5 Common Misconceptions About the Chapter 11 Bankruptcy …
Jul 8, 2020 · It has been years since businesses filed for Chapter 11 bankruptcy protection at the pace they are today. According to data from Epiq Systems, commercial Chapter 11 filings were up 48% in May compared with one year ago, with a total of 724 new petitions.
When Projects Have a Zero or Negative NPV | CFO.com
Aug 8, 2017 · So doing financial analysis on zero and negative NPV investments is as important as doing analysis for positive NPV investments. This will help in evaluating alternatives to find the least negative NPV solution and in setting up minimum milestones that can be used to track performance after the investment.
90% of CFOs are outsourcing accounting functions | CFO.com
Aug 7, 2024 · The talent shortage in finance and accounting has been one of the biggest challenges finance teams have faced in recent years. For a variety of reasons, such as the 150-hour requirement, low pay and lack of work-life balance — particularly on the partner track in public accounting — many finance leaders have struggled not only to fill positions on their internal teams but also have had to ...
The ABCs of Self-Funding Your Health Plan | CFO.com
May 25, 2016 · Small and midsize employers continue to struggle to manage their ever-increasing health plan costs. Since 2005, the average family’s premium has increased 61%, and the upward trend will almost surely continue.Employers’ choices are shifting more costs to workers, bearing the increasing costs themselves, or a mix of the two.
The Big Four Continue to Dominate Auditing: Weekly Stat
Jun 29, 2022 · As Jim Peterson noted in his book, "Count Down: The Past, Present and Uncertain Future of Big Four Accounting Firms," the market for public company audits resembles that of utilities such as cable providers and power grids."Market forces strictly limit the number of providers with the necessary scope, scale, and economic incentive to deliver," wrote Peterson.
20 Large Companies Filed for Chapter 11 Bankruptcy in First Half …
Sep 7, 2022 · “U.S. government stimulus programs, low borrowing rates, and high debt forbearance helped disrupt predictions of continued growth in the number of bankruptcy filings,” said Nick Yavorsky, a report co-author and Cornerstone Research principal. "Mega" Chapter 11s (over $1 billion in assets) were also scarce in the first half, with only four filed, below the 2005-2021 half-year average of 11.
Frank D’Amelio to Step Down as Pfizer CFO
Nov 18, 2021 · In addition to his finance chief role, D’Amelio has served as executive vice president for global supply since he joined Pfizer in 2007. “I want to thank Frank for his many years of service to Pfizer as CFO and for the impact he has had on the company and the patients we serve,” CEO Albert Bourla said in a news release.
10 Steps to Effective Finance Staff Meetings | CFO.com
Jul 18, 2019 · CFO.com provides essential analysis and expert advice for Chief Financial Officers to tackle organizational challenges, manage major risks, drive organizational value, and maximize their personal career potential.
Audit Fees Rose Nearly 5% in 2022: Weekly Stat | CFO.com
Nov 15, 2023 · The Public Company Accounting Oversight Board’s more aggressive oversight of auditors has caused firms to “ invest time accordingly to ensure they deliver high-quality audits,” said FERF. And the burden on auditors and preparers is likely to increase, said FERF. “T he next few years portend to be particularly transformative for financial reporting with the recent enactment of the SEC ...
Former RBC CFO suing bank for $36M, citing public humiliation
Aug 12, 2024 · After firing her in early April, Royal Bank of Canada is now facing a lawsuit from their former CFO Nadine Ahn and former head of capital and term funding Ken Mason.Ahn and Mason say they were not only fired but had their reputations ruined as a result of false accusations of an inappropriate relationship between the two.. Ahn is seeking $36 million ($49 million CAD) for “public humiliation ...