Finance flash: the TOP-10 articles of week 38, 2017


Do you want to keep up to date with the latest developments in finance, but you are short of time? Don’t worry. CFO South Africa weekly collects 10 of the most important articles from international media for your convenience.

0. Uber just lost its license to operate in London
In an unexpected announcement today, Transport for London has said that it will not renew Uber's private hire operating license when the current one expires on September 30. In a statement, TfL said they have concluded that Uber is not "fit and proper" to hold the license. TfL says that Uber has demonstrated a lack of corporate responsibility.

1. How Boards Will Look in Ten Years
More women and a wider array of professionals are likely to fill future boards, while technology will play a bigger role in their work.

2. Prioritize Your Opportunities with This Checklist
How do you evaluate a business opportunity? The world is replete with SWOT mechanisms for evaluating a prospective new product offering, as well as with opportunity assessment templates for evaluating a project against overall business goals, customer impact, strategic potential, and competitive urgency. These instruments play a vital role in acquisitions, new products and features, and even the new divisions of business you'd like to deploy.

3. Learning innovation in the digital age
As technology transforms the workplace, the need for innovation in learning and development is urgent. In a series of recent discussions, members of the Consortium of Advanced Adult Learning & Development (CAALD)—a group of learning authorities whose members include researchers, corporate and nonprofit leaders, and McKinsey experts—recently met in Boston for the second year in a row.

4. 4 Data-driven ways to digitize your business
In today's digital landscape, customers expect you to deliver products and services in a fast and efficient manner. Heavyweights like Amazon and Google have set a bar in terms of operations, and they've set it high. An increasing need for more streamlined and efficient processes, combined with advancing technologies has made digitization a priority across a range of sectors of the global economy. When faced with the decision to actively embrace the digital wave or to avoid it, experience tells us the 'wait and see approach' will not serve your business well.

5. Five ways to unlock win-win value from IT-services sourcing relatio...
Global companies in all industries typically acquire a significant portion of their IT services from external providers. Annual global spending on external IT services is about $900 billion, with companies procuring IT consulting, systems integration, application development and maintenance, and IT-infrastructure-management services, among others. For a number of reasons, however, IT-sourcing relationships have been difficult to get right.

6. The 6 High Performance Habits Only the Most Extraordinary People Sh...
Why do some people succeed more quickly than others, and maintain that success over the course of decades? And out of that extremely small sub-set of people, why do some of them seem miserable, while others live happy lives? Success and happiness: That's the combination we all hope to achieve. But the problem is... how do we become more successful and feel more fulfilled? Brendon Burchard has spent twenty years answering that question, and in High Performance Habits: How Extraordinary People Become That Way, he provides the answers.

7. How To Stop Boring Hiring Managers With Your Resume
"My resume reads like I've been a passive spectator in my own career, not a player. What am I doing wrong?" Initiative counts for a lot. Nobody wants to hire someone who'll need to be poked and prodded to execute the basics. They want people who can see, and contribute, in new ways. Putting your resume into "action-oriented" mode is a great way to establish yourself as this kind of person. Here are some ways to get there...

8. IASB proposes changes around accounting policies and estimates
The International Accounting Standards Board (IASB) on Tuesday released for comment a set of proposed IFRS statement amendments that would help companies distinguish accounting policies from accounting estimates.

9. Why are the FASB and the IASB Changing Accounting for Leases?
While the FASB and IASB standards are similar, there are important differences between them. A 2005 SEC survey estimated the off-balance sheet obligation associated with operating leases for public companies at $1.25 trillion. In 2016, the FASB and IASB issued new standards to bring these obligations on the balance sheet.

10. Hoogervorst calls for greater focus on intangibles reporting not IF...
Speaking at the Accountancy Europe conference in Brussels, IASB chairman Hans Hoogervorst launched a robust defence of International Financial Reporting Standards and called for a rethink of financial reporting as it faces increasing pressure from investors and key stakeholders to provide more non-financial information, mainly on environmental, social and governance (ESG) issues, as well as intangibles reporting.

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