PITTSBURGH – In today’s economic climate, hoteliers are looking for ways to reduce costs across the board. To know where to cut, they must have the ability to access, view, compare, and dynamically analyze the performance data of their single hotel or multi-property, multi-branded portfolios. Without access to this vital information, operators may find themselves unable to make effective business decisions. Aptech, the industry standard for hospitality financial management, is LIVE at HFTP’s (Hospitality Financial & Technology Professionals) CYBER HITEC October 26 to 29 to demonstrate how operators can better weather this economic storm via technology.
Through creative accounting and a little-known quirk in campaign finance laws, President Donald Trump and Republican state parties have shuffled around millions of dollars in financial contributions in ways that effectively evade limits on the amount of money top donors can put up to finance the 2020 presidential campaign.
His Democratic challenger Joe Biden has done it too, but without constructing the labyrinthine web of transactions that Trump has.
Both presidential candidates have used political groups known as joint fundraising committees (JFCs) to solicit huge contributions from their top supporters. In theory, those contributions are supposed to be divided among the respective campaigns and the various state and national party organs that are part of the joint fundraising agreement—with the breakdown in cash falling along the legally prescribed limits on how much an individual can donate to each entity.
Investors are a step closer to gaining greater clarity on companies’ so-called supply-chain finance programs.
The Financial Accounting Standards Board, the private organization that sets accounting standards, voted Wednesday to add to its agenda a project exploring greater disclosure surrounding the arrangements.
Supply-chain finance is essentially a form of short-term borrowing to pay for goods and services. The funding, often provided by banks, pays a company’s suppliers earlier than they would normally be paid, at a slight discount. The company then pays the bank later, allowing the company to hang on to cash longer.
Financial institutions that offer such funding include
Greensill Capital and HSBC Holdings PLC. Coca-Cola Co. and
and many other blue-chip companies make use of the financing.
The tool has attracted scrutiny from the U.S. Securities and Exchange Commission, ratings firms and market participants, some of whom say it allows companies to portray
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