The Latest

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    CFO automation/AI Close-up: back to tech basics

    CFOs tasked with streamlining financial processes must understand the ins and outs of automation to be able to measure and apply the technology’s benefits.

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    The image by Marco Verch is licensed under CC BY 2.0

    Holiday clues appear in October retail sales

    Consumers will be relying on credit cards, their savings and heavy discounts in what is shaping up to be an uncertain season for retailers.

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    NicoElNino via Getty Images

    Congruex taps Lumen Tech alum as new CFO

    Lumen Technologies alum Neel Dev will become CFO as Andy Carlson moves to a newly created role focusing on M&A, Congruex announced.

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    Lukas Schulze via Getty Images
    Deep Dive

    CFO stressors: four cures for inflation fever

    CFOs have seized on ways to shield profits against the worst price pressures in nearly 40 years.

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    Mario Tama via Getty Images

    AICPA seeks to ease talent ‘crunch’

    The Registered Apprenticeship for Finance Business Partners Program aims to help CFOs by expanding the pool of talent available for long-term employment.

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    champpixs via Getty Images

    Suppliers get break from extended terms as tables turn

    The go-to cash management strategy of extending payment terms is running out of steam. Suppliers are taking back control.

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    franckreporter via Getty Images

    Lease abandonments trigger accounting questions

    Companies are wrestling with the accounting implications of shrinking their real estate footprints. It’s not as simple as moving out and moving on.

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    iStock via Getty Images

    Cloud firm Lacework taps new CFO, considers IPO

    Symantec and Oracle alum Andrew Casey will bring his industry expertise to the CFO role as Lacework prepares to go public.

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    Permission granted by Associated Builders and Contractors

    U.S. will ‘narrowly avoid recession’: Goldman Sachs

    The Federal Reserve will slow the pace of tightening next month and early next year but not cut the federal funds rate until Q2 2024, Goldman Sachs predicted.

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    Courtesy of KeyBank

    KeyBank taps chief strategy officer as next CFO

    Clark H.I. Khayat has guided the Cleveland-based lender through several niche acquisitions. He succeeds Don Kimble, who is set to retire May 1.

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    gorodenkoff via Getty Images

    Tech execs see growth opportunities in economic downturn: EY

    Half of executives in the technology sector see a potential recession as a time to implement growth strategies.

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    Alex Wong via Getty Images

    Companies boost 2023 salary budgets to 20-year high: WTW

    U.S. companies — reacting to persistent inflationary and labor market pressures — are ratcheting up the targeted average pay raise they expect to hand out next year to 4.6%. 

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    SEC: Big fines make violations more than a cost of doing business

    The Securities and Exchange Commission ramped up enforcement and extracted record fines in fiscal year 2022, a signal to companies that it wants to see a change in behavior.

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    sommart via Getty Images

    IMA CFO says scenario planning is constant ‘balancing act’

    CFOs need to keep an eye on inflation, but must also ensure they are continuing to prepare for scenarios and future trends down the line, IMA CFO Russ Porter advised.

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    Khanchit Khirsutchalual via Getty Images
    Opinion

    A holistic approach to ASC 740

    Calculating taxes owed is always a monumental task. A provision which guides how companies recognize income taxes is proving to be particularly challenging.

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    Paul Kane via Getty Images

    Scotts Miracle-Gro CFO gets $1.45M signing bonus

    A record number of initial public offerings last year reduced the supply of CFO talent, giving seasoned executives such as Matthew Garth leverage in job negotiations.

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    Jack Gao via Getty Images

    Graham’s new Leaf Group CFO eyes growth

    Ross Landsbaum left Therabody to take the CFO seat at Leaf Group, which has been vacant since June 2021.

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    Baris-Ozer via Getty Images

    Most auditors pessimistic about economy: CAQ

    Inflation ranks as the top threat to U.S. companies in the coming months, according to auditors surveyed by the Center for Audit Quality.

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    Mumeries via Getty Images

    The CFO’s guide to the first 365 days

    In many ways, the first year in the CFO seat is like a road trip. You’ll need to prepare before you get in the car, listen carefully to your travel companions and keep an eye on the dashboard.

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    Justin Sullivan via Getty Images

    Etsy, AirBnb CFOs talk unconventional career starts

    The finance chiefs discussed how they got where they are, as well as the institutions that helped them along the way.

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    Ca-ssis via Getty Images

    C-suite, financial leaders eager to gain cash flow visibility

    Improving visibility into company cash flow and gaining tighter control of data is essential for financial leaders as they brace for the possibility of a recession, according to a study.

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    gorodenkoff via Getty Images

    Layoffs part of top-down, bottom-up cost-cutting strategy, Surface CFO says

    Surface Oncology is one of many biotechnology firms that have been cutting jobs as investor interest in the sector has dried up this year. 

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    Chip Somodevilla via Getty Images

    ESG materiality ranges beyond ‘bottom line’: SEC official

    The SEC will not limit scrutiny to a company’s income statement when verifying compliance with a proposed rule requiring climate risk disclosure, an agency official said.

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    Just_Super via Getty Images

    5 ways to cut waste in cloud spending: McKinsey

    Companies will probably increase cloud computing budgets by more than 20% next year even as they waste as much as 32% of their spending, according to surveys and analysts’ estimates.

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    Joe Raedle via Getty Images

    Tyson Foods board opens review of CFO’s arrest

    The CFO of Tyson Foods said he was “embarrassed” and apologized to investors in a manner similar to an earlier apology given to employees, noting the incident was “inconsistent” with company and personal values.