For more than a decade, finance executives have been hearing about the difficulties that would land in their laps once the SEC set the date on which U.S. firms would have to stop using GAAP (generally accepted accounting principles) and start using the “globally harmonized” accounting regime known…
The financial crisis of 2008 had ripple effects that we still feel today. Consider that CFOs and treasurers have been rewriting the rules for deploying spare operating cash. In the “good old days,” when the major world economies were percolating steadily, the standard rule was to pay vendors as…
Large companies that operate globally are now rethinking the way they manage significant risks, whether those risks are operational or financial in nature or whether they stem from weak strategic planning. They are not concerned so much about their well-honed processes for procuring and sourcing…
Economics has long been called “the dismal science.” The reason is that economists tend to make predictions that prove wrong. So, here we are in August 2011, and the consensus view is that developed countries such as the U.S. will experience slow and uneven GDP growth over the next 12 months. I’d…
APQC research shows that a growing number of financial executives have resolved that traditional approaches for managing business performance are no longer adequate. As large organizations struggle to plan and execute growth strategy in an economic recovery that is hard to read, many are embracing…