Corporate Finance

Finance Roundup for Executives

Be informed, get involved, and change the world through finance.
Kerry MarunaDecember 30, 2015

What’s Going on in Finance from CFO

Toshiba’s total loan facility could top 1 trillion yen ($8.3 billion) as it seeks a second bank credit line of 300 billion yen ($2.5 billion) to pay for mounting costs stemming from an accounting scandal, Bloomberg reported Monday.

The scandal has led to layoffs and asset sales for the Tokyo-based company, which last week forecast a record 550 billion yen ($3.7 billion) annual loss. Toshiba plans to apply for an additional 300 billion yen ($2.5 billion) in credit from undisclosed lenders by the end of January, spokeswoman Yuu Takase told the news service. In September, the company received a 400 billion yen ($3.3 billion) credit line from Sumitomo Mitsui Banking Corp., Mizuho Bank, and Sumitomo Mitsui Trust Bank. Read more.

A Better Way to Do Ecommerce

A Better Way to Do Ecommerce

Learn how Precision Medical leveraged OneWorld to cut the cost of billing in half and added $2.5M in annual revenue.

Citing stakeholder feedback, the Obama administration is giving employers an additional three months to comply with the reporting requirements of the Affordable Care Act.

The U.S. Department of the Treasury and the Internal Revenue Service on Monday extended the Feb. 29  paper and March 31 electronic deadlines for companies with more than 50 employees to provide information on what coverage they offer and the coverage they provide their staff. Read more.

 

Five Musts to Avoid in Moving IT Systems to the Cloud

Moving his company’s entire IT infrastructure was not a simple undertaking, a CFO recounts.

James Eliason

 

With Scandal Costs Rising, Toshiba to Seek Second Credit Line

The added debt is needed to pay for thousands of job cuts and the overhaul of the businesses that make televisions and personal computers.

Katie Kuehner-Hebert

 

Employers Get More Time for Obamacare Reporting

Treasury, IRS extend Feb. 29 paper and March 31 electronic deadlines for companies with more than 50 employees.

Matthew Heller

 

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