From the sources you trust

Stay up to date

LIVING THROUGH LOCKDOWN – THE CFO’S GUIDE

From IAFEI October 2020 Quarterly Bulletin By Jacques van Wyk, CEO of JGL Forensic Services and member of IAFEI Technical Committee Originally, we were told lockdown would last for three weeks. We hang onto that like a drowning man to a flotation device. But it has the lockdown was repeatedly extended – albeit finally with less severe restrictions – we all became obsessed with when we could see a return to our historic normal. Now, almost five months in, we are, ...
READ MORE

DELIVERING A COMPELLING ROI MESSAGE TO CUSTOMERS

The market is saturated with ROI messaging, and most of it is not very convincing, so credibility is key, writes Dave Arkley of Gigamon. From CFO.com While it’s always important to highlight value, in our current environment communicating a strong return-on-investment message to customers is more important than ever. With a shortage of resources and budget, business leaders are responding to major disruptions across their organizations, leading to a constant reevaluation of spending priorities. According to Gartner, worldwide IT spending in 2020 ...
READ MORE

RECOVERY MORE LIKELY TO BE K-SHAPED THAN V-SHAPED

From CFO Daily News: Don’t count on a V-shaped recovery, as many initially predicted. Instead, buckle up — we’re in for a much slower and K-shaped recovery. That’s Moody Analytics’s Chief Economist Dr. Mark Zandi’s take. He recently addressed finance execs at a general session at Financial Executives International’s Corporate Financial Reporting Insights 2020 Virtual Conference. This recession was the shortest in history, Dr. Zandi reminded – just two months compared to the average nine. But it was extremely severe. And while ...
READ MORE

SOME ASTONISHING EXAMPLES OF INTANGIBLE ASSET GROWTH, LIKE ANDREW LLOYD WEBBER

From John Stretch: In 1976 the composer Andrew Lloyd Webber formed the Really Useful Company to monetise the rights to his intellectual works Cats, Evita, Phantom of the Opera and Sunset Boulevard. Ten years later he listed on the London stock exchange at a market value of 35 million pounds. The assets at that time consisted of a West End theatre valued at 2 million pounds, the rights to the compositions, a seven-year contract with Webber, and an insurance policy on his ...
READ MORE

UK COMPANY AUDITS NEED TO IMPROVE, REGULATOR SAYS

From WSJThe Financial Reporting Council found that auditors often fail to provide enough evidence to verify companies’ accounting estimates. Audits of financial statements of Britain’s largest companies need to improve, the U.K. Financial Reporting Council said Thursday. The country’s audit and accounting watchdog in recent months inspected 130 company audits. Most of the businesses are listed on the FTSE 350 index and largely have year-ends between July 2018 and June 2019. Forty-nine, or nearly 38%, required improvements, up from 25% in ...
READ MORE

COVID-19 DRIVES CFO OPTIMISM TO ALL-TIME LOW

From IAFEI October 2020 Quarterly Bulletin By John Graham, D Richard Mead Jr. Family professor of Finance, The Fuqua School on Business, Duke University, and Phillipe Dupuy, Associate Professor, Accounting, Law and Finance, Grenoble Ecole de Management (EM) IAFEI and a group of partners, including Grenoble EM, survey CFOs across the world. For the second quarter of 2020, the survey was running from the 25th of June to the 8th of July 2020. This writeup includes comparisons to results from the ...
READ MORE

CFOS BRACE FOR TRADE TENSIONS, MORE TARIFFS AFTER ELECTION

From WSJ: President Trump expected to rely on tariffs if re-elected while Joe Biden proposes multilateral approach to trade. Finance chiefs are closely tracking how U.S. trade policy could change after the presidential election, potentially leading to higher tariff-related costs and new restrictions on certain products. The winner of the election will have to navigate tensions with China and Mexico as well as determine the course on trade tariffs that can hurt a company’s financial health, disrupting its cash flow and supplies ...
READ MORE

COVID-19 DRIVING RISE IN LOAN PORTABILITY

From CFO Dive: Between the pandemic, election, international trade and low interest rates, it’s a perfect storm for debt to carry with a company to a new owner as a way to speed sales. Loan portability — when loans are transferred from a company to an acquirer — has become more popular in recent years as a way for businesses to make themselves more attractive to potential buyers. The pandemic has accelerated the trend, because companies with a portable capital structure can attract ...
READ MORE

