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Survey: CFOs hopeful, employees wary, 2 months into pandemic

While CFOs are growing increasingly optimistic about their business' adaptability and ability to recover, employees remain uncertain, a new PwC survey finds.

IRS: Business expenses not deductible under PPP loans

The chairs of the House and Senate tax-writing committees are expected to challenge the IRS' interpretation of the program to help small businesses survive the pandemic.  

Survey: Amid ongoing disruption, CFOs double down on cutting jobs

CFOs are cutting real estate spend, sales reward trips, social media marketing and service provider contracts, expecting they are unlikely to return to previous funding levels once revenues rebound, a new Gartner survey shows.

Wages holding back repatriation of foreign profits, study finds

The drop in the corporate tax rate from 35% to 21% is unlikely to lead to a boom in repatriation of foreign profits by U.S. corporations. 

Q&A

CFO in the Know: Are CFOs ready to go with the EU's medical device regulations?

Requiring fewer applications to submit for approval, the new process could ultimately cost companies less.

How to become CFO, mid-pandemic

Juan Carlos Barreto stepped in as CFO of telecom supplier Tekmovil on April 30. He told CFO Dive how he's managed his new team over Zoom and continued hiring all through the second quarter.

Study: COVID-19 cost cuts may damage CFOs' long-term growth prospects

As the coronavirus pandemic lingers, CFOs who prioritize long-term growth over short-term cost cuts help their companies prevail relative to their peers, a longitudinal study from Gartner Finance found.

CFO's challenge: Balancing fast growth with controls

As data governance start-up PeerNova prepares to resume expansion after the shutdown, its CFO brings hard-won lessons to head off its accounting problems.

Tyson Foods CFO: Despite continued losses, long-term outlook remains positive

Tyson Foods shared its disappointing profit figures in its Q2 earnings call, but stressed continued optimism as more customers purchase their pork, beef and chicken products in non-restaurant settings.

As transactions move online, handling fraud, friction become key

Too much fraud protection means too few sales. CFOs need to decide what balance they're willing to accept as e-commerce increases. 

Restaurants call on insurers to pay business interruption claims

Lawmakers and lawyers are getting involved as insurers say COVID-19 isn't covered, while Main Street businesses say they're counting on the proceeds to keep them afloat.  

Ahead of workers' strike, Amazon CFO calls first quarter 'gut-wrenching'

On an earnings call one day before the International Worker's Day walkout, CFO Brian Olsavsky commended Amazon employees, but neglected to comment on the policies they are protesting.

75% payroll rule makes PPP loans useless, business owners say

Small business owners need help with operational costs, which the government's program fails to cover without risking loan forgiveness.

Fed expands Main Street program, cuts loan threshold by half

The central bank is including larger companies, but some small-business advocates and industry leaders say the $500,000 minimum loan is still too high.

Bed Bath & Beyond replaces CFO as stores continue shuttering

CFO Robyn D'Elia exits after two years with the company, as CEO Mark Tritton looks to turn around the struggling home goods retailer.

Goodwill impairment testing during COVID-19 times

Economic uncertainty is forcing finance chiefs to rethink the impairment testing process.

Ford Motor CFO stresses 'maximizing liquidity' amid Q2's $5B operating loss

CFO Timothy Stone announced a loss figure twice as large as analysts expected on the auto company's latest earnings call, but believes the company has the cash it needs for 2020.

When to reprice or replace equity-based compensation awards

If your executive team members' compensation includes stock options or other equity awards, don’t rush to change them; values have plummeted, financial planners say. 

How a fintech CFO preserves long-term ambition through cost-cutting amid pandemic

As the coronavirus pandemic brings fast-growing startup culture to its knees, fintech CFO Catherine Birkett advises balancing long-term ambition with near-term KPIs.

CFOs cautioned on post-lockdown tort risk

Plaintiff attorneys face a high bar to show someone contracted COVID-19 after workspaces reopen, but defending against their claims is expensive.

Switching FP&A focus from growth to survival

How companies are charting their financial path when many of the old assumptions have been thrown out the door.

Survey: 42% of CFOs lack contingency plans for a 2nd COVID-19 wave

A second wave could mean another drop in customer demand that CFOs' revenue and profit models won't capture, a Gartner Finance research vice president said.

Survey: As states reopen, CFOs prioritize cost containment, safety measures

CFOs will focus on reducing costs and keeping their workplace safe as stay-at-home mandates lift and employees slowly return to work, a new PwC survey reveals.

How to use venture debt during the economic downturn

Start discussing funding with your lender sooner rather than later; the downturn has slowed the process down.

6 Guidelines for CFO crisis leadership

Of the entire c-suite, CFOs are best-positioned to guide their companies through the pandemic, CFO Leadership Council President Jack McCullough said.