Want to stay up to date with the latest developments in finance, but short on time? Don't worry. CFO South Africa weekly collects 10 of the most important articles from international media for your convenience.
1. Global CFO survey highlights strategies to rebuild revenue streams
As companies reopen workplaces, global CFOs say in a recent PwC survey that their biggest concern remains the effects of a global economic downturn on their businesses, followed by fears of a second wave of infections. CFOs' focus has also shifted from crisis response to rebuilding revenue streams.
2. The Two Faces of Leadership
The first face is heroic. It’s what leaders use to inspire and motivate, role-model behaviour and express an enthralling vision. The second is more practical. It’s the face leaders assume behind the scenes as they preside over the processes that keep the organisation running smoothly.
3. At-the-Market Offerings: A Good Option When Volatility Is High
Following years of generally low market volatility, public companies are now navigating an uncertain and unprecedented market environment as a result of the global COVID-19 pandemic. In this new environment, many public companies are focused on diversifying their capital raising options.
4. How Resilient Leaders Think
Resilience as a career concept is having a kind of heyday, with good reason. Flung into new ways of working, both at home and in newly dangerous roles, people all over the world were forced into adapting to the pandemic and economic crisis while doing their jobs.
5. Networking in the New Reality
To many people, networking feels a bit like squeezing into trousers one size too small. But networking is essential if you wish to amass the social capital indispensable to a successful career. Its importance has not diminished with the overnight explosion of remote working. If anything, networking has become more critical, as jobs and advancement opportunities are swept away by the coronavirus.
6. Transform data with Excel Power Query
Excel users often need to take and transform data from comma-separated-value (CSV) files for analysis. Fortunately, Excel has a tool designed to assist with this process — and it’s easy to use. Power Query was first introduced as a downloadable COM add-in with Excel 2010 and Excel 2013. It went native in Excel 2016 with its own grouping on the Data tab of the Excel Ribbon...
7. The cynic’s case for why brands need to double down on the Facebook ad boycott
Over the past couple of weeks, a parade of major brands and advertisers have been pulling their ads from Facebook for at least the month of July, officially joining or unofficially siding with a boycott started by a coalition of civil rights leaders called Stop Hate for Profit. This has attracted blanket press coverage, but we hadn’t really heard from the social network itself.
8. GAAP and IFRS: The Importance of Accounting Comparability
Could deviating from industry norms and employing atypical accounting choices hurt companies and managers? Accounting standard setters and regulators seek greater comparability in financial reporting. In fact, U.S. GAAP has been significantly evolving over the years, but accounting standards are inherently complex. And, the recent changes in U.S. GAAP actually introduced new analytical challenges for investors.
9. Firms look to tech for lifeline in a crisis
As many office workers approach four months of working remotely, quick and agile tech transformation has been the key enabler to maintaining stability. “Coronavirus has created this bolt of change that was forced on all organisations across every sector to respond incredibly quickly to enable continued business continuity”, says Mark Lillie, global technology, strategy and transformation lead at Deloitte.
10. Climate Risk: Understand, Plan and Fortify
How has the pandemic changed preparedness for climate risk? FEI Daily spoke with Katherine Klosowski, VP of Natural Hazards and Structures Engineering at FM Global to find out.
