Financial Reporting: Page 2
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Reduced pricing plan sees Wise shares slump despite profit surge
The fintech plans to continue its strategy of reducing prices for its customers, which is reflected in its forecast, interim CFO Kingsley Kemish said.
By Grace Noto • June 13, 2024 -
Win McNamee via Getty Images
Fed trims 2024 rate forecast to one cut, holds borrowing costs steady
The Fed decision followed a report that inflation last month rose less than economists predicted and at the slowest pace since 2021.
By Jim Tyson • June 12, 2024 -
Explore the Trendline➔
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TrendlineFinancial reporting enters a new age
Finance leaders are increasingly relying on metrics including churn, net promoter score and customer growth to reveal company performance in a way traditional GAAP measures cannot.
By CFO Dive staff -
Justin Sullivan via Getty Images
Alphabet hands new CFO $9.9M sign-on bonus
The incoming finance chief — Eli Lilly veteran Anat Ashkenazi — was granted the bonus in light of “her prior company’s forfeited compensation,” Alphabet said.
By Alexei Alexis • June 10, 2024 -
Adobe Stock | Serhii
Sponsored by WilliamsMarstonNavigating the IPO journey: Key preparation considerations for CFOs
Market shifts call CFOs for an IPO preparation session.
June 10, 2024 -
Spencer Platt/Getty Images via Getty Images
Sierra Club, NRDC drop legal challenges to SEC climate rule
The two environmental groups have decided to focus resources elsewhere to improve climate-related financial disclosures.
By Lamar Johnson • June 6, 2024 -
Courtesy of Toast Inc
Toast CFO aims to build ‘enduring’ company on path to profitability
Three years after Toast went public, thinking strategically about building a team for the future was one of her most important early priorities, said CFO Elena Gomez.
By Grace Noto • June 6, 2024 -
Courtesy of Pat Dorsman for FAF
FASB seeks comment on narrow hedge accounting fix
Despite a unanimous vote, some board members expressed concern the proposed improvements to GAAP hedging guidance do not go far enough.
By Maura Webber Sadovi • June 5, 2024 -
Courtesy of Hertz/GM
Hertz poaches Spirit Airlines CFO
Less than a year after taking the permanent CFO seat, Alexandra Brooks is exiting the rental car company as it struggles to manage its bold EV bet.
By Maura Webber Sadovi • June 3, 2024 -
Joe Raedle via Getty Images
Costco’s CFO calls $1.50 hot dog ‘safe’ in debut earnings call
The retailer’s new finance chief Gary Millerchip is staying the course on the company’s popular $1.50 hot dog and soda combo pricing.
By Maura Webber Sadovi • May 31, 2024 -
Jeff Schear via Getty Images
FanDuel parent Flutter swaps CFOs amid pivot to NYSE listing
The CFO swap comes as Flutter hones in on the U.S. for future growth and expansion.
By Grace Noto • May 31, 2024 -
Permission granted by Bluebird bio
Bluebird names new CFO after accounting errors
The biotech company is revising financial statements for 2022 and the first three quarters of 2023 following the discovery of accounting missteps.
By Alexei Alexis • May 30, 2024 -
kali9 via Getty Images
Jacobs-led QXO taps Barclays alum as first finance chief
M&A “heavy hitter” Ihsan Essaid will take the top financial seat as QXO looks to become a market leader in the building product distribution space.
By Grace Noto • May 28, 2024 -
Justin Sullivan via Getty Images
Nvidia shows off strength of AI with 262% sales jump
“The next industrial revolution has begun,” Nvidia CEO Jensen Huang said during an earnings call last week.
By Alexei Alexis • May 28, 2024 -
Matthew Eisman/Getty Images for Pandora Media via Getty Images
Spotify vet tapped for VF Corp.’s CFO chair
The appointment is part of a broader leadership shake-up at the struggling footwear company as it tries to restore profitable growth.
By Alexei Alexis • May 23, 2024 -
Sean Gallup via Getty Images
Opinion3 ESG lessons CFOs can learn from SOX compliance
ESG reporting may be a relatively new challenge but there is nothing new about C-suite leaders facing “perfect storm” reporting requirements, Wolters Kluwer's Alessio Lolli writes.
By Alessio Lolli • May 23, 2024 -
Drew Angerer via Getty Images
SEC fines NYSE’s parent $10M for failing to report cyberattack
The settlement sheds light on the costs of cyberattacks that can include penalties for non-compliance with timely disclosure requirements after the events occur.
By Maura Webber Sadovi • May 22, 2024 -
Justin Sullivan via Getty Images
Red Lobster’s ‘erratic’ payments to vendors among bankruptcy warning signs: Creditsafe
The company’s average “days beyond terms” jumped from 15 in December to 30 in January, reaching 57 as of March.
By Alexei Alexis • May 22, 2024 -
PeopleImages via Getty Images
More small companies willing to distort books to hide corruption: ACCA
The U.S. has made little progress combating corruption since 2021, according to Transparency International.
By Jim Tyson • May 21, 2024 -
AnkiHoglund via Getty Images
Cerence CFO departs after two month tenure
Tempesta’s resignation marks the latest in a series of relatively short-tenured finance chiefs for Cerence as it faces a securities class action lawsuit and slumping revenues.
By Grace Noto • May 20, 2024 -
Sakorn Sukkasemsakorn
Nonprofit MDA CFO attributes $5M cost reduction to streamlined operations, tech
Since rising to the CFO chair in 2018, Michael Kennedy pared down the nonprofit’s back-end from 65 systems to one platform.
By Grace Noto • May 16, 2024 -
Courtesy of Kyriba
First-time CFO looks to sharpen Kyriba’s FP&A approach
Adam Drew in March became the San Diego, California-based treasury and finance platform provider’s first permanent CFO in more than a year.
By Maura Webber Sadovi • May 16, 2024 -
U.S. Navy. (31 March 2009). "Northrop Grumman's E-2D Advanced Hawkeye aircraft" [Photograph]. Retrieved from Wikimedia Commons.
Northrop Grumman names new CFO in leadership shake-up
The transition comes on the heels of some volatility in the defense industry giant’s financial performance.
By Alexei Alexis • May 15, 2024 -
hapabapa via Getty Images
Brex CFO mulls long-term IPO scenario but keeps eye on costs, ROI
The prevailing attitude among companies seeking to go public is to achieve profitability beforehand, Ben Gammell said.
By Grace Noto • May 14, 2024 -
CFO Editorial Staff
PCAOB adopts updated ‘foundational’ rules requiring faster audit filing
The U.S. audit watchdog updated standards created two decades ago and aligned regulation with changes in technology.
By Jim Tyson • May 13, 2024 -
Michael M. Santiago via Getty Images
Ex-Trump CFO Weisselberg could appear in hush money trial: Reports
The terms of Allen Weisselberg’s $2 million severance agreement are under a spotlight once again as Trump’s latest legal battle with New York state unfolds.
By Grace Noto • May 13, 2024
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