Financial Reporting: Page 26

  • A pile of $100 bills
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    Focus on achieving predictability, WilliamsMarston exec advises CFOs

    The Fed’s efforts to halt inflation leave CFOs dealing with high interest rates — putting cash management practices in the spotlight.

    By • Aug. 31, 2023
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    Flawed accounting surges 150%: Glass Lewis

    Company reports during the 2023 proxy season reveal that many newer businesses have had to correct financial statements and upgrade internal controls.

    By • Aug. 30, 2023
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    Trendline

    Top 5 stories from CFO Dive

    Tarifff headwinds along with the accounting talent shortage and the promises and traps of generative AI, are among the top issues CFOs are grappling with this year.

    By CFO Dive staff
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    Revenue leaders crave automation, data visibility: Zuora

    Understanding where one can do more with automation can help CFOs make faster strategic decisions and ease the burdens of stressed accountants, Zuora’s Emily Daigle said.

    By • Aug. 29, 2023
  • Federal Reserve Chair Jerome Powell.
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    4 takeaways from Powell’s Jackson Hole speech

    Inflation is down from last year, but the Fed plans to keep on the path of restrictive monetary policy until it's at 2%, the central bank’s chair said.

    By Gabrielle Saulsbery • Aug. 25, 2023
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    Advance Auto names new CEO, interim CFO as profits decline

    The leadership changes come as the company launches a “comprehensive operational and strategic review” following a weak quarter.

    By • Aug. 24, 2023
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    NVIDIA revenue jumps 88% amid AI ‘race’

    The race to adopt generative AI is on — and NVIDIA is determined to be the leader of the pack.

    By • Aug. 24, 2023
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    Nasdaq to delist Republic First for failing to file SEC paperwork

    The Philadelphia bank blamed previous leadership for delays in its audit and annual report. The lender has weathered board upheaval and a spike in trading when similarly named First Republic faltered.

    By Dan Ennis • Aug. 22, 2023
  • Government contractors need a knowledgeable and trusted auditor to help ensure all accounting and reporting requirements are met.
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    FASB to revisit accounting priorities

    Some critics say the FASB’s guidance does not always yield the kind of financial transparency investors need to analyze fast-changing modern companies.

    By • Aug. 18, 2023
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    Bank, ex-CFO settle with SEC over ‘material misstatements’

    The former CFO of Malvern Bancorp failed to maintain accurate books and records and implement effective internal controls over financial reporting, the SEC found.

    By • Aug. 17, 2023
  • Customers enter a Walmart store in San Leandro, California.
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    Walmart’s AI push prioritizes customer experience, personalization

    "Ultimately, the power of generative AI or any technology is only as good as the data that powers it," CEO Doug McMillon said Thursday.

    By Roberto Torres • Aug. 17, 2023
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    Retail sales rise, riding wage gains, strong job market

    Surging borrowing costs and declining pandemic-era savings have not triggered a downturn in retail spending.

    By • Aug. 15, 2023
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    Bankruptcy ‘burn rates’ drive some firms to file Chapter 7s: ABI’s Ward

    Professional fees racked up in Chapter 11 bankruptcies can range from a few hundred thousand dollars to the tens of millions, Chris Ward, president-elect of the American Bankruptcy Institute, said. 

    By • Aug. 15, 2023
  • Jochen Goetz, Martin Daum pose with other Daimler AG executives
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    Daimler Truck CFO died of wasp sting: reports

    The company’s chairman and CEO will temporarily assume CFO duties while Daimler searches for a successor to former finance chief Jochen Goetz.

    By • Aug. 14, 2023
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    Toast CEO: Lessons learned from fee flub

    “We learned a lot from this,” Toast CEO Chris Comparato said. “And there’s more questions we’re going to ask ourselves internally when we execute these types of pricing changes or structural changes moving forward.”

    By Caitlin Mullen • Aug. 11, 2023
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    Pot firm says ex-CFO wrongly racked up over $350K in personal charges

    Trulieve revealed its investigation's findings as the cannabis industry struggles with high taxes, competition from illegal sellers and falling prices.

    By • Aug. 10, 2023
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    Tesla CFO walks away with $590M

    The former Tesla finance chief is leaving with millions in company stock and options as the EV maker faces stiff industry competition.

    By • Aug. 9, 2023
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    FASB’s ‘complex’ loss accounting change warrants extra time, insurer group says

    CECL grew out of a FASB effort to encourage timelier reporting of deteriorated assets after the 2008 financial crisis.

    By • Aug. 8, 2023
  • Niki Heim
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    Courtesy of LogicSource
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    Data, hiring balance key to driving growth: LogicSource CFO

    Leveraging unused data can help CFOs gain better insights surrounding efficiency and employee performance, clearing the path to growth even in turbulent economic times.

    By • Aug. 8, 2023
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    Record number of ESG shareholder proposals go to a vote

    As of June 30, approval rates for shareholder proposals focused on environmental and social issues fell compared to all of 2022, Diligent Market Intelligence said.

    By • Aug. 4, 2023
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    M&A slump raises bar for seller CFOs

    The mergers and acquisitions boom is long over. The best CFOs are cleaning up their books and arming their CEOs with key data to win offers anyway.

    By Chris Gaetano • Aug. 3, 2023
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    CPA firms facing talent shortage hike starting salaries 14%

    Many accounting firms lacking qualified staff have had to turn away work, according to alliantTalent.

    By • Aug. 3, 2023
  • A worker cleans a sign in front of the Uber headquarters on May 18, 2020 in San Francisco, California.
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    Uber confirms long-time CFO’s exit

    CFO Nelson Chai will depart from the ride-share company next year as Uber continues to focus on profitable growth. It reported its first-ever quarterly GAAP operating profit Tuesday.

    By • Aug. 2, 2023
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    SEC’s Munter warns of ‘purported’ crypto audits

    The SEC’s chief accountant called out the practice by which some crypto companies pay for less “precise” reviews of their business that they misrepresent to investors as audits.

    By • July 28, 2023
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    Walgreens hunts for new CFO with healthcare experience

    The pharmacy chain’s controller will take the CFO seat on an interim basis as Walgreens embarks on an aggressive cost-saving plan.

    By • July 28, 2023
  • Car pulling out of garage under banner with Hertz logo
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    Hertz interim CFO lands permanent gig

    Alexandra Brooks was promoted to the car rental company’s top finance post after being named interim CFO in March and serving as its chief accounting officer since 2020.

    By • July 27, 2023