The main financial risk facing the US today looks very similar to what caused so much trouble in 2007-2008: big banks with too much debt and too little equity capital on their balance sheets. Uneven global regulations, not to mention regulators who fall asleep at the wheel, compound this structural vulnerability. We already saw this…
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Many small businesses in the UK are hoarding cash surpluses because they don’t yet feel secure enough to invest in infrastructure, according to a new poll by the Institute of Chartered Accountants in England and Wales (ICAEW). The survey found that almost two-thirds (62 per cent) of small business owners have a cash surplus this…
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Given that disclosure of financial risk always has been a difficult mandate for publicly-traded companies, requesting the voluntarily disclosure of sustainability risks may seem like a nearly Sisyphean task. Currently, the Securities and Exchange Commission, under rule 405, requires disclosure of anything considered “material” through annual or quarterly filings. The Financial Accounting Standards Board…
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The accountancy profession has increasingly evolved beyond the core function of providing accounting services. Accountants can help businesses identify cost-cutting opportunities through energy efficiency, and draw attention towards the strategic marketing and brand building benefits inherent in pursuing an agenda of corporate sustainability. A new strategic initiative, sponsored by Chartered Professional Accountants of Canada (CPA…
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If you’re looking for a way to mix business, leadership, and a love for the environment, starting a sustainability consulting firm could be a terrific decision for you. In addition to helping companies develop an environmental conscience, you can show them the financial advantages of going green. A big vision Big companies are very good…
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CFOs who embrace sustainability can help improve an organization’s performance in several key areas: risk management, capital productivity, and innovation and growth. That’s according to a report about sustainability’s challenges and opportunities, based on case studies and interviews and published by Corporate Eco Forum and the World Environment Center. The report defines sustainability as protecting and…
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A recent proposal to change the presentation of financial information for not-for-profit entities, especially cash flow classifications, could serve as a preview of what might be in store for public companies down the line. The Financial Accounting Standards Board has issued a proposal meant to improve the presentation of net asset classifications presented in financial statements…
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Si bien el comercio bilateral se multiplicó 22 veces entre 2000 y 2014, el grueso de los envíos regionales al gigante asiático sigue estando constituido por un número reducido de productos básicos. En los últimos 15 años las relaciones económicas entre América Latina y el Caribe y China se han desarrollado fuertemente. China ya es…
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Expertos de Deutsche AWM, Morgan Stanley y PwC ofrecen tres puntos de vista sobre el presente y el futuro de la industria de gestión pasiva. La industria de ETF (Exchange Trade Funds) no para de crecer en todas las partes del mundo. Ahora bien, ¿cómo crece? ¿hacia dónde se dirige? ¿seguirá manteniendo las mismas dinámicas…
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En las últimos años hemos sido testigos de innumerables cambios en el entorno que han re-definido por completo la manera de hacer negocios. Los mercados actuales son muy diferentes a los de algunas décadas atrás. Actualmente nos enfrentamos a un mundo global de hipercompetencia y a consumidores más complejos. ¿Qué hacer en este contexto? ¿Cómo afrontar…
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