4 CFO trends to watch in 2023
CFO Dive
JANUARY 6, 2023
Fed efforts to curb inflation, an imbalance in the demand and supply of workers and clarification of accounting standards are among the CFO trends this year.
FASB declines to tackle new credit risk transfer project
CFO Dive
JANUARY 16, 2025
accounting standard setter decided against adding a new project to its priority agenda that would have required banks to disclose more information about CRTs.
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How To Overcome Change Fatigue In Finance With Neuroscience-Backed Strategies
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Your Accounting Expertise Will Only Get You So Far: What Really Matters
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Updated Accounting Standards for In-Kind Donations (2022)
The Charity CFO
MAY 10, 2022
If your nonprofit uses donations of supplies, services, and even time to help fund your operations, you need to know about recent changes in accounting standards for in kind donations. Get this FREE guide to discover what you need to do to ensure you hire the right accountant, bookkeeper, or CFO the FIRST time.
Webinars
How To Overcome Change Fatigue In Finance With Neuroscience-Backed Strategies
From Curiosity to Competitive Edge: How Mid-Market CEOs Are Using AI to Scale Smarter
Protect What Matters: Rethinking Finance Ops In A Digital World
Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future
Your Accounting Expertise Will Only Get You So Far: What Really Matters
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.
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FASB drops four-year project changing goodwill accounting
CFO Dive
JUNE 16, 2022
accounting standard-setter shelved a proposal recasting how companies account for an estimated $3.6 trillion in goodwill on their balance sheets.
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FASB pursues agenda refresh
CFO Dive
JANUARY 6, 2025
Narrower projects could be in store for the accounting-standard setter as some stakeholders want more guidance on hot- button issues like crypto and goodwill.
IndusInd Bank’s ‘2.35% hit to net worth’ claim misleading; CFO, auditors failed in oversight, says Amarjit Chopra
CFO News
MARCH 18, 2025
Chopra said that treasury operations and foreign exchange liabilities should have been thoroughly reviewed otherwise where is the need of Accounting Standards, an area where the CFO, auditors did not pay attention and the crisis landed.
FASB revisits GAAP cleanup
CFO Dive
OCTOBER 3, 2023
The board may remove some "non-authoritative" definitions from the codification — effectively the bible of generally accepted accounting standards.
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FASB’s environmental credit rules recall crypto debate
CFO Dive
JUNE 13, 2024
Like crypto rules FASB recently finalized, the environmental credit accounting standards would provide specific guidance where GAAP is currently silent.
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FASB fine-tunes proposed expense disclosure rule
CFO Dive
MARCH 29, 2024
The proposed accounting standards update is one of several initiatives that have been a priority for FASB under the general theme of disaggregation.
FASB pushes crypto, tax rules over finish line
CFO Dive
DECEMBER 15, 2023
standard setter has issued nine new accounting standards updates so far this year, compared to six in all of 2022.
FASB sets clock for derivatives rules update
CFO Dive
APRIL 11, 2025
Existing accounting standards have led to “scope creep,” with derivative standards being applied too often, FASB Chair Richard Jones said.
FASB chooses single software accounting model
CFO Dive
APRIL 5, 2023
accounting standard setter is revisiting accounting for software costs. The new project marks the first time in decades that the U.S.
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FASB shifts to prioritize 'rapidly evolving' crypto assets
CFO Dive
MAY 12, 2022
The board is getting serious about improving accounting standards for digital assets even as a crypto market slump is hammering valuations.
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FASB mulls two new software accounting options
CFO Dive
JANUARY 19, 2023
The project to improve software accounting standards is a long time coming. At least one element of the current standards has remained largely unchanged since 1985.
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It’s time to prepare for FASB’s new compensation reporting rules
CFO Dive
DECEMBER 13, 2024
The new accounting standard will fundamentally change how businesses track and report compensation, especially with regards to bonuses and commissions, Mark Schopmeyer writes.
FASB issues lease standards update
CFO Dive
MARCH 27, 2023
The changes to lease accounting standards (Topic 842) provide narrowly targeted relief for some companies grappling with the guidance from 2016.
