Financial News and Analysis | CFO Dive
CFO Dive provides in-depth journalism and insight into the most impactful news and trends shaping the finance industry.
Improper revenue recognition tops SEC fraud cases | CFO Dive
Aug 20, 2020 · The attorney's pointed to a number of SEC cases involving fictitious revenue, including one in which wire and cable products company Anicom was charged with reporting nonexistent sales to inflate net income by more than $20 million, much of that to one fictitious customer, SCL Integration.. Channel stuffing
Costco CFO targets lower prices amid ‘effectively flat’ inflation
Sep 27, 2024 · Dive Brief: Costco Wholesale CFO Gary Millerchip said Thursday that the company’s “goal is always to be the first to lower prices” where it sees opportunity to do so, noting on the retailer’s fiscal fourth quarter earnings call that it dropped its prices on several of its store brand items during the 16-week period ended Sept. 1.
OpenAI’s $6.6B raise puts it at the tech’s vanguard. Will it be …
Oct 10, 2024 · The funding wheel keeps turning To be sure, the spotlight on GenAI has yet to dim significantly. Apart from the $6.6 billion OpenAI just pocketed, funding for AI startups reached $19 billion in the third quarter, representing 28% of all venture dollars, according to Crunchbase data.Meanwhile, the number of U.S. companies willing to invest $10 million or more in GenAI is set to double in 2025 ...
KPMG backs 120-credit hour alternative CPA licensure option
Oct 9, 2024 · Dive Insight: KPMG’s full-throated support for alternative paths to CPA licensure comes roughly a month after t he American Institute of CPAs shifted to officially move ahead with adding more paths and flexibility to licensure in order to tackle the accounting talent shortage.. The accounting association had previously raised objections to cutting the hourly credit requirement, citing ...
Most CEOs expect full return-to-office in 3 years: KPMG
Sep 20, 2024 · Dive Brief: A majority (83%) of CEOs surveyed globally predict that companies will shift to require a “full” return of employees to in-office work in the next three years, an increase from 64% the prior year, KPMG said, reporting on the findings of a survey of 1,300 chief executives conducted in July and August.; The report also revealed a generational divide in the executives’ sentiment ...
Whitepapers, webinars, and videos | CFO Dive
Whitepapers, webinars, videos, PDF downloads and other resources about the finance industry.
Auditors say accountant shortage ramps up work pressure: CAQ
Dec 6, 2023 · Dive Insight: Accelerating a six-year shrinking of the talent pool, the number of students who graduated at the end of the 2021-2022 academic year with an accounting degree in the U.S. plunged 7.4% compared with the prior period, according to a survey by the American Institute of Certified Public Accountants.. Fewer than 1% of small- and medium-size CPA firms can find enough qualified U.S ...
Financial Leadership News - CFO Dive
Nov 7, 2024 · Southwest details board travel perks as ex-Chevron CFO joins new director slate The airline's board compensation package includes free travel on Southwest for each non-employee director, their spouse and children and 50 “unrestricted” one-way flight passes annually.
Deep Dive | CFO Dive
Jul 26, 2024 · Real-time lessons for FedNow from Brazil, India The fledgling U.S. instant payments system can learn from real-time systems that have flourished in Brazil and India using QR codes and broad missions, say industry professionals.