Corporate Finance

Finance Roundup for Executives

Be informed, get involved, and shape the world through finance.
Kerry MarunaJanuary 8, 2016

The Latest in Finance From CFO

Ford Motor said Thursday it is making a change in its accounting for its huge pension obligations that will boost its 2015 pre-tax profit by $1.5 billion and level the playing field with the other Big Three automakers.

The change to mark-to-market accounting means Ford will now recognize pension and other post-retirement employee benefits remeasurement gains and losses in the year incurred (generally in the fourth quarter) rather than amortizing them over many years. 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.

A Colorado judge has ruled the U.S. Federal Reserve acted properly in denying approval to a credit union seeking to become the first financial institution to serve the state’s marijuana industry.

The Fourth Corner Credit Union sued the Fed’s Kansas City branch in July for rejecting the bank’s application for a master account that would allow it to transact business. The lawsuit claimed Fourth Corner should have “equal access” to the financial system even though marijuana is still illegal under federal law. Read more.

 

Growth Rate for Service Firms Slows in December

Surveys of manufacturing and non-manufacturing sectors “suggest the U.S. economy cooled off in the fourth quarter.”

Matthew Heller

 

FASB Scraps Controversial Bank Debt Rule

Critics said the rule added confusion to banks’ earnings statements and distorted their financial performance.

Matthew Heller

 

Gilt Sells for Bargain-Basement Price

The “flash” sales site was an early hit online, but the economics of the daily deals business caught up with it.

Vincent Ryan

 

Pension Accounting Change Boosts Ford’s Results

One of the Big Three adopts mark-to-market accounting for its pension obligations.

Matthew Heller

 

Pot Bank Loses Legal Battle With Fed

Colorado court backs the Federal Reserve’s denial of credit union’s application to serve marijuana businesses.

Matthew Heller

 

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