Financial reporting


  • Amazon AWS logo
    Image attribution tooltip
    Noah Berger via Getty Images

    Amazon CFO points to slowing customer spend as cloud growth shrinks

    Optimization efforts by more economical enterprise customers will continue to be a headwind for its AWS sector, Amazon’s CFO said.

    By Feb. 3, 2023
  • Audit
    Image attribution tooltip
    Peter Macdiarmid via Getty Images

    Audit committee job creep taking its toll

    With internal audit committees biting off more than they can often chew, committee members across businesses are feeling the burnout. 

    By Feb. 3, 2023
  • Plant sprouting out of dollar bills Explore the Trendline
    Image attribution tooltip
    Newbird via Getty Images
    Trendline

    ESG transforming CFO role

    Companies are turning to their CFO to identify ways to measure and report on their organization's environmental, social and governance (ESG) performance.    

    By CFO Dive staff
  • Large desktop computer stands on a desk with a computer monitor. The monitor shows a video game with soldiers attacking. There is a keyboard, mouse and headphones on the desk as well.
    Image attribution tooltip
    mikkelwilliam via Getty Images

    Activision Blizzard to pay SEC $35M for alleged disclosure flaws

    The video gaming company has been the target of regulatory scrutiny since allegations of sex discrimination surfaced in 2018.

    By Feb. 3, 2023
  • gene therapy
    Image attribution tooltip
    iStock via Getty Images

    Interim Illumina CFO takes permanent seat

    Joydeep Goswami’s appointment marks the executive’s first role in finance, and happens as the company faces headwinds from an acquisition last year.

    By Feb. 1, 2023
  • cryptocurrency graphic
    Image attribution tooltip
    Dan Kitwood via Getty Images

    FASB poised for another crypto vote

    The FASB is on track to issue proposed new standards for cryptocurrency by April. The implosion of crypto exchange FTX is likely to sharpen scrutiny of the project. 

    By Jan. 27, 2023
  • Side view of plane with Southwest logo
    Image attribution tooltip
    Kevin Dietsch via Getty Images

    Southwest ups tech spend to $1.3 billion

    The airline will be increasing its technology spending following a quarterly loss triggered by its holiday traveling system failure, which resulted in the cancelation of over 16,700 flights in a ten-day period.

    By Jan. 27, 2023
  • First bump between colleagues at work. Success in business. Everyday work in the office.
    Image attribution tooltip
    scyther5 via Getty Images

    CFO FP&A Close-up: finance function’s ‘octopus’

    Between intergenerational differences and specific skillsets, CFOs need to get a handle on how FP&A execs operate.

    By Jan. 27, 2023
  • Image of magnifying glass and the word audit beneath it.
    Image attribution tooltip
    Olivier Le Moal via Getty Images

    Auditors dialed back mandated disclosures: study

    The study found that auditors pulled back on their disclosures of potentially negative financial matters as companies adjusted to new reporting requirements.  

    By Jan. 26, 2023
  • Close up of IBM logo sign outside of a building
    Image attribution tooltip
    Tim Boyle/Staff via Getty Images

    IBM, SAP latest to slash workforce

    IBM joins Microsoft, Google, Salesforce and now SAP SE in paring down its workforce as the technology and software industries face a highly inflationary environment.

    By Jan. 26, 2023
  • A group of people look at and discuss financial indicators
    Image attribution tooltip
    courtneyk via Getty Images

    How to balance growth and cash flow amid uncertain demand

    Meritech Capital partner joins Airbase CFO to discuss metrics as a framework for when to say ‘no’.

    By Jan. 26, 2023
  • Image of motorcyclists driving over bridge.
    Image attribution tooltip
    Neilson Barnard via Getty Images

    Motorcycle retailer RumbleOn taps new CFO

    The Irving, Tex.-based company is swapping in a new CFO just under a year after the outgoing finance chief took the finance reins.

    By Jan. 23, 2023
  • Dollar bill with graph
    Image attribution tooltip
    claffra via Getty Images

    Huntington preps for mild recession following earnings beat

    The regional bank will aim for low-level expense growth and conduct some measure of organizational restructuring as it looks to position itself to weather a mild recession, CFO Zach Wesserman said. 

    By Jan. 20, 2023
  • Plant sprouting out of dollar bills
    Image attribution tooltip
    Newbird via Getty Images

    SMEs fall behind on addressing climate change

    A readiness gap is emerging between small and large companies in terms of their responses to climate change risks.

