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The Association for Financial Professionals (AFP), the global resource and advocate for the finance profession, provides products, education and training for treasury and corporate finance.
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 LATEST NEWS |
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- Compensation Growth for Financial Professionals Surpassed National Average in 2007
According to the Association for Financial Professionals’ (AFP’s) 2008 Compensation Report, compensation for financial professionals in 2007 outpaced that of the national workforce as a whole, continuing the trend of past years. Financial professionals reported an average annual salary increase of 4.5 percent – more than 36 percent higher than the national average – and bonuses averaged 15 percent of their base salaries.
- Managing Carbon in the Supply Chain: Lessons Learned
- The 1031 Exchange Option
- Flipping the Switch: Five Principles enhance the advantages of QBQ
- Cash Holdings: Keep Your Option Open
- Is Your Sweep Safe? The FDIC's Sweeping Changes
Weaknesses in the cash management world have been exposed over the last several months. Seemingly sound investments like auction rate securities, variable-rate demand notes, mortgage-backed securities have acquired unforeseen risk after investment banks revealed shortcomings tied to structured investment vehicles and collateralized debt obligations.
- Cash Column: The Accounting Dept, an Invaluable Treasury Partner
In many instances, accounting is referred to as the language of business. Its function is also to be a primary source of quantitative financial information, used by decision makers within a company and by external investors to gain an accurate assessment of a company's financial performance and value.
- July / August 2008 AFP Risk Newsletter | Join the Distribution List
Our lead article targets market risk as it asserts that treasurers need more resources to accomplish portfolio goals, written by Aron Chazen, managing director of Treasury Curve, LLC. Meanwhile, Enterprise Risk Management is no longer an option for many firms according to Bruce Branson, associate director of the North Carolina State ERM Initiative. Wolfgang Koester, CEO of FiREapps discusses Knowing When to Build the Case for Change in the realm of foreign exchange.
- Treasury Essentials: A Practical Guide to 'Odor-Free' Footnotes
Treasury professionals continue to become more involved in the preparation of SEC filings, especially 10Q and 10K footnotes. The good news is that there are some general rules that can reduce the stress involved.
- The Bottom Line: Love and LIBOR
The British Bankers Association (BBA), the entity that reports the LIBOR, in June announced plans to overhaul the index. This is a story of romance and money.
- Letter from the President and CEO: Smoke Detectors
In this governance issue of AFP Exchange magazine, we explore the leadership role that corporate executives and financial professionals play as companies begin to develop their climate risk mitigation strategies.
- July / August 2008 Futures in Finance Newsletter | Join the Distribution List
The career coach addresses the latest in technology that makes quick business of resumes: Look into communications tools like BlackBerries, Twitter and TwitPitch.
- July 2008 Accounting Newsletter | Join the Distribution List
The Accounting Standards Board gave Canadian companies a long transition to move to IFRS, but that deadline may come soon for companies without transition plans. This issue continues the countdown to IFRS implementation around the world, with an emphasis on the U.S. and Canada, following AFP of Canada's Treasurers Forum last month.
- AFP Liquidity Survey: Credit Market Turmoil Sees Flight to Quality
The 2008 AFP Liquidity Survey examines organizational holdings of cash and short-term investments, as well as the credit crisis and its impact on investment strategies. Decisions to stockpile cash, or use it for share repurchases or investments in long-term business opportunities, can be seen as important economic indicators.
- Comments Sought on Loss Contingencies Standards
The Financial Accounting Standards Board (FASB) is seeking comment on an exposure draft of a proposed Statement of Financial Accounting Standard.
- FASB to Simplify Transfers of Assets, Consolidation of Variable Interest Entities
Guidance on accounting for transfers of financial assets and the consolidation of variable interest entities will be a priority for simplification, the Financial Accounting Standards Board (FASB) said June 4.
