Financial Reporting: Page 50
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GE misreporting finances by $38B, Madoff whistleblower claims
The company denies improprieties and accuses the analyst of having a vested interest in creating short-term volatility in its stock.
By Robert Freedman • Aug. 15, 2019 -
Macy's CFO 'not pleased' with disappointing Q2 earnings report
CFO Paula Price expressed optimism towards the future, but the company admitted it must overcome problems in forecasting and inventory management.
By Jane Thier • Aug. 15, 2019 -
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 easing public companies' business disclosures
Public companies have more flexibility in describing their business and the risks they face in proposed changes to SEC rules.
By Robert Freedman • Aug. 13, 2019 -
Tariffs to cost maker of Saucony, Keds $5M, CFO says
CFO Mike Stornant said the pull-forward began in reaction to previous tariff threats, with inventory rising 35% in Q2.
By Emma Cosgrove • Aug. 13, 2019 -
Auditors penalized for highlighting companies' weak internal controls
Growth in one audit firm's business shrunk 8% after it exposed companies' weak controls.
By Robert Freedman • Aug. 13, 2019 -
DoorDash in search of $400M bank loan in advance of rumored IPO
This new influx of funds could better prepare it to go public and strengthen investor confidence in the food delivery company.
By Alicia Kelso • Aug. 13, 2019 -
Teva CFO resigns amid restructuring
Michael McClellan's departure comes as the generics giant tries to turn around sagging sales and profits.
By Jonathan Gardner • Aug. 7, 2019 -
IRS aims to curb ID theft with truncated Social Security numbers on W-2s
Starting with returns filed after Dec. 31, 2020, executives can replace the first five digits of employees' Social Security numbers with Xs or asterisks.
By Robert Freedman • Aug. 7, 2019 -
Amid rising corporate profits, workers demand more equitable compensation
Weekly wages have increased by about 2.6% each year between 2008 and 2018, the U.S. Bureau of Labor Statistics found.
By Jane Thier • Aug. 5, 2019 -
Opinion
As simple as it sounds, just identifying your leases is the highest hurdle to new FASB standards
CFOs of private companies don't have much time to comply with new lease accounting standards even if FASB extends the start date a year, as it has proposed.
By Marc Betesh • Aug. 2, 2019 -
SEC hits Brixmor CFO, former REIT execs with $7M fraud fine
Executives improperly manipulated same-property NOI reporting, subjecting their company to the SEC fine.
By Robert Freedman • Aug. 2, 2019 -
FASB to delay lease accounting rules until 2021
New lease accounting standards won't go into effect until 2021 for private companies in a FASB proposal that's expected to be adopted soon.
By Robert Freedman • Aug. 1, 2019 -
SmileDirectClub expected to file $1B IPO next month
The company, which provides molds that consumers can apply to their teeth at home, recently raised $400 million.
By Jane Thier • Aug. 1, 2019 -
What Facebook's $5B FTC settlement means for Zuckerberg, third parties and corporate structure
The social network essentially had its data privacy standards set by "their most click-happy friend," said Gustav Eyler, director at the Department of Justice.
By Samantha Schwartz • July 25, 2019
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