Smart corporate investing: Reduce tax bills with Investment Tax Credit transfers

The Inflation Reduction Act created a new option: Investment tax credit (ITC) transfers. With an ITC transfer, renewable energy developers sell their ITCs to taxpaying corporations. The developer receives cash immediately, and the corporation earns a locked-in profit by buying at a discount to par.

Oct. 9, 2023

RingCentral CFO keeps eye on sustainable growth

For finance chief Sonalee Parekh, the best way to drive profitability is to keep your eye on growth and product innovation.

By Grace Noto • Oct. 6, 2023

Explore the Trendline➔

CFO best practices in the evolving generative AI era

As the initial frenzy around the launch of generative artificial intelligence subsides, a new GenAI era appears to be taking shape.

By CFO Dive staff

PCAOB chief slams auditors for 40% error rate

The federal overseer of audit firms last year doubled the number of enforcement orders compared with 2021 and imposed record penalties.

By Jim Tyson • Oct. 5, 2023

Xero: Rebranding accounting for a new generation

Recontextualizing accounting as an engaging, flexible field is key to enticing new candidates — and the CFO needs to be front and center at that cultural shift.

By Grace Noto • Oct. 4, 2023

FASB revisits GAAP cleanup

The board may remove some "non-authoritative" definitions from the codification — effectively the bible of generally accepted accounting standards.

By Maura Webber Sadovi • Oct. 3, 2023

SEC fines Newell Brands $12.5M for misleading investors

Newell veiled sub-par sales using various accounting changes and disregarded warnings from its audit committee and auditor, the SEC said.

By Jim Tyson • Oct. 3, 2023

Telecom firm former CEO, CFO charged with accounting fraud scheme

The former CEO and CFO of the bankrupt Pareteum Corp. face charges of artificially inflating the company’s revenue by more than $40 million.  

By Grace Noto • Sept. 29, 2023

PCAOB fines Deloitte affiliate $900,000

Sanctions by the PCAOB against Deloitte’s affiliate in Colombia reflect tougher oversight by the U.S. audit watchdog under the Biden administration.

By Jim Tyson • Sept. 28, 2023

3 valuation takeaways from fraud ruling in Trump asset case

The judge’s ruling is a cautionary tale for financial executives who might look to disclaimers to defend a potentially flawed real estate appraisal.

By Maura Webber Sadovi • Sept. 27, 2023

FASB sparks debate with proposed expense rule

The change would provide a remedy for income statements that are often a “hodge-podge” of data that is difficult to interpret, FASB Chair Richard Jones said.

By Maura Webber Sadovi • Sept. 26, 2023

Envestnet taps Blackrock, Treasury alum for CFO

Joshua Warren will take on the CFO seat as the company deals with continued headwinds in the wealth management sector.

By Grace Noto • Sept. 26, 2023

Why EBITDA has such a strong hold on retail

Is it the 'Wild West' of measures or a fair predictor of long-term success? Either way, retailers won’t quit talking about EBITDA.

By Dani James • Sept. 25, 2023

FASB weighs software capitalization threshold

For the first time in nearly 40 years the Financial Accounting Standards Board is working to update its guidance on software costs.

By Maura Webber Sadovi • Sept. 20, 2023

How to navigate stiff competition for talent in financial services

The Great Resignation’s not over yet, at least not according to recent articles from Forbes, the World Economic Forum and others.

By Joe Gladow and Alasdair Trotter • Sept. 18, 2023

Netflix CFO sees fallout from Hollywood strikes

The strikes are “not good for the business,” Netflix CFO Spencer Neumann said in a frank assessment of the situation’s financial impact.

By Alexei Alexis • Sept. 14, 2023

Apple backs California climate bill requiring large companies to disclose carbon footprint

Senate Bill 253 would require businesses operating in the Golden State that make over $1 billion to report their greenhouse gas emissions annually.

By Zoya Mirza • Sept. 14, 2023

PwC curbs US offerings, pushes auditor independence

The Big Four firm is curbing its U.S. consulting offerings as concerns over auditor independence continue to swirl.  

By Grace Noto • Sept. 12, 2023

Bird Global appoints new CFO in latest C-suite shakeup

The cash-strapped e-scooter company is tapping Joseph Prodan to take its top financial seat as it faces the threat of potential bankruptcy.

By Grace Noto • Sept. 11, 2023

Kroger CFO details $1.4B opioid settlement payout plan

The Cincinnati-based grocer is the latest company to reach a settlement after being accused of playing a part in the opioid crisis.

By Maura Webber Sadovi • Sept. 8, 2023

United Airlines CFO downplays potential Denver HQ move

Losing United would be another blow to Chicago’s economy and commercial real estate market, which saw Boeing and Citadel pull up stakes last year.

By Grace Noto • Sept. 7, 2023

SEC fines Fluor $14.5M for accounting flaws

Fluor last decade failed to deploy the internal controls needed for its use of the percentage of completion accounting method, the SEC said.

By Jim Tyson • Sept. 7, 2023

Nordstrom vet tapped for Honest CFO seat

The finance leadership change comes as the consumer products company struggles with growth and profitability.

By Alexei Alexis • Sept. 6, 2023

FASB finalizes new fair value crypto accounting

Many crypto companies have clamored for the fair value fix, which won't apply to such assets as NFTs.

By Maura Webber Sadovi • Sept. 6, 2023

Paradigm CFO, general counsel to depart in crypto shakeup: reports

The two executives are reportedly departing as the regulatory attention tightens on the cryptocurrency space, with Paradigm chiding the SEC for growing “regulatory ambition.”

By Grace Noto • Sept. 5, 2023

Citigroup’s Mason tops list of highest-paid bank CFOs

Citibank’s Mark Mason netted $15 million in 2022 as the banking industry struggled with geopolitical and economic turmoil that has yet to abate.

By Grace Noto • Sept. 1, 2023