Financial Reporting: Page 3


  • Row of Jeeps in parking lot
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    Stellantis CFO to step down in shakeup at beleaguered automaker

    The CFO swap comes amid criticism for company leadership due to declining sales, with the Jeep operator also facing a potential strike by U.S. workers.

    By Oct. 11, 2024
  • Sam Altman presenting at OpenAI'S first DevDay
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    Deep Dive

    OpenAI’s $6.6B raise puts it at the tech’s vanguard. Will it be enough?

    The raise left the Microsoft-backed company valued at $157 billion. But is a stable, profitable company lurking underneath all that funding?

    By Oct. 10, 2024
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    Trendline

    Top 5 stories from CFO Dive

    The promises and traps of generative AI, revamped modern finance teams and stark geopolitical risks are among the top forces CFOs are grappling with this year.

    By CFO Dive staff
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    KPMG backs 120-credit hour alternative CPA licensure option

    Paul Knopp, KPMG U.S. Chair and CEO, called the deepening accounting talent shortage “a brewing crisis” that needs to be addressed in the “near term.”

    By Oct. 9, 2024
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    AICPA moves to amend financial statement standard

    As companies are increasingly outsourcing accounting, the AICPA is looking to amend the standard for financial statements prepared by an external entity.

    By Oct. 8, 2024
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    Tinder parent Match promotes SVP to CFO

    Match alum Steven Bailey will step into the company’s CFO seat as it fields demands from activist investors for change, including calls for a potential sale.

    By Oct. 8, 2024
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    CFO compensation at recent IPO companies hits $1.2M average

    Setting executive compensation has become more complex for companies considering an IPO because of regulatory, legal and other factors, Alvarez & Marsal said.

    By Oct. 7, 2024
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    New Salesloft CFO keeps eye on finance ‘fundamentals’

    Though economic headwinds could accelerate a CFO’s shift to become a strategic leader, “business fundamentals” stay the same regardless, said Salesloft CFO Chris Nagy.

    By Oct. 7, 2024
  • Del Taco meal following its 2021 acquisition by Jack in the Box
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    Justin Sullivan via Getty Images
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    Jack in the Box controller takes third spin as interim CFO

    For her third go-round as interim CFO, Jack in the Box controller Dawn Hooper will see a $19,500 monthly boost to her annual salary, the company said.

    By Oct. 4, 2024
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    Feverpitched via Getty Images
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    Online housing platform Opendoor brings in Google, eBay alum for CFO

    Selim Freiha will take Opendoor’s financial reins as it weathers headwinds in a “challenging” housing market.

    By Oct. 2, 2024
  • Federal Reserve chairman Jerome Powell speaks at a news conference on Sept. 18, 2024.
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    Anna Moneymaker via Getty Images
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    3 CFOs gauge rate cut’s impact

    The Fed’s rate cut has handed floating-rate debt borrowers an immediate tailwind but CFOs are still grappling with new strategies that the move could elevate. 

    By Oct. 1, 2024
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    The image by Coolcaesar is licensed under CC BY-SA 4.0
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    Workday takes on Microsoft in race to transform corporate finance

    The recent introduction of Workday Assistant, an AI companion, follows the release of Microsoft’s Copilot for Finance earlier this year.

    By Oct. 1, 2024
  • Six executives from green banks in localities across the country announce the creation of the Green Bank 50 coalition.
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    Lamar Johnson/CFO Dive
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    Climate Week NYC 2024 delivers carbon removal deals, green banking coalition

    The annual climate event launched with announced commitments to triple nuclear energy financing, decarbonization initiatives across the aviation sector and some carbon offset deals.

    By Lamar Johnson • Sept. 27, 2024
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    Ralph Orlowski via Getty Images
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    Ex-Guess Inc CFO takes top financial seat for retailer Puma

    Guess alum Markus Neubrand will replace 19-year Puma veteran Hubert Hinterseher as CFO next month as the retailer continues efforts to improve its brand desirability.

    By Sept. 26, 2024
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    Xavier Arnau via Getty Images
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    Deep Dive

    No, not all companies are abandoning diversity, equity and inclusion. Here’s why.

    Amid a high-profile backlash, many businesses are scrutinizing their policies. But the vast majority end up sticking with DEI, in part because it’s key to growth.

    By Daphne Howland • Sept. 26, 2024
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    Controllers prep for ‘dramatic’ role changes, focus on value creation: EY

    While controllers recognize that change is coming, and coming quickly, they “don't necessarily have a view on what that will look like,” EY’s Myles Corson said.

    By Sept. 25, 2024
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    Owens & Minor appoints interim CFO to permanent seat

    The appointment comes as the company targets $5 billion in revenue by 2028 for its Patient Direct segment.

    By Sept. 24, 2024
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    Photo illustration by HUB International; photographs via Getty Images

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    Sponsored by HUB International

    Seize the day: Optimize your risk management strategy to improve your bottom line

    As we move closer to 2025, the insurance market presents a window of opportunity with a period of relative stability compared to the volatility of recent years.

    Sept. 23, 2024
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    AIG hires Marsh veteran as CFO

    The appointment comes after a predecessor, Shane Fitzsimons, stepped down for medical leave in 2023 and later passed away.

    By Sept. 19, 2024
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    Courtesy of FASB
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    FASB tees up GAAP codification cleanup for comment

    The codification, effectively the bible for generally accepted accounting principles, is continuously updated. 

    By Sept. 19, 2024
  • A sign displayed outside Xerox headquarters
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    Courtesy of Xerox
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    Xerox taps insider to succeed retiring CFO

    The transition comes on the heels of recent financial challenges at the Norwalk, Connecticut-based tech company.

    By Sept. 18, 2024
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    Courtesy of Mastercard
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    Mastercard CFO to continue working after cancer diagnosis

    Decisions on medical disclosures can be challenging for companies but Mastercard’s approach drew high marks from some corporate governance experts.

    By Sept. 17, 2024
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    Spencer Platt via Getty Images
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    SEC charges Kubient CEO, CFO with accounting fraud, misleading investors

    Kubient’s ex-CEO, ex-CFO and former head of audit each lied to the business’ independent auditor and reported $1.3 million in false revenue, the SEC alleges.

    By Sept. 17, 2024
  • Microsoft headquarters in Redmond, Washington.
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    David Ryder/Getty Images via Getty Images
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    Microsoft finance team puts Copilot to the test in transformation push

    The software giant’s finance professionals have become some of Copilot's top users in the company, Microsoft’s Cory Hrncirik said.

    By Sept. 17, 2024
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    Dan Kitwood via Getty Images
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    AICPA, NASBA take big step toward CPA licensure option with less schooling

    The accounting associations are seeking public comment on an alternative route to getting a CPA license that doesn’t require a fifth year of college.

    By Sept. 16, 2024
  • T-Mobile store in May 2024 after announcement of planned U.S. Cellular acquisition
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    T-Mobile hikes CFO compensation amid antitrust scrutiny

    The CFO’s raise comes as T-Mobile looks to continue an aggressive growth push in the face of antitrust scrutiny from lawmakers.  

    By Sept. 16, 2024