By Rey Madolora – Vice President of Services, Consero.
Poor financial controls can create significant waste, fraud, or decreased credit rating – yet it happens to thousands of businesses every year. A sound internal control environment is the foundation from which a corporate finance function can be relied upon to protect and report on the company’s [...]
A small business owner typically can’t afford to hire enough people to have proper separation of duties to gain the internal controls needed to prevent accounting fraud. However, every business owner can achieve accounting fraud prevention by taking these simple steps:
1. Open the bank statement yourself
Every small business owner should receive the [...]
Like many finance executives, Terry Lillis, CFO of Principal Financial Group, is tired. The constant stream of guidance from regulators and accounting standard-setters — plus the expected inflow of more to come over the next few years — has created “huge accounting fatigue” among his finance staff, he told a roomful of finance chiefs at [...]
CFOs see several positive economic signs, but employment isn’t one of them.
At last, some good news. For the first time in more than a year, finance chiefs expect double-digit growth in earnings and significant growth in capital spending over the next 12 months, according to this quarter’s Duke University/CFO Magazine Global Business Outlook Survey. Finance [...]
Numerous regulatory proposals aim to reverse the ebb in small-business lending. But will any of them actually work?
Vincent Ryan, CFO.com | US
March 5, 2010
How can access to capital be improved for small businesses so they can create jobs and accelerate the economic recovery? There is no silver bullet, but President Obama [...]
Vincent Ryan, CFO.com | US
January 15, 2010
New issuance of syndicated, revolving lines of credit dropped 28% by dollar volume in 2009, according to data from Reuters Loan Pricing, as companies shifted their sources of liquidity and reduced reliance on bank credit. The $547 billion in volume issued was one-third 2007’s record issuance of $1.68 [...]