July / August 2008 AFP Exchange

• AFP goes green and this issue highlights the corporate path to a cleaner environment. Trading carbon credits is a major market tool and two articles look at the effects of carbon enterprise in today’s market.  This issue also looks at financial accounting and reporting exploring the latest SEC mandate on XBRL filings and the concept of automating reconciliation.  The latest in real estate finance comes in the form of the 1031 Exchange option where commercial property can be traded without paying any taxes.  Author John G. Miller’s book, Flipping the Switch is reviewed.  Miller will be speaking at the AFP Annual Conference in Los Angeles. Read about the 2008 AFP Liquidity Survey and see who is honored in the 2008 AFP Honors list.  

• Table of Contents
• CTP Quiz
• Full Articles

• Feature Story: Managing Carbon in the Supply Chain

  Tim Albinson

  Lessons can be learned from the credit crisis events that will benefit corporations that invest in the money market space.
• The SEC Mandates XBRL Filings. What Now?

  Mike Makris

  The SEC recently adopted a rule proposal to mandate XBRL use among large-cap filers by next year. What exactly is XBRL, and how will it change financial information exchange and reporting?
• The 1031 Exchange Option

  Patricia J. Mullin, CCM and Martin B. Millane

  The theory behind Section 1031 is that when a property owner has reinvested the sale proceeds into another property, the economic gain has not been realized in a way that generates funds to pay any taxes.
• The 2008 Liquidity Survey: A Different Year

  Christopher Bjorke, AFP

  The liquidity drought touched of the subprime mortgage crisis produced widespread failures of ARS auctions in which no participants offered bids and left holders of ARS instruments with investments that became part of the year’s writedowns.
• 2008 AFP Honors
  AFP has handpicked finance and treasury professionals who have reached the top of their career by achieving key requirements including Certified Treasury Professional (CTP) or Certified Cash Manager, membership in AFP and career growth.