Mon.Mar 14, 2022

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FASB leaning toward making customer relationships part of goodwill, not separate intangible

CFO Dive

Although the Financial Accounting Standards Board took no action on the matter at its early-March meeting, members signaled they’d like to stop counting a company’s customer relationships as an asset.

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Report: StanChart starts to map out CFO succession plan

Future CFO

Standard Chartered Bank , listed in both London and Hong Kong, has started to map out CFO succession plan as the bank’s current CFO is considering retiring as soon as next year’s spring annual meeting, according to a recent Financial Times report. The media report quoted anonymous sources as saying that the bank is conducting a market-mapping exercise of successors though the current CFO hasn’t a final decision on his retirement.

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Risks persist with some LIBOR legacy contracts: Fitch

CFO Dive

Recently passed federal legislation may not avert disruptions from some financial contracts linked to LIBOR that need to adopt a new benchmark rate.

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Using automation to jump over the hurdles of Cash Conversion Cycles

Future CFO

International SOS embarked on the digital transformation of its finance operations by automating its procure-to-pay and accounts receivable processes. By implementing Esker’s Procure-to-Pay suite and Esker’s Accounts Receivable solution ( Invoice Delivery , Collections Management and Cash Application solutions ), the company has gained full visibility and clarity over payables and receivables.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Santander's US consumer lending arm discloses accounting errors

CFO Dive

The auto lender miscategorized cash flows in 2021, owing to a "material weakness" in the company’s financial reporting.

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Turn adversity to advantage

Future CFO

With customers’ preferences, competitors’ pressures, and market forces constantly shifting, businesses rely on finance teams to see the future, plan for it, and make it happen. But pushing your business forward isn’t something you can do if you do things the way you’ve always done them. Sustaining success depends on building adaptability into financial processes and flexibility into once-rigid requirements.

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#192 – The Future of Treasury Technology: AFP Panel Discussion

Strategic Treasurer

Episode 192. The Future of Treasury Technology: AFP Panel Discussion. What are the most significant technology changes affecting treasury today? Live from Washington, D.C., at AFP 2021, Craig Jeffery of Strategic Treasurer LLC moderates a panel discussion on the “Future of Treasury Technology.” Joining him are Mitchell Thomas of FinLync, Evan Mahoney of GTreasury, Michael Kolman of ION Treasury, and Jo K Jagadish of TD Bank.

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Reinventing T&E management for the future

Future CFO

Driven by the pandemic, corporate spending behaviour changed. Along with new spending categories came new payment types, with a large increase of contactless transactions. There were multiple layers of uncertainty to travel and expense management (T&E) with travel restrictions on top of remote work, supply chain disruption, changing business priorities and altered business models.

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What is Quality of Earnings?

CFO Share

Thinking of buying or selling a business? A Quality of Earnings report drills into the details of the business’ financial statements and cash flows. A Quality of Earnings report is essential in a due diligence process. What is a Quality of Earnings report? A Quality of Earning report, also called a QOE or QofE report, helps investors understand the historic earnings and forward-looking performance of the business through rigorous financial analysis.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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Which Investment Type Typically Carries the Least Risk?

Financial Analyst Insider

The goal of investing our money is to increase our amount for retirement, emergencies, and other future needs. There are many different types of investments. The post Which Investment Type Typically Carries the Least Risk? appeared first on Financial Analyst Insider.

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What Is A Certified Public Accountant (CPA)?

KG Virtual CFO

Definition A CPA is a certified public accountant who has passed a rigorous exam and met the requirements of their state board of accountancy. They provide accounting, auditing, and consulting services to individuals, businesses, and government organizations. A CPA's Tasks Let’s get specific! Here are the tasks that a CPA will complete when they join your team: They prepare and examine financial statements.

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Top 4 Data Governance Challenges to Identify and Overcome

Collectiv

Data usage has gained prominence and relevancy in recent years, thanks to the increasing importance of big data and BI adoption. In this age of overwhelming data, rapidly advancing technology, and cutting-edge analytics, data governance plays a vital role in every organization. From setting rules and regulations for data management to measuring the quality of data and defining data resolution processes, the benefits of following data governance best practices cannot be ignored.