Wed.Sep 21, 2022

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SEC presses for economic risk disclosures

CFO Dive

The SEC’s focus on disclosures related to turbulence in the economy comes as the agency pushes companies to disclose more about executive pay.

Economics 299
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Author Talks: Africa is not a country

Mckinsey and Company

News, entertainment, and even charity campaigns tend to promote a stereotypical image of Africa that ignores its nuance and history. Dipo Faloyin is correcting this narrative.

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Fed tightening deepens housing recession

CFO Dive

Record home prices, mounting construction costs and a Fed-spurred rise in mortgage rates have worsened a downturn in housing, homebuilders said.

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Accelerating the transition to net-zero travel

Mckinsey and Company

Despite the best intentions, many travel companies are struggling to reduce their emissions fast enough. A report by McKinsey and Skift provides four practical recommendations.

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8 Sins of a Manual Reconciliation

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Business operations are getting increasingly complex, shareholders are demanding more, and your auditors are breathing down your neck like never before. In this high-pressure environment, it’s important to remember that reconciliation activity is your last line of defense against financial fraud and errors. Insisting on a manual process to handle month-end reconciliations is a risky endeavor that places an undue burden on your accounting team.

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Citi alum takes on permanent CFO role for Tanger REIT

CFO Dive

The REIT appointed Citi managing director Michael Bilerman to its top financial seat three months after ousting its previous CFO, a 28-year veteran of the company.

CFO 239

More Trending

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4 Tactics that Backfire When Dealing with a Difficult Colleague

CFO News Room

One of my favorite questions to ask people who are dealing with a difficult colleague is: What would you do about this situation if you could do anything you wanted? . In researching and writing my book, Getting Along: How to Work with Anyone (Even Difficult People) , I had the opportunity to ask this question of dozens of people, and the answers usually ranged from practical to entertaining to a bit scary (there are lots of people who want to punch an annoying colleague in the face!).

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Inflation Expectations: A Dubious Survey

Barry Ritholtz

One of the things we know about inflation expectations is that Federal Reserve Chairman Jerome Powell relies heavily on them. He thinks about expectations, gives speeches on them, and uses the data series when enacting Federal Reserve policies to combat inflation. The problem is that all consumer surveys (including inflation expectations) are deeply problematic.

Budgeting 125
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The Power Of Using Checklist-Style Financial Planning

CFO News Room

Executive Summary. There are many financial advisors who take issue with the financial advice offered by popular personal finance personalities such as Dave Ramsey. Some disagree on technical details like the plausibility (or purported lack thereof) of his assumptions for future investment returns, while others criticize broader elements of his approach (like his reliance on rules of thumb and a one-size-fits-all approach to building wealth).

Planning 130
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Why Checklist-Style Financial Planning Works: What Advisors Can Learn From Dave Ramsey’s Baby Steps

Nerd's Eye View

There are many financial advisors who take issue with the financial advice offered by popular personal finance personalities such as Dave Ramsey. Some disagree on technical details like the plausibility (or purported lack thereof) of his assumptions for future investment returns, while others criticize broader elements of his approach (like his reliance on rules of thumb and a one-size-fits-all approach to building wealth).

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Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.

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Polycentric Voluntarism Unbound: The Case for Nano Nonprofits

CFO News Room

Americans tend to assume that bigger is better, and they are often right. But in many instances the job calls for a step ladder, not a crane. Businesses range from billion-dollar multinationals to sole proprietorships, and governments from the supranational United Nations to tiny hamlets. Nonprofits also come in various sizes, from those with thousands of employees to those with one or even no employees. .

Nonprofit 130
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10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning train WFH reads: • Jerome Powell’s Inflation Whisperer: Paul Volcker Aiming to reduce inflation even at the risk of recession, the Fed Chairman draws on a 1980s playbook. ‘We must keep at it until the job is done.’ ( Wall Street Journal ) see also The “Data-Dependent” Fed and the Data Interpreting the mixed signals across the economy, with a focus on inflation, jobs, and market pricing. ( The Overshoot ). • Were Those Great Returns the Result of Skill — or Just Lu

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General Mills, Stitch Fix, Beyond Meat and others

CFO News Room

Check out the companies making headlines before the bell: General Mills (GIS) – General Mills shares gained 1.8% in the premarket after the food producer reported a better-than-expected quarterly profit and raised its full-year sales forecast. The company expects to benefit from higher prices and strong demand for cereal, snacks and pet food. Stitch Fix (SFIX) – Stitch Fix slid 5.9% in premarket trading after reporting a wider-than-expected quarterly loss and issuing a weak forecast.

