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TOPICS / MANAGEMENT ACCOUNTING

Why a CFO needs to wear two hats

A finance leader at Yelp explains “the two hats of the CFO” and some of the ways finance can be more of a value partner for business.

AI presents opportunities for cost optimization in manufacturing

Artificial intelligence and machine learning can drive more efficient operations and more effective growth for manufacturers. Here’s how the technology is being used to monitor for defects, schedule preventive maintenance and improve forecasting accuracy.

Analyzing liquidity using the cash conversion cycle

A good assessment of a company’s liquidity is important because a decline in liquidity leads to a greater risk of bankruptcy. FASB describes liquidity as reflecting “an asset’s or liability’s nearness to cash” (Statement of Financial Accounting Concepts No. 5, Recognition and Measurement in Financial Statements of Business Enterprises). Creditors

Treasury basics for an overseas expansion

Understanding regulatory requirements and standard operating procedures in international locations is essential for domestic corporations expanding into overseas markets. The following tips, compiled by Wells Fargo’s international banking division, can help companies establish an effective global treasury policy:  Consult with key advisers early. Draft the overall scope and plan for

Three common currency-adjustment pitfalls

Although the rules on accounting for foreign-currency translations have not changed in many years, mistakes in this area persist. Such mistakes can result in misstatements in financial reporting, hurting the bottom line, creating false understandings of business results, and exposing companies to possible regulatory scrutiny. A key factor raising the

How to Manage Fluctuations in Foreign Currency Rates

Managing the P&L and cash flow impacts related to foreign exchange exposures can appear daunting. The following steps, while not all-inclusive, make this task easier: —By Pam Heye, CPA, (pam.heye@bluewin.ch) a treasury management expert based in Raleigh, N.C.     Sample Foreign Currency Management Policy Foreign currency management policies, including

FROM THIS MONTH'S ISSUE

Building a better CPA firm: Stepping up service offerings

A key step in business model modernization is determining how to implement services that satisfy clients and employees.