By Ashley Kao

Many companies cut expenses and costs last year due to the economic downturn caused by the Covid-19. They needed to stabilize the financial status of their company. What's your company's plan for the year in 2021? The CFOs have brought out some points for you to keep an eye on. You can make plans to achieve company goals while minimizing the risks.

• Economic Recovery- Finance chiefs expect companies’ revenue to rise 6.9% in 2021. Finance executives should monitor the potential risks, especially some industries hit hard by the pandemic.
• Cash and Capital Expenditures - Finance chiefs increase companies’ liquidity in the early months of Covid-19 and allocated some funds purposes. CFOs are reviewing the spending plans due to change of the consumer behaviors.
• Remote Work- Many of US employees are expected to work from home for 2021 as the pandemic still goes on. Finance executives shall evaluate their workplace footprint and assessing the pros and cons of moving offices.
• Furthermore, others which include Corporate Tax, Regulation, Trade, Mergers and Acquisitions, Dividends and Share Buybacks, ESG Disclosures and Libor Transition shall be given in the consideration.

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Source: The Wall Street Journal

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