Cash Management
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Can you provide a general overview of "local" vs. "functional currency", and the impact on hedging and intercompany transactions? (Webinar Attendee Question)
This question was asked during the Proformative webinar "Key Elements of a Successful Hedge Program." A video of the webinar can be viewed here: https://www.proformative.com/resources/webinar-video-key-elements-successful-hedge-program
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Accounting For Pledges Receivable - Capital Campaign
Question for the Non Profit experts out there about pledges receivable. I have a client who is in the middle of a Capital Campaign and is getting pledges that span from one to five years, many of which are employees. the client wants to record the present value of all Capital Campaign Pledges at th…
9
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Double Counting Foreign Currency Translation
Hi, I'm in the process of translating a USD entity into GBP and have come up with a Foreign currency translation reserve (FCTR) amount which makes sense. The calculation is all off line on an Excel file. Intuitively (to avoid double counting) it seems I should reverse the historic FCTR balance whic…
3
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Experience with GPS Capital (GPSFX) for Currency Trading
Anyone have any experience working with GPS Capital Markets? Good? Bad? Just doing some due diligence before furthering my relationship with them for some currency trading between US Dollars and Canadian Dollars.
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Paying a distributor.
I have a skin care line. Store is online, sell retail and to Aesthesticians currently. I am branching out to have distributors sell to salons, spas, medical doctors. Right now all that purchase the product orders online. Not sure what is the best wey to set up the ordering for the new customers so …
2
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Looking for a Credit Card processor?
I have been asked by a client to implement a credit card platform. Can anyone suggest a system that they are happy with? I would rather receive a referral than just go on-line and search through the thousands of services. My only requirements - high quality customer care, high uptime, support for…
9
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Switch of intercompany loan from foreign into functional currency - impact on CTA
Hello all, Could you please help me to understand what shall happen to currency translation adjustment in the following situation. There was a intercompany quasi-equity loan in euro provided by a European company to a Russian one. Accordingly, all FX differences were booked by the Russian company a…
3
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Cold Calling on Banking Prospects
I wanted to get opinions from commercial banking BDO's and sales reps. Does cold calling work in this business? If so, any good books or programs out there that cater to this specific niche in terms of cold calling, sales and marketing? Thanks!
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Cash Management Techniques & Cash Flow Optimization
The mantra "cash is king" is still "in effect: even though the economy has signs of turning the corner. As I try and ensure that my firm is leveraging technology to optimize cash flows and working capital I often still feel "behind the curve" in some sense. I would be interested in some insights a…
14
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LOC Secured by Cash
Exploring obtaining a line of credit from our bank, secured by cash. We will need to open a new savings account and hold xxx $ in that new account. Does this full amount now need to be treated as restricted cash or does that only become restricted to the extent we draw on the line?
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Are the banks getting any better at providing and correctly assigning AFP Service Codes on account analysis statements?
I.E., is it worth it to invest in bank account analysis software.
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How can I hedge margin on the P&L when we are a multinational company with operations in the EU - thus Euro revenue and Euro sales? (Webinar Attendee Question)
How can I hedge margin on the P&L when we are a multinational company with operations in the EU - thus Euro revenue and Euro sales? How can we protect margin on p&l ? I thought P&L hedging is not qualified for hedge accounting ? Can you please elaborate how this is done? This question w…
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Are non-deliverable currencies always expensive to cover? (Webinar Attendee Question)
Are non-deliverable currencies are always expensive to cover? What are you views recommendations for such exposures? This question was asked during the Proformative webinar "Key Elements of a Successful Hedge Program." A video of the webinar can be viewed here: https://www.proformative.com/resour…
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Fx gain/(loss) on hedges placed for US Company funding Mexican Sub (Maquilodora) in Peso
I have a question regarding Fx gain/(loss) on hedges placed for US Company funding Mexican Sub (Maquilodora) in Peso. It appears Peso is received in at contract rate to Mexico but charge back to US for monthly maquiladora mark-up is at spot (based on Bank of Mexico daily rate). I am not sure what…
6
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Performance Bonds
A service business (advertising) client of mine has been asked to obtain a performance bond. I am not familiar with this product and would appreciate an overview of the structure, costs etc. Also - is it common to have a performance bond on a service contract? I know its a given for many constructi…
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First time to translate report so need some kind help
assuming functional currency (FC) other reporting currency (RC) period 1 in FC revenue 200 profit 200 receivables 200 cash 0 period 1 in RC ex. rate 1/2 revenue 100 profit 100 receivables 100 cash 0 period 2 in FC ex. rate 1/2 revenue 0 profit 0 receivables 0 cash 200 period 2 in RC ex. rate 1/4 re…
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Bank reconciliations - do you still do it only at month's end?
Given the new types of services available with cloud software, do you still do month end bank reconciliations only? These new services allow you to reconcile on a daily basis, thus catching wires/ACH's "immediately" and error's as well. I've found it to be less tedious, more accurate and overall at…
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Are CFO's hoarding cash again?
It seems in the CFO literature that we CFO's are hoarding cash again. Are we? And if we are (more than usual that is), why? Rainy day fund? Armageddon? The great depression?
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