Blog Entries tagged 'Finance' Blog Entries tagged 'Finance' Mon, 28 Jan 2013 02:33:16 +0100 FeedCreator 1.7.2 CFOs lukewarm about adding to staff

Chief financial officers are an optimistic group these days.

While a slew of recent economic indicators seem to point to a slower growing economy, 90 percent of the finance executives are confident about their companies third quarter growth, according to the latest quarterly survey by Robert Half. What's more, 43 percent say they are very confident.

However, this optimism probably won't result in a surge in hiring of accounting and finance workers. Just 7 percent o [...] Sun, 05 Feb 2012 23:00:00 +0100 Robert Half Finance Careers/Management accounting and finance jobs accountants CFOs lower plans to boost finance, accounting jobs

Here is yet another reminder that job growth will continue to be slow for a period of time.

A survey by Robert Half found that an equal percentage of chief financial officers expect to boost hiring full-time accounting and finance professionals as those who plan to reduce their job ranks.

Just seven percent anticipate adding to their staff, offsetting the 7 percent that plan personnel reductions.

More significantly, Robert Half says this net 0 percent projection i [...] Tue, 13 Sep 2011 23:00:00 +0100 Robert Half hiring Finance CFOs CFO Careers/Management Accounting Accounting, finance workers itching to change jobs

Employers beware: Your accounting and finance employees are becoming restless.

A growing number are confident about their job security and plan to look for a new job. These are among the findings from the latest quarterly survey commissioned by The Mergis Group, a professional placement division of SFN Group.

More than three-fourths (78 percent) of accounting and finance workers are confident in their job security, as compared to 74 percent reporting confidence the third q [...] Mon, 17 Jan 2011 23:00:00 +0100 The Mergis Group Finance Careers/Management Accounting SBA guarantees get easier

Two new programs out from the Small Business Administration (SBA) promise easier loan access for US companies, which is good news for the many small firms that have struggled to get funding from banks over the past few years.

The first program is called Small Loan Advantage, and its main goal is to reduce the paperwork involved in getting loan approval and decrease the wait-time from application to money receipt.

Through the program, approved lenders in the SBA's 7(a) le [...] Wed, 15 Dec 2010 23:00:00 +0100 Small Business Adminstration SBA Finance Cash Where are VC dollars going?

Venture capital investment may be declining, but not for start-ups. Early stage financings continue to hold the imagination of VC investors, according to a new report out by PricewaterhouseCoopers (PWC) and the National Venture Capital Association (NVCA).

The report provides an update on venture capital investing in the third quarter of the year, and put investment activity at $4.8 billion in VC dollars spent on 780 deals over the quarter. This is a pretty significant decline from [...] Thu, 09 Dec 2010 23:00:00 +0100 venture capital Technology Finance Cash A new way to value M&A?

With US M&A still going strong both domestically and internationally, bias inherent in traditional valuation methods can lead to incorrect assumptions. Hence it is time to take a new approach to valuation. Or so say the authors of a new M&A methodology out in the Harvard Business Review.

Alexander van Putten— principal at Cameron & Associates and affiliate faculty member at the University of Pennsylvania's Wharton Business [...] Wed, 01 Dec 2010 23:00:00 +0100 valuation model mergers and acquisitions Finance Deals Google apps target small business

It may not be as sexy as the latest iPhone or iPad apps, but Google is reaching out to small businesses with a new range of finance and management apps geared specifically at SMEs, and have promised to launch new small company tools each Tuesday.

In its first release, companies can take advantage of accounting and finance app Outright, which provides automated data gathering from various external sources, such as banks and payments service provider [...] Mon, 29 Nov 2010 23:00:00 +0100 work flow Technology small business Finance compliance Accounting Export credit changes could affect small airlines

Potential changes to aircraft export credit rules worldwide, under a review by the OECD, could have a big impact on smaller air carriers, according to some airline industry executives. However, others say that changes must be made for a truly competitive landscape to exist.

The review, by the OECD’s aviation working group, Participants to the Sector Understanding on Export Credits for Civil Aircraft (the ASU), will be completed by year-end&md [...] Sun, 28 Nov 2010 23:00:00 +0100 Ryanair Finance export credit agency export credit Emirates Cash airline Managing the perils of hoarding excess cash

A recent piece of research by academics Nils Backhaus and Luc Soenen looking at how to determine if a company is holding excess cash and what the impact is of that, which appears here on AFPOnline, made a very good case for some of the potential pitfalls that companies face when retaining extra cash.

Given the tremendous focus by much of the US business sector on stockpiling cash in recent years, understanding not just the benefits, but a [...] Tue, 16 Nov 2010 23:00:00 +0100 Finance corporate governance control CFO cash management Cash AFP Women entrepreneurs showcase their talents

This will be quite a week for women entrepreneurs. Not only is the first-ever gathering of East coast-West coast women entrepreneurs—and potential start-up investors—happening in Silicon Valley, but there are also events worldwide for women—and men—during Global Entrepreneurship Week.

Such events are critical for encouraging women to seek out financing and partnerships for growing their small businesses or business ideas. Wed, 10 Nov 2010 23:00:00 +0100 venture capital startups silicon valley Finance Cash Careers/Management
Tech Tuesdays (November 9)

Deutsche Bank has launched a web-based trade finance tool for trade guarantee management. The syndicated guarantee management tool allows companies, syndication banks, and agents to access information on guarantee transactions and capture instructions in real-time, and automate information transfer.

