The CFO Playbook on Accounting: The Latest Financial Reporting Developments
Webcast Available on Demand
Duration: 1 hour
Brought to you with support from Oracle
Pressing for more transparency, various stakeholders are pushing CFOs to broaden the scope of their companies’ financial reporting. Responding to such external pressures, CFOs are turning around and making increasing demands on their staffs to streamline the process of closing the books.
While many CFOs have been skeptical about the value of sustainability reporting or integrated accounting, interest in getting more information about the nonfinancial drivers of corporate valuations is on the rise among investors. Today’s finance chiefs are shifting their attitudes from “Why should I care about this?” to “How can I make it work for my company?”
Similar change is afoot in the area of private-company financial reporting. After years of foot-dragging, the Financial Accounting Standards Board is taking action and, as a result, private companies may have something to celebrate in 2014. Among the changes: a new standard that proponents say will make it easier for companies to account for goodwill.
But new standards of financial reporting will mean little if company systems are too clunky to crunch the data and make it palatable for investors. For decades, financial departments have struggled to revise one of the most significant of those processes: the close-to-report cycle. That has now moved to the top of CFOs’ agendas, with many companies targeting the close process as a priority item for improvement.
This Webcast will explore:
About the Panelists
Jason Balogh, Principal, The Hackett Group
Jason Balogh is a Principal with the EPM Transformation practice of The Hackett Group. He has worked extensively in the consumer packaged goods, industrial manufacturing and energy industry sectors. Formerly a Partner with Arthur Andersen, Jason has multiple experiences in supporting clients with business transformations, operational improvements and finance / back office improvements, with an emphasis on driving economic impact and effectively managing the change process.
Bill Budicin, Director, The Keystone Group
Bill Budicin is a Director of The Keystone Group, focusing in the areas of mergers and acquisitions, financial and operational restructurings, profitability and cash flow improvement.
Prior to joining The Keystone Group, Bill was a Partner at Crowe Horwath LLP. He received his B.S. in Accounting and Finance from the University of Illinois.
Cecil Nazareth, Managing Partner, IFRS Partners
Cecil Nazareth is a managing partner with IFRS Partners. Based in Connecticut, IFRS Partners specializes in IFRS education, training, consulting and conversion. IFRS Partners’ clients include CPA firms, as well as small and medium-sized businesses, including subsidiaries of foreign companies.
Cecil previously served as the director of AICPA's internal audit and strategy. In this role, he developed and implemented an executive performance measurement system and balanced scorecard. He pioneered the ISO 9001:2000 quality program with AICPA, which became the first professional organization with this certification in the United States. Before he joined AICPA, Cecil was as an audit supervisor with Ernst & Young, specializing in the financial services industry. Cecil is currently a professor at Fordham University in New York City, where he teaches global accounting at the graduate and undergraduate levels.
About the Moderator
Mary Beth Findlay, Editorial Director, Product Development, CFO Publishing
Mary Beth Findlay is editorial director of product development for CFO Publishing's custom-content division and oversees the development of editorial and custom content products, including eBooks and CFO Playbook Webcasts. Prior to joining the custom-content group, Mary Beth was associate director of research at CFO Research Services. She conducted research studies on a variety of finance topics, including banking and capital markets, business performance management, the use of financial and operating data, and professional development.
Before joining CFO, Mary Beth served as a research associate at Harvard Business School, writing case studies and background notes for second-year MBA courses. She is a graduate of Boston University School of Law, and she earned a bachelor's degree in communication from Boston College.
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