accounting update

Biggest fears for CFOs

BIGGEST FEARS FOR CFOS

 

  • Canadian CFOs have traditionally expressed higher net optimism than their U.S. counterparts, so this quarter’s findings mark a significant change from the past.
  • Although sales growth expectations in Canada continue to outpace those in the United States and earnings growth expectations are roughly the same, Canadian CFOs are more muted when it comes to such things as dividend growth and capital investment.
  • According to Deloitte’s Q1 CFO Signals™ survey, Canadian business concerns have largely shifted from the possibility of economic crisis or collapse to fears of further stagnation, leading to restrained expectations for sales and domestic hiring this year. Source: http://www.big4.com/deloitte/deloitte-survey-canadian-business-optimism-recovers-slightly/
  • Canadian chief financial officers (CFOs) seem very optimistic about their futures – and what’s more, that optimism is translating into plans to spend more on IT, according to a new survey from American Express Canada.Source: http://www.itbusiness.ca/news/canadian-cfos-looking-to-spend-on-it-survey-says/49541

 

Source: https://portal.feicanada.org/enews/file/CFERF%20studies/2011-2012/CFO%20and%20AC%20final%20CFERF%20final.pdf


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