At the June 18 meeting of the Financial Accounting Standards Board’s Emerging Issues Taskforce, officials from the Securities and Exchange Commission offered clarification on how companies should account for the costs of issuing debt.
Risk management activities managed separately from corporate policies leads to inevitable failure. Without an integrated approach to risk management and policy management the organization has no follow-through.
Ensuring liquidity at all times is the major task of any treasury and finance group. This not only requires an accurate and daily cash position over the whole group but also a cash flow forecast that shows future liquidity.
Making the financial planning and analysis function responsible for centralized analytics leverages the full potential of available data. It leads to ongoing insights generation and efficient planning processes, while transforming the finance role into a value-generator and key decision maker.
Job seeking treasury and finance professionals have surely noticed that it’s become more difficult to land a new position in the current environment. While there are many reasons for this, an important thing to consider is how the hiring process itself has changed over the past several years.
This month, Futures in Finance recaps a session at AFP's latest Treasury Advisory Group (TAG) meeting, in which practitioners discussed whether more universities should adopt treasury curriculums. Also this month, we look at whether the stronger dollar should have an impact on treasurers' compensation, and more.
Lu Ann Katz, managing director, head of global liquidity for Invesco, provided treasury professionals at the CTC Corporate Treasurers Forum with an overview of how the current interest rate and regulatory environment is reshaping the investment world.
The latest meeting of the London FP&A Club looked at seven models professionals can use to better manage their corporate’s performance.
If you are one of those FP&A professionals creaking under this strain, and want to be sure you can hold up, assess yourself against these five key attributes.
Many treasury and finance professionals have questions about complying with FBAR—and the filing deadline is June 30. Because there is still a great deal of confusion on several aspects of the regulation, AFP staff and several corporate practitioner members spoke with regulators from FinCEN and asked specific compliance related questions.
Companies continue to accumulate cheap debt at the cost of working capital—a short-term tactic that might hurt long-term financial strategy, a new study warns. "Corporate debt continues to skyrocket as companies do little to generate cash by optimizing collections, payables and inventory,” the report states.
Autoneum’s treasury department faced several challenges in regards to transparency over liquidity, payment transactions and payment execution. Autoneum had more than 100 bank accounts globally across the legal units and over 45 bank relationships.
Currency volatility took a $31.7 billion bite out of the earnings of American and European multinationals in the first quarter of 2015. The magnitude of the hit raises questions about how the impact of currency fluctuations should affect compensation of corporate executives.
In the latest video from AFP's In-Depth series, BC Krishna, founder and CEO of MineralTree Inc., discusses the B2B directory, which treasurers can use as an address book for making electronic payments.
Same Day ACH is a net positive development for treasury and finance since this is a faster payment option. But there are concerns.
Financial planning and analysis (FP&A) continues to gain visibility as a vital function to the business. At an FP&A forum held by AFP last week, practitioners weighed in on FP&A’s growing prominence and assessed its value to the organization.
This month, security experts give advice on how financial professionals can help their organizations avoid data breaches, retailers discuss the value of adopting EMV, we look at how proposed SEPA changes could improve cash forecasting, and more.
The impact of currency volatility on corporate earnings and revenue was at its highest level in years in the first quarter of 2015, rising to $31.7 billion for North American and European companies from $20.2 billion in the fourth quarter, according to a new study.
Cybersecurity is no longer just IT’s problem. Protecting the organization against cyberattacks is now the entire management team’s responsibility—including treasury and finance.
Treasurers have expressed difficulty finding young talent that they can mold into the top treasury professionals of tomorrow. Many say the crux of the problem is that college business programs do very little to prepare young professionals for careers in treasury. Would a treasury curriculum solve the problem?
Companies have been reshaping their ERM efforts, with an emphasis on linking risk to strategy in order to ensure strategic business decisions are made with risk factors in mind. And more and more, treasurers are the ones leading the ERM efforts within their organizations.
New York City faced a daunting task: how to integrate and streamline a hodgepodge of antiquated billing and collections systems and move into the digital age. Today, a single modern shared service center environment is responsible for the city's 36 agencies.
Retail treasury professionals who gathered for the 2015 AFP Retail Roundtable expressed widespread apprehension about adopting EMV. Though the EMV liability shift kicks in soon, leaving them on the hook for security breaches, many retailers are unconvinced that implementing the solution is necessary.
The latest meeting of AFP’s Treasury Advisory Group began this week with a discussion on electronic bank account management (eBAM). Although the idea of eBAM has been floated around for a while, the future of the initiative is unclear at best—leaving corporate treasurers to ponder how much they actually want or need it.
Making meaningful changes to an organization’s financial performance requires more than a cursory fine-tuning of your cost base. There needs to be a significant cultural shift in the way costs are managed.
News broke last week of another major data breach—this time against the federal government. AFP compiled four best practices for corporate treasury and finance professionals to help their organizations avoid similar incidents.
The treasury units at many multinational corporations (MNCs) are evolving to include in-house banks, treasury centers and other functions often supported by treasury management systems (TMS). If those systems are chosen poorly, however, the adverse impact can be felt well beyond treasury.
We all know the moment: Your CFO or CEO calls you into the office, takes a deep breath, and announces that the acquisition target said “yes”. All you need to do is find the money to pay for it.
When Giovanni Edwards attended his first AFP Annual Conference last November, he wasn’t expecting was, as he put it, “Comic-Con for financial professionals.”
In the latest edition of AFP's In-Depth series, Nicole Meyer, founder and managing partner of the Meyer Partnership, discusses what employers are looking for when they see a resume.
During a special event at Microsoft’s Cybercrime Center, Richard Boscovich, assistant general counsel of Microsoft's Digital Crimes Unit, warned corporate treasury and finance professionals to be on the lookout for “stealth” attacks.
The recent surge in cyberattacks is not merely a spike in a particular method of crime. What we are currently witnessing is the evolution of crime itself, and treasury and finance professionals need to be ready for it.
This month, we recap the AFP FP&A Leadership Summit, underwritten by Tidemark, which was held in Amsterdam.
Making SDDs more available and easier to facilitate provides a great opportunity to move more of a corporate's payments over to a recurring direct debit format. This will, in turn, make cash forecasting more predictable and accurate.
Susan Hauser, corporate vice president, enterprise and partner group for Microsoft, provided insights on how corporate treasurers, CFOs and boards can work closer with IT.
Recently on AFP’s discussion board corporate treasury and finance professionals discussed Foreign Bank Account Reporting signature authority.
In recent years, treasury has been facing a virtual onslaught of new federal regulations affecting everything from liquidity to risk to bank account and relationship management. Among these regulations are FBAR, FATCA, and rules governing swaps under Dodd-Frank.
As treasurers’ responsibilities continue to grow, they need the best technology available to stay ahead. Last week during the opening general session of the CTC Corporate Treasurers Forum, practitioners provided insights into how their functions have undergone a rapid evolution in recent years.
One of the biggest challenges for treasurers is identifying the best way to respond to the many proposed and new regulations around the world. Whereas best practice might dictate a proactive response to each new regulation, practicalities dictate otherwise.
China’s tax system is still at the development stage, and there are a lot of gray areas and inconsistencies in the tax regulations. So what can treasury and finance professionals do -- especially if they must manage their firm’s China treasury and finance operations from afar?