Financial Reporting: Page 3
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Illinois passes CPA licensure bill with 2027 start date
Once signed into law, the legislation’s Jan. 1, 2027 effective date would allow time to set up rules needed to implement the changes, the Illinois CPA Society’s Martin Green says.
By Maura Webber Sadovi • May 28, 2025 -
Super Micro CFO sells nearly $3M in stock
The sale comes roughly five months after the AI server company announced it would "transition” to a new CFO, among other changes aimed at improving internal controls.
By Grace Noto • May 27, 2025 -
Explore the Trendline➔
Mario Tama via Getty ImagesTrendlineTop 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 -
Tech firms betting big on AI agents face ‘tremendous’ ROI pressure: EY
“Against an uncertain macroeconomic and trade environment, executives are still overwhelmingly positive on the business value that agentic AI can deliver,” said EY’s James Brundage.
By Alexei Alexis • May 27, 2025 -
BJ’s Wholesale Club is willing to sacrifice margin for digital convenience
Store-based fulfillment options cost the warehouse club money, but loyalty improvements more than make up the difference, according to CEO Bob Eddy.
By Bryan Wassel • May 22, 2025 -
Ex-law firm CFO sentenced to three years in prison for $1.3M embezzlement scheme
Former CFO Tony Archuleta-Perkins embezzled over $1.3 million from his former employers to pay for two California homes and other personal expenses, according to court documents.
By Grace Noto • May 22, 2025 -
Tesla CFO racks up third $1M May stock sale
Among other moves to shore up investor trust, Tesla appointed former Chipotle CFO Jack Hartung to its board of directors, effective June 1.
By Grace Noto • May 21, 2025 -
Paramount Group CFO, GC resign; office REIT launches strategic review
The CFO and general counsel changes come as the REIT faces looming debt maturities in 2026, among other economic headwinds.
By Grace Noto • May 20, 2025 -
Minnesota passes CPA pathways legislation after pioneering model
Roughly two years after introducing a bill to ease CPA licensure rules, Minnesota lawmakers late Monday passed legislation establishing alternative routes to becoming a certified public accountant.
By Maura Webber Sadovi • May 20, 2025 -
Continuous scenario planning, war chests top finance playbooks for uncertain times
CFOs now grappling with on-again off-again tariff policies on top of other headwinds are using a variety of strategies to mitigate the risks of the fast-changing business climate.
By Suman Bhattacharyya • May 19, 2025 -
FASB clarifies rules for warrants, share-based payments
The GAAP update will affect how companies account for share-based financial instruments such as warrants that they grant to customers as a kind of rebate to incentivize purchases.
By Maura Webber Sadovi • May 16, 2025 -
Opinion
Why spreadsheets aren’t going away anytime soon
Spreadsheets are not just a tool of the past; they will be a vital component of the future of finance, Gartner’s Mike Helsel writes.
By Mike Helsel • May 16, 2025 -
Cisco taps chief strategy officer to succeed retiring CFO
With Mark Patterson taking its finance reins, the tech giant will still likely continue prioritizing cash flow and shareholder returns, a Morningstar analyst said.
By Alexei Alexis • May 15, 2025 -
Walmart CEO: ‘Higher tariffs will result in higher prices’
The big-box retailer vows to keep those prices as low as possible and is leaning into relationships with vendors to respond to a fluctuating market.
By Kaarin Moore • May 15, 2025 -
House committee advances bill with ‘big three’ business tax relief
The bill advanced Wednesday by the House Ways and Means Committee would extend some business-friendly tax cuts from President Donald Trump’s first term.
By Maura Webber Sadovi • May 14, 2025 -
Tesla CFO offloads another $1.1M in stock
The sale comes as Tesla looks to reverse slumping sales and combat brand hostility, while facing roadblocks on new projects such as its long-awaited “robotaxi” service.
By Grace Noto • May 13, 2025 -
Booking CFO leans on AI in push to run ‘tight ship’
The online travel company is looking to slash costs by as much as $450 million by the end of 2027. It aims to reinvest some of the freed-up capital into AI projects.
By Alexei Alexis • May 13, 2025 -
Chewy CFO resigns; looks to return to semiconductor industry
The CFO’s departure comes after Chewy reported rising sales and customer figures for 2024, despite seeing its stock value wobble amid “meme” stock trades.
By Grace Noto • May 12, 2025 -
PwC cuts 2% of US workforce, citing ‘historically low’ attrition
This week the Big Four firm shed 1,500 workers in its assurance and tax units — including accountants — layoffs that aren’t tied to AI, PwC said.
By Suman Bhattacharyya • May 8, 2025 -
Fed warns of rising inflation, unemployment risks; holds rates steady
“Uncertainty about the economic impact has increased further,” policymakers said in a statement after a two-day meeting.
By Jim Tyson • Updated May 7, 2025 -
Vodafone CFO departs for Vonovia CEO role
Vodafone and SAP alum Luka Mucic will tread familiar waters as Vonovia’s CEO. The German real estate company looks to boost growth after a downturn in the European housing market.
By Grace Noto • May 7, 2025 -
CFOs signal bigger hiring role amid talent shortage, Deloitte finds
Finance chiefs are increasingly involved in staffing their departments — effectively acting as the chief human resources officer for finance, the Big Four accounting and consulting firm asserts.
By Maura Webber Sadovi • May 7, 2025 -
ADM expects 2025 earnings to be at lower end of guidance, CFO says
The global grain merchant’s finance chief also said the company wouldn’t provide specific segment operating guidance due to tariff and macroeconomic uncertainties.
By Maura Webber Sadovi • May 6, 2025 -
Amazon doing ‘everything it can’ to hold down prices amid tariffs: CFO
Executives at Amazon, Apple and Tesla flagged concerns about President Trump’s tariffs during big tech’s latest earnings season.
By Alexei Alexis • May 6, 2025 -
Opinion
The Ben Affleck accounting shortage hack
“The Accountant” movie from 2016 is loved by many CPAs. Will the new sequel and the franchise’s drama help attract more young people to the accounting profession?
By Maura Webber Sadovi • May 2, 2025 -
Tesla CFO sells another $1.1M in company shares
The EV maker’s finance chief has offloaded about $6.5 million in shares in 2025, according to company filings.
By Grace Noto • May 2, 2025