How can treasury cooperate with FP&A to strengthen the organization’s strategic forecasting processes? To start, by outlining how technology is changing the nature of cash flow forecasting as treasury gains more visibility over cash flows and positions. Explore the fundamentals of strategic cash forecasting, and how treasury can collaborate cross-functionally with FP&A and other finance
The tax authorities may allow businesses to pay tax on lessor income than the income booked in the statement of comprehensive income, which leads to lower taxable profits. In our previous article titled “difference between accounting and taxable profits”, we established that the difference between accounting and taxable profits could be of permanent and temporary
Many people in Australia are currently facing financial hardship due to various natural disasters, the housing affordability crisis and rising interest rates. If you are currently suffering from financial hardship. there are multiple ways you can get help: Speak to a financial counsellor – call the National Debt Hotline to talk about your options with a
Small businesses depend on financial intermediaries like banks to manage their money and facilitate wire transfers to pay their workers, suppliers, and manufacturers overseas. In turn, banks use SWIFT to process most of these cross-border payments between firms banked in different countries. This article lists what you need to know about the SWIFT messaging system.
Every so often, Jenny Redes gets a call from an employee who has recently discovered their pay stub. They typically have questions about what all the various numbers mean, and the human resources professional says that’s understandable. “It’s a lot of information,” says Redes, a Society for Human Resource Management certified professional and human resources
When we talk about changing culture in an organization, it rarely starts with finance, but maybe it should. Why? Because finance has a significant impact — good or bad — on the culture of any organization. In an Executive Session at AFP 2021, Gary Bischoping, partner at Hellman & Friedman, and Greg Milano, founder and
If you’ve had a new debit or credit card in the last few years, you might have noticed a few changes to the design. Cards increasingly have new features like notches cut out of one edge, raised dots on the main side and the owner’s name printed, not embossed. These changes are done for the same reason
Banks and other financial institutions are increasingly accounting for environmental, social and governance (ESG) factors in their portfolios. A particular area of focus has been on the environmental component, especially around decarbonization. Adopting a strategy focused on ESG or decarbonization, however, is easier said than done – in part because the strategy is only as
Fintech company Upstart Holdings recently posted an earnings report that the market embraced, sending the stock higher. Upstart’s been on a wild ride since its IPO in late 2020, trading between $42 and $401 per share over just the past 12 months. The stock not sits at almost $150 per share, and investors are probably curious how
We hear from Matthew Spradlin, Certified Financial Planner with Godfrey & Spradlin Private Wealth of Steward Partners, about the New Parents Pyramid he and his team created for new parents, as well as the different ways first-time and seasoned parents manage their money and think about alternative assets.Can you give us an overview of the
It’s easy to argue that a tax refund isn’t something to celebrate. After all, it means you overpaid your taxes the previous year and are now getting the money you were entitled to all along. But if you have an IRS payday coming your way, it pays to make the most of it. Here’s how.
The European Union, US, UK and allies have agreed to exclude a number of Russian banks from Swift, an international payment system used by thousands of financial institutions. The move aims to hit the country’s banking network and its access to funds via Swift, which is pivotal for the smooth transaction of money worldwide. What
