Financial reporting


  • An Internal Revenue Service building.
    Image attribution tooltip
    Chip Somodevilla via Getty Images
    Image attribution tooltip

    IRS waives penalty tied to new 15% corporate minimum tax

    Companies have an extra year to determine their liability under the complex minimum tax signed into law last year.

    By June 8, 2023
  • Jack Daniel's
    Image attribution tooltip
    Scott Olson via Getty Images
    Image attribution tooltip

    Strong demand helps Brown-Forman thwart high materials costs

    The company’s CFO touts demand for high-end spirits products and the return of pre-pandemic travel that helped boost profit 36% year over year.

    By June 8, 2023
  • Plant sprouting out of dollar bills Explore the Trendline
    Image attribution tooltip
    Newbird via Getty Images
    Image attribution tooltip
    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
  • cryptocurrency graphic
    Image attribution tooltip
    Dan Kitwood via Getty Images
    Image attribution tooltip

    California lawmaker weighs in on FASB crypto proposal

    Sherman, a ranking member of the House Financial Services’ Subcommittee on Capital Markets, has sought to ban crypto — which he has called “an electronic pet rock.”  

    By June 8, 2023
  • Image of magnifying glass and the word audit beneath it.
    Image attribution tooltip
    Olivier Le Moal via Getty Images
    Image attribution tooltip

    PCAOB aims to sharpen auditor focus on fraud

    The U.S. audit watchdog said its newest proposal would speed notification of noncompliance, reducing ultimate costs to investors.

    By June 7, 2023
  • coinbase app
    Image attribution tooltip
    Permission granted by Coinbase
    Image attribution tooltip

    SEC sues Coinbase as federal crackdown on crypto continues

    Coinbase was accused Tuesday of operating an unregistered national securities exchange, broker and clearing agency. The SEC also took aim at its staking-as-a-service program, a day after suing crypto firm Binance.

    By Gabrielle Saulsbery • June 7, 2023
  • An abstract blockchain concept in which small blocks form a bigger block
    Image attribution tooltip
    cgtoolbox via Getty Images
    Image attribution tooltip

    Canadian regulators suspend ex-blockchain CEO, CFO

    Robert Earle Dawson and David Malcolm Alexander were temporarily suspended for misrepresenting that their former company would retain just a small portion of funds raised. 

    By June 6, 2023
  • Image attribution tooltip
    Alex Wong via Getty Images
    Image attribution tooltip

    GOP lawmakers tell Gensler not to bow to EU’s tough climate rules

    The Biden administration aims to allow strict EU standards on climate risk to guide actions by U.S. companies, according to top Republican legislators.

    By June 6, 2023
  • Man comforting woman holding hands
    Image attribution tooltip
    kitzcorner via Getty Images
    Image attribution tooltip

    Companies weigh case for emerging active shooter insurance

    While mass shootings are unfortunately not new, insurance policies that specifically take them into account only began emerging around 2016.

    By Chris Gaetano • June 5, 2023
  • pay
    Image attribution tooltip
    Mongkol Onnuan via Getty Images
    Image attribution tooltip

    Pay transparency cuts turnover risk — except for Gen Z

    Younger workers are less knowledgeable about how pay is determined and more likely to consider leaving a company if they are not being shown that they are valued, according to the Payscale report.

    By June 2, 2023
  • A businessperson's hand below an AI-powered brain
    Image attribution tooltip
    Shutthiphong Chandaeng via Getty Images
    Image attribution tooltip

    Chipmaker Broadcom joins generative AI gold rush

    The chipmaker projects revenues related to generative AI will double in the next year even as it faces questions of possible business "cannibalization" by the tech.

    By June 2, 2023
  • The cloud-shaped salesforce logo is shown on the side of a building, the company's headquarters.
    Image attribution tooltip
    Stephen Lam / Stringer via Getty Images
    Image attribution tooltip

    Salesforce North America unit takes ‘brunt’ of revenue slowdown

    The cloud software company’s revenue growth slowed in the U.S. during the first quarter of its fiscal year 2024 while expanding in other parts of the world, its CFO said.

    By June 1, 2023
  • A double exposure photo illustration of a glass flask and a scientist holding a tube in a laboratory, with stock market information in the background.
    Image attribution tooltip
    MadamLead via Getty Images
    Image attribution tooltip

    Struggling biotech reups support for CEO-CFO

    Exicure’s newly-minted CEO-CFO is attempting to find new potential partners and explore other avenues of growth to right the course of the struggling biotech.

