Corporate Finance Brief

As Zillow alum takes the financial helm, Varo Bank sets sights on profitability

CFO Dive

APRIL 8, 2024

Varo’s Allen Parker is focused on “ensuring finance can play a role in how we prioritize our investments” which will be critical to achieving profitability, he said.

Prioritization

Prioritization Banking Finance Investments

Companies fall short on curbing cybersecurity risks from vendors: Moody’s

CFO Dive

APRIL 8, 2024

Cyberrisks are mounting, with artificial intelligence likely to increase the threat of attack in the short to medium term, Moody’s said.

6 tips to tackle unpaid invoices as average DSO rises to 59 days

CFO Dive

APRIL 8, 2024

Monitoring and keeping DSO in check is key to preventing cash flow difficulties, Allianz Trade’s Ano Kuhanathan says.

Invoicing

Webinars

Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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FASB to borrow from international rules for government grants

CFO Dive

APRIL 5, 2024

Many businesses and financial report preparers already rely on the IAS government grant accounting rules because GAAP is silent on the subject.

GAAP

GAAP Financial Reporting Accounting

Deploying AI in accounting poses 12 audit risks: CAQ study

CFO Dive

APRIL 5, 2024

CFOs see the value of generative artificial intelligence but may not fully grasp its audit risks, according to the Center for Audit Quality.

Auditing

Auditing Accounting

Marqeta CFO touts EWA expansion

CFO Dive

MARCH 21, 2024

The card-issuing fintech has seen adoption of its debit card-linked EWA product increase as hourly workers at Walmart and Uber have been added, CFO Mike Milotich said.

CFO

Companies plan 4.5% pay raises this year, outpacing inflation: Payscale

CFO Dive

MARCH 21, 2024

As price pressures fall, pay increases will help employees recover from the highest inflation in four decades, Payscale said.

Planning

FASB backs off bigger software accounting revamp

CFO Dive

MARCH 21, 2024

It's been decades since the Financial Accounting Standards Board has made any major changes to GAAP accounting rules for software.

Accounting

Accounting GAAP Accounting Standards

Ex-Zillow, Amazon alum takes Varo CFO seat

CFO Dive

MARCH 20, 2024

The fintech will tap the Zillow and GE veteran’s financial acumen as it looks to return its path to profitability following a rocky 2023.

CFO

Boeing to spend $4B plus to fix safety, supply chain woes: CFO

CFO Dive

MARCH 20, 2024

The aerospace company’s finance chief on Wednesday detailed some of the financial implications of the safety issues that have have recently plagued the company.

CFO

CFO Finance

Fed forecasts three, quarter-point rate cuts in 2024, holds main rate steady

CFO Dive

MARCH 20, 2024

Central bank officials upgraded their projection for 2024 growth to 2.1% while predicting unemployment will end the year at 4%.

Forecasting

Forecasting Banking

Federal appeals court pauses SEC climate rule implementation

CFO Dive

MARCH 19, 2024

The climate disclosure regulation is now on pause pending a review from the U.S. Fifth Circuit of Appeals, as the first of multiple challenges yields action.

Pitney Bowes CFO exit brings more C-suite churn

CFO Dive

MARCH 19, 2024

Finance chief Ana Maria Chadwick is leaving Pitney Bowes roughly five months after then CEO Marc Lautenbach stepped down.

CFO

CFO Finance

Cube taps Workday alum to drive tech, finance synergy with new $20M funding

CFO Dive

MARCH 19, 2024

Workday alum Suresh Bala will keep his eye on the goals of the CFO as he taps the new funding to elevate Cube’s FP&A offerings, he said.

Finance

Finance CFO

CFOs play it safe on AI spending

CFO Dive

MARCH 19, 2024

Close to two-thirds (62%) of CFOs responding to a Deloitte poll anticipated an allocation of less than 1% of their organization’s budget for GenAI next year.

Budgeting

Tech Q1 job cuts surge above 50K

CFO Dive

MARCH 19, 2024

The latest figures show that layoff activity in the tech sector may be far from over despite a huge drop after the first quarter of last year.

Legal woes continue for OpenAI as Elon Musk sues over contract breach

CFO Dive

MARCH 1, 2024

OpenAI eschewed its nonprofit status to become a de facto Microsoft subsidiary, the Tesla CEO alleged in a Thursday filing before the Superior Court of California.

Nonprofit

Tech startup Slice raises $7M for equity compensation platform

CFO Dive

MARCH 5, 2024

The funding will help the startup to further develop the platform while expanding its geographic reach, according to CEO Maor Levran.

