now to reduce your monthly payments. Watch or listen to this episode on A Modern Nonprofit Podcast: Don't hire the wrong accountant for your nonprofit!

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Nonprofit CFO Economics Restructuring 105

CFO Talks

MARCH 14, 2024

Clean Up the Accounting and Finance Functions: The CFO should assess and enhance the efficiency and effectiveness of the accounting and finance departments. This includes staff training, process improvements, and organizational restructuring to support the company’s strategic objectives.

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CFO Performance Measuring Benchmarking Restructuring 40

PYMNTS

FEBRUARY 1, 2019

Though Houzz is still investigating, it said that sensitive personal information — such as Social Security numbers and payment card, bank account or other financial information — was not affected by the breach. We restructured our international marketplace workforce, primarily in our U.K.

Startups 80

Startups Restructuring Accounting Securities 80

PYMNTS

JULY 31, 2020

In its Chapter 11 filing, Ascena wrote that it reached a restructuring agreement with 68 percent of its secured term lenders and received $150 million in new loans. Under a restructuring, the conglomerate would close its Canada, Puerto Rico and Mexico stores and its Catherines shops. They also purchased Forever 21 in February.

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Restructuring Retail Sales Numbers 58

CFO Talks

AUGUST 23, 2023

Nonkululeko Gobodo’s advice for shattering glass ceilings Written by: Leigh Schaller Nonkululeko Gobodo, one of the founders of what would become South Africa’s largest black-owned accounting firms as well as the first black female CA(SA) spoke to Chwayita Deliwe, co-owner of CN Outsourced Finance on the CFOClub Podcast. I want to do this.”

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Auditing CFO Restructuring Accounting 98

Barry Ritholtz

DECEMBER 30, 2023

The $10 billion event-driven is a deep value-focused investor specializing in companies that need financial and operational restructuring. Wagner began his career doing hedge fund accounting at Ernst & Young.

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Concentration Restructuring Leadership Investments 52

CFO Share

OCTOBER 14, 2021

A bookkeeper or accountant who. Once you have detected fraudulent behavior, it is time to hire forensic accounting services. Forensic accountants investigate, identify, and document fraud. Most small business fraud is perpetrated by someone in your accounting department, so hiring third-party fraud management is essential.

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Profit and Loss Cash Flow Forecasting Restructuring Auditing 52

PYMNTS

JANUARY 23, 2020

million for his role in a scandal at Wells Fargo involving millions of fake accounts created to meet the bank’s sales quotas. The Office of the Comptroller of the Currency (OCC) said that there will also be a number of other individuals selected for punishment involving the fake accounts scandal, including other executives at the bank.

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Banking Restructuring Currencies Sales 74

PYMNTS

JANUARY 30, 2020

He also noted that nearly all clients will not experience any changes with their account numbers. He also noted that the merger-related restructuring charges were $223 million, pretax. And King noted that security losses due to its balance sheet restructuring were $116 million.

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Restructuring Accounting Securities Numbers 56