Financial Reporting: Page 48
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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 -
Courtesy of Mastercard
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 -
Explore the Trendline➔
Mario Tama via Getty Images
TrendlineTop 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 -
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 -
Courtesy of Nicola
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 -
Alex Wong via Getty Images
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 -
Chip Somodevilla via Getty Images
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 -
Drew Angerer via Getty Images
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 -
Chip Somodevilla via Getty Images
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 -
Spencer Platt via Getty Images
CFOs chart a COVID real estate strategyCoronavirus real estate shifts pose accounting complexities
CFOs confront a tangle of accounting challenges as they reopen offices and prepare for post-pandemic use of real estate, a Deloitte survey found.
By Jim Tyson • July 23, 2021 -
Usefulness of SaaS metrics lies in context, not isolation
High customer acquisition costs, like some low conversion rates, shouldn't automatically be considered a bad signal.
By Robert Freedman • July 23, 2021 -
Retailer, former CEO charged with accounting failures
The SEC charged Tandy Leather Factory and its former CEO with knowingly maintaining a flawed inventory system that led to errors in its financial statements.
By Jim Tyson • July 22, 2021 -
Courtesy of NRDC
ESG reportingCorporate 'greenwashing' poses growing threat to ESG goals: report
Sustainable financing has surged since 2015 but false corporate claims jeopardize carbon reduction efforts, Generation Investment Management said in a report.
By Jim Tyson • July 21, 2021 -
Courtesy of Chipotle
Chipotle CFO: higher wages preventing staff shortages
The company maintains pricing power, finance chief Jack Hartung says, giving it flexibility to decide when to use that power to either protect margins or make an additional investment in its people.
By Jane Thier • July 21, 2021 -
Jon Cherry via Getty Images
J&J predicts faster coronavirus vaccine sales amid debate over boosters
The pharmaceutical company expects $2.5 billion in sales from its shot this year, its CFO told analysts, despite concerns over protection against variants and significant manufacturing setbacks.
By Ned Pagliarulo , Jane Thier • July 21, 2021 -
CEO, CFO charged with faking revenue, bond documents
The Securities and Exchange Commission alleges the former executives of FTE, a network infrastructure company, used phony paperwork to hide the financial health of the company while spending lavishly on themselves.
By Robert Freedman • July 20, 2021 -
Alex Wong via Getty Images
SPAC sponsor, merger target charged with misleading statements
Under a settlement for making inaccurate claims about the target company's technology, the sponsor must give up any founder shares it would have received from the merger, and private investment in public equity (PIPE) investors can terminate their subscription agreements before the merger.
By Robert Freedman • July 14, 2021 -
David McNew via Getty Images
Bank of America's Q2 profit soars, CFO sets in-person work deadline
A $2.2 billion loan-loss reserve release buoyed the nation's second-largest bank as it anticipates an economic rebound from the COVID-19 pandemic.
By Anna Hrushka • July 14, 2021 -
Spencer Platt via Getty Images
Double set of books could prove Trump Organization's undoing
An internal spreadsheet the company kept treated expenses in one way while the expenses were treated another way in the general ledger.
By Robert Freedman • July 13, 2021 -
3 hit with Long Island Iced Tea insider trading
A company employee sent a friend a draft press release on the beverage company's upcoming pivot to blockchain technology.
By Robert Freedman • July 12, 2021 -
Daphne Howland/CFO Dive
Levi's CFO: 'I firmly believe we have pricing power'
On the heels of a strong second-quarter earnings report for the company, Harmit Singh discussed the merits of upping prices during times of economic success versus amid hardship.
By Jane Thier • July 12, 2021 -
Opinion
Why CFOs should lead the way on sustainability
The way forward can feel messy, time-consuming and amorphous for CFOs, but this is an extraordinary time in history to tackle these challenges.
By Anthony Coletta • July 7, 2021 -
Spencer Platt via Getty Images
Trump CFO, company charged with scheme to hide compensation
Among the counts against Allen Weisselberg is grand larceny in the second degree, a felony with a maximum 15-year prison sentence.
By Robert Freedman and Jane Thier • July 1, 2021 -
FASB appears ready to require supplier financing disclosure
The trade payable arrangements, which help companies manage cash, typically aren’t publicly reported despite posing a liquidity risk.
By Robert Freedman • July 1, 2021
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