Articles

The SEC's decision whether to move the U.S. financial sector to IFRS will come

SEC to Decide on IFRS in Weeks or Days

At a recent CFO networking conference hosted by the Wall Street Journal, Hans Hoogervorst, head of the International Accounting Standards Board, expressed his confidence that the Securities and Exchange Commission would soon embrace International Financial...
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The new Greek financial minister resigned just days after his appointment due

Greek Finance Minister Resigns Over Health

The Greek financial crisis deepened recently, but not as the result of any economic development. Rather, the country's new financial minister was forced to resign after being rushed to the hospital for health reasons, according to The Associated Press....
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A recent survey conducted by Job search engine OneWire polled finance industry professionals, and asked for their perception of the field and if they would advise recent grads to go into their field, according to a statement.

Professionals school grads on finance jobs in recent survey

A recent survey conducted by Job search engine OneWire polled finance industry professionals, and asked for their perception of the field and if they would advise recent grads to go into their field, according to a statement. OneWire's May 2012 candidate...
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Here are some financial planning pitfalls to avoid.

Top Pitfalls of Financial Planning

While there are a wide variety of resources available to companies to help with the financial planning process, there are still several pitfalls that can trip up even the most experienced CFO or financial analyst. Here are some of the most common. Finance...
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Basics-of-Hedge-Accounting

Basics of Hedge Accounting

What you need to know about hedge effectiveness testing, credit value adjustments and the latest regulations, prepared by KPMG LLP (Canada). Organizations are exposed to interest rate and foreign exchange risks that give rise to income volatility. As a...
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In a recent webinar called "Key Elements of a Successful Hedge Program" that w

How To Run An Effective Hedge Program

During a recent webinar , "Key Elements of a Successful Hedge Program", delivered by Proformative, chief executive John Kogan outlined the various components of an effective hedging program. The session utilized presentations created by Hedge...
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Oil Prices Drops on Global Uncertainty

Oil Prices Drops on Global Uncertainty

Oil prices have continued to fall amid uncertainty in the global market.  Economic slowdowns in China and the U.S. have reduced demand for oil as Europe continues to struggle with its long-term debt. "Another round of European sovereign debt issues...
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The dairy industry may soon have access to new risk management tools.

Risk Management for Dairy Industry Passes Senate

All industries can benefit from risk management initiatives, whether initiated by individual companies, trade organizations or government policies. Recently, the U.S. Senate passed a five-year farm bill that includes an entirely new approach to risk...
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New financial reporting standards could make Ireland more attractive for inves

New Financial Reporting Standards Could Improve Outlook for Ireland

With the exception of Greece, Ireland has been hit perhaps hardest of all the European countries during the most recent wave of economic turmoil. While there is no silver bullet to fix Ireland's - or any country's - economy, new accounting standards...
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Pension funds will show bigger liabilities under new accounting and reporting

Public Pension Reporting Rules to Change Dramatically

Financial reporting standards for public pensions in the United States are set to change dramatically following a recent vote from the Governmental Accounting Standards Board, according to Reuters. For some states, shortfalls in pension reports will appear...
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New auditing standards would allow auditors to comment directly in their repor

Auditing Standards Poised for Change

IIn an ongoing effort to improve audit reporting, the International Auditing and Assurance Standards Board has introduced a proposal to enhance the impact of the auditor's report on financial statements. The key proposal in IAASB's "Invitation to...
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The 401(k) account benefits offered by employers in the Bay Area have been exp

Bay Area Employers Increasing Offerings Of 401(k)s, Says Report

The 401(k) account benefits offered by employers in the Bay Area have been expanding recently, according to a report produced by tax and accounting firm Mohler, Nixon & Williams. The document, which is titled "2012 Northern California 401(k) Plan...
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If IFRS were implemented today, 30 percent of insurance accountants would be u

Insurance accountants unprepared for IFRS, survey finds

A new survey indicates many accounting and financial professionals in the insurance industry may not be ready for changing accounting standards. The second annual Financial Regulatory Survey from insurance technology firm StoneRiver found that, while half of...
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An analysis from auditing firm PricewaterhouseCoopers found some interesting t

New accounting standard led to confusing reports, PwC finds

International auditing firm PricewaterhouseCoopers has discovered some strange information tucked away in the first quarter financial reports of companies that recently adopted new fair value accounting standards, according to Compliance Week. PwC didn't...
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Cloud-financials-building-a-business-case-for-CFOs

Cloud Financials: Building a Business Case for CFOs

CFOs may be the last of the C-level executives to jump onto the cloud. While some concerns have lingered, that uncertainty is eroding, and CFOs are increasingly turning to cloud computing to help them transform the finance function. While much of this...
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