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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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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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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Deep DiveCFO 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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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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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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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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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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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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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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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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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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OpinionA 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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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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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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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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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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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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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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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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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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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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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.
