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WEB43% of finance and sales leaders say sales forecasts are at least 10% off. Barriers to accuracy could be lessened through better collaboration between sales and finance. CFO.com provides essential analysis and expert advice for Chief Financial Officers to tackle organizational challenges, manage major risks, drive organizational value, and ...
5 Common Misconceptions About the Chapter 11 Bankruptcy …
WEBJul 8, 2020 · Here are five of the most common misconceptions about Chapter 11 bankruptcy: Bankruptcy means going out of business. Just because a business files for bankruptcy does not mean it is going out of business. While a Chapter 7 business bankruptcy filing involves liquidation, Chapter 11 allows a business to restructure its debts and remain in operation.
Metric of the Month: Accounts Payable Cost - CFO
WEBFeb 5, 2018 · The total cost to process accounts payable includes labor, systems, outsourcing, overhead, and other AP process costs. This metric is calculated by dividing the total cost to process AP by the total number of invoices processed by the business entity. Of the 1,485 organizations reporting data on this measure to …
Duff & Phelps Expands Globally With Kroll Buy - CFO
WEBMar 14, 2018 · Corporate-finance adviser Duff & Phelps has agreed to acquire investigations firm Kroll Inc. in a move to expand its portfolio of services and global reach. The combined organization will have nearly 3,500 employees located in 28 countries around the world, offering services in valuation, corporate …
20 Large Companies Filed for Chapter 11 Bankruptcy in First Half …
WEBSep 7, 2022 · Only 20 U.S. companies filed Chapter 11 in the first six months of 2022 (among companies with over $100 million in assets), the lowest midyear total since 2014, according to data released Wednesday by Cornerstone Research. The total was also less than half the number recorded in the first half of 2021 (43) and one-quarter of …
The SEC Rules on Auditor Independence - CFO
WEBNov 15, 2000 · The SEC Rules on Auditor Independence. The Securities and Exchange Commission today voted unanimously to revamp regulations governing audit firms and the standards by which the independence of their work is to be judged. While the regulations are more stringent than the 18-year-old rules they replace, the …
First Person: Andy Fastow and Me - CFO
WEBApr 24, 2019 · First Person: Andy Fastow and Me. Published April 24, 2019. By Russ Banham. CFO Editorial Staff. Twenty years ago, CFO gave Enron finance chief Andrew S. Fastow a CFO Excellence Award in the category of “capital structure management.”. In a feature story naming him an award recipient, Fastow said, “Our story is one of a kind.”.
Finance Employee Defrauded for $25M by Deepfake CFO
WEBFeb 5, 2024 · During a company video call, a Hong Kong-based finance employee at an unnamed multinational firm was defrauded into paying out over $200 million Hong Kong dollars — approximately $25.6 million USD — through the use of “deepfake” technology. As originally reported by CNN, the fraudster created a digitally manipulated impression of the ...
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5 Ways CFOs Can Transform Finance Operations | CFO
WEBMar 19, 2024 · Here are five approaches CFOs can use to lead business transformation. 1. Strategic Finance as a Catalyst for Growth. CFOs are positioned to play a key role in facilitating change. When integrated with the broader business, strategic finance functions can ensure transparent and rapid insights, contributing to improved business performance.