ChatGPT fails accounting class

ChatGPT has met its match in an accounting course, with students scoring an overall average of 76.7%, compared to ChatGPT’s score of 47.4%, according to research from Brigham Young University.

By Elizabeth Flood • April 26, 2023

It’s time for holistic emissions accounting

A fulsome and holistic accounting of a company's operational emissions and other sustainability risks helps businesses find new pathways and opportunities for value creation, Donavan Hornsby writes.

By Donavan Hornsby • April 26, 2023

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Digital transformation, one smart step at a time

As pricing pressures tighten margins and technologies like artificial intelligence evolve, finance chiefs are more closely scrutinizing the cost and returns of the tech tools they implement.

By CFO Dive staff

Consumer confidence sinks, implying downturn to come

Weakening optimism among consumers, as measured by the Conference Board, coincides with a decline in credit.

By Jim Tyson • April 25, 2023

Tarsus Pharmaceuticals replaces CFO

The biopharmaceutical company is parting ways with former CFO Leo Greenstein, who started at his post back in 2020.

By Elizabeth Flood • April 25, 2023

Atlassian zeros in on customer retention, CRO says

The Australia-based tech company is refreshing its widely-used workplace collaboration tech tools Confluence and Jira and adjusting to its customers' changing needs amid the tech downturn. 

By Suman Bhattacharyya • April 25, 2023

These retailers stand to gain as Bed Bath & Beyond disappears

Walmart, Amazon and especially Target have already been taking market share from the struggling home goods retailer for quite some time.

By Daphne Howland • April 25, 2023

Majority of execs anticipate AI adoption in 1-2 years: KPMG

While corporate executives believe that generative AI has enormous potential, they also see major hurdles to adoption, a KPMG study found.

By Alexei Alexis • April 25, 2023

Hiring slows, signaling recession risk: NABE

Economists are evenly split on whether the U.S. will fall into recession within the next 12 months, NABE found in a survey.

By Jim Tyson • April 24, 2023

Disney to restructure finance team: CFO memo

In a memo to employees from CFO Christine McCarthy that was later leaked, she outlined plans for changes to the structure of the company’s financial team, according to a Business Insider report.

By Elizabeth Flood • April 24, 2023

SVB Financial Group’s CEO, CFO resign

The former Silicon Valley Bank parent did not name a replacement for the CEO role, but said Nicholas Grossi, managing director of advisory firm Alvarez & Marsal, will serve as the company’s interim CFO.

By Anna Hrushka • April 24, 2023

Research, interest deduction changes bedevil tax filers

Two provisions of the 2017 Tax Cuts and Jobs Act that went into effect last year are still catching some finance leaders off guard.

By Maura Webber Sadovi • April 21, 2023

To keep pace with healthcare costs, data is key

For CFOs managing both company costs and their employees’ wellbeing, having access to the right data to make strategic healthcare decisions is essential.

By Grace Noto • April 21, 2023

IBM leans on AI, hybrid cloud as infrastructure business stalls

“We've been digitally transforming IBM, much in the same way we're helping our clients with their transformation,” CFO James Kavanaugh said during a Q1 2023 earnings call.

By Matt Ashare • April 20, 2023

Half of global workers open to leaving jobs: study

Thirty percent of businesses are experiencing “value drag,” with employees feeling disengaged and looking to leave, and another 18% are in a “value risk” state, where business value is at significant risk, according to the research.

By Alexei Alexis • April 20, 2023

Automaker Stellantis taps Adidas alum to replace longtime CFO

The multinational automaker is replacing its longtime CFO Richard Palmer with Adidas alum Natalie Knight.

By Elizabeth Flood • April 20, 2023

3 CFOs talk shifting ESG headwinds

The nuanced picture that three CFOs painted Tuesday of the business case for ESG sharply contrasted with the backlash that has roiled the public debate recently.

By Maura Webber Sadovi • April 19, 2023

Flexibility still king for workers: Report

Despite a labor market resurgence in March, nearly half (47%) of those in the workforce are still highly concerned about what a downturn may mean for their job security and finances, the April Workforce from iCIMS said.

By Elizabeth Flood • April 19, 2023

EY to lay off 3,000 workers after split craters

A week after “Project Everest” was halted, the Big Four firm is slashing its workforce.

By Elizabeth Flood • April 18, 2023

4 CFO tips for demystifying AI hype

Innovation in AI has prompted talk of a coming technological leap as profound as the creation of the internet. It has also sparked anxiety. CFOs need to navigate past the hype and fear.

By Jim Tyson • April 17, 2023

Zepto names CoinSwitch alum as CFO ahead of IPO

The India-based grocery delivery service hired Ramesh Bafna as its next CFO. The company plans to go public in the next two years.

By Elizabeth Flood • April 17, 2023

Rate hedging for non-bank CFOs

Many firms don’t have exposure to the longer-duration government bonds that hammered Silicon Valley Bank. But there are other rate risks to guard against.

By Maura Webber Sadovi • April 17, 2023

Credit squeeze likely to trigger recession: IACPM

Federal Reserve economists cited banking turmoil and predicted a mild downturn later this year.

By Jim Tyson • April 14, 2023

Accountants demand change or else

Rethinking the future of accounting could persuade some of the over two-thirds of accountants who may want to leave the profession to stay put, according to FloQast’s CEO.

By Elizabeth Flood • April 14, 2023

Why CFOs eyeing IPOs must prep now

While many companies have put public listing plans on pause, CFOs would be wise to get ready now for when the IPO window reopens, Nick Theos writes. 

By Nick Theos • April 14, 2023

Harley-Davidson CFO to take Hasbro’s helm

Gina Goetter will transition from motorcycles to Monopoly as she takes on a new CFO role at Hasbro. The toy company is set to cut 15% of its workforce this year.

By Elizabeth Flood • April 13, 2023