MS Industry News

Accounting

Ex-Salix CFO Fined $1M for Misstating Inventory

The SEC says Adam Derbyshire failed to disclose high wholesaler inventory levels of Salix’s drugs resulting from its practice of overselling demand. (CFO)

http://ww2.cfo.com/regulation/2018/10/ex-salix-cfo-fined-1m-for-misstating-inventory/

 

Finance

Metric of the Month: Cycle Time to Prepare the Financial Forecast

Getting accurate information in a timely fashion is the difference between getting caught in a storm and being prepared for whatever conditions lie ahead. (CFO)

http://ww2.cfo.com/forecasting-budgeting-planning/2018/10/metric-of-the-month-cycle-time-to-prepare-the-financial-forecast/ 

 

Business & Management

The ABC’s of Documenting Standard Operating Procedures — and Why Your Business Can’t Afford Not To

SOPs can reduce the need for owner involvement and increase a company’s valuation at the time of sale. (Entrepreneur)

https://www.entrepreneur.com/article/320266