Financial reporting


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    Courtesy of Jackson Hole Mountain Resort

    Vail Resorts appoints company alum to CFO seat

    Angela Korch left Vail Resorts just over two years ago to become CFO of CorePower Yoga. She is returning to take the ski resort operator’s finance helm.

    By Nov. 29, 2022
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    Auto, manufacturing could be next in line for layoffs, IMA CFO says

    Between rising interest rates and global supply chain issues, the manufacturing and automobile industries may be next in line for workforce cuts.

    By Nov. 28, 2022
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    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
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    CFOs must sharpen storytelling skills for boards

    CFOs must take on the role of storyteller when communicating with their boards as their focus shifts from growth and towards long-term sustainability in a pre-recession environment.

    By Nov. 28, 2022
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    Sponsored by U.S. Bank

    Capture more spend and increase your corporate card rebate

    As financial leaders seek ways to drive revenue, they should consider shifting more spend to their corporate credit card program.

    Nov. 28, 2022
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    Labor market tightness unaffected by unemployment uptick

    Labor market conditions likely remain untouched despite a recent rise in unemployment claims prior to the Thanksgiving holiday, with labor demand still outpacing supply.

    By Nov. 23, 2022
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    Labor market rebalancing will require job loss: Fitch

    The job openings rate will likely decline from the current rate of 6.5% to 5.2% by 2024, reducing job openings by 2.1 million, according to Fitch Ratings.

    By Nov. 22, 2022
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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.

    By Nov. 18, 2022
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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.

    By Nov. 17, 2022
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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.

    By Nov. 15, 2022
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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. 

    By Nov. 15, 2022
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    CFO FP&A Close-up: modern planning and analysis

    In today’s uncertain economy, strategic planning and analysis is more important — and difficult — than ever. CFOs need to set priorities to get the most out of their FP&A teams.

    By Nov. 14, 2022
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    Bahamas law enforcement investigates bankrupt FTX exchange

    The collapse of the prominent cryptocurrency exchange coincides with SEC efforts to safeguard investors and businesses against abuses in crypto and other digital assets.

    By Gabrielle Saulsbery • Nov. 14, 2022
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    US public companies seek assurance over ESG disclosures as investor demand grows

    Amid upcoming regulatory action, a new analysis found that the majority of public companies are reporting ESG information and increasingly, seeking assurance.

    Nov. 14, 2022
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    Most CFOs geared up to freeze hiring, survey finds

    As an increasing number of economists forecast a recession, financial leaders are contemplating hiring freezes, even as businesses describe their teams as "understaffed."

    By Nov. 11, 2022
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    CFOs outpace CEOs’ retention bonus frequency

    Companies are handing CFOs a significant share of retention bonuses as the churn of finance chiefs leaving jobs has increased.

    By Nov. 7, 2022
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    CFOs plan to boost ESG spending despite recession risk: survey

    CFOs still aim to spend more on ESG initiatives in 2023 even though they expect economic disruptions to persist until mid-year.

    By Nov. 3, 2022
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    Over half of workers plan to jump ship if they don’t get raises: survey

    The November Human Workplace Index found that 51.1% of employees would look for other opportunities if their company announced a spending freeze in compensation.

    By Nov. 2, 2022
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    Earnings roundup: Chip shortages, supply chain challenges worry auto CFOs

    Supply chain challenges, material shortages and rising costs are leading automakers to reduce sales expectations following lukewarm quarterly results.

    By Nov. 1, 2022
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    Dentsply probe finds former CFO violated ethics code

    Dentsply’s internal North America probe didn't find evidence of intentional wrongdoing or fraud but did find some former senior managers violated the company’s code of ethics.

    By Nov. 1, 2022
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    Musk buys Twitter, swiftly fires CEO, CFO

    By Friday morning, Ned Segal's Twitter account bio was updated, describing him as the "former CFO and [a] current fan of @Twitter.”

    By Oct. 27, 2022
  • McDonald's Q1 Earnings Up On Higher Menu Prices, Overseas Growth
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    McDonald’s serves up 10% U.S. price hike, CFO says

    McDonald’s price increases come as businesses across industries are fine-tuning strategies for offsetting inflation without alienating customers.

    By Oct. 27, 2022
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    Meta CFO backs AI spending as Metaverse bleeds $3.7 billion

    Despite investor skepticism, Meta is pushing forward with spending on artificial intelligence and its Metaverse project.

    By Oct. 27, 2022
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    SEC adopts bonus clawback rules

    The new clawback rules come amid a broader push by the SEC for more transparency and disclosures in financial reports.

    By Oct. 26, 2022
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    Keurig Dr. Pepper taps new CFO

    Sudhanshu Priyadarshi was appointed CFO after his predecessor moved up to the CEO post.

    By Oct. 26, 2022
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    Judge denies Rialto bid to dismiss Icahn mall suit

    The suit comes as CFOs are likely to face more disputes around appraisals as the slowing economy impacts real estate valuations.

    By Oct. 25, 2022