The financial crisis of 2008 was building for a long time, but Sept. 15, the day Lehman Brothers went under, may be considered the day all hell officially broke loose. What at first seemed to be a banking crisis rapidly spread, as everyone knew it would, from Wall Street to Main Street, pummeling corporate America.
We doubt any reader would want to relive the past several months by reading any of our news articles, so we include here some of the most popular articles about how to deal with the crisis and its impact on your company’s strategy, operations, and finances.
Downturn Disclosures: Expect Liquidity Focus
Regulators will heavily scrutinize management’s discussion about cash access in next year’s filings, attorneys predict.
There’s a Cash Machine in Your Tax Department
Looking for year-end cash? Make all the right tax moves — from changing your accounting to buying capital equipment now, rather than later — and you may strike a hidden cash vein.
The Double-edged Sword of Head Count Cuts
Companies contemplating layoffs must consider a variety of issues, not all of which fit into a spreadsheet.
Everything We Learned about the Financial Crisis, Again
The nation’s top accounting guru gets back to basics with a list of financial lessons we must remember not to forget.
Banker: Volatility Is Reality
Newly appointed bank CEO Gerrit Zalm, who also chairs the trustees of the International Accounting Standards Board, says that the credit crisis is a regulatory problem, not an accounting one.
Crackdown: SEC Gets Tougher on Rating Agencies
Raters become the first industry to be handed new regulations as a result of the credit crisis.
“Every Crisis Begins with a Shock”
Panic then and now — the enduring legacy of 1907.
The financial crisis obliterated corporate forecasts. Now, CFOs struggle to assess what lies ahead.
CFO Survey: Credit Noose Is Tightening
Bank-client relationships are fraying, and TARP capital will do little to stimulate lending to companies in need of funds, say finance chiefs.
Has the Crisis Ended the Fair-Value War?
Because of the current fragility of investor confidence, regulators should hold steady on current mark-to-market standards, many feel.