The on-going debate about the pros and cons of market-value accounting rules got louder last week after American International Group (AIG) reported a Q4 loss of $5.29 billion on the heels of an $11.12 billion pre-tax write-down on the value of mortgage-related investments.
Interest in global accounting standards is on the rise among finance pros, though many fret about the cost and complexity of conversion from U.S. GAAP.
Barcodes for financial reports? Authors Peter Weverka and Wilson S. So explain the basics and the benefits of eXtensible business reporting language in a new book.
CFOs can play a key role in developing a realistic, risk-aware performance management strategy to help their organization neutralize threats, exploit opportunities, and avoid nasty surprises.
After serving nearly ten years as our nation's chief auditor, the U.S. Comptroller General recently resigned to meet an objective the public sector had long denied him.
Hardly a day goes by when the financial news does not include a report on the impact of some complex instrument or tricky multi-level transaction on a company's financial health. Billions of dollars swing in the balance, tossed about even more by a combination of market forces and emerging valuation techniques.
Your company stands a better chance of gaining ground on the competition during a downturn than when times are good. Preparing for the bad times is a strategic imperative, especially for your finance organization.
CFOs have been trying for years to chop back the time they need to complete the financial closing and reporting cycle, but by and large the results have been disappointing.
Companies' financial close and external reporting processes are time-consuming, poorly controlled, and error-prone. New technologies and emerging best practices can help.
Few CFOs have blazed a career path as varied and as rich with experiences as Dave Martin, CFO of Dimensional Fund Advisors. Here Martin recounts the hard lessons that come only from navigating finance organizations through the ups and downs of economic cycles.