Financial Reporting: Page 29
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Keurig Dr. Pepper taps new CFO
Sudhanshu Priyadarshi was appointed CFO after his predecessor moved up to the CEO post.
By Elizabeth Flood • Oct. 26, 2022 -
Judge denies Rialto bid to dismiss Icahn mall suit
The suit comes as CFOs are likely to face more disputes around appraisals as the slowing economy impacts real estate valuations.
By Maura Webber Sadovi • Oct. 25, 2022 -
Trendline
Top 5 stories from CFO Dive
The promises and traps of generative AI, revamped modern finance teams and stark geopolitical risks are among the top forces CFOs are grappling with this year.
By CFO Dive staff -
SEC busts cannabis company on fraud charges
Cronos, a Canadian producer of marijuana-based products, settled with regulators over charges of faulty accounting and lax controls.
By Jim Tyson • Oct. 25, 2022 -
Companies brace for downturn amid high inflation: Fed
Persistent cost pressures and supply chain bottlenecks are intensifying recession fears at U.S. companies, the Federal Reserve said.
By Grace Noto • Oct. 20, 2022 -
Baker Hughes appoints CFO, warns on inflation
The Houston-based oil services giant snapped up Nancy Buese from Newmont Mining, naming her as their new chief financial officer.
By Elizabeth Flood • Oct. 20, 2022 -
Opinion
Tackling the build versus buy forecasting dilemma
The rise in economic volatility is increasing the need for better decisions when it comes to acquiring and interpreting forecasting data.
By John Frechette • Oct. 20, 2022 -
3 ways CFOs can utilize ERP as recession hedge
Strong enterprise resource planning (ERP) systems can help businesses prepare to survive an impending and potentially inevitable recession.
By Elizabeth Flood • Oct. 19, 2022 -
PCAOB hits audit partner with record $150K penalty
The fine is the largest civil penalty levied against an individual by the federal audit watchdog since it was established in 2002.
By Maura Webber Sadovi • Oct. 19, 2022 -
Businesses seek 15% minimum tax guidance for financials
Absent IRS direction, certain companies may struggle to accurately report the new tax’s financial impact in their future financial reports.
By Maura Webber Sadovi • Oct. 18, 2022 -
Supply chain partnerships key for the modern CFO
Between advancing ESG reporting requirements and the modernizing CFO seat, developing strong supply chain partners is key for CFOs to find and utilize the right data.
By Elizabeth Flood • Oct. 18, 2022 -
Deep Dive
7 CFO tips to prepare for SEC climate risk rule
CFOs should not delay putting in place the staff, technology and processes needed to comply with an imminent SEC rule requiring detailed disclosure on climate risk.
By Jim Tyson • Oct. 18, 2022 -
FASB fair-value play poised to clear crypto barrier
If adopted, the standard would eliminate a deterrent that keeps some companies from getting involved with crypto, according to a Crowe LLP partner.
By Maura Webber Sadovi • Oct. 17, 2022 -
Beyond Meat taps insider for CFO, slashes workforce
Lubi Kutua will take on the struggling company’s CFO seat as it moves to cut down its workforce.
By Elizabeth Flood • Oct. 17, 2022 -
Superfund taxes stress chemical importers, suppliers
Many companies are still struggling to understand whether the reinstated Superfund excise taxes apply to their operations and what it all means for tax bills.
By Dawn Wotapka • Oct. 14, 2022 -
BlackRock reports profit pullback, affirms ESG commitment
BlackRock’s ESG policies, which have put it in the middle of a tug-of-war in U.S. politics, are providing investors with a range of options, the asset manager said.
By Grace Noto • Oct. 13, 2022 -
FASB votes for fair-value crypto fix
The FASB’s tentative decision Wednesday is an important step toward providing an answer to the crypto valuation question companies and other stakeholders have been clamoring for.
By Maura Webber Sadovi • Oct. 13, 2022 -
Watch for these common invoice scams
Mid-sized businesses are losing almost $300,000 annually to invoice fraud, which can also hurt supplier relationships, according to Branden Jenkins, COO of Medius.
By Maura Webber Sadovi • Oct. 10, 2022 -
EY in ‘dialogue’ with IRS on split-off divestitures
As financial report preparers are beginning to grapple with the ramifications of the new 15% corporate minimum tax, the split-off issue is emerging as a flashpoint.
By Maura Webber Sadovi • Oct. 7, 2022 -
FASB preps biggest ‘segment’ accounting change in 25 years
Under the proposal, publicly-traded companies would have to disclose more frequent and comprehensive data on their business units.
By Maura Webber Sadovi • Oct. 6, 2022 -
Private company CFOs grapple with new lease accounting
Lease inventories, hiring more staff and renegotiating lease terms are some of the moves private companies can take to make compliance easier.
By Dawn Wotapka • Oct. 6, 2022 -
FASB extends LIBOR relief two years
The decision has been months in the making and comes as FASB’s rule-making process has come under fire from a Securities and Exchange Commission committee.
By Maura Webber Sadovi • Oct. 5, 2022 -
PCAOB sanctions four audit firms in enforcement ‘sweep’
The watchdog for the firms that audit publicly-traded companies has intensified supervision in 2022, with plans to sharpen penalties against rule-breakers.
By Jim Tyson • Oct. 5, 2022 -
FSOC crafts committee for climate-related financial risks
The FSOC said its new committee will focus on gathering information and analyzing climate-related financial risks.
By Grace Noto • Oct. 4, 2022 -
BlackRock CFO pick may signal strategy shift
The CFO shift could indicate a deeper focus on the private equity or high net worth wealth arena for BlackRock, an analyst said.
By Grace Noto • Oct. 3, 2022 -
Sponsored by InnoVyne Technologies
Top-down budgeting vs bottom-up budgeting: Which one is best for your business?
In this article, we'll go over both approaches to budgeting so you can pick the one that works best for your business.
Oct. 3, 2022