It includes extensive reporting functions, customization, and is fully integrated with Deutsche Bank’s other corporate client solutions. Mon, 08 Nov 2010 23:00:00 +0100 trade finance Technology SAP JP Morgan Treasury Services Finance Deutsche Bank Cash Blackberry Goldman Sachs' Small Businesses initiative leaves questions unanswered

Goldman Sachs has announced a partnership with small-business and microfinance developer Opportunity Finance Network to launch the 10,000 Small Businesses CDFI Small Business Financing Initiative.

Opportunity Finance Network is an organization supporting community development financial institutions (CDFIs) that provide small and micro businesses in the US with development loans—in particular for low-wealth and low-income individuals and compa [...] Thu, 04 Nov 2010 23:00:00 +0100 small business lending small business Finance Cash Accounting, finance starting pay to rise 3.1 percent

The unemployment rate may be stubbornly stuck above 9 percent and workers in most professions are afraid to ask for raises and feel like they are doing a lot more for the same pay.

However, this is not the case with accounting and finance professionals. According to Robert Half International's 2011 Salary Guide, starting salaries in these fields are expected to rise an average of 3.1 percent in the coming year. Business analysts, tax accountants and financial analysts are amon [...] Mon, 11 Oct 2010 23:00:00 +0100 tax services senior managers tax accounting managers senior tax accountants Senior financial analysts Senior compliance analysts senior auditors senior auditors salary Robert Half financial analysis managers Finance careers career/management business analysis managers Accounting UK mulls new solution to boost small business

It has been reported that UK banks are in the process of setting up a pooled investment fund that would extend private equity finance to UK small businesses. The scheme is being overseen by the British Bankers Association and is understood to include most of the UK retail banking behemoths, such as RBS, Lloyds TSB, Barclays and HBOS.

The final details of the scheme are likely to come out in the next 10 days or so. But initial reports suggest that the fund could be up to £25 [...] Tue, 05 Oct 2010 23:00:00 +0100 Finance My mea culpa over the May 6 market glitch

I owe former Securities and Exchange Commission chairman Arthur Levitt a sincere apology as a result of last week's stock market glitch.

It seems increasingly clear that electronic trading systems are to blame for the mysterious 1,000 point intra-day dive. And as Floyd Norris thoroughly explains today, their dominance reflects a decision to replace human, market-making specialists with technology.

The reason I'm offering a mea culpa here is that I criticized Levitt fo [...] Thu, 13 May 2010 23:00:00 +0100 Trading stock market Securities and Exchange Commission Risk Regulation Mary Schapiro Finance dark pools cost reduction cost of capital compliance Capital Banks banking industry Turning accountants into the new breed of CFOs

Submitted by Adrienne Gonzalez, republished from Going Concern, Accounting News for Accountants and CFOs.

Let's face it, accountants aren't often featured as heroes in action flicks or romantic leads in love stories. And they're pretty much ignored by the media unless it involves blame and/or complicated financial rules that are just barely an accounting matter (accountants did not securitize every loan nor did some nefarious squad of beancounters dream [...] Mon, 12 Apr 2010 23:00:00 +0100 professional development Finance CFOs career/management accountants GM’s finance operations not as bad as you’d think, new CFO says

Back in October, former auto czar Steve Rattner wrote in Fortune that General Motors had "perhaps the weakest finance operation any of us had ever seen in a major company."

That left those of us at CFOZone wondering who would have the stomach to handle that kind of turnaround. Enter ex-Microsoft CFO Chris Liddell in December.

So what did the 51-year-old and native New Zealander find?

"The financial organization here is not as bad as it [...] Wed, 17 Mar 2010 23:00:00 +0100 turnaround General Motors Finance CFO Careers/Management Another reason to limit banks' size

That big, dominant banks stifle competition seems like an obvious point, but I haven't heard it made until now, despite on-going arguments over the benefits and risks posed by such bank.

Proponents of big, global banks such as Charles Caloramis have insisted that they offer economies of scale that are passed along to multinational corporate customers.

But if that's the case, why are banks' share of profits outpacing those of non-financial corporations? The inescapable [...] Thu, 26 Nov 2009 23:00:00 +0100 Risk Regulation Finance Banks Dubai's default should come as no surprise

UBS analysts describe the possibility that the government of Dubai will default on the debts of its conglomerate, Dubai World, as a "great shock" to investors.

But it's not as if it wasn't widely reported more than six months ago that workers were fleeing the emirate as its absurdly inflated property bubble went bust. And the Economist noted several weeks ago that the emirate was struggling to float bonds to pay interest to banks on debt that totaled some $80 bill [...] Thu, 26 Nov 2009 23:00:00 +0100 Risk Madoff Finance bonds Banks bankruptcy GM’s finance department problem

Earlier this week, former car czar Steve Rattner published his account of the auto bailout in Fortune magazine.

Considering the fact that Detroit is still in a lot of disarray, I'm not exactly sure if this was intended to be bragging. But, really, it's difficult to see how it's going to help any of the automakers. In particular, General Motors comes out looking bad. I mean, even worse than you'd expect, which is saying something.

Rattner wrote: &qu [...] Thu, 22 Oct 2009 23:00:00 +0100 management General Motors Finance bailout