Startups

Legacy tech stymies cost-cutting innovations

CFO Dive

MARCH 5, 2024

Most companies fell short of their cost-reduction targets last year, with half citing challenges related to legacy tech as the top barrier, Deloitte found.

93% of firms use a mix of ESG standards, thwarting uniformity efforts: IFAC

CFO Dive

MARCH 4, 2024

The spotlight on confusion from a jumble of ESG frameworks comes just days before a vote on an SEC rule aimed at ensuring uniformity in climate disclosure.

FASB advances gross-up fix for CECL

CFO Dive

MARCH 4, 2024

In 2016 FASB sought to curb delays in recognizing deteriorated assets through its current expected credit losses standard that it is now revisiting.

Want a remote accounting or finance gig? It could be your lucky year.

CFO Dive

FEBRUARY 14, 2024

The accounting and finance job category rose to take second place in FlexJobs’ 2024 ranking of the strongest fields for work-from-home roles.

Accounting

Accounting Finance

Lyft shares rise 35% after earnings report typo sparks confusion

CFO Dive

FEBRUARY 14, 2024

An “extra zero” added to a press release sent Lyft stock soaring. It subsided after clarification of the number but still closed at a 52-week high.

Numbers

Krispy Kreme faces double-digit inflation in some costs: CFO

CFO Dive

FEBRUARY 14, 2024

The company is grappling with soaring sugar prices as the fight to keep inflation on a downward path remains an ongoing challenge for the Federal Reserve.

CFO

IRS sues FDIC to get $1.45B in SVB back taxes

CFO Dive

FEBRUARY 14, 2024

The amount covers corporate income and employment taxes due between 2020 and 2023, but is an estimate because a review of the tax returns is ongoing, the IRS said. The FDIC has denied SVB’s entire tax claim.

Bass Pro, Patagonia vet takes Meati Foods CFO seat

CFO Dive

FEBRUARY 5, 2024

Founded in 2017, the company said its new finance chief will oversee capital expenditures needed to drive its continued expansion.

CFO

CFO Finance

Fed pivots to considering when to cut main interest rate: Powell

CFO Dive

FEBRUARY 5, 2024

Inflation will likely cool during the first six months of 2024, Federal Reserve Chair Jerome Powell said, adding that the central bank is unlikely to reduce borrowing costs in March.

Banking

Solo Brands appoints Vitamin Shoppe exec as new CFO

CFO Dive

FEBRUARY 5, 2024

The leadership swap comes after Solo replaced its CEO and lowered its revenue guidance for 2023 following disappointing sales.

Leadership

Leadership CFO Sales

Archer Daniels Midland investor sues firm, CEO, CFO, ex-CFO

CFO Dive

JANUARY 26, 2024

The proposed class action alleges ADM and top executives concealed the true financial picture of the agricultural giant’s nutrition business.

CFO

Superdry CFO to depart as UK retailer warns of rough market conditions

CFO Dive

JANUARY 26, 2024

The departure marks the fourth finance chief to leave the troubled retailer in a half-decade.

Retail

Retail Marketing CFO Finance

Modern finance team makeovers: Controllers

CFO Dive

JANUARY 17, 2024

As finance departments undergo seismic tech-driven changes, controllers are poised to play a crucial role as the CFOs’ right hand.

Finance

Disney rejects ex-CFO Rasulo, Peltz as board nominees

CFO Dive

JANUARY 17, 2024

Disney’s board resisted pressure for a shakeup, nominating a slate of 12 nominees comprised mostly of existing directors.

CFO

FedEx CEO eyes Red Sea crisis, rising ocean rates

CFO Dive

JANUARY 17, 2024

With ocean shipping rates spiking amid attacks by Houthi rebels, FedEx says it’s closely watching the situation.

Retail sales exceed forecasts, highlighting steady consumer-fueled growth

CFO Dive

JANUARY 17, 2024

Robust retail sales defy predictions that trends such as declining savings and a cooling labor market will inhibit consumer spending.

Sales

Sales Forecasting Retail Marketing

United Airlines aims to expand Denver facilities; skirts rumors of potential HQ move

CFO Dive

JANUARY 8, 2024

United’s bid to establish a new flight simulator building in Denver follows a $33 million purchase of property in the city which sparked rumors of a potential shift in the airline’s base of operations.

Scholastic alum takes CFO seat after Amazon stint

CFO Dive

JANUARY 8, 2024

Haji Glover rejoins the publisher of “Harry Potter” and other best-selling children’s titles as the market has been buffeted by rising school book bans.

