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article

15 June 2009

Fair Valuation Takes Centre Stage

Tax, Accounting & Legal 5 Min Read

...worthiness of the counterparty. Issued by the FASB in 2006, FAS 157 probably would have been one of those “check-the-box” standards, but thanks to the financial crisis and 200-300 bps...

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article

15 June 2009

A Practical Approach to Risk Management at Microsoft

Tax, Accounting & Legal 5 Min Read

...nearly 96,000 employees across 107 countries. In 2008, Microsoft achieved revenues of $60.42bn, an increase of 18% on the previous year, and net income of $17.68bn, representing growth of 26%...

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article

15 June 2009

Energy - Global Greenhouse Gas Emission Strategies and Trends for US Industrials

Treasury Strategy & Transformation 10 Min Read

...Energy Efficiency (boiler replacement) Methane Capture (hog and dairy farms, landfill sites and coal mines) Sequestration (reforestation and soil management) What are Green Tags & RECs? Renewable Energy Certificates (RECs),...

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article

15 June 2009

Commodity Risk Management: Time for Action?

Tax, Accounting & Legal 6 Min Read

...commodity markets towards unprecedented price and volatility levels over the recent past. Similar to the airline industry, heavy energy consuming industries (e.g. metal refining, glass manufacturers, paper producers, etc) have...

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article

15 June 2009

Leader - Strength through Integration

Cash & Liquidity Management 3 Min Read

...key markets globally. Together, we bring a wealth of solutions across the spectrum of companies’ cash management needs, including notional and physical cash pooling, and we are a leader in...

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article

15 June 2009

A Year in Risk Management

Tax, Accounting & Legal 9 Min Read

...of 39 ships with a capacity of 78,650 passengers. The cruise schedule includes Alaska, Asia, Australia/New Zealand, Bahamas, Bermuda, Canada/New England, Caribbean, Europe, Hawaii, Mexico, Panama Canal and South America,...

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article

15 June 2009

Debt Simplification and Increased Risk Complexity at Mitsubishi Corporation Finance PLC

Tax, Accounting & Legal 4 Min Read

...company operates in virtually every industry, including energy, metals, machinery, chemicals, food and general merchandise. Originally, Mitsubishi Corporation Finance PLC (MCF) in London, was established as an investment company; however,...

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article

15 June 2009

Receivables - Enhancing Receivables for Improved Business Performance

Cash & Liquidity Management 7 Min Read

...their own interests are protected. As treasurers are well aware, working capital improvements arise by reducing days sales outstanding (DSO) and increasing days payables outstanding (DPO). However, while it may...

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article

15 June 2009

When is a Derivative Not a Derivative?

Tax, Accounting & Legal 6 Min Read

When is a Derivative Not a Derivative? by Mark Kirkland, Vice President Treasury, Bombardier Transportation. The answer is: of course, when it’s an embedded derivative (at least sometimes)! I am,...

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article

1 May 2009

Treasury in Transformation

Cash & Liquidity Management 17 Min Read

...the top user (50%), followed by Europe (41%) and Asia Pacific (21%). Beyond Treasury Management Systems Treasurers are taking a more holistic view of technology. As they pursue goals such...

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article

1 May 2009

Picking Up

Cash & Liquidity Management 12 Min Read

...non-banked.” There are not only obstacles to conversion for payments to individuals, but also in electronic business-to-business (B2B) payments. As Hubert Jolly, Citi continues, “80% of business-to-business (B2B) supplier payments...

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article

1 May 2009

The CFO's Role in Navigating the Downturn

Cash & Liquidity Management 11 Min Read

...Milan office, and Felix Wenger is a director in the Zurich office. This article was originally published in The McKinsey Quarterly, www.mckinseyquarterly.com. Copyright© 2009 McKinsey & Company. All rights reserved....

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