Financial Reporting: Page 44
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Deep Dive
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 -
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 -
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 -
Deep Dive
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 -
Former Clinton CFO, CFTC head Gary Gensler expected to be named SEC chief
Should the Senate confirm the long-time Washington policymaker, he will likely prioritize ESG reporting and tighter regulatory safeguards.
By Robert Freedman • Jan. 14, 2021 -
North American M&A deal volume hits record Q4, survey finds
Although deal-makers shook off the pandemic during the fourth quarter, total global transactions fell last year to the lowest level since the mortgage finance crisis.
By Jim Tyson • Jan. 12, 2021 -
As fraud rises, CFOs must approach numbers skeptically, report finds
Executives might be committed to accuracy, but middle managers and others throughout the organization must be on board, too.
By Robert Freedman • Jan. 12, 2021 -
Middle market CFOs predict 'extraordinary' growth in 2021, survey finds
After an unprecedented year, CFOs anticipate recovery and new opportunities, the 2021 BDO Middle Market CFO Outlook Survey, released Monday, found.
By Jane Thier • Jan. 11, 2021 -
Top red flags CFOs accidentally raise on earnings calls
Transparency is typically the issue when finance leaders' comments spark concern.
By Ted Knutson • Jan. 7, 2021 -
2020 CFO Dive trends to watch
Jan. 5, 2021 -
FASB expected to look at goodwill, expense reporting this year
The two issues could prove contentious for the accounting standards organization.
By Jim Tyson • Jan. 4, 2021 -
China's Luckin Coffee falsified sales; hit with $180M SEC fine
The company misstated earnings and revenue to suggest it was achieving rapid growth and increased profitability when it wasn't, the agency says in its settlement agreement.
By Robert Freedman • Dec. 17, 2020 -
Capitalize talent, ESG values, academic says
There is a plausible way to measure internally generated intangibles under GAAP, according to Professor Marvin Weiss.
By Robert Freedman • Dec. 16, 2020 -
SEC's cooperation credit an olive branch that can come with thorns
Clarity would help companies weigh the cost of cooperation against the benefit they might, or might not, receive in return, enforcement specialists say.
By Ted Knutson • Dec. 15, 2020 -
SEC fines GE $200M, disclosure failures of cost estimate changes at core of penalty
The company never disclosed some profits from its power business stemmed from changes to cost estimates, not increased business, the SEC alleges.
By Robert Freedman • Dec. 10, 2020 -
SaaS metrics are often misreported
As non-GAAP measures, these metrics might be based on variables other companies don’t share, but they can be made more accurate, says SaaStr head Jason Lemkin.
By Robert Freedman • Dec. 7, 2020 -
Cheesecake Factory misled on COVID-19 disclosures, SEC says
The company told the SEC it was operating sustainably, but only had 16 weeks of cash available.
By Robert Freedman • Dec. 5, 2020 -
2020 MIT Sloan CFO Virtual Summit: Full coverage
Dec. 4, 2020 -
Sustainability reporting nearly universal among large companies, survey finds
Although some reporting standards are widely used, there isn’t a single framework for companies to ensure accurate measurement and communication of their environmental impact, a KPMG survey found.
By Robert Freedman • Dec. 2, 2020 -
Salesforce CFO to depart amid landmark Slack deal
In an earnings release Tuesday, CEO Marc Benioff announced Chief Legal Officer Amy Weaver will step in as the next finance chief.
By Jane Thier • Dec. 2, 2020 -
How to best manage ESG disclosures
Environmental, social and governance reporting will likely become mandatory for public companies, specialists say. CFOs should figure out best practices now.
By Ted Knutson • Nov. 24, 2020 -
Most important part of financial planning? Communication.
"This is when we need to show what leadership is all about," Judy Romano, CFO of commercial and technology for InterContinental Hotels Group, said on a virtual MIT Sloan CFO Summit panel Friday.
By Jane Thier • Nov. 23, 2020