Financial Reporting: Page 49


  • Q&A

    Which KPIs are worth tracking?

    Srinivas Pothireddy, vice president at Apps Associates, told CFO Dive which metrics to analyze and which to ignore for meeting today's digitized demands. 

    By Jane Thier • Oct. 30, 2019
  • Amazon CFO: shift to 1-day shipping a 'drastic change to the whole network topology'

    Brian Olsavsky attributed the increased costs to continued capacity building related to the shift of default Amazon Prime shipping from two days to one.

    By Emma Cosgrove • Oct. 25, 2019
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    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
  • New metrics for improving visibility into company performance

    Finance metrics are lagging indicators, so you need to centralize collection of other performance measures to forecast future value.  

    By Robert Freedman • Oct. 23, 2019
  • Firms seek FASB guidance on supplier financing arrangements

    Arrangements such as reverse factoring need clear direction because they represent undisclosed liabilities that can catch investors off guard, analysts and accounting firms say.

    By Robert Freedman • Oct. 21, 2019
  • FASB extends lease accounting standards until January 2021

    Private companies and nonprofits get a one-year reprieve on new standards for showing lease obligations in their financials. 

    By Robert Freedman • Oct. 17, 2019
  • U.S. Bancorp CFO attributes 'strong quarter' to mortgage business growth

    Strategic investments in loan officers and its digital platform have contributed to the growth of U.S. Bancorp's mortgage arm, CFO Terrance Dolan said.

    By Anna Hrushka • Oct. 17, 2019
  • Card revenue buoys Citi Q3 earnings; CFO stresses cost management

    An 11% jump in the North American card segment stands as a relief after the bank lowered its expectations on net interest income. Meanwhile, the company is trying to rein in expenses, CFO Mark Mason said.  

    By Dan Ennis • Oct. 16, 2019
  • Companies more open when they face higher lawsuit risk

    The easier it is to sue, the more shareholders benefit, because companies are more likely to give regular guidance on the direction of their earnings.

    By Robert Freedman • Oct. 15, 2019
  • Since Enron, most countries have adopted accounting standards

    The next phase is to gain widespread adoption of investigation and discipline standards — in short, give standards more teeth.

    By Robert Freedman • Oct. 14, 2019
  • Accounting GAAP: Why digital companies struggle with reporting standards

    The legacy accounting system often misses the mark for many businesses. 

    By Oct. 6, 2019
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    Look at evidence before splitting up audit firms, accounting coalition says

    The International Federation of Accountants and other global accounting associations say firms that combine audit and non-audit work tend to perform better than those that only perform audits. 

    By Robert Freedman • Oct. 3, 2019
  • SEC rule expansion lets all companies 'test the waters' before issuing IPO

    The SEC's rule, previously reserved for emerging enterprises, allows companies to gauge market interest among potential investors before or after filing their registration statement.

    By Robert Freedman • Oct. 2, 2019
  • Lawmaker wants FASB standards subject to federal rulemaking procedures

    Unhappiness with how FASB handled its Current Expected Credit Loss (CECL) standard has led to a flurry of activism in the House.

    By Robert Freedman • Sept. 30, 2019
  • Fiat Chrysler to pay $40M over misleading investors on sales

    The company touted uninterrupted sales growth between 2012 and 2016. In months when the streak would have ended, it reported old sales as though they had just occurred, the SEC said.

    By Robert Freedman • Sept. 29, 2019
  • PwC settles with SEC for $7.9M over audit violations, improper conduct

    The firm exercised decision-making authority on behalf of some public clients, violating audit independence rules.

    By Robert Freedman • Sept. 23, 2019
  • Reverse factoring in cash management prompts alarm from Moody's

    Companies are stretching out their supplier payments with a new take on conventional factoring, but this often creates an undisclosed material debt obligation.

    By Robert Freedman • Sept. 22, 2019
  • Former Viking Energy CEO charged with lying about CFO

    The company operated without a finance chief despite a CFO signature appearing on annual and quarterly reports.  

    By Robert Freedman • Sept. 18, 2019
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    Disclosure rule hasn't improved audit quality, researchers say

    PCAOB's Rule 3211, controversial when enacted, was supposed to increase accountability and audit quality.

    By Robert Freedman • Sept. 17, 2019
  • SEC fines Marvell Technology $5.5M in revenue manipulation scheme

    The company's use of pull-in sales masked a substantial decline in customer demand, a loss of market share and reduced future sales, the agency said. 

    By Robert Freedman • Sept. 16, 2019
  • 5 signs you're about to run out of cash

    Cash is surprisingly hard to track, and knowing when it's about to run out is harder if you don't know the warning signs. 

    By Robert Freedman • Sept. 12, 2019
  • Former KPMG audit chief receives prison sentence for 'steal-the-exam' role

    A former 30-year KPMG executive was found guilty earlier this year of trying to give auditors a head's-up on which audits were to be reviewed by a federal regulator. 

    By Robert Freedman • Sept. 12, 2019
  • Auditors' ears are always listening, consultant says

    Risk management encompasses all aspects of an operation, from the tone coming out of the C-suite to what finance staff say to auditors at dinner.

    By Robert Freedman • Sept. 11, 2019
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    Median corporate CFO compensation is $203K, study finds

    A comprehensive Robert Half study lets finance and accounting professionals know how they stack up. 

    By Jane Thier • Sept. 11, 2019
  • RSM US fined $950K for auditor independence violations

    Affiliates of the accounting firm provided services to affiliates of companies it was auditing, the SEC said.

    By Robert Freedman • Aug. 27, 2019
  • Moody's blasts FASB's proposed lease accounting delay

    A plan to give private companies and nonprofits an extra year to adopt new lease accounting standards will hinder credit analyses, analysts at Moody's say.

    By Robert Freedman • Aug. 20, 2019