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Sale-Leasebacks Gain Ground
Now that banks have tightened their lending practices, more
companies are turning to alternative sources of financing, such as
sale-leaseback transactions. These occur when a company sells its
property to an investor or buyer and then rents the property back under
a lease. The primary reason for doing a sale-leaseback is to free up
cash. However, the transaction also can provide tax benefits and offer
more flexibility than bank financing.
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Managing
FX Volatility
If you're a financial exec charged with managing your firm's
FX exposure, you've had your work cut out for you lately. Most companies
have relied on their financial consolidation programs, aided by ad-hoc
and spreadsheets -- the "gum-in-the-dam scenarios" -- to get an idea of
their exposures, Wolfgang Koester, corporate currency strategist with
Fireapps, notes, but that may not cut it in this volatile
market.
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Trade
Protectionists Rattle Supply Chains
While the leaders at the recent G-20 meetings went to great
lengths to appear united in their efforts to battle the ongoing
financial crisis, a different story is emerging from behind the scenes.
A report by the World Bank indicates that 17 of the G-20 have
implemented 47 measures "whose effect is to restrict trade at the
expense of other countries."
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Globalization Is Nothing New
Globalization is a buzz word these days, but it's not a new
concept, according to Mark Billings, a lecturer in accounting and risk
at Nottingham University in England. He researched the history of
corporate treasury, including the broader economy in which companies
operated, and found that levels of globalization fluctuated over the
decades and it wasn't until the 1990s that the world had returned to the
levels that had existed around the time of World War I.
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Musings
on Mark-to-Market
Last month, the Financial Accounting Standards Board eased
its guidance on FAS 157-e, better known as mark-to-market. Many
financial institutions hailed the change, however, the new ruling won't
necessarily alleviate the challenges facing banks.
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What To
Do About China
There are signs of growing protectionism among a number of
the G-20 countries, but "these measures pale by comparison to Chinese
protectionism, which contributed importantly to the (financial) crisis,"
according to Peter Morici, a professor at the University of Maryland.
Morici, along with others, such as Treasury Secretary Tim Geithner,
believe China is manipulating its currency, which hurts the sale of
American-made goods.
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BPM
Summit Presentation: Rethinking Planning, Budgeting, Forecasting, And
Target Setting
The 6th Annual BPM Summit, Generating Value Through
Visibility, brought together some of the business world's foremost
practitioners to explore the transformational role of finance in the
enterprise. If you missed the live event, you can still enjoy unlimited
access to the audio and slide shows from the keynote speaker
presentations at our on-demand archive.
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Visit the
BPM Magazine Resource Center
Here you will find white papers, product demos, and
presentations from companies whose reputations have been built on
helping BPM practitioners get the most from their initiatives. You can
browse the content "booths" by vendor or category.
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Expert
Video

Cost of Capital Bifurcating Business: Ajit
Kambil, Global Research Director, Deloitte's U.S. CFO Program, explains
how "cost of capital" is increasingly becoming a strategic
differentiator as companies with a low cost of capital begin snatching
up critical assets. Meanwhile, companies with a high cost of capital are
being left at the sidelines.
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