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November 15, 2012
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Business Finance Today 
 
  • SEC sets record for enforcement actions
    The Securities and Exchange Commission initiated the most enforcement actions in its history against financial advisers and investment firms during fiscal 2012, which ended Sept. 30. The regulator filed 147 actions, one more than in fiscal 2011, the previous record. InvestmentNews (free registration) (11/14) LinkedInFacebookTwitterGoogle+Email this Story
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Your Bottom Line 
  • Why more companies are bringing finance and accounting tasks in-house
    More companies are bringing accounting and finance functions in-house, reversing a decadelong trend to cut costs by outsourcing those functions. "In some cases, we can actually do it cheaper in-house. In some cases, it was dissatisfaction with the quality of the work that was being done" by the outsourcing service provider, said Stephen Cosgrove, chief accounting officer at Johnson & Johnson. CFO.com (11/14) LinkedInFacebookTwitterGoogle+Email this Story
  • Accounting for Sandy presents challenges for companies
    The damage from superstorm Sandy likely will not be classified as "extraordinary" for financial reporting purposes, according to a report from PricewaterhouseCoopers. Companies should consider using non-GAAP measures and additional disclosures in their financial reports to describe losses due to Sandy, but should be careful not to employ measures or disclosures that mislead, PwC advises. The Wall Street Journal/CFO Journal (tiered subscription model) (11/13) LinkedInFacebookTwitterGoogle+Email this Story
In the C-Suite 
  • How to be a lifelong learner
    Lifelong learning takes concerted effort and focus, writes Kevin Daum. To keep an open mind to new ideas, Daum suggests quieting your inner voice, arguing with yourself, acting as though you are curious even if you are not, finding a kernel of truth in the idea being presented and focusing on the message, not the messenger. Inc. online (free registration) (11/14) LinkedInFacebookTwitterGoogle+Email this Story
On the Move 
  • Mark Vranesh will become CFO of Zynga. He will succeed David Wehner. Bloomberg (11/14) LinkedInFacebookTwitterGoogle+Email this Story
Off the Charts 
SmartQuote 
Some people are naturally curious and others are not. No matter which category you are in you can benefit from behaving like a curious person."
--Kevin Daum, writing at Inc.com
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