CFO

CFO Marketing

New CVS drug pricing formula won’t drive up costs, CFO says

CFO Dive

JANUARY 8, 2024

Tying the prices it charges for medicines to those charged by pharmaceutical companies will put the healthcare giant’s pharmacy business on a more sustainable footing, executives said.

Pharmaceutical

Pharmaceutical Healthcare CFO

5 ways CFOs can optimize the employee experience with commercial cards

CFO Dive

JANUARY 8, 2024

Employees are an organization’s most valuable asset, making their satisfaction and retention paramount for CFOs.

FASB at 50: Under the gun to modernize GAAP

CFO Dive

DECEMBER 20, 2023

With its anniversary year drawing to a close, there are signs FASB is stepping up the pace of its standards setting. Some finance executives are wary.

GAAP

GAAP Finance

Fifth Third shakes up executive suite

CFO Dive

DECEMBER 20, 2023

The Cincinnati lender is getting a new COO, CFO and treasurer, all from the inside.

CFO

Marshaling the right GenAI data strategy: EY

CFO Dive

DECEMBER 20, 2023

To drive effective financial transformation with AI, organizations need to ensure the “fuel” for the technology is there, EY experts say.

Technology

Spotify, Lucid CFO exits signal broader ‘changing of the guards’

CFO Dive

DECEMBER 12, 2023

Some year-end C-suite job churn is normal. But this year executive recruiters say they’re seeing more than usual.

CFO

NY AG disputes Trump expert’s GAAP analysis

CFO Dive

DECEMBER 12, 2023

Attorneys for both the NY AG’s office and the former president zeroed in on particular provisions of GAAP as the $250 million civil fraud trial winds down.

GAAP

Core inflation edges up, spotlighting Fed’s bumpy path to stable prices

CFO Dive

DECEMBER 12, 2023

Traders in interest rate futures shook off the core CPI data, predicting that the Fed will leave the main interest rate unchanged on Wednesday after a two-day meeting.

CFO Dive

As Zillow alum takes the financial helm, Varo Bank sets sights on profitability

Companies fall short on curbing cybersecurity risks from vendors: Moody’s

Webinars

Trending Sources

6 tips to tackle unpaid invoices as average DSO rises to 59 days

Webinars

FASB to borrow from international rules for government grants

Deploying AI in accounting poses 12 audit risks: CAQ study

Marqeta CFO touts EWA expansion

Companies plan 4.5% pay raises this year, outpacing inflation: Payscale

FASB backs off bigger software accounting revamp

Ex-Zillow, Amazon alum takes Varo CFO seat

Boeing to spend $4B plus to fix safety, supply chain woes: CFO

Fed forecasts three, quarter-point rate cuts in 2024, holds main rate steady

Federal appeals court pauses SEC climate rule implementation

Pitney Bowes CFO exit brings more C-suite churn

Cube taps Workday alum to drive tech, finance synergy with new $20M funding

CFOs play it safe on AI spending

Tech Q1 job cuts surge above 50K

Legal woes continue for OpenAI as Elon Musk sues over contract breach

Tech startup Slice raises $7M for equity compensation platform

Legacy tech stymies cost-cutting innovations

93% of firms use a mix of ESG standards, thwarting uniformity efforts: IFAC

FASB advances gross-up fix for CECL

Want a remote accounting or finance gig? It could be your lucky year.

Lyft shares rise 35% after earnings report typo sparks confusion

Krispy Kreme faces double-digit inflation in some costs: CFO

IRS sues FDIC to get $1.45B in SVB back taxes

Bass Pro, Patagonia vet takes Meati Foods CFO seat

Fed pivots to considering when to cut main interest rate: Powell

Solo Brands appoints Vitamin Shoppe exec as new CFO

Archer Daniels Midland investor sues firm, CEO, CFO, ex-CFO

Superdry CFO to depart as UK retailer warns of rough market conditions

Modern finance team makeovers: Controllers

Disney rejects ex-CFO Rasulo, Peltz as board nominees

FedEx CEO eyes Red Sea crisis, rising ocean rates

Retail sales exceed forecasts, highlighting steady consumer-fueled growth

United Airlines aims to expand Denver facilities; skirts rumors of potential HQ move

Scholastic alum takes CFO seat after Amazon stint

New CVS drug pricing formula won’t drive up costs, CFO says

5 ways CFOs can optimize the employee experience with commercial cards

FASB at 50: Under the gun to modernize GAAP

Fifth Third shakes up executive suite

Marshaling the right GenAI data strategy: EY

Spotify, Lucid CFO exits signal broader ‘changing of the guards’

NY AG disputes Trump expert’s GAAP analysis

Core inflation edges up, spotlighting Fed’s bumpy path to stable prices

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