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Enhancing the leadership
potential of today's corporate financial executives |
In this issue |
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cover story
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Prepare for the Financial Statement
Revolution |
" 'This is a complete redefinition of the
financial statements as we know them,' says John Hepp, a former FASB
project manager and now senior manager at Grant Thornton. Some of the
major changes under discussion: reconfiguring the balance sheet and the
income statement to follow the three categories of the cash-flow
statement, requiring companies to report cash flows with the little-used
direct method; and introducing a new reconciliation schedule that would
highlight fair-value changes. Companies will also likely have to report
more about their segments, possibly down to the same level of detail as
they currently report for the consolidated statements. Meanwhile, net
income is slated to disappear completely from GAAP financial statements,
with no obvious replacement for such commonly used metrics as earnings
per share."
Read more.
CFO
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flash file
(hot topics in today's business news)
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finance department |
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Structure, Relationships, Sourcing |
"By addressing these (three)
principles...significant benefits may be achieved in...(the) ability
to manage risk, reduce costs, and partner more effectively with the
business."
Read more.PDF
KPMG
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The Performance Conundrum |
"Why is it that only a few
organizations have...achieved the 'best-in-class' performance levels
desired?" And how do they sustain it once they're there.
Read more.
Business Finance
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healthcare |
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Cost Hikes Predicted at Epidemic Levels |
"[I]n a vast majority of countries,
medical cost increases are outpacing the general rate of
inflation...71 percent...expect higher or significantly higher
medical cost trends over the next 5 years."
Read more.
Watson Wyatt
|
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Are Healthcare Benefits a Thing of the Past? |
"ERISA is working as intended, and
changes to the law could cause some employers to stop offering
health care benefits to their workers."
Read more.
Benefit News
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leadership |
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Put Leadership into Context
|
"In his new book...[Russ] Palmer
describes how today's leaders can adapt to, and succeed in, any
business environment."
Read more.
Knowledge@Wharton
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audit
committee |
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10 Things You Must Do in 2008 |
"The issues covered...from risk
management, to supporting the CFO, to assessing the tone at the
top...should be considered by every audit committee as they develop
their 2008 agendas."
Read more.PDF
KPMG
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tax |
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What's Keeping Execs Up at Night? |
Comprehensive reform is "what the
current business tax structure needs, according to two-thirds of
respondents." Also included are tax executives' top concerns.
Read more.
Miller & Chevalier
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professional development
|
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Spotlight on Corporate Governance, Accounting and Internal Controls
|
March 12 -- Indianapolis, IN
March 14 -- Chicago, IL
Are you tired of talking about Sarbanes-Oxley Section 404 Internal
Control? Do you want to learn how to design, evaluate, and implement
internal controls that not only meet the requirements of Section
404, but also help your company improve corporate accountability?
Hear how you can find value for your company as well as meet the
compliance requirements of today’s complex internal control rules.
Get more information and register.
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About CCFL: |
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career center |
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Senior Financial Analyst
(Louisville, KY)
In this role you will primarily be responsible for
overseeing the operations finance function for our distribution center in
support of fulfillment planning, forecasting, reporting and period-end
accounting close.
Want to work for one of the top 10 ecommerce
companies in the world? While you might not know us, you definitely know our
ecommerce sites and clients. Over 80 retailers, brands, and sports leagues use
GSI commerce for their webstore technology and hire us for our expertise in
helping them grow their businesses. If you have drive and a passion for success,
we want you!
To view more finance and accounting jobs, visit the
CCFL Job Listings. |
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Post Your Resume. Thousands of employers and recruiters
across the country look to CCFL when they need to fill accounting
and finance positions. |
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words to live by:
"I'm a great believer in luck and I find the harder I
work, the more I have of it."
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--
Stephen Leacock |
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Volume
8 No. 4
