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November 8, 2012
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Business Finance Today 
Your Bottom Line 
  • How to benchmark your finance function
    The best finance operations spend 17% less time collecting information, 25% more time analyzing it and cost 40% less as a percentage of revenue than the average finance function, according to a report by PricewaterhouseCoopers, which benchmarked the finance functions of more than 200 companies. Other qualities of a well-run financial operation include taking a long-term view on hiring and trying to cultivate in-house resources, having controls that aren't burdensome but are automated and integrated into operations, and having a 90-day budgeting cycle and forecasting cycles of seven days. CFO.com (11/7) LinkedInFacebookTwitterGoogle+Email this Story
  • IFAC releases for comment its 4-year work plan
    An International Federation of Accountants work plan for the next four years calls for launching specific initiatives to improve recognition of professional accountants in the business environment. "The key theme supporting this vision is that professional accountants in business should facilitate integrated governance, thinking, and management, as well as reporting, in organizations," says Roger Tabor, chairman of IFAC's Professional Accountants in Business Committee. Comments are being sought through Jan. 31. Accounting Today (11/7) LinkedInFacebookTwitterGoogle+Email this Story
In the C-Suite 
  • 7 leadership tips for President Barack Obama
    President Barack Obama has won four more years in office, but he'll need to demonstrate leadership if he's to make a success of his second term, Gretchen Gavett writes. Topping the president's to-do list: picking the right leadership team to support his agenda, even if that means firing former allies or hiring former enemies. "Obama should not assume that, because he was re-elected, he has the right team in place for his next mandate," says leadership author Claudio Fernández-Aráoz. Harvard Business Review online/HBR Blog Network (11/7) LinkedInFacebookTwitterGoogle+Email this Story
  • What to get noticed? Make yourself stand out
    Finding a clever way to stand out is a way to fast-track success, writes Ido Leffler, co-founder of Yes To Inc. For his first big meeting with Walgreen, Leffler writes, he wore an orange tie in support of his company's "Yes to Carrots" product line. "Needless to say, something about that meeting worked," Leffler writes. "In my mind, the tie had more than a little bit to do with it." Inc. online (free registration) (11/7) LinkedInFacebookTwitterGoogle+Email this Story
On the Move 
Off the Charts 
  • Sneaky ways the cost of a Thanksgiving feast can rise
    The traditional Thanksgiving feast can be the most expensive meal a U.S. household prepares all year, and it can be even more costly with the following items: designer or boutique turkeys that cost more than $120, organic side dishes that can run $50 for produce and any product made with corn, according to this article. Investopedia (11/6) LinkedInFacebookTwitterGoogle+Email this Story
SmartQuote 
[P]ick your shtick, be different, stand out, and leave the others in the dust."
--Ido Leffler, co-founder of Yes To Inc., writing at Inc.com
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