Financial Reporting: Page 59
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SEC chair wants corporate disclosure of political donations in ESG regime
SEC Acting Chair Allison Herren Lee said disclosure on political spending would help investors ensure company donations align with public ESG statements.
By Jim Tyson • March 16, 2021 -
Permission granted by Stripe
Stripe's new $95B valuation makes it the most valuable Silicon Valley startup
The payments processing company's new valuation is based on raising $600 million in new capital that it plans to use for further expansion in Europe, CFO Dhivya Suryavedara said.
By Lynne Marek • March 15, 2021 -
Explore the Trendline➔
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TrendlineTop 5 stories from CFO Dive
The disruption of the rules-based global order means CFOs need to adjust scenario planning to the prospect of higher capital costs and greater foreign exchange risks.
By CFO Dive staff -
Permission granted by E.A. Crunden
Lawmakers propose extending PPP coronavirus rescue aid through May
Legislation introduced in the House and Senate would postpone the deadline for the Payroll Protection Program from March 31 to May 31.
By Jim Tyson • March 15, 2021 -
SEC official: Companies avoiding ESG disclosures 'risk higher costs of capital'
Disclosing some ESG-related issues may eventually prove as important for companies as reporting asbestos-related risks, a top SEC official said.
By Jim Tyson • March 13, 2021 -
EBITDA, factoring, other issues leading to 2020 reporting differences
Companies are showing pandemic impacts in their 2020 financial reports in a variety of ways, a Moody’s analysis finds.
By Robert Freedman • March 11, 2021 -
CFOs see need to overhaul capital strategy amid pandemic 'shock,' EY says
The pandemic has given CFOs a "once-in-a-generation shock," forcing them to completely rethink their capital allocation strategy, an EY survey found.
By Jim Tyson • March 11, 2021 -
SEC charges AT&T, executives with selectively providing analysts Info
The company improperly disclosed material nonpublic information to research analysts, the Securities and Exchange Commission alleges.
By Robert Freedman • March 10, 2021 -
Goodwill impairment on track to rival 2008 meltdown
Goodwill is projected to drop $143 billion in 2020 due to the pandemic, Duff & Phelps analysts say, while also noting that the government stimulus should probably get credit for preventing greater losses.
By Robert Freedman • March 10, 2021 -
Direct method touted as best way to forecast cash flow
The traditional indirect method, while necessary for financial reporting, isn’t well-suited for planning, finance specialists say.
By Robert Freedman • March 9, 2021 -
Credit risk eases after regulator clarifies sunset of LIBOR, Moody's says
Regulatory clarity on the phase-out of LIBOR has reduced the credit risk tied to billions of dollars in financial contracts, Moody's Investors Service said.
By Jim Tyson • March 9, 2021 -
Talend CFO walked investors through gutsy pandemic response
The data integration company's decision to keep its foot on the gas required a number of frank conversations but the move has positioned it well.
By Robert Freedman • March 3, 2021 -
US tax executives seeing more taxation disputes, survey finds
The economic fallout from the pandemic has prompted U.S. companies to alter their tax strategies and has increased disputes over taxation, according to a BDO survey.
By Jim Tyson • March 2, 2021 -
CFO of still-unprofitable DoorDash shares growth plans, investments
The takeout and delivery app with a 48% market share is investing in food preparation robots, subscription program and partnerships with commercial retailers, Prabir Adarkar said, after its first earnings report as a public company.
By Jane Thier • March 1, 2021 -
Gulfport failed to disclose perks, SEC says; CEO penalized
The gas exploration and development company avoided a fine by fixing the problem quickly, but the CEO was hit with a civil fine for causing the disclosure failures.
By Robert Freedman • March 1, 2021 -
Courtesy of Coinbase
Coinbase to go public via direct listing
Bypassing a traditional IPO, the cryptocurrency exchanger will be following in Slack and Spotify's foot steps, and be the first major direct listing on Nasdaq.
By Robert Freedman • Feb. 28, 2021 -
RF/CFO Dive, data courtesy of Daderot (public domain)
CFOs make few COVID-related EBITDA adjustments
The pandemic’s length has made it hard to justify an accounting approach intended for one-time events.
By Robert Freedman • Feb. 27, 2021 -
Opinion
Making pandemic-related EBITDA adjustments
Annualized earnings, 2021 EBITDA and swap outs are three approaches CFOs are taking to show company performance potential in light of COVID-19.
By Brian Garfield • Feb. 25, 2021 -
Former KPMG auditors signed off on incomplete college financials
The SEC penalized the auditors for their unprofessional conduct in allowing the College of New Rochelle to release a financial report before completing critical audit steps.
By Robert Freedman • Feb. 24, 2021 -
Biden's corporate tax hike would reduce output, jobs, wages, study finds
Biden’s proposed increase in corporate tax would push up the U.S. federal-state combined tax rate to the highest level in the OECD, the Tax Foundation said.
By Jim Tyson • Feb. 24, 2021 -
Courtesy of General Mills
General Mills CFO: 'Our job is to be competitive regardless of demand'
Kofi Bruce said the food corporation has been "governed by a philosophy that the demand environment will be what it will be.”
By Jane Thier • Feb. 21, 2021 -
Whole Foods/CFO Dive, data from https://media.wholefoodsmarket.com/image-library/category/prepared-foods
Report: Hardest-hit businesses received less than 10% of PPP loans
Companies in food services and similar businesses slammed by COVID-19 received a comparatively small portion of PPP loans in 2020, according to a Tax Policy Center analysis.
By Jim Tyson • Feb. 21, 2021 -
Moriah Solomon. (2021). [Photograph]. Retrieved from Unsplash.
Prior business relationships influence PPP coronavirus lending, study finds
Banks used the PPP last year to strengthen relations with “large connected firms,” a joint study by Washington University in St. Louis, Boston College and the University of Geneva found.
By Jim Tyson • Feb. 17, 2021 -
A financial advisor's top 5 SPAC tax issues
Identifying acquirer and predecessor entities are among decisions the tax team of the combined company must make.
By Robert Freedman • Feb. 17, 2021 -
Survey: Most financial executives not planning to use bitcoin as corporate asset
Volatility discourages most financial executives from ever adopting bitcoin even though it is gaining some acceptance in finance, according to a Gartner survey.
By Jim Tyson • Feb. 17, 2021 -
Courtesy of PepsiCo
PepsiCo CFO: 'The world is permanently shifted'
Hugh Johnston credited the company's successful fourth quarter to its commitment to understanding its new, evolving environment.
By Jane Thier • Feb. 15, 2021
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