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Monthly Archives: October 2008

My New Toy & Some Social Media Tech News

Ok I admit I’m a tech gadget nerd, just like 3/4’s of the population right now. Once I got my Google Android phone, I’m SO happy I never bought into the iPhone hype. I’m an accountant, and I use a lot of email, blogging, web surfing, Twitter, Facebook, Brightkite, etc. With that being said, I NEED A KEYBOARD! Luckily I already had TMobile, so the switch happened with ease. It has some pretty great applications, and shows a bright future with more coming out each day. I was a little surprised at the popularity of Geocaching. I didn’t get it at first, but it seems like it’s a tech version of Hide & Seek. Not my thing, but neither is the activity on the Two Girls & One Cup video, and that was an internet sensation. Still shivering after that thought… Read More »

CFO Career Booms During An Economic Crisis

As finance executives are having a hard time finding the silver lining in the credit crisis, its no wonder that the recent problems on Wall Street have forced them to revisit their bank relationships, redo their forecasting, rethink their cash management strategy, and worry a lot more about what tomorrow will bring. But under the gloomy talk lies some good news for the future of CFOs, their careers. As the executives most in tune with what’s going on in the economy and how the crippled credit markets affect their organization, CFOs are once again in the spotlight after all the high-profile financial meltdowns. Read More »

The SEC backs off, and banks still turn coal to diamonds from their @$$

Fantastic!  The SEC issued an interpretation of an accounting standard that could make it easier for banks to report smaller losses, or perhaps even profits, when they announce results for the third quarter, which ended Tuesday.

So far, the move on Tuesday drew praise from the ABA, which whined to the SEC that auditors were forcing banks to value assets at drastically low “fire sale” prices, and rather than at the higher values the banks believe the assets should be worth in an orderly market. Read More »

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