Simply Treasury

JUNE 3, 2021

The accounting treatment of currency hedging (timing) mismatches remains a major problem that has become more acute in the wake of the health crisis. When payments were in foreign currencies, this may have affected their results because of currency hedging. Delay in FX hedging, accounting treatment.

IFRS 130

IFRS Foreign Exchange Currencies Profit and Loss 130

The Finance Weekly

AUGUST 26, 2023

, Enterprise Risk Management (ERM) , refers to the systematic procedure of strategizing, arranging, supervising, and managing an , organization's activities with the aim of reducing the negative impacts of risks on its financial resources and profits. The amplified interest in ERM is being driven by external factors.

Risk Management 52

Risk Management Profit and Loss Currencies Compliance 52

PYMNTS

SEPTEMBER 30, 2020

Securities and Exchange Commission (SEC) claims that a Florida digital currency trader purportedly bilked customers out of $6.8 The agency claimed that the defendant scammed investors between January 2018 and January 2019 as he purported to never finish a trading day with losses. million, CoinDesk reported.

Profit and Loss 60

Profit and Loss Currencies Securities Retail 60

PYMNTS

OCTOBER 9, 2019

Today’s payment news roundup includes a look at more fears and concerns around Libra, the spreading losses related to Uber and WeWork, fresh PYMNTS research on subscription commerce and churn and a new tool that enables small and medium-sized business (SMB) operators to access their funds instantly via digital and mobile channels.

Profit and Loss 58

Profit and Loss B2C Currencies Investments 58

PYMNTS

DECEMBER 13, 2018

In a recent interview with PYMNTS, Western Union Senior Currency Strategist Nawaz Ali spoke about the tension of currency hedging that companies endure today, with many firms taking a “one-off” approach to hedging. trade war with China, for example.

Foreign Exchange 62

Foreign Exchange Currencies Profit and Loss Finance 62

PYMNTS

JULY 2, 2019

The cryptocurrency’s loss means it pulled down the value of other premium coins with it, and none of them showed any rises at all. Value in bitcoin and other digital currencies surged recently after the announcement of Facebook’s Libra, a stablecoin tied to real currency. On June 26, the coin hit a value of $13,756.

Profit and Loss 49

Profit and Loss Currencies Investments Numbers 49

PYMNTS

FEBRUARY 6, 2020

The ride-hailing giant, extending its platform model into adjacent businesses such as freight and food delivery, is aiming to deliver a profit earlier than might have been anticipated — as in, the end of this year. billion, up more than 70 percent, as measured in constant currency. For Uber , black ink on the road ahead?

Sales 72

Sales Profit and Loss GAAP Transportation 72

PYMNTS

DECEMBER 1, 2020

The promoters gave victims access to a supposed online AirBit Club portal that displayed false profits. We might see certain economies crashing and local currencies plummeting, which would make Bitcoin theft a lot more attractive,” the cybersecurity provider noted in its forecast. Dos Santos was arrested in Panama City on Aug.

Banking 80

Banking Profit and Loss Forecasting Currencies 80

PYMNTS

OCTOBER 26, 2017

The company wants to raise up to $500 million through sales of the new digital currency. Medici reported a loss of $3.3 It’s going to be a loss until it takes off,” said short-seller Marc Cohodes , undeterred by Medici’s current unprofitability. million during Q2, $400,000 more than Q2 2016.

Profit and Loss 76

Profit and Loss Currencies Retail Planning 76

PYMNTS

OCTOBER 13, 2019

Launched five years ago, Revolut has almost 8 million customers, offering digital financial services through a mobile application including digital debit accounts, currency exchange, budgeting and person-to-person (P2P) payments. But despite its growth, the company has not turned a profit. banking licence.

Profit and Loss 65

Profit and Loss Budgeting Currencies Securities 65

Centage

AUGUST 29, 2022

The end result is improved forecasting when it comes to revenue, profitability, and cash flow. In fact, companies often suffer financial losses as a result of poor project planning. By identifying and evaluating all your business drivers, you can create the strongest scenario model for your organization.

Planning 98

Planning Forecasting Budgeting Profit and Loss 98

PYMNTS

JUNE 19, 2020

FDIC: US Banks See Chargebacks Soar, Profits Tank Due To Pandemic. Bank profits in the United States took a 69.6 The profits just hit $18.5 billion as the COVID-19 health crisis keep making lenders write off debt and stash billions to prevent losses at a later time. percent hit for Q1 compared to the same period in 2019.

