Corporate treasury and finance professionals need to review the Q&A on AFP’s website to see if they have an individual reporting responsibility regarding Financial Bank Account Reporting, or FBAR. Treasury and finance professionals with signatory authority over their corporation’s foreign accounts and who have the ability to direct the flow of cash in those accounts, alone or in conjunction with another person, may be scoped in the guidance (e.g. initiate wires transfers).
References can determine whether a top-tier job candidate lands a new position, or gets his/her resume thrown in the trash. Your experience, education, resume and interview skills are all important - but if that potential employer gets rubbed the wrong way on a reference call, it could be lights out for your dream job.
Another AFP Annual Conference is in the books, and AFP staff already is hard at work for next year’s big event in Miami. As usual, this year’s annual conference was informative, valuable and fun—in other words, the most important event in treasury and finance. In case you missed some of the action, here is a rundown of some of the biggest moments at AFP 2011.
Former President Bill Clinton and Dr. Anne-Marie Slaughter address the Occupy movement, its origins, and why it has moved beyond a simple protest into a worldwide phenomenon at the 2011 AFP Annual Conference.
The markets, having survived last week’s brush with death in regard to Greece, were roiled again this week in response to the news out of Italy. The great apprehension with Italy is the fear it is TBTR (Too Big to Rescue).
Since the start of the 112th Congress, both Democratic and Republican members of Congress have introduced an unprecedented number of repatriation bills, aimed to grant multinational businesses the opportunity to bring their foreign earnings to the United States at a reduced tax rate.
With modern budgeting, forecasting and planning technology, re-forecasts can be produced, sliced and diced faster than ever before. What kinds of trade-offs exist when forecasts are created at such a frenetic pace?
Amid the financial market turmoil in August, exchange rates shifted rapidly and substantially. As investors turned pessimistic on global economic prospects, they bought into safe havens such as the Japanese yen and the Swiss franc, while selling growth-oriented currencies such as the Australian and Canadian dollars.
IFAC recently released an updated version of its Guide to Quality Control for Small- and Medium-Sized Practices (QC Guide) and a white paper titled, Competent and Versatile: How Professional Accountants in Business Drive Sustainable Organizational Success.
Citi said Wednesday that the Dodd-Frank Act would lead to approximately 60 percent of the U.S. over-the-counter derivatives market clearing centrally.
Banks would be required to hold an extra 1 percent to 2.5 percent of capital, based on their systemic importance, under a new proposal from the Basel Committee.
The OPEC cartel left its Wednesday meeting in Vienna unable to come to a consensus on oil production, immediately prompting a spike in prices.
The IASB has created the SME Implementation Group (SMEIG) that specifically addresses small midsized entity concerns. The FASB also is considering forming a comparable group for U.S. small, midsized and nonpublic companies. Thus, it is important to pay attention to the standard setting made under this group should FASB successfully decide that differential accounting treatment is needed for the small, midsized and nonpublic companies. These decisions will serve as building blocks for U.S. standard setting.
The chairmen of the House Financial Services Committee, Rep. Spencer Bachus (R-AL), and the House Agriculture Committee, Rep. Frank Lucas (R-OK), last week introduced H.R. 1573, which would extend the deadline by 18 months for implementing the derivatives portion of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Currency risk is quite possibly underpriced, meaning that corporate hedgers may be faced with unusual opportunities.
Well, the week started with the big news that the U.S. government had avoided a shutdown late Friday night and the operations of the government would continue uninterrupted. Unfortunately, this tussle over the FY11 budget is probably just a slight indicator of the battles that loom ahead conc
The American Payroll Association, Consumers Union, the Electronic Payroll Coalition, and the National Consumer Law Center have identified and agreed to 10 core principles for the use of reloadable prepaid cards issued to an employee through a financial institution on behalf of an employer.
Efforts to repeal unpopular new 1099 reporting requirements gained momentum yesterday, as President Obama in his State of the Union address signaled his willingness to address the issue....
The word 'periodicity' may sound funny, but this forecasting tool offers serious results.
Through the use of derivatives, prudent treasurers have played a critical role in mitigating risk for their companies and limiting damage to American businesses' balance sheets due to the unprecedented market downturn.
After a year that saw the collapse of credit markets and the loss of nearly 2 million U.S. jobs, five out of six financial professionals do not expect business conditions to improve in 2009, according to the newly released 2009 Association for Financial Professionals (AFP) Business Outlook Survey.
Positive pay - as defined by the Association for Financial Professionals' Essentials of Treasury Management - is a "service that matches serial numbers and dollar amounts against a company's issue file, thereby enabling a financial institution to determine which checks can be paid and which should be returned."
When it comes to resume writing, everyone has an opinion. But, here you are, faced with the daunting task of writing your finance resume. Louise Garver, CPRW, MCDP, JCTC, CEIP, CMP President, Career Directions, LLC 2004-12-16
When it comes to resume writing, everyone has an opinion. But, here you are, faced with the daunting task of writing your finance resume. Think of your resume as your ticket to interviews-to introduce y
April 14, 2004 - AFP again leads the news with its announcement of the development of standard practices for credit rating agencies. The standard aims to restore confidence among issuers, credit rating agencies, investors and regulators who oversee the credit rating process.