FASB proposes seller financing disclosure

Companies that use a third party to pay suppliers would have to describe the arrangement, and the liability it poses, in the notes to their financials, the Financial Accounting Standards Board says.

By Robert Freedman • Dec. 21, 2021

Unlocking the strategic value of third-party valuations

Most CFOs plan to continue using valuations as a tool for informed decision-making even if the Financial Accounting Standards Board replaces impairment testing with an amortization model for calculating goodwill, as it's thinking of doing. That's a smart strategy. 

By Bryan Knoepp and Irina Chernova • Dec. 20, 2021

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

Investors call for unified global goodwill standards

Should the Financial Accounting Standards Board (FASB) switch to an amortization model, U.S. companies could lose 40% of their equity, according to one estimate.  

By Maura Webber Sadovi • Dec. 17, 2021

Getting started on ESG reporting

Thoughtful guidance is coming, but there are steps you can take now to meet investors' appetite for reporting that shows your organization is taking environmental, social and governance performance seriously.   

By John Truzzolino • Dec. 16, 2021

Disclaimers could go a long way in protecting Trump from fraud charges

No matter how much some asset valuations appear exaggerated, analysts say, financial statements that were provided to lenders contain ample warning that the numbers don’t necessarily meet GAAP standards.

By Robert Freedman • Dec. 15, 2021

CFOs fall short of meeting investors' ESG reporting needs: EY

CFOs need to close a "reporting gap" with investors by providing more information on company sustainability performance, EY said.

By Jim Tyson • Dec. 14, 2021

How CFOs can challenge their teams to deliver better forecasts

CFOs need to deliver faster, more accurate forecasts. It's up to them to decide what insights they want and then challenge their teams to choose the data and methodologies to make better decisions. 

By Daniel Burkly, Paul Halley, and Loren Garruto, Principals, Strategy and Transactions, Ernst & Young LLP • Dec. 13, 2021

Walmart's CFO to leave the company after 22 years

Brett Biggs officially departs on Jan. 31, 2023. As part of the transition, he will remain a board member of the retailer's fintech startup.

By Maria Monteros • Nov. 29, 2021

ProPetro CEO hid perks, SEC says. CFO not charged but replaced

The Securities and Exchange Commission, crediting the company for its action once it learned of the problem, imposed no settlement charge on it.  

By Robert Freedman • Nov. 22, 2021

FASB won't delay new lease standards for private companies, nonprofits

The Financial Accounting Standards Board had already delayed the standards twice before. They take effect for annual reports released after December 15, 2021. 

By Robert Freedman • Nov. 11, 2021

Cryptocurrencies not on FASB's agenda beyond info-gathering

Delays in standards for lease and LIBOR accounting are among priorities the accounting standards group is focusing on.

By Robert Freedman • Nov. 10, 2021

FASB to consider another lease accounting delay

Private companies and nonprofits say they need more time to make the sweeping changes required under the Sec. 842 standards that require leases to be included on the balance sheet.   

By Robert Freedman • Nov. 10, 2021

Intentional versus unintentional expense fraud: How finance leaders can detect and prevent fraud

The first step to setting up the right controls and safeguards is understanding how expense fraud takes place.

By Khushboo Koutu, Marketing Director • Nov. 8, 2021

Audit fees rise faster than inflation

The scope of audits grew as companies coped with pandemic disruptions and sought an edge through acquisitions, according to a study sponsored by the Center for Audit Quality.

By Jim Tyson • Nov. 2, 2021

FASB changes contract revenue accounting for post-merger companies

Instead of applying a fair market value calculation to an acquired company's contract assets and liabilities, acquiring companies are to apply ASC 606 as if they originated the contracts.

By Robert Freedman • Nov. 2, 2021

SEC chief accountant calls for safeguards for independent audits

"Not all audits are created equal," a top SEC official said, noting the imperative to "vigilantly maintain the independence of auditors."

By Jim Tyson • Oct. 27, 2021

11 CFO tips for riding the rising tide in ESG activism

CFOs eager to steer clear of shareholder activists should publicly embrace sustainability despite flaws in the measurement of best practices.

By Jim Tyson • Oct. 20, 2021

Flaws persist in audits of U.S. companies: PCAOB

“We continue to identify a number of deficiencies that recur from year to year,” the U.S. audit watchdog said in a report.

By Jim Tyson • Oct. 19, 2021

SEC dusts off 2015 rule requiring clawbacks for financial restatements

If it takes effect, executives would have to give back bonuses and other forms of equity-based compensation that was tied to numbers reported in error. 

By Robert Freedman • Oct. 15, 2021

CFOs might find PCAOB evidence-quality guide a useful auditor check

An opinion that’s supported by irrelevant or unreliable data might inaccurately capture company performance.

By Robert Freedman • Oct. 8, 2021

Accounting changes said to be timed to influence earnings

Changes in accounting estimates (CAEs) are plugged in when they’re needed to give earnings an up or down push, researchers contend.

By Robert Freedman • Oct. 6, 2021

PepsiCo CFO anticipating continued price hikes due to inflation

Hugh Johnston said the consumer packaged goods giant has suffered from supply chain constraints, but, because of its advanced planning, is faring "better than most."

By Jane Thier • Oct. 5, 2021

Movie theater advertiser looks to new CFO following rocky quarters

Following news of Ronnie Ng’s hire, National CineMedia’s shares jumped by more than 11% on Monday, after a quarter with a 72% revenue drop.

By Jane Thier • Sept. 28, 2021

On IPO day for India's first unicorn, CFO credits operational readiness

“Our next goal is to get to a billion dollars in revenue,” Tyler Sloat, CFO of Freshworks, told CFO Dive on the SaaS company’s listing day.

By Jane Thier • Sept. 22, 2021

Rise in non-financial disclosures gives CFOs a chance to shine

As organizations pack their reports with more information, the workload is increasing but so is the opportunity to tell a compelling story.

By Ted Knutson • Sept. 22, 2021