Strategy & Operations: Page 4


  • The logo of KPMG hangs on the facade of a building.
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    Sean Gallup via Getty Images
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    KPMG backs 120-credit hour alternative CPA licensure option

    Paul Knopp, KPMG U.S. Chair and CEO, called the deepening accounting talent shortage “a brewing crisis” that needs to be addressed in the “near term.”

    By Oct. 9, 2024
  • A photo illustration of Kamala Harris and Donald Trump shoulder to shoulder facing away from each other. The background is a purple wave with a grid gradient.
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    Photo illustration: Industry Dive; Joe Readle/Getty Images; Brandon Bell/Getty Images

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    C-suites say both Trump and Harris would hurt U.S. competitiveness: PwC

    The hard-to-predict outcome from the Nov. 5 election has compelled CFOs to scale back business expectations and forgo investment, recent surveys show.

    By Oct. 9, 2024
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    lorozco3D via Getty Images
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    Trendline

    Compensation: solving the cost-talent puzzle

    In today’s strong labor market, CFOs leery of raising wages find creative ways to find and retain key employees.

    By CFO Dive staff
  • Financial reports
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    AICPA moves to amend financial statement standard

    As companies are increasingly outsourcing accounting, the AICPA is looking to amend the standard for financial statements prepared by an external entity.

    By Oct. 8, 2024
  • Header image for "Small Business Optimism Slips 2 Points"
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    Getty Images via Getty Images
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    Small business uncertainty hits record high: NFIB

    High borrowing costs, a major cause of uncertainty, show no signs of easing even though the Federal Reserve last month cut the main interest rate by a half percentage point.

    By Oct. 8, 2024
  • Female analyst uses digital interactive whiteboard for presentation to a board of executives.
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    gorodenkoff via Getty Images
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    Corporate boards, C-suite teams urged to step up tech focus

    The current tech landscape “now demands that businesses reinvent themselves to remain competitive,” according to a report by the National Association of Corporate Directors.

    By Oct. 8, 2024
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    CFO compensation at recent IPO companies hits $1.2M average

    Setting executive compensation has become more complex for companies considering an IPO because of regulatory, legal and other factors, Alvarez & Marsal said.

    By Oct. 7, 2024
  • Helicopters fly through smoke-tinged air above a city.
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    Amir Levy via Getty Images
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    Companies signal pullback on Israel-Gaza philanthropy: Conference Board

    As the conflict enters its second year, some companies will likely wind down funding commitments amid concern about backlash to corporate policies, the Conference Board’s Andrew Jones said.

    By Oct. 7, 2024
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    MirageC via Getty Images
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    Sponsored by Protiviti

    AI investments require the CFO’s expertise – and vice versa

    AI aids CFOs' top goals, with 1 in 3 finance firms using it for automation and forecasting.

    By Chris Wright, Managing Director Global Leader, Business Performance Improvement Practice • Oct. 7, 2024
  • The exterior of a U.S. Bankruptcy Courthouse.
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    GussWilder for iStock via Getty Images
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    Inflation, interest rates continue to drive big business bankruptcies

    The services, manufacturing, finance and real estate sectors are among the industries experiencing higher levels of financial distress, according to Cornerstone.

    By Oct. 4, 2024
  • A text bubble labeled "AI" alludes to an image of ChatGPT.
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    Stock Photo via Getty Images
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    What must-have AI skills do finance execs need? First, dig in.

    CFOs don’t need to code AI themselves, but they do need to try it out and learn how it can be applied to their individual situations, consultants say.

    By Chris Gaetano • Oct. 4, 2024
  • A group of people wait outside a grocery store glass door that has a sign posted on it.
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    Jonathan Drake/Reuters

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    Hurricane Helene aftermath prompts card, cash troubles

    After the storm ripped through the southeastern U.S., consumers and merchants have been left grappling with card network outages and cash shortages.

    By Lynne Marek • Oct. 4, 2024
  • Close up image of a man studying a see-through computer monitor that’s displaying text provided by an chatbot.
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    Laurence Dutton via Getty Images
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    Generative AI hits 28% usage rate, spreads throughout US workplace: NBER

    By March generative AI’s most common tools had been accessed more than 3 billion times by hundreds of millions of users every month.