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ION GTP wins two categories at 2022 Asia Capital Markets Awards

Reval

Hong Kong – 21 September 2022: ION, a global provider of trading, analytics, treasury, The post ION GTP wins two categories at 2022 Asia Capital Markets Awards appeared first on ION.

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Chit Chat: Elevating the Month-End Close Process Through Automation – Lancaster Leaf

Speaker: Raul Perez, VP and CFO of Lancaster Leaf

Lancaster Leaf Tobacco Co Inc. is a subsidiary of Universal Corporation, the leading global leaf tobacco supplier. Lancaster Leaf supplies virtually all the major cigar manufacturers in the U.S. with filler, binder, and wrapper, and exports filler, binder, and wrapper to international cigar manufacturers. This all could mean a complicated month-end close - before automation.

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Bank CEOs to Go Before Congress, With Economy and High Inflation in Focus

CFO News Room

WASHINGTON—The heads of seven of the largest U.S. banks are set to face questions from Congress on hot-button issues including money-transfer scams, the state of the U.S. economy and a credit- and debit-card code that identifies when purchases are made at firearms stores. . Bank chief executives, including JPMorgan Chase & Co.’s Jamie Dimon, Citigroup Jane Fraser and Wells Fargo & Co.’s Charles Scharf, plan to offer a favorable picture of an industry they say helped the economy recove

Banking 100
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Dealing With Inflation In 2022

Adam Kae

As we reach an annual inflation rate of 8.3% this year - the highest since 1982 - the challenges of soaring energy costs, labor shortages, and supply issues pile on as business owners and employees struggle to stay afloat. Let’s look at a few ways your business can save money and ride out the inflation wave until things go back to normal. Focus on Cash Flow.

CFO 52
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Liz Cheney’s Electoral Count Act Bill to Stop a Jan. 6 Repeat

CFO News Room

The good news is that the House now has a bill to update the 1887 Electoral Count Act, the antiquated law implicated in the Jan. 6 Capitol riot. Even better, the legislation unveiled this week by Republican Liz Cheney and Democrat Zoe Lofgren reads like it’s an improvement, in some respects, of the Senate version. The House plan says the Vice President’s role when Congress tallies the Electoral College “is ministerial.

Planning 100
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What-if Analysis: A Beginner's Guide to Scenarios + Goal Seek in Excel

Cube Software

Adaptability is the highest calling of financial planning & analysis. By knowing the ways things may play out (and how it will impact your financials), you can budget appropriately, reduce uncertainty, and react more quickly to change.

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Consolidation Solution Checklist

Finally, a solution for all. The need for a consolidation engine varies from one organization to the next. Mid-market companies have been forced to rely on standalone Excel and Tylenol for too long. Download the checklist to see if it’s a consolidation solution that’ll get rid of those darn headaches.

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Workers’ Changing Attitudes Tighten Labor Market

CFO News Room

The phrase “labor market” doesn’t do justice to the complex relationship between workers and their jobs. Unlike ordinary goods and services, such as slabs of steel or cups of coffee, workers care about how they’re treated, and have other things to do with their time. This has become glaringly apparent from recent events. Last week, railroad workers nearly went on strike over working conditions, such as how much time they could take off for medical needs without penalty.

Marketing 100
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What are the top risks for emerging Asia?

Future CFO

The top risks for emerging Asia over the next 12 to 18 months are inflation and supply chain disruptions, according to an audience poll at the Emerging Market Summit Asia 2022 organised by Moody's Investors Service earlier this month. These two top risks for emerging Asia were followed by the potential impact of rising interest rates and slower economic growth, Moody’s said.

Finance 52
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U.S. Senators Propose Secondary Sanctions On Russian Oil

CFO News Room

Yves here. The US so far has largely held back from “secondary sanctions,” as in trying to impose US sanctions on countries that deal with Russia in ways that would be sanctions violations if done by US persons. China has already said, loudly, that the US has no business interfering in its relations with Russia, so I’d expect a very aggressive response if this plan went anywhere.

Banking 100
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ION MarketFactory wins ‘Connectivity Provider of the Year’ at Asia Capital Markets Awards

Reval

Hong Kong – 21 September 2022: ION, a global provider of trading, analytics, treasury, The post ION MarketFactory wins ‘Connectivity Provider of the Year’ at Asia Capital Markets Awards appeared first on ION.

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Putting the ‘Tech’ in Spend Management Techniques

Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!