Financial Executive: May 2012

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Table of Contents

40           COVER STORY

Social Technology: The Next Frontier

Social technology for business is much more than simply networking on Facebook, LinkedIn or Twitter. Understanding its foundational concepts and how to integrate them into a business strategy can be a game-changer for 21st century companies.

By Scott Klososky            

 

FEATURES

22           INFLATION

Should Inflation Be a Worry?

The economy is in the midst of a modest recovery, but high oil prices and monetary policy are threatening to undo recent gains. What’s a business to do?

By Paul Sweeney

 

26           TREASURY

Derivatives Regulatory Concerns of End Users

With Dodd-Frank rulemaking ongoing, treasurers are gaining clarity on its impact on how they manage risk. Five top implementation concerns remain.

By Pam Brown

 

30           INNOVATION

Innovation 3.0: Sparking an American Renaissance

Unleashing the core strength of U.S. companies — their innovative edge — should be among the highest priorities of financial executives.

By Scott D. Anthony

Read for CPE credit

 

35           ENTERPRISE RISK MANAGEMENT

The Real Benefits of Continuous Monitoring

As a new foundation technology, CM is built to go beyond current approaches to improve operations and profits and increase cash flows.

By Michael P. Cangemi

 

46           STRATEGY

Every Company is a Potential Cyberrisk Victim

Security breaches are so inevitable that every company’s strategic planning must include a coordinated defense against future attacks.

By Glenn Alan Cheney

 

50           TAX

The Rise of Global Tax Management Platforms

New tax technologies are enabling process improvements over the full tax lifecycle, putting it on par with the finance function.

By Bob Norton

Read for CPE credit

 

54           VALUATION

Lessons Learned in Valuing Contingent Consideration

The formula protects buyers against downside risk, permits sellers to share in upside potential — and lets both sides meet in the middle.

By Lynne Weber and Gary Raichart

 

61           COMPLIANCE

Challenges of a Mobile Workforce

Today’s mobile executives pressure companies to manage potential financial exposure and risk and meet compliance demands.

By Richie Zook and Eileen Mullaney

 

64           COST CONTROL

A More Enlightened Approach to Cost Control

Sustaining working capital in good times and bad requires prioritizing and synchronizing cost management with the business plan … strategically.

By David Douglass

 

68           REPORTING

Integrating T&E into the Finance Function

End-to-end expense management programs combined with best practices offer CFOs better data and a more comprehensive view of the company’s T&E spend.

By Jay Cary

 

IN EVERY ISSUE

6              From the President


8              From the Editor


9              News & Reviews

  • JOBS Act Aims To Help Raise Capital
  • Low-Cost Cities for Business
  • Tax Executives Sour on Prospects for 2012 Tax Reform
  • Bookshelf: The Power of Habit: Why We Do What We Do in Life and Business, by author Charles Duhigg


13           Financial Reporting

All Leases Aren’t Created Equal

By John Hepp and Mark Scoles


16           The Office

Visit Orlando and COO/CFO Larry Henrichs, Central Florida Chapter


19           Washington Beat

Private Companies Treading on an Increasingly Challenging Terrain

By Tyler Roberts


21           Private Companies

Maximizing Labor Productivity

By Greg Crabtree


73           Quick Study

Facing IRS Scrutiny? Here are 10 Strategic Moves

By Chuck Hodges and Susan Hu


75           Treasury

Fed’s Prudential Rule Changes Launch New Era in Financial Regulation

By Deborah Bailey


77           Tech Strategy

The FTC’s Consumer Privacy Framework and Next Steps

By Melissa J. Krasnow


81           Members Speak Out

The U.S. Government Should Have a CFO

By Michael M. McCluer


83           FEI News


84           Balance Sheet

Mark Vendetti, Columbus, Ohio Chapter