The Trial Balance is CFO’s weekly preview of stories, stats, and events to help you prepare.
Part 1: South Carolina’s Mysterious $1.8 Billion and Moloco’s CFO
Reporter Adam Zaki will take a look at the financial control aspects of the mysterious $1.8 billion that popped up in the state of South Carolina’s bank accounts. According to reports, it’s unclear where the money came from or its purpose. (4/2)
Contributor Sandra Beckwith’s Q&A this week features former investment banker-turned-advertising tech CFO Brandon Maultasch of Moloco. (4/4)
Part 2: This Week
Several key economic indicators are on the horizon this week to kick off the second quarter of 2024. Inflation has continued to persist through the first half of the year, and if you celebrated the Easter weekend holiday, you may have encountered the impact of the continued rise in cocoa prices.
We won’t know where the quarter ended for inflation until next week, but this week’s job numbers should indicate whether last month’s unexpected job gains indicate a recovered job market. Or, if the December and January downward revisions reveal a soft market.
- Job openings and labor turnover report: Tuesday, April 2, 10 a.m.
- ADP employment: Wednesday, April 3, 8:15 a.m.
- Employment report: Friday, April 5, 8:30 a.m.
Earnings this week: Shinhan Financial Group, Paychex, Cal-Maine Foods, Dave & Busters Entertainment, Aegon, Acuity Brands, Levi Strauss & Co., RPM International, Lamb Weston, Rentokil Initial, ConAgra Brands, Sabesp, PLDT.
Part 3: Metric of the Month
Finance leaders typically think of technology and automation when it comes to process improvement, but it’s your company’s employees who are often the critical enablers. Management accounting provides a good example of why an organization’s people are often the key ingredient for significant process improvements. Perry D. Wiggins, finance chief of APQC, discusses the value of collaboration for driving down process costs. (4/3)
