The CFPB at Four: The Watch Dog Gets Its Bite

Michael Cappelli's picture

On January 11, 2016, The Wall Street Journal reported that the Consumer Financial Protection Bureau (CFPB) doubled the number of enforcement cases it handled in 2015. For those unfamiliar with the CFPB, it was created in 2011 as an independent government entity to protect consumers in the financial sector.

How to Make Running Your Business Look Easy: Analytics at Netflix

Michael Sims's picture

I confess that I have a burning passion for movies.  I constantly seek out new movies to watch and I am always at least somewhat (and often very) distracted if a movie happens to be playing wherever I am.  My girlfriend knows this and, quite kindly, acts as a second set of eyes out there for me, helping me make sure that I don’t miss out on any great films.

Brother, Can You Spare An Electronic Payment?

Michael Cappelli's picture

Tech savvy Sweden’s high utilization of electronic payment technology has the country on pace to become the first cashless society. While widespread credit and debit card usage is fueling the trend, the rise of mobile pay apps is also a key factor. According to a recent article in The New York Times, bills and coins make up approximately 2 percent of Sweden’s economy.

Recognizing the Impact of the New Revenue Recognition Rules

Holly Lyke-Ho-Gland's picture

The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have issued their long-awaited converged standards on revenue recognition. The rules govern how and when revenue can be recognized in different industries. In essence, the new rule will do away with current industry-specific accounting practices and instead apply a single set of principles to all revenue transactions.

Finance in 2020: A Radical Departure

Mary Driscoll's picture

The following conversation is derived from my recent sit-down with Accenture Strategy’s David Axson, one of America’s leading thinkers when it comes to the transformation of the finance function. Mr. Axson will share his latest research and advice on APQC’s financial management webinar Finance 2020: the Rise of Analytics Competency on December 9, 2015. Wrap up the year with an eye on the future of finance. Register here http://bit.ly/1lHvGJK

Some Large U.S. Companies Face More Cost Reduction

Mary Driscoll's picture

Some of America’s largest companies have been releasing worrisome earnings reports to Wall Street lately. The phrase being bandied about by equity analysts is “revenue light,” meaning such and such a company failed to deliver expected levels of revenue growth.  Corporate profits, meanwhile, have been sporting steady and plump gains for several years.  Shareholders expect CFOs to protect the profit picture no matter what.

Can Countries Coordinate Currency Policies & Achieve Economic Success?

Michael Cappelli's picture

In today’s globalized economic environment, government action on macroeconomic policy can have a significant impact on business activity. Interest rates, trade policy, and currency exchange rates are but a few areas in which a central government can make changes to improve the overall business climate. In commemoration of the thirtieth anniversary of the Plaza Accord, Rice University’s Baker Institute of Public Policy recently held a conference to examine the impact of the agreement on macroeconomic policy and lessons learned.

Is Your 2016 Budget Already Obsolete?

Michael Cappelli's picture

Budget season can be difficult for financial professionals. The combination of resource allocation under strict deadlines creates an unenviable, annual responsibility. While budgeting may be difficult, it does not have to be an ordeal to suffer through. Proper planning and targeted budget scope can help reduce the time organizations spend on budget iterations before finalization.

Keys to Better Shared Service Centers

Mary Driscoll's picture

On August 26, 2015, APQC conducted a webinar on benchmarking shared services centers (SSC).  The webinar highlighted characteristics that make SSCs advantageous to organizations that utilize them and how benchmarking can be used to point out opportunities for process improvement at SSCs.

Think Corporate Finance Execs Can’t Be ‘Phished’? Think Again

Michael Cappelli's picture

Greetings and salutations cherished employee,

This is an email spoofing scam masquerading as an executive or trusted vendor. It goes sort of like this:  I am travelling overseas visiting our facilities in Eastern Europe and need funds to confirm our commitment to a building expansion. Please wire 20K Euros to the account below and rest assured you are doing your job well. Your hard work is appreciated.