Financial Reporting: Page 3
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Joey Sirmons/CFO Dive
Sustainability experts: ‘Start preparing now’ for SEC climate rule, other disclosure regulations
Despite the SEC rule’s temporary stay, sustainability experts said companies should not wait for the court’s ruling to begin preparing for compliance.
By Zoya Mirza , Lamar Johnson • July 17, 2024 -
Drew Angerer via Getty Images
SEC rule jumpstarts Corpay CAO’s ESG push
The climate-risk disclosure rule’s March passage helped push the payments player to double down on its ESG reporting strategy, Chief Accounting Officer Alissa Vickery said.
By Maura Webber Sadovi • July 16, 2024 -
Explore the Trendline➔
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TrendlineFinancial reporting enters a new age
Finance leaders are increasingly relying on metrics including churn, net promoter score and customer growth to reveal company performance in a way traditional GAAP measures cannot.
By CFO Dive staff -
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5 takeaways on costs, challenges of climate disclosure compliance
Complacency regarding the SEC’s now-stayed rules could leave companies “scrambling to try to get ready” once they are put in place, PwC’s Marc Siegel said.
By Maura Webber Sadovi • July 15, 2024 -
Sponsored by WilliamsMarston
Unleashing the power of automation in accounting
Discover how WilliamsMarston’s team of accounting, tax and valuation experts can help you navigate your most complex challenges and drive transformational outcomes.
July 15, 2024 -
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Ex-Disney CFO joins FanDuel parent Flutter’s board
The high-profile Disney alum is joining Flutter’s board as the company is doubling down on its U.S. sports betting business.
By Maura Webber Sadovi • July 3, 2024 -
Chip Somodevilla via Getty Images
SCOTUS gives CFOs ‘brand new lens’ for tax positions
Businesses should review their tax positions to see if they are dependent on a regulation that might be vulnerable to a challenge, attorney Robert Kovacev said.
By Maura Webber Sadovi • July 1, 2024 -
Astrid Stawiarz via Getty Images
Fossil names interim CFO after finance chief follows CEO out the door
The watch and jewelry retailer is bringing in a Radisson Hotel and Icahn Enterprises alum as interim CFO after reporting a 22% drop in net sales for its most recent quarter.
By Grace Noto • July 1, 2024 -
Rodin Eckenroth via Getty Images
Hallmark Media nabs Paramount exec for CFO
Anaïs Lempereur is the latest in a swell of executives departing from Paramount in recent months.
By Grace Noto • June 27, 2024 -
Justin Sullivan via Getty Images
HP taps former JP Morgan executive as CFO
The transition comes as the tech giant is focused on recovering from sagging sales after heightened demand during the COVID-19 pandemic.
By Alexei Alexis • June 26, 2024 -
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FASB sets compliance clock for new expense disclosure rules
Compiling data to comply will take “quite a bit of company resources,” said Nicole Wright, an associate professor of accounting at James Madison University.
By Maura Webber Sadovi • June 26, 2024 -
Laurence Dutton via Getty Images
Deep DiveModern finance team makeovers: Flexing the FP&A muscle
As CFOs increasingly walk the line between finance and operations, FP&A leaders are stepping up to serve as their analytical brain trust.
By Grace Noto • June 26, 2024 -
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Restatements decline, with small companies more prone to error: CAQ
The Sarbanes-Oxley Act of 2002 prompted a long-term reduction in restatements by tightening financial reporting and audit rules, CAQ said.
By Jim Tyson • June 24, 2024 -
Courtesy of Pat Dorsman for FAF
With reservations, FASB votes for narrower software rules update
While some members expressed concerns about not going far enough to modernize the rules, the FASB voted 7-0 to move forward with a more targeted proposal.
By Maura Webber Sadovi • June 20, 2024 -
Matthew Horwood via Getty Images
Saab deputy finance chief moves to CFO chair
The CFO swap comes as the defense material provider is looking to continue a two-year hot streak, targeting organic sales growth between 15%-20% for 2024.
By Grace Noto • June 18, 2024 -
Mark Wilson via Getty Images
IRS aims to end ‘shell game’ by partnerships, targets $50B extra in taxes
Tax dodging by complex partnerships “has been overlooked for more than a decade,” IRS Commissioner Daniel Werfel said Monday.
By Jim Tyson • June 17, 2024 -
Chip Somodevilla via Getty Images
Ex-Synchronoss CFO to pay $125k fine for accounting misconduct
Alongside the reimbursement of certain compensation to Synchronoss, the ex-CFO agreed to pay $125,000 in civil penalties without admitting or denying the SEC’s charges.
By Grace Noto • June 17, 2024 -
Courtesy of FASB
FASB’s environmental credit rules recall crypto debate
Like crypto rules FASB recently finalized, the environmental credit accounting standards would provide specific guidance where GAAP is currently silent.
By Maura Webber Sadovi • June 13, 2024 -
Permission granted by Wise
Reduced pricing plan sees Wise shares slump despite profit surge
The fintech plans to continue its strategy of reducing prices for its customers, which is reflected in its forecast, interim CFO Kingsley Kemish said.
By Grace Noto • June 13, 2024 -
Win McNamee via Getty Images
Fed trims 2024 rate forecast to one cut, holds borrowing costs steady
The Fed decision followed a report that inflation last month rose less than economists predicted and at the slowest pace since 2021.
By Jim Tyson • June 12, 2024 -
Justin Sullivan via Getty Images
Alphabet hands new CFO $9.9M sign-on bonus
The incoming finance chief — Eli Lilly veteran Anat Ashkenazi — was granted the bonus in light of “her prior company’s forfeited compensation,” Alphabet said.
By Alexei Alexis • June 10, 2024 -
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Sponsored by WilliamsMarstonNavigating the IPO journey: Key preparation considerations for CFOs
Market shifts call CFOs for an IPO preparation session.
June 10, 2024 -
Spencer Platt/Getty Images via Getty Images
Sierra Club, NRDC drop legal challenges to SEC climate rule
The two environmental groups have decided to focus resources elsewhere to improve climate-related financial disclosures.
By Lamar Johnson • June 6, 2024 -
Courtesy of Toast Inc
Toast CFO aims to build ‘enduring’ company on path to profitability
Three years after Toast went public, thinking strategically about building a team for the future was one of her most important early priorities, said CFO Elena Gomez.
By Grace Noto • June 6, 2024 -
Courtesy of Pat Dorsman for FAF
FASB seeks comment on narrow hedge accounting fix
Despite a unanimous vote, some board members expressed concern the proposed improvements to GAAP hedging guidance do not go far enough.
By Maura Webber Sadovi • June 5, 2024 -
Courtesy of Hertz/GM
Hertz poaches Spirit Airlines CFO
Less than a year after taking the permanent CFO seat, Alexandra Brooks is exiting the rental car company as it struggles to manage its bold EV bet.
By Maura Webber Sadovi • June 3, 2024
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