Financial Reporting: Page 3
-
Google pours billions into AI, cyber and infrastructure expansion
The tech giant's cloud profits more than doubled year over year as it invested more than $17 billion, primarily in servers and data centers.
By Matt Ashare • April 25, 2025 -
Volvo Cars taps new finance chief amid market, tariff uncertainty
The company’s deputy CFO Fredrik Hansson will step into its top financial seat just a month after Håkan Samuelsson rejoined Volvo as its CEO.
By Grace Noto • April 24, 2025 -
Tariffs put execs in ‘gray rhino’ risk territory
PwC projects the total annual value of proposed and potential U.S. tariffs levied could jump 13-fold to $989 billion from pre-election levels.
By Suman Bhattacharyya • April 24, 2025 -
Tesla’s CFO cites tariffs, brand hostility as profits slide
Expected tariffs on the automotive space will have an impact on Tesla’s profitability, CFO Vaibhav Taneja warned Tuesday.
By Grace Noto • April 23, 2025 -
Lockheed has ‘mechanisms’ to recover tariff impacts, new CFO says
Just days after taking the defense contractor’s CFO seat, Evan Scott said Tuesday that he was “comfortable” with the company’s approach to mitigating tariff impacts.
By Maura Webber Sadovi • April 22, 2025 -
Prologis CFO says ‘disconnected world’ requires more warehousing
“Even with the pause in some tariffs or resolution of others, customers simply lack a steady backdrop upon which to plan,” the industrial real estate company’s CFO said.
By Maura Webber Sadovi • April 18, 2025 -
Net Power ousts president, CFO amid ongoing cash challenges
The departures come approximately a month after the energy company once again pushed back the launch date for its first commerical-scale power plant and reupped cost estimates for the project.
By Grace Noto • April 16, 2025 -
Warner Music’s new CFO gets $1M signing bonus
Armin Zerza is taking the financial reins of the entertainment and record-label conglomerate as it has been seeking to cut costs.
By Maura Webber Sadovi • April 15, 2025 -
Microsoft confirms AI pullback as tariffs compound pressure
A significant “endeavor at this size and scale requires agility and refinement as we learn and grow with our customers,” Microsoft’s Noelle Walsh said.
By Alexei Alexis • April 15, 2025 -
Ulta Beauty aims for long-term growth after data, ERP upgrades
The company’s tech investments cleared the way for generative AI. Executives are working to reap the rewards.
By Lindsey Wilkinson • April 14, 2025 -
Tracker
Tracking CPA licensure paths: Removing the 150-hour-rule hurdle
State changes to licensing rules are chipping away at a decades-old system that has largely required CPA candidates to complete what effectively amounts to a fifth year of schooling.
By CFO Dive staff • Updated June 13, 2025 -
FASB sets clock for derivatives rules update
Existing accounting standards have led to “scope creep,” with derivative standards being applied too often, FASB Chair Richard Jones said.
By Maura Webber Sadovi • April 11, 2025 -
Tesla CFO sells $957K in stock amid waning sales
The finance chief’s third stock sale in as many months comes as Tesla continues to grapple with declining sales and uncertainty related to the Trump administration’s trade war.
By Grace Noto • April 9, 2025 -
Iowa passes CPA licensure legislation
Iowa joins a growing band of states passing new CPA licensure laws aimed at easing the accounting talent shortage.
By Maura Webber Sadovi • April 8, 2025 -
Strategy reports unrealized $5.91B loss on digital assets
The Tysons Corner, Virginia-based company’s report comes on the heels of a bitcoin slump and newly effective crypto accounting rules from FASB.
By Maura Webber Sadovi • April 8, 2025 -
Newly-minted CVS Health CFO inks $1M salary
UPS and PepsiCo alum Brian Newman will receive a $1 million base salary as the latest member of the healthcare company’s revamped leadership suite.
By Grace Noto • April 8, 2025 -
Spirit Airlines CFO, COO, GC to step up after CEO exits
The budget airline, recently emerged from bankruptcy, picked the trio of senior executives to handle CEO responsibilities until a new chief executive is found.
By Maura Webber Sadovi • April 7, 2025 -
Trump’s tariffs: Tracking the status of international trade actions
The U.S. has rolled out a deluge of tariffs, sparking responses from trading partners. Here's where each tariff – threatened or realized – currently stands.
By Philip Neuffer , Edwin Lopez • Updated May 27, 2025 -
Macy’s claws back over $600K in exec bonuses
The retailer asserts it overpaid executives after an accounting error led to an overstatement of 2023 EBITDA by $81 million, according to a securities filing.
By Grace Noto • April 3, 2025 -
Georgia, Indiana join growing band of states to pass CPA licensure laws
So far this year at least seven states have passed alternative CPA licensure laws aimed at easing the accounting talent shortage.
By Maura Webber Sadovi • Updated April 3, 2025 -
FASB clarifies guidance for construction contract holdbacks
Accounting related to revenue recognition issues has been one of the thornier subjects tripping up report preparers in recent years.
By Maura Webber Sadovi • April 2, 2025 -
Just Salad ex-CFO missed out on $1.2M, lawsuit claims
The former finance chief is seeking $1.2 million in funds he claims he’s owed relating to a separation agreement, as well as $5 million in damages.
By Grace Noto • April 1, 2025 -
Vendors crowd CFO software market amid AI boom
More than 300 tech companies are currently in the fast-growing “office of the CFO software market,” according to venture capital firm Norwest.
By Alexei Alexis • April 1, 2025 -
Sponsored by Deloitte
With Pillar Two here, focus on 3 areas
Pillar Two upends global tax. Leaders should focus on three areas for efficient and effective compliance.
March 31, 2025 -
SEC withdraws defense of climate-risk disclosure rule
The agency will no longer defend its rule requiring companies to disclose certain climate-related risks, a move one commissioner called an attempt to “unlawfully” dismantle it.
By Lamar Johnson • March 28, 2025