    By Oct. 3, 2024
  • Minnesota State Capitol
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    Stephen Maturen via Getty Images
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    AICPA, NASBA draft new CPA rules for states to model

    The proposed update to the Uniform Accountancy Act is a key step toward opening a path to CPA licensure that requires fewer college credits.

    By Oct. 3, 2024
  • Businesswoman working at her desk
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    Tinpixels via Getty Images
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    US corporate commitment to diversity in decline, McKinsey says

    “Progress is surprisingly fragile, especially for women of color, who continue to be underrepresented at every level” of the corporate hierarchy, McKinsey said.

    By Oct. 2, 2024
  • The Deloitte offices stand in 2 New Square on October 2, 2018 in London, England.
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    Jack Taylor via Getty Images
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    Deloitte teams up with contract data analytics firm Pramata

    Pramata’s focus on protecting clients from generative AI “hallucinations” was a key reason it was selected to become a Deloitte partner.

    By Oct. 2, 2024
  • A smartphone displaying the Affirm app
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    Courtesy of Affirm
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    Affirm may offer discounts after Fed interest rate cut

    The Federal Reserve’s interest rate reduction may give the company leeway to offer more consumers 0% interest or a lower APR, Affirm CFO Michael Linford said this week.

    By Patrick Cooley • Oct. 2, 2024
  • Zoom founder Eric Yuan speaking on a podium
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    Kena Betancur via Getty Images
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    Zoom picks Microsoft vet for CFO

    Michelle Chang will take the video conference provider’s financial reins as the company pushes to advance its AI-first work platform.

    By Oct. 1, 2024
  • Man using a laptop computer chatting with an intelligent artificial intelligence asks for the answers he wants.
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    Supatman via Getty Images
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    Fed’s Cook says ‘impressive’ AI innovation has yet to lift productivity

    Cook highlighted the long-term potential of artificial intelligence to spur economic growth, lift wages and ease price pressures.

    By Oct. 1, 2024
  • Workday headquarters
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    The image by Coolcaesar is licensed under CC BY-SA 4.0
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    Workday takes on Microsoft in race to transform corporate finance

    The recent introduction of Workday Assistant, an AI companion, follows the release of Microsoft’s Copilot for Finance earlier this year.

    By Oct. 1, 2024
  • Jerome Powell, testimony, U.S. House, Financial Services Committee
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    Win McNamee via Getty Images
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    Powell says Fed policymakers not ‘in a hurry’ to cut interest rates

    “We’re recalibrating policy to maintain the strength in the economy, not because of weakness in the economy,” Federal Reserve Chair Jerome Powell said.

    By Sept. 30, 2024
  • US Supreme Court
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    A look at 7 Supreme Court cases Big Business will be watching

    The court’s term begins Oct. 7 with a docket that involves corporate securities, labor, RICO and environmental questions.

    By Justin Bachman • Sept. 30, 2024
  • Businesspeople walking and talking in the office's corridor
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    FG Trade via Getty Images
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    Sponsored by Thomson Reuters

    Evolving CFO roles and the impact on corporate tax departments

    The transformation of the CFO role is reshaping corporate tax departments, driving them towards greater strategic involvement, technological adoption and enhanced compliance.

    Sept. 30, 2024
  • Customer with water in his cart is shown shopping inside a Costco store.
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    Joe Raedle via Getty Images
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    Costco CFO targets lower prices amid ‘effectively flat’ inflation

    Costco lowered prices on a number of its store brand items as high food prices have become a hot button issue in the presidential election.

    By Sept. 27, 2024
  • The Wall Street sign in the Financial District of Lower Manhattan in New York City.
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    hapabapa via Getty Images
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    IPOs rebound through Q3 on prospect of falling interest rates: EY

    Despite the emerging recovery, several headwinds to IPOs persist, including conflicts abroad and the hard-to-predict outcome of the Nov. 5 election, EY said.

    By Sept. 27, 2024
  • Six executives from green banks in localities across the country announce the creation of the Green Bank 50 coalition.
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    Lamar Johnson/CFO Dive
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    Climate Week NYC 2024 delivers carbon removal deals, green banking coalition

    The annual climate event launched with announced commitments to triple nuclear energy financing, decarbonization initiatives across the aviation sector and some carbon offset deals.

    By Lamar Johnson • Sept. 27, 2024