BOYET MURCIA

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I recently met with the owner of a medium-sized family business. One of the topics we discussed was the possibility of his company going public through an initial public offering (IPO). Whenever IPOs are discussed, I sense from the company owner a feeling of both excitement and doubt—excitement over the…

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The public reputation of financial services, particularly those in banking, has been shattered over the past decade. Several established and well-known financial institutions have fallen. What has caused this fall from grace and what can be done to regain public confidence? According to Gavin Stewart, head of Strategy Execution at…

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Many companies have attempted to improve their financial close process, but most are still burdened with the slow-paced record-to-report cycle even to this day. Some companies take several weeks, or worse, even months, to close their books. I even know of companies that produce a different version of truth every…

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The most significant accounting change, bigger than the initial adoption of IFRS in 2005, is coming! International Financial Reporting Standards (IFRS) 9—Financial Instruments, a new accounting standard that will take effect on January 1, 2018, carries a provision where impairment losses will be measured based on expected credit loss model…