    By May 31, 2023
  • A sign is posted in front of a Pinterest office on February 06, 2023 in San Francisco, California.
    Image attribution tooltip
    Justin Sullivan / Staff via Getty Images
    Image attribution tooltip

    Wayfair exec heads to Pinterest as CFO

    Roughly three months after Pinterest CFO Todd Morgenfeld announced his departure, the craft-focused social media company has hired Julia Brau Donnelly to take the helm.

    By May 31, 2023
  • Business woman working with co-worker
    Image attribution tooltip
    Edwin Tan via Getty Images
    Image attribution tooltip
    Sponsored by Infosys BPM

    Towards a better future with sustainable finance and ESG reporting

    CFOs have a leading role to play in the push for sustainability by turning to greener technologies and practices.  

    By Parul Mehta and Lalitha Narni • May 30, 2023
  • Workday headquarters
    Image attribution tooltip
    The image by Coolcaesar is licensed under CC BY-SA 4.0
    Image attribution tooltip

    Workday CFO stepping down, former Apple exec to take over

    Barbara Larson, Workday’s current finance chief, will be replaced by Zane Rowe, who most recently served as CFO of VMware and previously did a stint as an Apple sales executive.

    By May 26, 2023
  • Costco logo
    Image attribution tooltip
    Eric Thayer via Getty Images
    Image attribution tooltip

    Costco holds back on membership fee hike

    As consumer spending slumps, the bulk retailer is holding back on its plans to boost membership fees and aiming to grow e-commerce and mobile sales.

    By May 26, 2023
  • Executive who has failed
    Image attribution tooltip
    Getty creative via Getty Images
    Image attribution tooltip

    ChatGPT aces CPA exam after prior version flunked

    ChatGPT-3.5 took the CPA exam and got an “F.” The newest version of the AI learned from the failure, however, and nailed the test, researchers said.

    By May 25, 2023
  • Modern tower buildings or skyscrapers in financial district with cloud on sunny day in Chicago, USA.
    Image attribution tooltip
    Stock via Getty Images
    Image attribution tooltip

    Drawing on SEC chops, Fundrise CFO preps for aftermath of inflation

    The SEC and KPMG alum talks about embracing uncertainty, being willing to make wide career pivots and her outlook on the economy.  

    By May 25, 2023
  • Photo of a building with a sign that reads "Nvidia."
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    Nvidia revenues soar amid AI demand

    The chipmaker’s finance chief credited generative AI with driving “exponential growth” in the computing sector.

    By May 25, 2023
  • WeWork To Adjust Corporate Governance, Valuation Ahead Of IPO
    Image attribution tooltip
    Drew Angerer via Getty Images
    Image attribution tooltip

    WeWork CFO follows CEO out the door

    Andre Fernandez’s swift exit marks the company’s fourth CFO transition since March of 2020.

    By May 25, 2023
  • Zoom founder Eric Yuan speaking on a podium
    Image attribution tooltip
    Kena Betancur via Getty Images
    Image attribution tooltip

    Zoom raises forecasts, continues on AI train

    The company is positive in its look ahead for 2024, despite recent headcount reductions and a slowing business environment.

    By May 24, 2023
  • RingCentral CFO
    Image attribution tooltip
    Retrieved from RingCentral on May 23, 2023
    Image attribution tooltip

    RingCentral CFO describes career choice, staying ‘fiercely prioritized’

    From investment banking to an operational finance role to finally taking on a public company CFO role, Sonalee Parekh has run the gamut when it comes to her financial career path.

    By May 23, 2023
  • Group of people during a business meeting
    Image attribution tooltip
    pixelfit via Getty Images
    Image attribution tooltip
    Sponsored by Tradeshift

    What finance departments should be doing to prepare for the future

    Businesses that hope to survive should be constantly thinking about what they need to do today to be ready for tomorrow.

    May 22, 2023
  • Image shows phone with text asking "How can I help you?"
    Image attribution tooltip
    Tero Vesalainen via Getty Images
    Image attribution tooltip
    Opinion

    Why CFOs must beef up their CX playbooks

    The B2B market is facing a new generation of decision makers who are accustomed to speedy digital customer experiences, according to Billtrust CFO Bob Purcell. 

    By Bob Purcell • May 19, 2023
  • Shot of Foot Locker store with logo
    Image attribution tooltip
    Scott Olson via Getty Images
    Image attribution tooltip

    Foot Locker taps Kohl’s exec for CFO

    Kohl’s alum Michael Baughn will move into Foot Locker’s CFO role as the sneaker retailer reported slumping sales and lowered 2023 guidance.

    By May 19, 2023