Treasury & Risk magazine July-August 2008
Cover Story
Hard Money, Rising Rates, Lower Profits
In uncertain times where even the Fed is taking unprecedented steps in efforts to jump-start the economy, finance executives need help. In this and two following stories, economists weigh in on credit risk, global inflation and profit potential.
Features
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Shock Treatment for Global Inflation
Inflation is accelerating around the globe, but most dramatically in commodity-based economies. Central bankers have their work cut out for them.
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Don't Count on Profits
Even if the economy does an about-face and returns to health, don't expect profit growth anytime soon.
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Warning: Credit Risk is Spreading
With consumers now cutting back on purchases, causing pain throughout the economy, corporate bankruptcies are on the rise. Companies need to use hedging tools now more than ever.
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Corporate Investment: A Real Flight to Safety
Treasurers and C-level executives have gone from greedy for yield to cautious about liquidity, and in the last six months have shifted their cash and short-term investments to bank deposits, money market mutual funds and treasury bills.
Surveys
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Treasury & Risk 2008 Biannual Economic Survey
Recession Woe, Inflation Fear, Oil Worry
Washington Update
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Disclosure, 21st Century Style
On its 75th anniversary, the SEC has launched an initiative to make disclosure information more transparent to investors.
News Briefs
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Clawback Provisions Soar
More companies are voluntarily enacting polices requiring errant executives to return cash and stock incentives if erroneous reporting leads to a restatement.
Governance & Accounting
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Hedging on FAS 133 Takes a Fair-Value Turn
FASB's latest overhaul would swap FAS 133's special hedge accounting, like the shortcut method, for a fair-value approach.
Retirement & Benefits
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Unhealthy Situation
Health care premiums are rising sharply again, as too much cost-cutting leads to employees going without care for chronic conditions.
Risk Management
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Respecting Mother Nature
Global climate change and weather-related risks will likely have "significant" to "severe" impacts on business models.
Tools & Technology
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BI Market Comes of Age
Consolidation in the business intelligence space gives rise to mega-vendors, but don't count best-of-breeds out just yet.
Treasury Management
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Look Ma, No Template
New advances in invoice processing automation means companies can slash costs, streamline workflow and save time.
Careers
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On The Move
Dell appointed Brian T. Gladden senior vice president and CFO.
Profile
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Charging Ahead
After minding American Express' bottom line as comptroller and as a division CFO, corporate finance chief Dan Henry doesn't worry as much about the economy as he does about issues he can control.
Editor's Desk
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Editor's Desk
It's difficult to say whether the first six months of the year have lived up to our fears or down to our expectations. What an interesting time to take over as editor of Treasury & Risk.
Final Word
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Three-Part Disharmony
Adding IFRS convergence on top of recent FASB changes would mean re-implementing derivatives accounting for a third time.
How Future-Proof is Your Treasury?
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Complimentary Practical Planning Checklist
Our step-by-step checklist and planning guide will help institutional investors feel comfortable moving into separately...
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Complimentary Trial of RatingsDirect on S&P Capital IQ
S&P Capital IQ's RatingsDirect delivers the actionable market intelligence you need for efficient credit analysis...
Four Imperatives for Establishing Investment Accounting and Reporting Best Practices
This white paper outlines four imperatives that accounting and finance professionals should adopt in order...
Better Manage Necessary Travel Expenses
This complimentary report, "Expense Management for a New Decade", teaches you how to leverage a...
Leveraging the Benefits of Mobile Solutions
Research has found that companies currently leveraging mobile travel and expense management applications/portals have an...