Profit and Loss 60

Profit and Loss Prioritization Manufacturing Compliance 60

VCFO

DECEMBER 10, 2021

What does that do to your profitability? Many companies run with less than a 10% profit to start with. a currency) over time. When the percentage is moving up and to the right over time, that indicates that a unit of currency effectively buys less than it did in prior periods. Why Do Currencies Depreciate?

Currencies 55

Currencies Profit and Loss Foreign Exchange Math 55

PYMNTS

AUGUST 15, 2019

The Internal Revenue Service has issued another warning to cryptocurrency investors with federal returns that don’t match the information received from virtual currency exchanges. The IRS is expanding efforts involving virtual currency, including increased use of data analytics,” said IRS Commissioner Chuck Rettig.

Profit and Loss 46

Profit and Loss Currencies Accounting B2B 46

PYMNTS

MARCH 26, 2019

For many firms, these trends are forcing the introduction of an FX strategy on a company for the very first time, and when corporate treasurers aren’t prepared, they can run into complications beyond the cost of currency exchange. A recent controversy at American Express highlighted that risk for SMBs.

Foreign Exchange 69

Foreign Exchange Currencies Cash Management Profit and Loss 69

PYMNTS

SEPTEMBER 23, 2016

Growing impatient waiting for their ETF fund to be listed and to boost bitcoin trading, the cofounders of the Gemini Trust Company, a digital currency exchange based in the U.S., are introducing a daily bitcoin auction so that the currency can be traded any time. dollars, but this is expected to expand to more currencies later.

Profit and Loss 77

Profit and Loss Currencies eCommerce Leverage 77

PYMNTS

JANUARY 12, 2020

Thus, while many are skeptical that these compelling rates can be maintained, the introductory deal illustrates the competitive level for Hong Kong’s “$410 billion local currency time-deposit business.” percent to new customers for two-month deposits of Hong Kong dollars. taking deposits, issuing loans, etc.),

Profit and Loss 52

Profit and Loss Banking Currencies Planning 52

PYMNTS

APRIL 6, 2016

The new platform, announced on Tuesday (April 5), sees corporate treasurers able to access and trade foreign currency over Banking Circle, which connects payers and banks. Saxo added in its release that it will also support payments using the currencies traded over the new solution.

Foreign Exchange 40

Foreign Exchange Profit and Loss Currencies Treasury 40

PYMNTS

APRIL 7, 2016

Despite reporting quarterly losses, it seems H&M is bent on getting bigger. The Sweden-based fast-fashion mega firm claims that currency headwinds pushed their profitability losses to the 30 percent range in Q1, and that undaunted they will continue to aggressively forge forward in opening online and physical stores.

Planning 40

Planning Profit and Loss Prioritization Forecasting 40

PYMNTS

MAY 29, 2018

The WSJ pointed to a report from The Office of the Comptroller of the Currency (OCC), which referred to an easing of commercial loan standards as a leading risk to the industry. The worst loans are often made in the best of times,” Comptroller of the Currency Joseph Otting warned in the report.

Banking 40

Banking Profit and Loss Currencies Numbers 40

PYMNTS

NOVEMBER 1, 2019

Adjusted losses of 3 cents a share were 6 pennies worse than expected. He said that the Visa Direct business logs lower revenue per transaction, but the profitability of those transactions “is great,” he said. The partnership with Ripple focused on foreign currency trades has gained traction, according to management.

Profit and Loss 40

Profit and Loss CFO Currencies Marketing 40

Centage

AUGUST 29, 2022

The end result is improved forecasting when it comes to revenue, profitability, and cash flow. In fact, companies often suffer financial losses as a result of poor project planning. By identifying and evaluating all your business drivers, you can create the strongest scenario model for your organization. Narrow Down Scenarios.

Planning 52

Planning Forecasting Budgeting Profit and Loss 52

PYMNTS

MARCH 7, 2018

According to reports from cryptocurrency news source Cointelegraph, VC funding for blockchain and blockchain-adjacent startups — which use bitcoin, Ethereum and other virtual currencies — is on track to exceed 2017 funding in this industry. billion in industry investments.

Profit and Loss 40

Profit and Loss Healthcare Transportation Startups 40

PYMNTS

OCTOBER 4, 2017

Rewards as currency might be among the best ways to enhance shopping, boost consumer loyalty and give some flexibility in what – and why – people buy. The expectation of rewards is that “this is the ultimate coveted currency. I expect that currency to be flexible and meaningful and to reward me.”. If done right.

Profit and Loss 41

Profit and Loss Currencies eCommerce Technology 41

PYMNTS

JUNE 15, 2018

Securities and Exchange Commission (SEC), said that his agency does not consider the digital currency to be a security. Hinman cited the cryptocurrency’s decentralized and public network, and lack of a third party expecting to make a profit as reasons that the agency won’t treat it like a security.”.

