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Cloud is differentiator as CFOs grapple with coronavirus impact

Unlike in the aftermath of the Sept. 11 attacks, when some lockdowns were imposed, CFOs today can organize their teams to operate remotely. 

Coronavirus to trigger corporate debt crisis, some analysts say

Since the 2008 downturn, companies have loaded up on cheap debt to fuel growth. Now they might face a reckoning if today's downturn leaves them struggling to repay. 

GNC CFO on women in finance: 'Don't feel the need to explain yourself'

Tricia Tolivar has worked in male-dominated fields for 30 years. She explained to CFO Dive how, as CFO of a large public company, she works to level the playing field.

'Real negative shock' to come after coronavirus, economics professor says

After WHO declared COVID-19 a pandemic, Joseph Haslag, head of University of Missouri's Economic Policy Analysis and Research Center, told CFO Dive what he thinks is on the horizon for the U.S. economy.

PCAOB chair: focus is on preventing bad audits

The regulator is making a push for audit reviews to include a meeting with company audit committees, agency chair William Duhnke said.

Most companies taking 'wait-and-see' approach to coronavirus

Two studies released this week show companies are becoming more apprehensive about coronavirus' impact on business performance. But can their risk management teams mitigate what's to come?

Opinion

How to get a clean accounts payable solution

Payment technology is available, but finance leaders are hesitant to add to their already fragmented collection of partially automated processes. Maybe they shouldn't be.  

CFO in the Know: Protecting capital in pre-revenue biopharmas

Last year, bankruptcies multiplied among early-stage drug companies, putting a premium on CFO finance management ideas. 

Local leaders possess greater long-term company focus

Being from the same state as the company headquarters has more impact on executives' focus on future growth than equity incentives, a study finds.  

Target CFO remains confident amid coronavirus threat to retail

The virus' spread is upending supply chain operations across the globe, but Target's new CFO retains "a ton of confidence" in its forward-facing strategy.

Economists still expect US to eke out slow growth this year

If domestic consumer spending holds up, the country can stay in positive growth mode, economists from forecasting firm Prevedere say.   

Opinion

An unlikely duo: CIO and CFO dynamic driving transformation success ... and failure

Removing friction between the CIO and the CFO, building strong working relationships and avoiding counter-behaviors can unlock a reduced IT cost. A principle roadblock? Establishing trust. 

How one Bay Area CFO is managing coronavirus concerns

Despite confirmed coronavirus cases in the California Bay Area, Mohit Daswani, CFO of ThoughtSpot, has a plan in place to keep his company calm.

10-K filings to reflect uncertainty of new accounting rules

New ways to account for leases and expected credit losses may pose a reporting test for companies.

How can CFOs stay ahead of tech, even if they're not tech-savvy?

The CFO can be the most influential executive when it comes to ERP, AI and RPA. But what if they don't come from a tech background?

Talent marketplace can help build future workforce

Factoring in non-traditional workers and letting workers play a role in their careers are part of a workforce strategy revamp that CFOs and HR heads must work together to build. 

SEC gives companies extra 45 days for reporting amid coronavirus uncertainty

By the end of April, companies must summarize why the outbreak is keeping them from filing public disclosures.

How CFOs are reporting coronavirus impact on earnings calls

Large companies including Apple, Microsoft and United Airlines are addressing investor concerns by significantly lowering their earnings expectations for the quarter and for 2020.

Opinion

Building a case for transforming your capital expenditure process

The real-dollar impact of having a cloud-based digital capital expenditure process can be substantial, which your colleagues outside of finance might not realize.

Navigating a COVID-19 remote work policy

A successful remote work plan will unite technology with existing workplace norms and expectations, one source said.

Which analytics should CFOs and CHROs track?

It is well-documented that talent retention and workplace satisfaction are crucial to a company's bottom line. But which analytics should CFOs keep tabs on to ensure they're well-versed? 

CFO sees transparency as key to smooth scaling

Anup Singh of tech security company Illumio hosts an "ask the CFO" Slack channel as one of the ways he keeps lines of communication open to employees and other stakeholders. 

SEC hits Cardinal Health with accounting violations

The company didn't have controls in place to detect improper payments by a former Chinese subsidiary, the SEC says. 

Will more CFOs switch to mark-to-market pension accounting?

With the Federal Reserve signaling an interest-rate response to the coronavirus, continuing low interest rates could drive CFOs to move away from amortization of pension losses.  

Delta CFO credited with turnaround retiring; coronavirus impact remains challenge

With 108 confirmed cases of coronavirus within the U.S., the CDC is warning against nonessential travel to several countries. As Delta sets a strategy, its CFO is departing.