Thursday, July 2, 2009

    Volume 9 No. 13

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Enhancing the leadership potential of today's corporate financial executives

In this issue

cover story

2020 Vision: What Lies Ahead for the US?

flash file

accounting
FASB Tweaks Fair Value...Again
7/1 Date for Accounting Standards Codification

cost management
Engage Staff to Cut Costs & Avoid Layoffs

employee benefits
No More Free Beer for Molson Retirees

supply chain
Proactive vs Reactive Fixes
Strong Supply Chain Wrestles Weak Economy

tax
R&D Credit Made Simpler
Small Biz, Big Impact

regulars

who's hiring
professional development

words to live by

cover story


2020 Vision: What Lies Ahead for the US?

"The economy will pull out of this downturn as it always does (but)...the environment in which you have to build your fortune and your career will be very different from what you may have expected just a few years ago."

Four big predictions by the year 2020 include:

* "The US will still be top dog, but a smaller one."
* "Your taxes will rise."
* "Unemployment will settle at a higher rate."
* "$2.50 gas will seem like a bargain."

Read more.
BNet

 

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


accounting
FASB Tweaks Fair Value...Again

The latest update "addresses the issue of how investors should ascertain the fair value of their investments for financial statement purposes in...'alternative investment' vehicles." Read more. CFO

7/1 Date for Accounting Standards Codification

Effective for interim and annual periods ending after 9/15/09; "preparers must start using it for periods that begin on or about" 7/1/09. It will supersede all existing non-SEC standards. Read more.
AICPA

cost management
Engage Staff to Cut Costs & Avoid Layoffs

"Here's how one hospital turned the budget over to its employees and reaped a windfall." Read more. Gallup

employee benefits

No More Free Beer for Molson Retirees

"The recession has forced some companies to cut pensions and others to curtail retiree benefits, but Molson Canada is turning off the taps." Read more. Reuters
supply chain
Proactive vs Reactive Fixes

"Some (companies) are using well-established approaches to help predict and stay ahead of risks. Others are choosing to master the art of rapid response." Which is better? Read more. Copyright (c) 2009 Deloitte Development LLC. All rights reserved

Strong Supply Chain Wrestles Weak Economy

"It's not just about lowering costs...it's also about keeping suppliers in play." Read more. INSIGHT

tax
R&D Credit Made Simpler

Proposed legislation encourages "innovation of new technologies and services that will spur economic growth at home and American competitiveness abroad." Read more. Paradigm Partners

Small Biz, Big Impact

"Tax act provisions could mean significant changes for the nation's small businesses." Read more. INSIGHT

professional development


Implementing FIN 48 for Privately-Held Companies

October 2 -- Indianapolis, IN
October 16 -- Chicago, IL
November 3 -- Bloomington, MN

FIN 48: Accounting for Uncertainty in Income Taxes adds new documentation and disclosure requirements on a scale that has not been seen since the passage of the Sarbanes-Oxley Act in 2002. Understand what finance professionals need to know now.

 For more information or to register

 

 

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who's hiring

Land O'Lakes, Inc.
(Arden Hills, MN)
Tax Accountant

Stryker
(Mahwah, NJ)
Senior Accountant

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

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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

"When in doubt, mumble; when in trouble, delegate; when in charge, ponder."

~ James H. Boren

 

Past Issues

Vol. 9 No. 12
JUN 18, 2009

Vol. 9 No. 11
JUN 04, 2009

Vol. 9 No. 10
MAY 21, 2009

Vol. 9 No. 09
MAY 7, 2009

Vol. 9 No. 08
APR 23, 2009