Logistics startup Transfix to go public via SPAC

The transaction would give Transfix more financing options, including for mergers and acquisitions, but the company’s main focus is on organic growth, CFO Christian Lee says.

By Jane Thier • Sept. 21, 2021

FASB OKs flexible discount-rate options under new lease accounting standards

The change permits private companies and nonprofits to save money by using different calculations for different asset classes.

By Robert Freedman • Sept. 16, 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

CFO optimism towards economy declining, M&A interest rising: survey

Respondents to Deloitte's CFO Signals survey lowered expectations for revenue, earnings, spending and dividends, and raised them for hiring and salaries.

By Jane Thier • Sept. 16, 2021

The rise of next-gen CPM 3.0 for more dynamic business performance

Nimble and quick reporting and continuous reforecasting is the new necessity for business success 

By Alok Ajmera, CEO of Prophix Software • Sept. 13, 2021

Former CFO of drugmaker Aceto sentenced for insider trading

Douglas Roth sold his shares two weeks prior to its public disclosure of financial troubles, the Securities and Exchange Commission says.

By Jane Thier • Sept. 9, 2021

Machine learning and AI to revolutionize CFO operations

As a subset of AI technology, machine learning provides the tools to optimize every aspect of the workflow - from data capture to analytics. 

By Khushboo Koutu, Marketing Director • Sept. 7, 2021

Following quarter of slow growth, Zoom CFO discusses potential headwinds

Despite reporting its first billion-dollar quarter on Monday, Kelly Steckelberg says the video conferencing company's small-business consumers' return to in-person work is creating headwinds in its mass market.

By Jane Thier • Aug. 31, 2021

Peloton CFO discusses price cuts, relaunching treadmill following recall

The fitness company is grappling with an SEC investigation, several lawsuits and a Department of Homeland Security subpoena related to its treadmill recall last quarter. 

By Jane Thier • Aug. 30, 2021

Target posts 9% traffic-driven comp sales, CFO says

"This year's performance has been growth on top of growth," CFO Michael Fiddelke says. "Typically, in retail, if you saw a large, mature company like ours growing at [this] rate, you'd assume we were comping over soft numbers from the prior year."

By Maria Monteros • Aug. 18, 2021

Why CFOs speak to the press (and whether they should)

Finance chiefs' credibility, diligence and deep knowledge of the numbers make them ideal candidates for press interviews and company spokespeople, PR specialists say.

By Jane Thier • Aug. 13, 2021

How a Big-4 firm reduced lease agreement review time by 80%

AI can automate the extraction of information needed to comply with new ASC 842 standards.

By Steve Levine • Aug. 11, 2021

Setting up a high-functioning accounting operation

Start with a clean chart of accounts and end with operationally knowledgeable team members so the finance leader can focus on strategic value-adds, specialists say. 

By Robert Freedman • Aug. 10, 2021

Independent auditors provide ESG disclosure assurance

The expertise external auditors bring to financial reporting can help investors and other stakeholders feel confident as companies step up environmental, social and governance reporting.  

By Kathryn Kaminsky • Aug. 10, 2021

FASB eases private-company stock compensation award accounting

Companies can satisfy GAAP using the IRS ‘presumption of reasonableness’ standard rather than doing a separate valuation estimate.

By Robert Freedman • Aug. 6, 2021

GM CFO: 'We're exercising a lot of caution about the future'

The automaker “has always been focused on making sure we're putting numbers out that we know we can deliver on,” Paul Jacobson told analysts Thursday.

By Jane Thier • Aug. 6, 2021

Forecasting cash flow under volatile conditions

Not getting the forecast right can lead to a cash crunch and, if the business is for sale, make it harder to close the deal.

By Ramona Dzinkowski • Aug. 4, 2021

Mastercard CFO: consumers 'ready and willing' to increase spending

“The U.S. has always been a laggard when it comes to contactless payments, but that’s changing,” Sachin Mehra says. 

By Jane Thier • Aug. 3, 2021

Almost 90% of SPACs have had to restate financials

Concerns by the Securities and Exchange Commission over the accounting of warrants spurred a compliance rush, both by operating companies and SPAC sponsors.

By Robert Freedman • Aug. 2, 2021

CFOs called key to setting comparables in SPAC warrant valuations

The goal is to find comparables that accurately reflect the lowest possible volatility level of the target company’s warranty valuation.

By Robert Freedman • July 30, 2021

SEC charges Nikola founder with fraud

Trevor Milton repeatedly made claims, mostly through social media, that either misstated or far exceeded what Nikola and its products actually did or could do, according to the Securities and Exchange Commission. 

By Robert Freedman • July 29, 2021

SEC may require climate risk disclosures in expanded 10-Ks: Gensler

SEC Chair Gary Gensler says a company, when filing mandatory climate risk disclosures, may need to measure carbon emissions across its “value chain.”

By Jim Tyson • July 28, 2021

Global regulators unite to intensify scrutiny of SPACs

A group of securities market regulators from several countries launched a joint network to monitor SPAC deal-making.

By Jim Tyson • July 27, 2021

Loan performance could worsen under new lease accounting standards

For executives whose pay is tied in part to company performance, debt troubles from the reporting changes could impact compensation.

By Ed McCarthy • July 26, 2021

Twitter CFO eyeing subscription model

Over time, CFO Ned Segal said, Twitter envisions subscriptions being a “big part” of the company. But currently, it's prioritizing advertising, which brought in over $1 billion during the second quarter, and "is firing on all cylinders.”

By Jane Thier • July 26, 2021

Tax complexity rising for global companies, survey finds

Global companies face increasingly complex taxation in dozens of countries, especially in calculating transfer pricing and when challenging tax assessments, according to a survey.

By Jim Tyson • July 26, 2021