- Comment Sought on Proposed Derivatives Transparency Guidance; Hedging Activities Draft Issued
The Financial Accounting Standards Board (FASB) is asking for comment on proposed guidance to reform disclosures about the credit derivatives market. The proposed guidance is intended to enhance transparency of credit derivatives and guarantees on entities' financial positions, financial performance, and cash flows, according to FASB.
- Advisory Committee Urges FASB, IASB to Stay the Course on Fair Value
The Investors Technical Advisory Committee on May 23 strongly urged the Financial Accounting Standards Board and International Accounting Standards Board to proceed with fair value measurement for financial instruments.
- IASB Publishes Annual Compendium of Fixes for First-Time Adoption Standards
The International Accounting Standards Board issued its 2007 compendium of non-controversial improvements to International Financial Reporting Standards May 22, a culmination of a year's worth of reviews.
- Fair Value Accounting Required of Beneficial Assets, FASB Decides
A beneficial interest held by a transferor following a sale of financial assets is a new financial asset and should be measured at fair value, the Financial Accounting Standards Board (FASB) decided May 21.
- FASB Finalizes Consolidation, Equity Method for Non-Profits
The Financial Accounting Standards Board (FASB) finalized guidance May 19 affecting consolidation and equity method accounting for not-for-profit organizations (FASB Staff Position No. SOP 94-3-1 and AAG HCO-a, Omnibus Changes to Consolidation and Equity Method Guidance for Not-for-Profit Organizations) applies to fiscal years beginning after June, 15, 2008.
- FASB Issues Retroactive Guidance on Convertible Instruments Settled in Cash
The Financial Accounting Standards Board will require issuers of convertible debt that may settle in cash to record additional expenses, including retrospectively, under finalized guidance issued May 9.
- FASB Releases Hierarchy of Accounting Principles
The Financial Accounting Standards Board on May 9 released Statement No. 162, The Hierarchy of Generally Accepted Accounting Principles, which is its hierarchy of accounting standards that identifies the sources of accounting principles and a framework for choosing the principles used to prepare financial statements of non-governmental entities conforming to generally to U.S. GAAP.
- June 2008 AFP Risk Newsletter | Join the Distribution List
This month's issue runs the gamut from ERM to training and education to business continuity plans. Bryan Gibb spoke with risk guru Susan Mangiero about professional development in the area of risk management. Wolfgang Koester looks at how treasurers can prepare to make a solid business case for improving FX exposure management processes. Mark Beasley explores the board of director oversight of risk management.
- Best Practices for Management and Control of Outgoing and Incoming Payments
Management and control of the payments that flow into and out of the company's accounts at financial institutions are an important treasury responsibility. Well-thought-out policies and procedures governing payments enable treasury to effectively manage the company's liquidity, ensure compliance with Sarbanes-Oxley and defend against fraud.
- June 2008 AFP Payments Newsletter | Join the Distribution List
June 2008 Payments Newsletter
- June 2008 Accounting Newsletter | Join the Distribution List
In this issue, commentator Toby Lucich discusses the dangers that overly complex businesses present for financial accounting and reporting. SEC Commissioner Paul Atkins, the man who worked to balance the complexities vs. benefits of SOX 404 requirements, steps down after 10 years. And Ethiopis Tafara, Director of the SEC's Office of International Affairs, tells AFP how the agency is formalizing agreements with regulators around the world to share information related to IFRS.
- June 2008 Futures in Finance Newsletter | Join the Distribution List
Read tips for new graduates as well as news about the number of professionals
turning to consulting as a way to ease into retirement. Career coach continues her quest
in how social networking enhances the job search. AFP's Bryan Gibb talks with risk expert
Dr. Susan Mangiero about her upcoming training courses.
- Profile: In RIM's Treasury, It's Not All BlackBerries
Research in Motion's Treasury Director Tim Martin recently responded to queries posed by AFP about him, his company and how treasury works globally there.
- SEC to Share IFRS Application Information with Four Nations in Europe
The U.S. Securities and Exchange Commission continues to forge ahead with plans to enhance regulatory, enforcement and supervisory cooperation with the Committee of European Securities Regulators.
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