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Capital Allocation: How to Emerge From the Pandemic In a Stronger Position

From CFO.com: CFOs have to balance unforeseen COVID-driven capital issues with the need for investment that drives long-term value creation. COVID-19 has turned many industries upside down. Suddenly, high-performing companies have become cash-constrained during the pandemic while historically low-growth companies are selling out product and are flush with cash. For CFOs on bot ...

Startup CFOs Get Some Help From Counterparts at Venture Funds

From WSJ: Venture finance chiefs are providing guidance to executives at portfolio companies dealing with pandemic-related stresses. Finance chiefs at some startups are turning to their venture-fund counterparts for guidance during the coronavirus pandemic, which for some executives triggered the first economic crisis in their professional lives. Chief financial officers and ...

The role of the CFO in the modern board

By Anastasios Rodopoulos, IAFEI Area President for Europe and the Middle East. From IAFEI Quarterly Bulletin June 2020.  The tone has got to come from the top , from the CEO and the board general guidelines. But if that isn't happening the next person down and probably the only person who can influence the CEO is the CFO. There are 9 main sections that a CFO has a great infl ...

Management accounting innovation drives corporate strategic transition at Haier Group in China

By Lixia Tan, executive vice president and CFO of Haier Group. From IAFEI Quarterly Bulletin June 2020 In the rapidly changing era of the Internet, the Haier Group is dedicated to transforming itself from a traditional home appliance manufacturer to an entrepreneurial incubator, and striving to build a platform-based entrepreneurial ecosystem. This article discusses the contin ...

Ask 4 questions to identify Finance’s biggest inefficiencies

From CFO Daily News: Amid the daily grind, it’s easy for finance staffers to fall into certain routines. They may push through inefficiencies and forget to think about improvement. Plus, given the pandemic, staffers may be more focused on getting things done and slapping on Band-Aids rather than closely assessing problems and finding long-term fixes. But as companies forge on ...

The role of finance executives in promoting ethical commerce - a Namibian perspective

By Lehana Nel, Forensic Accountant @ Nel Agri-Accountant & Forensic services / TS Advisory Namibia A while back, I visited our local retail grocery shop again for our monthly list of items. At the fruit and vegetable section, a price tag for pawpaw’s caught my eye. I picked up the fruit, went to the lady at the weighing station to make sure that the price is correct. She a ...

Companies Adjust Earnings for Covid-19 Costs, but Are They Still a One-Time Expense?

From WSJ: Finance chiefs and investors are trying to figure out how to account for coronavirus-related expenses as the pandemic transforms how companies operate in ways that may become a permanent cost of doing business. Businesses have spent billions of dollars on personal protective equipment, such as masks and gloves, to keep their operations running since March. Many have ...

Companies see 'fresh-start' accounting as way to improve post-bankruptcy odds

As the pandemic sends companies into bankruptcy, CFOs consider a reorganizational approach that creates a new entity with a new set of books. From CFO Dive. Coronavirus-induced Chapter 11 bankruptcies are putting the spotlight on a way to help failed companies get a fresh start. As the pandemic took hold in the second quarter, Chapter 11 filings surged by double digits, report ...

Harvard CFO Thomas Hollister on what Covid means for elite education

From the Harvard Gazette: The COVID-19 pandemic continues to create financial challenges for colleges and universities across the country, including Harvard, which has forecast significant revenue shortfalls for fiscal years 2020 and 2021. Since the onset of the outbreak, the Gazette has periodically checked in with Thomas J. Hollister, Harvard’s vice president for finance and ...

Why the CFO is now digital transformation’s biggest ally

From ITWeb: The classic picture of a chief financial officer is that of a historian. This is CFO 1.0, a financial professional who isn't taking much advantage of modern digital tools and simply uses software for record-keeping. There is a perception that pretty much all CFOs fall into this category. Yet new research from Sage and World Wide Worx challenges that notion, said Wo ...

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