Month: April 2021

Collections: Customer excuses, payment delays rising dramatically

From CFO Daily News: Customer excuses have been spiking in recent months, especially for small- and mid-sized businesses. And you can thank the coronavirus pandemic for it. A recent survey from the UK uncovered that 59% of businesses say they’re running into more excuses for past-due bills. Specifically, this survey focused on small- and mid-sized businesses and …

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Majority of CFOs indicate lack of global talent strategy will suffocate business growth

From CFO Dive: In a recent global survey by CFO Research and Globalization Partners, 81% of CFOs indicated their company’s long-term growth strategy includes international expansion–either currently ongoing or in their future plans. The survey also uncovered changing perceptions about hiring and remote work because of their pandemic experiences, with 85% of respondents indicating the …

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What CEOs, CFOs are saying about the prospects of higher taxes

From WSJ: Executives at American companies are bracing for higher taxes following the unveiling of President Biden’s $2.3 trillion infrastructure plan, which is proposing to raise the corporate tax rate to 28% from 21%, and increase taxes on companies’ foreign earnings. The proposed tax changes would overhaul or replace much of the international tax structure that …

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Five CFOs and the numbers they are tracking

Which performance indicators are companies keying on this year? Five finance chiefs reveal the metrics encapsulating their strategic goals. From Cfo.com. Which metric does your business’s success hinge on in any given year? It changes depending on a company’s lifecycle, financial state, customer base, market trends, business model shifts, and a slew of other factors. …

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Accounting discretion, corporate governance, and firm performance – what’s the link?

Do self-interested opportunistic managers systematically exploit lax governance structures and abuse accounting discretion allowed under GAAP in a bid to increase their wealth at the expense of shareholders? Or do managers, in general, exercise accounting discretion in an efficient manner consistent with long-run shareholder value maximization? This academic study by Robert M. Bowen and Shivaram …

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Finance departments risk overinvestment in new analytics at the wrong moment – Gartner

From Gartner: Many finance leaders have transformation plans that seek to expand the role of their analytics portfolios, without recognizing the improvement in enterprise-wide access to analytics capabilities that were previously the sole domain of finance, according to Gartner, Inc. This means many finance organizations risk investing in analytics that is already being utilized within …

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Gartner Says Most CFOs Do Not Drive Returns That Exceed the Cost of Capital

CFOs Should Avoid Peer Pressure and Build Cost Strategy Around Differentiating Factors, Not Competitive Trends, says Gartner. Only a third of firms drive returns greater than the cost of capital, according to a Gartner, Inc. analysis of cost structure models. For those organizations built around factors such as unique competitive differentiators they drove a 6% …

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After Wirecard, Germany’s Proposed Audit Overhaul Worries Finance Executives

From WSJ: Proposed legislation calls for higher fines for audit firms and more oversight of regulator BaFin. Auditors and finance chiefs of some of Germany’s biggest businesses are worried that a new regulatory proposal intended to improve audit quality in the wake of the Wirecard AG scandal will lead to higher costs and less competition. …

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Yellen pushes for global minimum corporate tax rate

From CFODive.com: Yellen deplores “a 30-year race to the bottom” in taxation and says a global minimum corporate tax rate would help bolster U.S. competitiveness. U.S. Treasury Secretary Janet Yellen called on Monday for a global minimum corporate tax rate, pledging to work with other countries “to end the pressures of tax competition and corporate …

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