Financial Reporting: Page

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

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

Explore the Trendline➔

Top 5 stories from CFO Dive

To stay competitive many CFOs are focused on balancing AI’s risks and opportunities while also adjusting to fast-changing tariff policies and labor markets.

By CFO Dive staff

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

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

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

3 CFO mistakes to avoid as IT spend rises to record in 2021

Financial executives should avert mistakes in digital transformation as they budget record capital for IT purchases this year.

By Jim Tyson • Feb. 15, 2021

FASB OKs more timely goodwill impairment testing

Finance teams can wait until their company’s next reporting period to test for any reduction in value.

By Robert Freedman • Feb. 15, 2021

Twitter CFO: Jump in January users after Trump ban

The social media platform added more daily active users in January, the month Trump was banned, than the average of the last four Januarys, Ned Segal told CNBC. 

By Jane Thier • Feb. 10, 2021

Survey: CFOs plan to shore up reserves against pandemic, other risks

CFOs are reacting to the pandemic-induced downturn by reshaping risk strategies and cushioning against future shocks, a Euler Hermes survey finds.

By Jim Tyson • Feb. 9, 2021

Hershey's CFO: Stay-at-home mandates 'played to our strengths'

When 2020 showed "just how precious" family rituals and traditions are, classic Hershey's products reaped the benefits, CFO Steve Voskuil said.

By Jane Thier • Feb. 8, 2021

Chipotle remains 'impressive' despite share price drop, CFO says

Despite the pandemic, in no region has Chipotle’s digital business dropped below 40%, which is CFO Jack Hartung’s "rough floor" for online sales, he told Barron’s.

By Jane Thier • Feb. 7, 2021

CFOs turn to shelf registrations to position companies for capital raises

Filings can have a short-term negative impact. But when the timing is right, they help companies move quickly with stock and other offerings.

By Robert Freedman • Feb. 7, 2021

Study: States cut corporate taxes despite pandemic-induced shortfalls

A plunge in tax revenue caused by the downturn in 2020 did not discourage several states from trimming corporate income taxes.

By Jim Tyson • Feb. 4, 2021

Former WageWorks CEO, CFO fined for improperly recognizing revenue

The penalty includes clawbacks of the executives’ incentive-based compensation.

By Robert Freedman • Feb. 3, 2021

SEC appoints policy advisor to advance new initiatives on ESG

The appointment of an ESG advisor by the acting SEC chair follows commitments by President Biden to redouble efforts to combat climate change.

By Jim Tyson • Feb. 2, 2021

GAAP is obsolete; treat talent like the asset it is

The intellectual workforce that drives company growth should be capitalized and amortized like traditional production investments. 

By Marvin Weiss • Feb. 1, 2021

ESG, SPAC trends converge with AppHarvest capital raise

Following its entrance to the public market on Monday, former Impossible Foods CFO David Lee says the agricultural tech company has no intentions of being a "precious small player."

By Jane Thier • Feb. 1, 2021

5 CFO tips for tapping today's abundant capital

Record monetary and fiscal stimulus is flooding markets with liquidity, giving CFOs an unusual opportunity to improve capital structure.

By Jim Tyson • Jan. 29, 2021

Survey: 42% of retail CFOs expect to restructure as industry revenue declines persist

While struggles and distress abound, many retail CFOs are investing in e-commerce and other channels as the pandemic reshapes the industry, a BDO survey found. 

By Ben Unglesbee • Jan. 25, 2021

Deregulation critic Allison Herren Lee named acting SEC chair

The financial regulation specialist has been a voice against weakening the oversight structure protecting investors.

By Robert Freedman • Jan. 23, 2021

SEC to take harder line on financial reporting, attorneys say

COVID-19 and ESG disclosures, information controls and SPACs could receive increased scrutiny, along with accuracy of filings as part of Biden’s SEC approach. 

By Robert Freedman • Jan. 21, 2021

IRS postpones date for companies to repay deferred payroll taxes

Companies now must repay 2020 taxes delayed as part of pandemic-related relief by Dec. 31, rather than April 30.

By Jim Tyson • Jan. 21, 2021

Yellen: Small business, COVID-19 aid more important than deficits right now

The Biden Administration wants to amend rather than repeal the 2017 tax law by eliminating some benefits to large companies and the highest-income taxpayers, the Treasury nominee said during her confirmation hearing.

By Jim Tyson • Jan. 20, 2021

Zoom raises $2B in stock offering, preferring flexibility of equity

Zoom's equity raise exceeded its initial target and provides additional flexibility on the balance sheet.

By Jim Tyson • Jan. 20, 2021