Financial Reporting: Page 43
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FASB won't delay new lease standards for private companies, nonprofits
The Financial Accounting Standards Board had already delayed the standards twice before. They take effect for annual reports released after December 15, 2021.
By Robert Freedman • Nov. 11, 2021 -
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Cryptocurrencies not on FASB's agenda beyond info-gathering
Delays in standards for lease and LIBOR accounting are among priorities the accounting standards group is focusing on.
By Robert Freedman • Nov. 10, 2021 -
Explore the Trendline➔
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TrendlineCFO best practices in the evolving generative AI era
As the initial frenzy around the launch of generative artificial intelligence subsides, a new GenAI era appears to be taking shape.
By CFO Dive staff -
FASB to consider another lease accounting delay
Private companies and nonprofits say they need more time to make the sweeping changes required under the Sec. 842 standards that require leases to be included on the balance sheet.
By Robert Freedman • Nov. 10, 2021 -
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Sponsored by ItemizeIntentional versus unintentional expense fraud: How finance leaders can detect and prevent fraud
The first step to setting up the right controls and safeguards is understanding how expense fraud takes place.
By Khushboo Koutu, Marketing Director • Nov. 8, 2021 -
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Audit fees rise faster than inflation
The scope of audits grew as companies coped with pandemic disruptions and sought an edge through acquisitions, according to a study sponsored by the Center for Audit Quality.
By Jim Tyson • Nov. 2, 2021 -
FASB changes contract revenue accounting for post-merger companies
Instead of applying a fair market value calculation to an acquired company's contract assets and liabilities, acquiring companies are to apply ASC 606 as if they originated the contracts.
By Robert Freedman • Nov. 2, 2021 -
SEC chief accountant calls for safeguards for independent audits
"Not all audits are created equal," a top SEC official said, noting the imperative to "vigilantly maintain the independence of auditors."
By Jim Tyson • Oct. 27, 2021 -
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Deep Dive11 CFO tips for riding the rising tide in ESG activism
CFOs eager to steer clear of shareholder activists should publicly embrace sustainability despite flaws in the measurement of best practices.
By Jim Tyson • Oct. 20, 2021 -
Flaws persist in audits of U.S. companies: PCAOB
“We continue to identify a number of deficiencies that recur from year to year,” the U.S. audit watchdog said in a report.
By Jim Tyson • Oct. 19, 2021 -
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SEC dusts off 2015 rule requiring clawbacks for financial restatements
If it takes effect, executives would have to give back bonuses and other forms of equity-based compensation that was tied to numbers reported in error.
By Robert Freedman • Oct. 15, 2021 -
CFOs might find PCAOB evidence-quality guide a useful auditor check
An opinion that’s supported by irrelevant or unreliable data might inaccurately capture company performance.
By Robert Freedman • Oct. 8, 2021 -
Accounting changes said to be timed to influence earnings
Changes in accounting estimates (CAEs) are plugged in when they’re needed to give earnings an up or down push, researchers contend.
By Robert Freedman • Oct. 6, 2021 -
PepsiCo CFO anticipating continued price hikes due to inflation
Hugh Johnston said the consumer packaged goods giant has suffered from supply chain constraints, but, because of its advanced planning, is faring "better than most."
By Jane Thier • Oct. 5, 2021 -
Courtesy of National CineMedia
Movie theater advertiser looks to new CFO following rocky quarters
Following news of Ronnie Ng’s hire, National CineMedia’s shares jumped by more than 11% on Monday, after a quarter with a 72% revenue drop.
By Jane Thier • Sept. 28, 2021 -
Courtesy of Freshworks
On IPO day for India's first unicorn, CFO credits operational readiness
“Our next goal is to get to a billion dollars in revenue,” Tyler Sloat, CFO of Freshworks, told CFO Dive on the SaaS company’s listing day.
By Jane Thier • Sept. 22, 2021 -
Rise in non-financial disclosures gives CFOs a chance to shine
As organizations pack their reports with more information, the workload is increasing but so is the opportunity to tell a compelling story.
By Ted Knutson • Sept. 22, 2021 -
Courtesy of Transfix
Logistics startup Transfix to go public via SPAC
The transaction would give Transfix more financing options, including for mergers and acquisitions, but the company’s main focus is on organic growth, CFO Christian Lee says.
By Jane Thier • Sept. 21, 2021 -
FASB OKs flexible discount-rate options under new lease accounting standards
The change permits private companies and nonprofits to save money by using different calculations for different asset classes.
By Robert Freedman • Sept. 16, 2021 -
CFO optimism towards economy declining, M&A interest rising: survey
Respondents to Deloitte's CFO Signals survey lowered expectations for revenue, earnings, spending and dividends, and raised them for hiring and salaries.
By Jane Thier • Sept. 16, 2021 -
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Sponsored by ProphixThe rise of next-gen CPM 3.0 for more dynamic business performance
Nimble and quick reporting and continuous reforecasting is the new necessity for business success
By Alok Ajmera, CEO of Prophix Software • Sept. 13, 2021 -
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Former CFO of drugmaker Aceto sentenced for insider trading
Douglas Roth sold his shares two weeks prior to its public disclosure of financial troubles, the Securities and Exchange Commission says.
By Jane Thier • Sept. 9, 2021 -
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Sponsored by ItemizeMachine learning and AI to revolutionize CFO operations
As a subset of AI technology, machine learning provides the tools to optimize every aspect of the workflow - from data capture to analytics.
By Khushboo Koutu, Marketing Director • Sept. 7, 2021 -
Courtesy of Zoom
Following quarter of slow growth, Zoom CFO discusses potential headwinds
Despite reporting its first billion-dollar quarter on Monday, Kelly Steckelberg says the video conferencing company's small-business consumers' return to in-person work is creating headwinds in its mass market.
By Jane Thier • Aug. 31, 2021 -
Courtesy of Peloton
Peloton CFO discusses price cuts, relaunching treadmill following recall
The fitness company is grappling with an SEC investigation, several lawsuits and a Department of Homeland Security subpoena related to its treadmill recall last quarter.
By Jane Thier • Aug. 30, 2021 -
Courtesy of Target
Target posts 9% traffic-driven comp sales, CFO says
"This year's performance has been growth on top of growth," CFO Michael Fiddelke says. "Typically, in retail, if you saw a large, mature company like ours growing at [this] rate, you'd assume we were comping over soft numbers from the prior year."
By Maria Monteros • Aug. 18, 2021
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