The Latest
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Courtesy of Duolingo
Duolingo CFO credits operational discipline on IPO day
"The stock price is always going to do what the stock price does," CFO Matt Skaruppa told CFO Dive on opening day. "We've released it to the market; we can no longer control it. But we're really excited."
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Sponsored by EYHow insurers are divesting to shift to a digital future
Over 90% of companies in the sector say the changing technology and competitive landscape are directly influencing their divestment plans.
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SEC may require climate risk disclosures in expanded 10-Ks: Gensler
SEC Chair Gary Gensler says a company, when filing mandatory climate risk disclosures, may need to measure carbon emissions across its “value chain.”
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Loan performance could worsen under new lease accounting standards
For executives whose pay is tied in part to company performance, debt troubles from the reporting changes could impact compensation.
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Data-breached companies face higher bank lending costs
In addition to the other costs they must pay after their customer data is compromised, companies must pay higher interest rates and are subject to more loan covenants when they borrow funds.
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Global regulators unite to intensify scrutiny of SPACs
A group of securities market regulators from several countries launched a joint network to monitor SPAC deal-making.
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Megan Poinski/CFO Dive
Utz promotes VP of finance, accounting to CFO
With the creation of a COO role and appointment of a new CFO and Chief People Officer, the snack maker continues a rapid makeover of its executive office while growing its portfolio through acquisitions.
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Data, communications pose hidden scaling costs
Companies that avoid fragmented analytics and inconsistent internal engagement can keep operations aligned with growth, executives say.
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Tax complexity rising for global companies, survey finds
Global companies face increasingly complex taxation in dozens of countries, especially in calculating transfer pricing and when challenging tax assessments, according to a survey.
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Twitter CFO eyeing subscription model
Over time, CFO Ned Segal said, Twitter envisions subscriptions being a “big part” of the company. But currently, it's prioritizing advertising, which brought in over $1 billion during the second quarter, and "is firing on all cylinders.”
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Coronavirus real estate shifts pose accounting complexities
CFOs confront a tangle of accounting challenges as they reopen offices and prepare for post-pandemic use of real estate, a Deloitte survey found.
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Retrieved from Christina Morillo from Pexels.
Tech, talent investments vital to CFOs' post-pandemic strategy: survey
Nearly two-thirds of CFOs worry talent shortages could impair their strategic abilities, Grant Thornton’s 2021 Q2 Survey found, and a similar percentage are worried about controlling compensation and benefits costs.
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Usefulness of SaaS metrics lies in context, not isolation
High customer acquisition costs, like some low conversion rates, shouldn't automatically be considered a bad signal.
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Tomohiro Ohsumi via Getty Images
OpinionSubscriptions are set to boom in Latin America
Growing consumer credit options, cloud adoption and accommodation of local currencies are paving the way for continued SaaS growth post-pandemic.
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Fotolia
Companies flush with capitalization options
A heady environment for both public and private investment is on track to continue, according to a KPMG analysis.
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Retailer, former CEO charged with accounting failures
The SEC charged Tandy Leather Factory and its former CEO with knowingly maintaining a flawed inventory system that led to errors in its financial statements.
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J&J predicts faster coronavirus vaccine sales amid debate over boosters
The pharmaceutical company expects $2.5 billion in sales from its shot this year, its CFO told analysts, despite concerns over protection against variants and significant manufacturing setbacks.
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Courtesy of Remote
Why a startup went straight to full-scale ERP, shared-services center
When Pedro Barros, finance chief of workforce software company Remote, implemented his team's systems, he bypassed the typical piecemeal approach and kept his eye on global ambitions.
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Courtesy of NRDC
Corporate 'greenwashing' poses growing threat to ESG goals: report
Sustainable financing has surged since 2015 but false corporate claims jeopardize carbon reduction efforts, Generation Investment Management said in a report.
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Courtesy of Chipotle
Chipotle CFO: higher wages preventing staff shortages
The company maintains pricing power, finance chief Jack Hartung says, giving it flexibility to decide when to use that power to either protect margins or make an additional investment in its people.
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Photo by Mimi Thian on Unsplash
Making FP&A more business relevant
Financial planning and analysis teams work best when they know the operational side of things, say CFOs who've built or rebuilt the function recently.
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CEO, CFO charged with faking revenue, bond documents
The Securities and Exchange Commission alleges the former executives of FTE, a network infrastructure company, used phony paperwork to hide the financial health of the company while spending lavishly on themselves.
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Alex Wong via Getty Images
SPAC sponsor, merger target charged with misleading statements
Under a settlement for making inaccurate claims about the target company's technology, the sponsor must give up any founder shares it would have received from the merger, and private investment in public equity (PIPE) investors can terminate their subscription agreements before the merger.
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Justin Sullivan via Getty Images
Companies plan bigger pay raises in 2022, survey finds
"The war for talent is pretty significant," says Adrienne Altman of Willis Towers Watson, whose survey shows companies plan to raise pay next year more than in 2021.
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ExxonMobil taps outsider as CFO
Kathryn Mikells will take the finance reins at the energy giant amid pressure from investors to transition away from fossil fuels and towards renewable energy.
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SPAC deals will rebound for remainder of 2021: EY
After a second-quarter slump, the SPAC market will rebound in the second half of 2021 as deal-makers adjust to tougher regulatory scrutiny, EY said.
