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Your Company Needs a More-Radical Board of Directors

Harvard Business

My guess is that while a poor balance sheet might cause restless sleep, it’s the thought of an incorrectly reported balance sheet that brings on night terrors. Applying them broadly without reference to your talent strategy could make it impossible to source or retain the people you need to achieve goals.

Company 126
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What If Companies Managed People as Carefully as They Manage Money?

Harvard Business

Today’s executives spend a lot of time managing the balance sheet, despite the fact that it doesn’t represent their company’s scarcest resource. Finding, developing, and retaining this talent is hard — so much so that the business press refers to a “war” for talent. Vincent Tsui for HBR.

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Bank Profitability: Decoding the Income Statement

Tom Spencer

A bank’s income statement can be simplified into five main line items: Net interest income Non-interest income Operating expenses Provision for credit losses (PCL) Tax Image 1: Illustrative example of a bank’s income statement Source: CIBC’s 2022 Annual Report 1. The biggest swing in operating expenses is likely to be variable compensation.

Banking 89
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Repair Regulations: Limiting Business Deductions

Women in Consulting

into office supplies, these items must now be put on the balance sheet and depreciated and tracked. Any purchase of non-consumable items over $200 must be separately tracked and depreciated. Instead of lumping items like cheap printers, phones, routers, etc.

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How to Improve Your Finance Skills (Even If You Hate Numbers)

Harvard Business

Of course, there are also myriad books and reference guides on the topic. The most important concepts to grasp are “how to measure profitability, EBITDA, operating income, revenue, and operating expenses,” he says. See More Videos > See More Videos > Tackle the balance sheet. Play with numbers.

Finance 70
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5 Ways Your Data Strategy Can Fail

Harvard Business

Paradoxically, “data” appear everywhere but on the balance sheet and income statement. Leadership must realize that earning even a fraction of the value data offer takes more than simply bolting an AI program into one department or asking IT to digitize operations. Except for very few, this hasn’t happened.

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Back in the Saddle, Just in the Nick of Time

MishTalk

“Don’t think of this as Ally going down the road of the old GMAC,” Brown said, referring to the home lending unit that brought Ally to the brink of collapse. The bank has no plans to securitize its originations, and it won’t keep any servicing rights or build out a servicing operation, Ally spokeswoman Gina Proia said in an e-mail.

Mercer 28