Learn how Precision Medical leveraged OneWorld to cut the cost of billing in half and added $2.5M in annual revenue.
Non-GAAP measures… Reacting to what it sees as the growing prevalence of non-GAAP measures and suspecting that they’re increasingly misleading, the Securities and Exchange Commission is cracking down on the practice.
Following its issuance of a 2010 guidance restoring some non-GAAP measures that the SEC had effectively barred, the SEC “relaxed” its vigilance of the use of measurements that fall outside the realm of Generally Accepted Reporting Practices, Mark Kronforst, the chief accountant of the commission’s corporate finance division, recalled last week. Read article.
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Learn how NetSuite Financial Management allows you to quickly and easily model what-if scenarios and generate reports.
S&P is all finance… It’s been just two weeks since the name “McGraw Hill” disappeared from America’s corporate landscape after 128 years. But the newly branded S&P Global, the successor to McGraw Hill Financial, isn’t looking backward, its finance chief tells CFO.
Any retirement of such a long-lived identifier must be undertaken only after careful consideration, of course. For the parent of the also newly renamed S&P Global Ratings (formerly Standard & Poor’s Ratings Services), the change was the culmination of a three-year project to narrow its focus. Read article.
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What to focus on in your supply chain… We’re stuck in a painfully sluggish economy. Stifled consumption, overcapacity in shipping, and tumbling raw materials prices all point to the kind of slow growth that doesn’t turn around overnight.
Many organizations are struggling to drive revenue — some are already seeing shrinking revenue — which naturally focuses attention on the supply chain. The knee-jerk solution would be to seek cost savings by cutting supplier costs, but in today’s economy, indiscriminately squeezing supplier margins could actually end up hurting profits in the long run. Read article.
The public shell companies the defendants sold included an e-cigarette marketer, an online résumé-building service, and a portal to view movie trailers.
Iconic, Eversource Energy, Cornerstone OnDemand, Manitowoc, Diamond Offshore Drilling, UDR, CVB Financial, Global Brass and Copper, Addus HomeCare
The increase was less than economists expected but may be a sign that the deflationary effect of the oil price rout is easing.
After wrapping up a divestiture binge and a key acquisition, CFO Jack Callahan is focused on running an operating company rather than a conglomerate.
The move comes as Apple’s core iPhone business is maturing — and investors speculate it is developing a self-driving car.
The SEC says J. Mac Rust and Christopher Benner siphoned off client funds to pay themselves and invest in risky securities.
While the annual cost of bribery alone is an estimated $1.5 trillion to $2 trillion, the fund says the indirect damage is even higher.
Production outages and a drop in U.S. oil production have been more than offset by the flow of oil from Iran.
Free up cash flow by cutting excess days of supply and optimizing supplier relationships.
“Cherry picking” and boilerplate reporting are in the SEC’s crosshairs.
The Chapter 11 petition listed total liabilities of $9.97 billion against assets of $1.56 billion.
Employers in hazardous industries will have their worker injury records posted on OSHA’s website.
Proceeds from the sale of limited recourse bonds issued by an affiliate of the Oglala Sioux Nation were used to buy homes, cars, trips, and jewelry.
AdvanSix would be a publicly traded, tax-free spinoff of Honeywell’s resins and chemicals business.
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