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Will the election results bring 'Certainty?'.

By the time many read this column, Nov. 6 will be history and the election of a U.S. president decided - at least, we hope it is decided then (recall the election of 2000). Going on the assumption that the election will be decisive - and the U.S. is preparing to welcome No. 45 to the White House on Ian. 20, 2013, as well as the new 113th Congress - does this mean that the spell of uncertainty for businesses will end?


There is much discussion about what needs to occur in the lame-duck session of Congress, during which legislators must deal with the debt limit, "financial cliff" and sequestrations, among other fiscal issues. Consider, however, those in Congress will still be from the 112th, some of them outgoing. Will they try to rush through certain legislation or just extend provisions for a time to allow the 113th to handle? As such, perhaps uncertainty will remain - for some uncertain length of time.

But there is one area where you can expect certainty, and that is in reading Financial Executive. We offer insight and analysis of key issues facing financial executives in their work and profes-sion. You can be certain that 10 times each year a new issue of the magazine will be created, each of which is cram-full of content that deals with subjects to help you im-prove the performance and operations of your organization and your personal devel-opment, as well as the development those you manage.

For instance, among the articles in this issue, the cover story profiles the inductees into Financial Executives International's Hall of Fame Awards. For the seventh year, exemplary financial executives are honored; this year's four inductees bring the total to 20 members of the Hall of Fame.

In reading the inductees' responses to a series of questions, readers can gain in-sight into the thinking of these four highly successful and significant financial execu-tives who have served distinguished careers of nearly 40 years each with iconic Amer-ican companies: William J. Ihlanfeldt, Shell Oil Co.; Hans G. Storr, Philip Morris Cos.; Robert R Wayman, Hewlett-Packard Co.; John K. Wulff, Union Carbide Corp. Con-gratulations, gentlemen! I hope to see many of our readers and members at the gala to celebrate their induction, which is at Gotham Hall in New York on Nov. 12.

In addition, I call your attention to "The Last Mile of Finance, Growing Scrutiny?" which examines how financial executives are dealing with the close-to-disclose process, the final stretch of financial statement preparation.

"Dealing with the Implications of Accounting Change" focuses on the areas out-side of analyzing the technical accounting rules that financial executives need to in-clude in their management of accounting change and within their project team.

The article to read for continuing professional education (CPE) credits is "A Matter of Ethics: Understanding the Mind of a White-Collar Criminal," by Jonathan T. Marks, a partner at Crowe Horwath.

And, The Office column features, a unique nonprofit that con-nects donors with public schools in need of additional funding for special projects, and its chief financial officer Andy Kaplan, a member of FEI's Connecticut/Westchester Chapter.

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Title Annotation:FROM THE EDITOR
Publication:Financial Executive
Article Type:Editorial
Geographic Code:1USA
Date:Nov 1, 2012
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