    By Jan. 20, 2023
  • Stressed businesswoman at desk
    Image attribution tooltip
    kieferpix via Getty Images

    nCino cuts 7% of workforce, CFO departs

    nCino and Microsoft are the latest tech firms to announce layoffs. The sector has been hit by declining sales for PCs and software, plummeting valuations and high inflation.

    By Jan. 19, 2023
  • Image of red stamp on a bill that says "PAST DUE."
    Image attribution tooltip
    Olivier Le Moal via Getty Images
    Opinion

    3 reasons to make accounts receivable a top priority

    Unpaid invoices take a nasty bite out of cash flow. Dean Kaplan writes that taking time early on to evaluate receivables and stratify accounts for fast attention will pay off.

    By Dean Kaplan • Jan. 18, 2023
  • Securities and Exchange Commission, SEC, Building in Washington DC
    Image attribution tooltip
    qingwa via Getty Images

    SEC aims to set climate risk, cybersecurity rules before May

    The agency, laying out an ambitious agenda, aims in early 2023 to complete several new regulations, many of them focused on increasing disclosures for investors.

    By Jan. 17, 2023
  • Reef Kitchens and Wendy's have signed a deal to open hundreds of units together
    Image attribution tooltip
    Courtesy of REEF Technology

    Wendy’s US CFO resigns amid shake-up

    The Dublin, Ohio-based hamburger chain is losing its U.S. CFO to another restaurant company as Wendy’s redesigns its organizational structure to pursue a long-term growth strategy. 

    By Jan. 17, 2023
  • Diverse employees team engaged in teamwork in modern boardroom
    Image attribution tooltip
    fizkes via Getty Images

    ‘Scope creep’ challenging audit committees: CAQ

    Audit committees are taking on more responsibilities as the SEC writes several rules requiring more detailed corporate disclosure.

    By Jan. 13, 2023
  • A judge slams a gavel in court.
    Image attribution tooltip
    gorodenkoff / iStock / Getty Images Plus via Getty Images

    Ex-CFO of email security firm pleads guilty in $50M fraud scheme

    The former CFO of GigaTrust faces a maximum sentence of five years in prison for his role in a conspiracy to defraud investors and lenders, including by fabricating bank statements.

    By Jan. 13, 2023
  • Pension fund
    Image attribution tooltip
    "Pension fund" by Nick Youngson is licensed under CC BY-SA 3.0

    Pension funding holds flat, higher costs loom

    Pension and retirement plans can be a key benefit that helps employers attract and retain workers. They may carry higher costs for companies in 2023.

    By Dawn Wotapka • Jan. 12, 2023
  • Business person examines a binder with data.
    Image attribution tooltip
    Charnchai via Getty Images

    FASB decides to require expense disclosures

    For investors, the new income statement disclosure project is the FASB’s most important initiative “by a factor of ten,” one board member said. But it will mean added costs for companies. 

    By Jan. 11, 2023
  • Alcoa logo seen on glass.
    Image attribution tooltip
    Jeff Swensen via Getty Images

    Alcoa taps controller for CFO

    Alcoa’s controller will move to its CFO seat among an executive restructuring plan designed to help the company focus more deeply on cost and innovation.  

    By Jan. 11, 2023
  • EY office building
    Image attribution tooltip
    Jack Taylor via Getty Images

    EY consulting arm poaches Cargill CFO

    Ernst & Young is moving forward with a “soft separation” of its audit and consulting arms, appointing Jamie Miller to the CFO seat of what will be a new public entity.

    By Jan. 11, 2023
  • Image attribution tooltip
    Michael M. Santiago via Getty Images

    Bed Bath & Beyond doubles down on cuts, layoffs

    The absence of the retailer’s interim CFO from Tuesday’s earnings call could signal that a bankruptcy filing or sale is imminent.

    By Jan. 10, 2023
  • Allen Weisselberg arrives at Manhattan Criminal Court
    Image attribution tooltip
    Michael M. Santiago via Getty Images

    Trump ex-CFO sentenced to five months for tax fraud

    The sentencing comes about one month after a jury convicted two Trump Organization affiliates of tax fraud and other crimes. The company’s former CFO testified for the prosecution during the trial.

    By Jan. 10, 2023