Profit and Loss 40

Profit and Loss Currencies Corporate Finance Treasury 40

Musings on Markets

FEBRUARY 10, 2021

The third is currency, with hurdle rates, for any given project, varying across currencies. Currency I have studiously avoided dealing with currencies so far, by denominating all of my illustrations in US dollars, but that may strike some of you as avoidance. Cost of equity in US $ for German project = 1% + 1.1

Hurdle Rate 52

Hurdle Rate Currencies Investments Valuation 52

CFO News Room

DECEMBER 23, 2022

In October 2022, the International Monetary Fund warned that inflation — combined with central banks’ interest rate hikes designed to fight it — could threaten the entire global economy, a good reason to understand what causes inflation and how to manage this gradual loss of purchasing power. . What is inflation?

Profit and Loss 130

Profit and Loss Banking Forecasting Prioritization 130

PYMNTS

JUNE 20, 2016

But market conditions have also made it more difficult than ever to understand how much money a firm has, where it is, who it’s going to and what form of currency it’s in. Digital currencies, cybercrime and complexities of the accounts payable process combine into a mountain of challenges for corporate financial chiefs.

Accounts Payable 41

Accounts Payable Currencies Invoicing Profit and Loss 41

PYMNTS

MAY 4, 2016

The malicious software is known to have infected over 1 million computers globally and caused tens of millions of dollars in losses since it was first distributed in 2007. Kuzmin not only was responsible for developing Gozi but also created “innovative means of distributing and profiting from it,” the statement said.

Banking 40

Banking Profit and Loss Currencies Leverage 40

CFO News Room

JANUARY 17, 2023

Neither index is particularly representative, and currency effects contaminate both, but they tell the story of devastation in the two markets. In fact, since trading has been suspended on both indices, the extent of the damage is probably understated. Flight to Safety and Collectibles. Economic Consequences.

Economics 130

Economics Valuation Treasury Forecasting 130

CFO News Room

JANUARY 12, 2023

For others, it can be the portion of their capital with the longest time horizon (pension fund savings or 401Ks, if you are a young investor, for example), where they believe that any losses on risk capital can be made up over time. moving towards zero, increasing the costs of staying on the sidelines.

Investments 130

Investments Profit and Loss Treasury Marketing 130

PYMNTS

NOVEMBER 8, 2019

The problem with large investments – the type that run into the billions of dollars – is that just as gains can be astronomical, the losses can be devastating. Promises to disrupt the way business has always been done are exciting, yes, but profits matter. Emily Dickinson once wrote that “hope is the thing with feathers.”

Profit and Loss 40

Profit and Loss Valuation Education Currencies 40

PYMNTS

AUGUST 18, 2016

In order to avoid money collected from being traced, Cerber uses bitcoin currency and creates unique bitcoin wallets in order to receive funds from its victims. In July 2016 alone, the overall profit earned by Cerber RaaS campaigns totaled $195,000, with the malware developer earning roughly $78,000.

Profit and Loss 40

Profit and Loss Currencies Securities 40

PYMNTS

AUGUST 8, 2019

The filing showed that the Tel Aviv-based company’s net losses grew from $19.3 Over the coming quarters and years, we plan to execute on our strategy to drive sustainable growth, while making steady progress on our path to profitability,” said Fiverr CEO Micha Kaufman. million in 2017 to $36.1 million in 2018. million to $75.5

Profit and Loss 46

Profit and Loss Currencies Marketing Numbers 46

PYMNTS

JUNE 5, 2019

The scheme involved what the report called “untold numbers of customers whose accounts were used by the ring, as well as the (unnamed) carriers themselves, which typically bore the losses.”. Counterfeit Debit Cards. The work involved wasn’t the most complicated, either. From ICOs that took in money (millions!)

Profit and Loss 53

Profit and Loss Currencies Accounting Securities 53

PYMNTS

JULY 24, 2017

According to American Express, the decline is due to the loss of the U.S. Kyriba also identified market volatility in both the currency and political markets, as well as “rampant fraud and increasing regulatory requirement” that are pushing businesses to adopt cloud-based cash management solutions.

B2B 46

B2B SAP Profit and Loss Forecasting 46

Creative CFP

OCTOBER 2, 2020

There is an automatic link to XE.com , so multi-currency transactions are converted automatically to your reporting currency. When you pay the foreign supplier or receive money from a foreign client, Xero calculates the foreign exchange profit and loss and posts the journals automatically. Fixed assets are a breeze.

Accounting 52

Accounting Finance Cash Flow Forecasting General Ledger 52