Deloitte China to pay $20M SEC penalty
CFO Dive
OCTOBER 1, 2022
exchanges comply with the country’s accounting standards. The penalty is the latest sign of regulators’ battle to ensure foreign companies on U.S.
FASB kicks off comment period on income-tax updates
CFO Dive
MARCH 15, 2023
While previous FASB efforts to update accounting standards for taxes have fizzled, Chair Richard Jones has said tweaks to the project’s scope have made it achievable.
FASB tees up loan loss fix
CFO Dive
JUNE 29, 2023
The FASB is poised to tweak existing accounting standards which originally sought to address calls for timelier loss reporting after the 2008 financial crisis.
SIFMA calls to slow CECL credit-losses project
CFO Dive
JULY 17, 2023
The current expected credit losses accounting standard was aimed at fostering timelier reporting of deteriorated assets. It’s been controversial.
FASB leaning toward making customer relationships part of goodwill, not separate intangible
CFO Dive
MARCH 14, 2022
Although the Financial Accounting Standards Board took no action on the matter at its early-March meeting, members signaled they’d like to stop counting a company’s customer relationships as an asset.
How to Comply with Accounting Standards for Nonprofits
The Charity CFO
JANUARY 19, 2023
Accounting standards for nonprofits are probably not the first thing you think about, but are crucial for your organization to succeed. Because of their unique structure and operational model, nonprofits must comply with various accounting standards that are, in many ways, different from for-profit organizations.
New accounting standard for insurance soon
CFO News
JULY 17, 2023
The ministry of corporate affairs (MCA) has received recommendations by the National Financial Reporting Authority (NFRA) on the Indian Accounting Standard (Ind AS) 117 for insurance contracts, he told ET."The The standards will soon be notified under the Companies (Indian Accounting Standards) Rules 2015," he added.
FASB’s draft rules could harm environmental credit markets, EDF says
CFO Dive
APRIL 29, 2025
The FASB is proposing specific accounting standards for carbon offsets and other climate-related credits and obligations, an area where GAAP is now effectively silent.
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NFRA reviews proposals for new accounting standards for insurance contracts
CFO News
APRIL 27, 2023
NFRA will share its recommendations with the ministry of corporate affairs, which will consider the Ind AS 117 and notify the standards under Companies (Indian Accounting Standards) Rules 2015. Once notified, Ind AS 117 will replace the current Ind AS 104, Insurance Contracts.
FASB weighs software capitalization threshold
CFO Dive
SEPTEMBER 20, 2023
For the first time in nearly 40 years the Financial Accounting Standards Board is working to update its guidance on software costs
Investors nudged FASB to crypto, carbon credits: report
CFO Dive
JUNE 30, 2022
accounting standard setter drew a three-fold jump in investor feedback after launching an initiative in 2020 to get more input on where it should focus its efforts.
SEC accepts FASB's 2022 reporting taxonomies
CFO Dive
MARCH 23, 2022
The 2022 reporting taxonomies include updates to accounting standards on credit losses and balance sheet offsets, among other things, the Financial Accounting Standards Board says.
FASB steps closer to LIBOR accounting relief extension
CFO Dive
APRIL 21, 2022
accounting standards setter will likely affirm the proposed two-year extension of LIBOR-related accounting relief unless it gets new feedback during the public comment period, according to a FASB spokesperson.
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India's path to global leadership in accounting standards: balancing global norms with local needs
CFO News
NOVEMBER 29, 2024
India stands poised to reshape its accounting standards, integrating global best practices with its unique needs. Sunil Kanoria, Co-Founder of Srei Group and former President of Assocham, explores this pivotal transformation.
Members’ Profile: Morgan Edevbie
CFO Talks
JANUARY 7, 2025
Members’ Profile: Morgan Edevbie In this edition of our CFO Spotlight series, we are featuring Morgan Edevbie. What key skills should a newly qualified accountant develop on their path to becoming a CFO? Take courses and certifications in evolving or emerging areas in information technology, strategy and accounting.
