Thursday, December 18, 2008

Volume 8 No. 24

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Wishing you a joyous holiday season and a successful 2009!

Enhancing the leadership potential of today's corporate financial executives

In this issue

cover story

Economies Around the World at Fault for Current Crisis

flash file

accounting
Volker Brings Accounting Issues Front and Center

Give the New FASB Codification a Whirl

career
Counter a Lowball Offer

accounting profession
Economic Crisis Raises CFO Salaries

Troubled Times Boost Accounting Image

customer profitability
Which Customers are Worth Keeping?

economy
5 Ways to Make it Through the Recession

Finance Execs Gloomy About the Future
 

regulars

who's hiring
professional development

words to live by

cover story


Economies Around the World at Fault for Current Crisis

"[M]arkets in Bangkok are being affected by investment decisions made in Boise. Swings in the Dow may be related to trades originating in Dubai, or Dublin, or Dakar. The most recent and visible proof of this interdependence, of course, is the financial crisis that has swept the world's economies. We now know that while the trigger for the events of recent months was the meltdown of the U.S. mortgage market, what is underway is not simply an American contagion. The evidence is indisputable that the deeper roots of the crisis were entwined in scores of economies around the world. There was a real estate bubble not only in the U.S. but also in nations throughout Europe and the rest of the world -- from Ireland, to Spain, to the Baltics and even India." Read more.  SEC

 

flash file (hot topics in today's business news)


accounting
Volker Brings Accounting Issues Front and Center

Paul Volker helped to create the IASB and reform Arthur Andersen after Enron-both "highly relevant in the midst of a financial collapse...widely blamed on accounting rules." Read more. CFO

Give the New FASB Codification a Whirl

"[T]he codification will become the single source of authoritative U.S. accounting standards for nongovernmental entities." Learn about the codification structure and Web-based research system." Read more. Journal of Accountancy

career
Counter a Lowball Offer

"Rather than immediately reject or accept a lowball deal, you should mount a careful counterattack," such as a request for "faster pay review (or) extra perquisites." Read more. Career Journal

accounting profession

Economic Crisis Raises CFO Salaries

"The median compensation for finance chiefs in the S&P 500 rose 5.2% to $2.9 million last year, including salary, bonuses, the value of equity grants and other compensation." Read more. Wall Street Journal

Troubled Times Boost Accounting Image

"The economy may be down but the profile of accountants has risen, says a new survey." Read more. CFO

customer profitability
Which Customers are Worth Keeping?

"Everyone knows that some customers are more profitable than others. Conversely, some are downright unprofitable. Knowing which is which is the all-important question." Read more. Journal of Accountancy

economy
5 Ways to Make it Through the Recession

"A new report lists five actions...every business should take right now to ensure safe passage through the storm." Read more. Business + Finance

Finance Execs Gloomy About the Future

"For the first time in 2008, pessimists outnumbered optimists when it came to questions about prospects for their own organizations." Read more. AICPA

professional development


Controllers Conference
The Changing World of Corporate Finance: Are You Ready?

March 17 -- Rosemont, IL
March 20 -- Indianapolis, IN
March 30 -- Dallas, TX

Featuring innovative sessions on:

  • Economic Outlook for 2009
  • International Financial Reporting Standards
  • Accounting Update for Corporate Finance Professionals
  • Forecasting · Green Business Practices
  • Engaging Your Talent to Drive Growth and Innovation
  • Customer Profitability
  • Top Technologies for Corporate Finance

For more information or to register

 

 

 

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who's hiring

Sr. Operations Analyst
Wolters Kluwer
Minneapolis, MN

Chief Financial Officer
Monongalia Health System
Morgantown, WV

Finance Manager
API Software, Inc.
Hartford, WI

To view more finance and accounting jobs, visit the  CCFL Job Listings.

Post Your Resume. Thousands of employers and recruiters across the country look to CCFL when they need to fill accounting and finance positions.

Find a Career Coach Have you been downsized and don't know what to do next? Are you unhappy in your current job? Do you need help with your resume? Are you actively looking for a job but getting nowhere? A career coach can help. Learn more and find a coach.

 

words to live by

"We are what we repeatedly do. Excellence, then, is not an act, but a habit."

 Aristotle

 

Past Issues

Vol. 8 No. 23
DEC 04, 2008

Vol. 8 No. 22
NOV 20, 2008

Vol. 8 No. 21
NOV 06, 2008

Vol. 8 No. 20
OCT 23, 2008

Vol. 8 No. 19
OCT 03, 2008