The Latest
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SEC charges high school district CFO with misleading investors
Former finance chief Karen Michel told investors Sweetwater Union High School District in San Diego County would end the 2018 fiscal year with a $19.5M general fund balance while it was actually on track for a $7.2M deficit, the SEC says.
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Sponsored by ProphixInspiring the next generation of "digital native" finance leaders
Advanced technologies like AI elevate the role of finance, better drive competitive advantage
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BlackRock losing 'patience' on pace of corporate ESG disclosure
The hedge funds that lead most proxy battles seek to ride a rising tide of investor concern about sustainability.
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Courtesy of Discovery
Prior to WarnerMedia merger, Discovery CFO prioritizes subscriptions, balance sheet health
“I have no doubt we’re creating one of the absolutely leading content powerhouses in the world,” Gunnar Wiedenfels says.
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FASB OKs flexible discount-rate options under new lease accounting standards
The change permits private companies and nonprofits to save money by using different calculations for different asset classes.
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S&P 100 companies pay 20% overall tax rate: WalletHub
Technology and other S&P 100 companies last year curbed their tax liabilities thanks to comparatively low international tax rates.
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Business failure helped Chime CFO build resilience
Having a business that didn’t succeed past its venture stage gave Matt Newcomb a big-picture view that informs his strategic mindset at the fast-growing fintech.
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Gensler calls workforce a 'key asset' warranting corporate disclosure
Democrats on the Senate Banking Committee pressed SEC Chair Gary Gensler to require greater disclosure from companies on the diversity and other facets of “human capital.”
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DailyPay CFO on the burgeoning trend of on-demand pay
Allowing employees to withdraw money between pay periods increases their job satisfaction, which leads to higher company growth and valuation, Scot Parnell says.
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Pexel.com/Pixabay
OpinionRetailers missing out on tax incentives for ecommerce retooling
The types of innovation for which retailers can get state and federal tax credits is broader than many finance leaders realize, and the process is simplified, thanks to automation.
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Does tax to curb share repurchases misread the times?
The Senate’s proposed 2% excise tax on buybacks targets one problem while CFOs cite another in their capital deployment strategies.
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Photo by Alexander Suhorucov from Pexels
Opinion3 ways to kickstart subscription business models in Japan
Although it's a technology leader, Japan has lagged behind other countries in digital subscriptions, making it a growth target for SaaS and other recurring revenue businesses.
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Manufacturers plan to boost wages at record 3.5% rate
The tight labor market and high raw material costs are top challenges, the National Association of Manufacturers says.
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GM CFO reaffirms outlook, expects supply chain stability in 2022
Despite a global chip shortage that will likely cost the automotive industry $110 billion this year, General Motors will not be pulling back on investment plans or adjusting expectations, Paul Jacobson says.
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Government action needed to increase competition among audit firms: Turner
Auditors for U.S. companies need to shift their culture by putting investor interests first, former SEC Chief Accountant Lynn Turner said.
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CFOs debate duration of inflation
"It's not clear yet what inflation will stick and what will be temporary," Chipotle Mexican Grill CFO Jack Hartung said Thursday, reflecting other industry leaders' concerns about planning in a year with unknown parameters.
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Courtesy of Workiva
Workiva CFO on making choices to drive top-line growth
Making the investments that lead to long-term success requires trade-offs that Jill Klindt didn't fully appreciate during her years in accounting-focused roles.
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Bank of America names new CFO, adds 3 women to senior management
The bank's chief administrative officer and general counsel are also retiring. The shuffle of more than a dozen leaders comes two weeks after two longtime Bank of America executives said they were retiring at year's end.
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Gensler backs tougher disclosure rules for SPACs
The SEC chair is concerned that investors are bearing the cost of dilution built into the SPAC structure, and in effect subsidizing the companies they bring public.
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Former CFO of drugmaker Aceto sentenced for insider trading
Douglas Roth sold his shares two weeks prior to its public disclosure of financial troubles, the Securities and Exchange Commission says.
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CFOs leveraging APIs to improve decision making
The back-office technology is becoming important to data integration, giving finance leaders better tools for executing their strategy.
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Hyperautomation, 'intelligent composable business' next CFO priorities: Gartner
Automation works best when it's accompanied by an organizational structure that doesn't stand in the way of quick changes in focus, the research firm says.
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Remote workers complicate CFOs' state sales tax compliance
It takes just a single employee to create physical nexus in a state that would otherwise not generate a collection and remittance obligation.
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JetBlue makes acting CFO permanent
Ursula Hurley, a 17-year company veteran, has been leading finance on an interim basis since June, when Steve Priest left to become CFO of eBay.
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Courtesy of Stack Overflow
After $1.8B acquisition, Stack Overflow names new CFO
Veteran tech CFO Matt Gallatin joined the online community for software developers two weeks after European tech giant Prosus acquired it.
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"Uncharted-ERG_Mapbox-b027" by Mapbox is licensed under CC BY 2.0
Work backwards when replacing legacy systems, accounting specialists say
Launching new technology before knowing which dashboards and reports are most useful to individual accounting and non-finance team users will result in less-than-optimal results.