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Bridging the Gap: Finance and Development as Critical Partners in Nonprofit Success
The Charity CFO
JANUARY 15, 2025
Anderson added that finance teams need to be flexible and work within the rules to accommodate donor intentions, rather than rigidly adhering to accounting standards at the expense of donor relationships. About The Charity CFO We are an accounting partner that truly understands nonprofits. Get the free guide!
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FASB to require disclosure of loan modification cash flow impacts
CFO Dive
FEBRUARY 3, 2022
The Financial Accounting Standards Board also wants lenders to report on current-year gross write-offs by year of origination.
Members’ Profile: Henk Bothma
CFO Talks
JANUARY 22, 2025
Members’ Profile: Henk Bothma In this edition of our CFO Spotlight series, we are featuring Johannes Hendrik Bothma, fondly known as Henk. What key skills should a newly qualified accountant develop on their path to becoming a CFO? Know the different department’s / companys people and their abilities. Know yourself.
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Unpacking crypto and FASB's new priorities with Richard Jones
CFO Dive
JULY 18, 2022
The Financial Accounting Standards Board Chair Richard Jones discussed the organization’s agenda, a possible quick fix and the accounting topic that finally trended on social media.
Actuaries break down New Accounting Standards by IFRS17, Leading Insurers chime in
CFO News
FEBRUARY 20, 2025
IFRS 17, the global insurance accounting standard, took effect in 2023, with India aligning through Ind AS 117, issued in August 2024. Against this backdrop, ETBFSI spoke with Actuaries and CFOs to discuss the industry's perspective. Heres what they shared.
The Changing Role of CFOs in a Technology-Driven World
Bramasol
SEPTEMBER 29, 2023
Driven by sweeping changes such as digital transformation, globalization of markets, the subscription-based Digital Solutions Economy™ (DSE), carbon-accounting mandates, a rising emphasis on artificial intelligence, and other disruptive trends, the role of Chief Financial Officer (CFO) is undergoing radical transformation too.
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How a CFO Ensures Compliance in Financial Reporting
CFO Share
JUNE 27, 2024
How a CFO Ensures Compliance in Financial Reporting Reliable financial statements are crucial for business management, but ensuring compliance may feel like a luxury in the resource-constrained world of small business. How can a small business ensure compliance in reporting without overspending on accounting staff and audits?
Chinese Study highlights limitations on IAS 38, accounting for intangible assets
CFO Talks
OCTOBER 2, 2024
Chinese Study highlights limitations on IAS 38, accounting for intangible assets A recent study from China highlighted the limitations of IAS 38 —the International Accounting Standard that governs intangible assets—and its impact on innovation, particularly in high-tech industries. How CIBA and the CFO Club Can Assist CFOs 1.
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The Role of IFRS in Simplifying Cross-Border Financial Reporting
CFO Talks
FEBRUARY 25, 2025
Being IFRS-compliant means that a company follows a set of internationally recognised accounting rules when preparing its financial statements. These rules, set by the International Accounting Standards Board (IASB), are designed to make financial reports clear, comparable, and reliable.
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Why IAS 38 is Hindering South Africa’s Growth: A Call for Change
CFO Talks
SEPTEMBER 30, 2024
This is not just an accounting issue; it’s a symptom of a broader problem that threatens our ability to compete in the global economy. At the heart of this issue is IAS 38 , the international accounting standard for intangible assets, which may be doing more harm than good for South Africa’s economic ambitions.
Nonprofit Fraud: And What an Audit Won’t Catch
The Charity CFO
MARCH 20, 2025
Audits check whether your financial statements comply with accounting standards. About The Charity CFO We are an accounting partner that truly understands nonprofits. The post Nonprofit Fraud: And What an Audit Wont Catch appeared first on The Charity CFO. They review transactions, but they dont investigate them.
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The CFO's role in IPO preparations
Future CFO
NOVEMBER 5, 2023
Mayank Gupta , CFO at India-based digital automotive solutions provider CarDheko Group , talks on what role financial leaders play in making sure that the company is IPO-ready. Long-term revenue growth In the pursuit of long-term revenue and profit growth, the CFO takes on a central role.
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