CFOS FACE GROWING DEMANDS AMID CORONAVIRUS

From Accounting Today: CFOs and senior finance executives are dealing with a growing number of responsibilities and demands as a result of the novel coronavirus pandemic, according to a new report. The report, from consulting firm Protiviti, found that the pandemic has been a wake-up call to finance departments that weren’t already investing, or wasn’t investing enough, in cloud-based systems as they have struggled to shift to the remote work environment. Eighty percent of the 1,057 finance leaders surveyed ranked security and ...
READ MORE

ARTIFICIAL INTELLIGENCE PLATFORMS FOR FINANCE AND ADMIN

By Pascal Ballayer, Portugal’s CFOs Association President, and Pascal Adriao, CEO K1 Digital and past MD Accenture From IAFEI October 2020 Quarterly report The prestigious technology innovators magazine have just published the list of the top 50 CEOs worldwide in the field of artificial intelligence. How is AI useful for finance and administration executives? AI is fueling innovation across industries and has been making major steps in the fast paced world of finance and accounting, helping CFO’s and their finance teams optimize ...
READ MORE

SHIFTING TO REVENUE GROWTH FROM MARGIN IMPROVEMENT

From CFODive: CFO Sachin Patel helped healthcare data analytics company Apixio drive a strategy focused on lifetime customer value. AI-assisted healthcare technology company Apixio has shifted from pursuing margin improvement to pursuing revenue growth because of the qualities of its customer base, CFO Sachin Patel said this week in a CFO Thought Leader podcast. The company markets its software, which analyzes data to create healthcare population risk profiles, among other things, to healthcare plans and provider groups, a large but finite universe ...
READ MORE

UK REGULATOR EXHORTS COMPANIES TO STRENGTHEN DISCLOSURE ON LIQUIDITY RISK, REVENUE

From WSJIn its annual review, the Financial Reporting Council found information wanting for 96 companies of the 216 it looked into. The Financial Reporting Council on Wednesday released its annual review on corporate reporting, finding that many UK businesses need to improve their disclosures on accounting issues such as revenue recognition and liquidity risks. The regulator for accounting and audit reviewed the annual reports of 216 U.K. companies; it asked 96 of them for more information or explanation. The review covered ...
READ MORE

MANAGING COSTS IN A DOWNTURN

By Mark Anderson and Dongning Yu, Haskayne School  Business, University of Calgary From the IAFEI 3rd Quarter 2020 report: This paper studies several factors to consider in cost management in a downturn: sticky costs , agency costs, adjustment costs, and future expectations. China’s economy is growing at its slowest pace since the financial crisis, according to CNN business (October 19, 2018). the world’s second-biggest economy grew 6.5% in the third quarter of 2018, which marked the weakest quarterly growth since the ...
READ MORE

SIEMENS CFO RALF THOMAS SAYS GERMANY MUST FIGHT FOR ITS REPUTATION AFTER WIRECARD SCANDAL

Siemens CFO Dr Ralf Thomas spoke to IAFEI Quarterly about the impact of the recent Wirecard scandal on Germany’s reputation as a financial centre. What does the Wirecard scandal mean for Germany as a financial centre? We are all shaken. Wirecard Is a shot for the financial centre. Then comes the question: how could it happen? At this point, I restrained myself with caution, because first of all much work for clarification must be done. And I do hope intensely that all ...
READ MORE

THE WORLD’S PROFITS ARE DETERMINED BY A SINGLE ORGANISATION – AND THE LOBBYISTS ARE CRAWLING ALL OVER IT

From Moneyweb: Accountants have tried for years to find a common language that would allow users of financial statements to make comparisons between companies operating in different parts of the world. In an ideal world, an investor in London would be able to compare the financials of a company in New York with the same surety as one in Tokyo or Lagos. As capital races around the world, those pushing the buttons want a common language to understand whether a profit ...
READ MORE

Are you
podcast
potential?

Tell your story on our
podcast

Follow CFO Talks

CFO Talks

Quick links

Address:
The Workspace at The Club
Cnr Pinaster Avenue and 18th Street
The Club Shopping Centre, Second Floor
Pretoria
South Africa

The Workspace
Melrose Arch
44 Melrose Boulevard
Birnam
Johannesburg
South Africa

Tel. 012-643-1800 |
Email. info@cfotalks.com

Scroll to Top