Treasury & Risk magazine April 2008
Cover Story
Mind the GAAP
As the SEC presses for accelerated acceptance of IFRS as a GAAP alternative, many financial executives fear a hasty move could be as problematic as the rush to adopt SOX . But not United Technologies
Features
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Time to Speak the Same Language
If executives think the switch to IFRS will hurt, one surefire pain reliever would be conversion to XBRL
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The New Treasury Diet: Keep It Simple
Treasurers are swearing off exotic investment options for plain old vanilla
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Fasten Your Seat Belt: Bumpy Ride Ahead
Many pension plans could end up in deep trouble with investors when the next phase of accounting rules kicks in
Surveys
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Treasury & Risk Retirement Survey
With pressures mounting on retirement plans from a growing population of old people and sweeping changes in accounting rules, finance executives in the 2008 Treasury & Risk Retirement Survey seem ready to consider more substantial overhauls to institutions, such as the 401(k)
Washington Update
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The New SOX Fan Club
Now that Sarbanes-Oxley no longer strikes fear in the hearts of finance executives at big companies, they must face yet another auditing standard: FAS 161, which ups disclosure requirements for derivatives and hedge funds
News Briefs
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Don't Play Guess the 401(k) Fee
Plan sponsors quietly harbor fears that they don't really understand the costs well enough to adequately explain them to participants, according to a recent survey by Chatham Partners
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Aiming for a Bullseye
Target date fund popularity is exploding as employers try to steer participants to funds more likely to provide income replacement at retirement
Governance & Accounting
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Sub Rosa Subprime
Although many companies will not face proxy votes related to the subprime credit crunch, experts suspect that senior managements and boards will be confronted by a much feistier group of investors
Retirement & Benefits
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Guardian Advisor
Managed accounts may have been around for years, But they are apt to get a lot more attention now that they have been approved as an acceptable qualified default option for automatic enrollment
Risk Management
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Avoiding Cost Shock
Despite the options that a deregulated market for electricity offers, many businesses overlook opportunities to manage the exposure and ultimately gain more control over costs
Tools & Technology
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Focusing on the 'R'
Sap offers a suite of solutions that GRC experts say is the closest thing to an all-in-one tool that links risk management to strategy, planning and even performance management
Treasury Management
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Bunker Mentality
Is your treasury ready for a recession? consultant Jeffrey Wallace offers free advice on areas most likely to be affected by a slowdown and ways to prepare for, and possibly even avert, bad numbers
Profile
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Driving Visteon
Visteon's chief accounting officer loves a challenge, and helping Visteon move from survival to growth is providing him a thrill ride
People on the Move
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Careers
General Motors Corp., the $181.1 billion automaker, based in Detroit, named Ray G. Young executive vice president and CFO
Editor's Desk
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Time to Say Farewell
It is always tough to be a senior finance executive, but over the last several months it has been downright dangerous. A record number of ...













