Seventy three per cent of corporate financial executives believe that standard GAAP reporting does not provide analysts with sufficient information about their company’s liquidity according to a survey conducted by SunGard Treasury Systems and GTNews. However, 75 per cent also confess that the data available to them about the liquidity of such executives’ companies is sub-optimal. In June 2003, GTNews.com polled its international readership consisting of corporate financial executives. Over half of the qualified responses were from firms with annual revenue in excess of US$1bn. The results clearly indicated that financial executives of large companies are concerned about banks and investors relying solely on GAAP-reported figures as such executives place importance on additional cash flow data. ‘Financial executives need real-time visibility into free cash flow because that one metric is the best indicator of the health of your company,’ said Ken Dummitt, president, SunGard Treasury Systems.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.