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CFO
Technology, Information and Media
Washington, District of Columbia 52,142 followers
News, analysis, and commentary for chief financial officers.
About us
CFO.com is the leading business-to-business media brand focused on the information needs of senior finance executives. CFO.com’s award-winning editorial content and loyal, influential audience, nurtured over 35 years, make it a valued resource for its readers as well as an effective marketing partner for a wide range of blue-chip companies. CFO has long-standing relationships with more than a half-million financial executives. CFO.com is owned by Industry Dive, an Informa business.
- Website
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http://www.cfo.com
External link for CFO
- Industry
- Technology, Information and Media
- Company size
- 2-10 employees
- Headquarters
- Washington, District of Columbia
- Type
- Public Company
- Founded
- 1985
- Specialties
- Industry conferences, Daily online news outlet, Industry ebooks and webcasts, Functional Training and Education, and Research
Locations
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Primary
1100 15th St NW
4th Floor - (Suite 178)
Washington, District of Columbia 20005, US
Employees at CFO
Updates
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Now, with the overturning of the “Chevron deference” doctrine, regulators no longer own a de facto default interpretation of their statutes. The lack of deference creates a challenge to the climate disclosure requirement’s enforceability and legality. “[The SEC is] trying to push certain behaviors as opposed to just regulating," former said former SEC General Counsel Robert Stebbins. "By requiring disclosures of certain things, you’re trying to push boards and companies to act in a certain way rather than just doing what they know and what they consider to be in the best interest of the shareholders. And they certainly know better than the regulators and the regulatory agency.” https://lnkd.in/e6y4U25a
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alan miller, CEO of Official League, COLLiDE Agency, INC, and owner of the Portland Pickles Baseball Team and Lake County Captains, shares his thoughts on the importance of strong financial leadership provided by his CFO Mike Zielinski. “What’s been helpful is Mike’s knowledge base, which is so much different than mine,” said Miller. “He always has a perspective that I am just inherently not going to see, such as understanding tax implications or different ways of doing things from a financial perspective that can benefit us. There’s always a more efficient way of doing things, and I think having someone who can understand all the information a company like ours is dealing with in a way that they can take action off of that data is valuable.” Read the full story here: https://lnkd.in/emydTtjX
A home run CFO-CEO pairing: Why good financial leadership drives brand building
cfo.com
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Estée Lauder promotes its controller to finance chief, Sony Pictures Entertainment appoints a 30-year company alum to CFO and FactSet’s former CFO to retake post. ◾ Akhil Shrivastava has been promoted to CFO of The Estée Lauder Companies Inc. ◾ Risant Health has named Bryce Bach their new CFO, effective next month ◾ Steffen P. has joined EnerVenue as finance chief ◾ Copeland has brought on Paul Lundstrom as CFO ◾ Helen Shan will once again take over the CFO role at FactSet Read this week's edition of CFOs On the Move here: https://lnkd.in/eFf5Sy5m
CFOs On the Move: Week ending July 26
cfo.com
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📰 Preferred Shares: CFO leadership in minor league baseball; business travel trends; beware of this SaaS accounting error This week's newsletter features a story on the CFO of the Portland Pickles Baseball Team and Lake County Captains, data from Deloitte on business travel trends, a Q&A with Cosmin Pitigoi of Flywire and more. Read this week's edition of Preferred Shares here:
CFO leadership in minor league baseball; business travel trends; beware of this SaaS accounting error
CFO on LinkedIn
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Lessons learned over 20 years at the iconic tech firm inform how Flywire’s new finance chief looks at growth, the CFO’s interface with data and talent development. David McCann: You’ve been a CFO for only about 100 days now. How’s it going so far? Did you feel well-prepared coming in? Cosmin Pitigoi: It’s been great so far. This combination of great business and great team is hard to find. And it touches on a personal passion that connects with international students and international business capabilities. I’ve moved around quite a bit. What I wanted to do, to be ready for that role, was to touch every part of the business while waiting for the right opportunity. I’ve seen the whole landscape of payments, cross-border [transactions], and the different components of how to grow a global business and scale it internally, from the perspective of each different unit and function. I have an opportunity to make a huge impact as we look to scale to the next larger size. Building a global payments network is something you can't do overnight. Read the full Q&A here: https://lnkd.in/d-aDkdRD
Longtime PayPal exec guides Flywire’s growth: CFO Cosmin Pitigoi
cfo.com
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Although lots of resources and hype have gone towards digital transformations, few have used the technology to overhaul finance yet, according to new data from McKinsey & Company. While the data doesn’t specifically say which functions CFOs are focusing on for digitization, it does break it down by portion of the finance function as a whole. Forty-one percent of CFOs have automated up to a quarter of their finance function, 24% have automated between 26% and 50% of their function and a third (33%) have automated between 51% and 75% of the function up to now. Read the full story here: https://lnkd.in/eDw_-GFr
Only 1% of CFOs have automated over three quarters of their financial processes: report
cfo.com
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Companies with substantial growth in software subscription spending might be facing a significant accounting problem that has been flying under the radar for years. Peter Madara, founder and principal of GAAPTUS, highlights the potential accounting problem with subscription-based software: Many companies often wrongly assume that all software-related subscription fees should be recorded as prepaid costs and amortized into OpEx. However, in some cases, GAAP requires subscription payments to be handled as settlement of vendor-provided financing for acquiring a software asset. In such cases: ◾ A financed “software asset” must be recorded based on the portion of the single subscription fee attributable to software licenses. ◾ A liability must be recorded for the obligation to make future payments related to the financed software asset. Read the full story here: https://lnkd.in/eY2z_EbX
Beware of this subscription software accounting error
cfo.com
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A study supported by the OpenAI founder tested the impact of $1,000 monthly payments to low-income people for free over three years. This week's edition of the Trial Balance includes a new study backed by the OpenAI's CEO on universal basic income, a preview on a two-part story on the relationship between the CFO and owner of the Portland Pickles Baseball Team and more. This week's important market events: ◾ Monday, July 22 -Chicago Fed National Activity Index, June ◾ Tuesday, July 23 -Richmond Fed Manufacturing Index, July -Existing home sales, June ◾ Wednesday, July 24 -New home sales, June ◾ Thursday, July 25 -GDP, Q2 -Initial jobless claims -Durable-goods orders, June -Advanced U.S. trade balance in goods, June -Advanced retail inventories, June -Advanced wholesale inventories, June ◾ Friday, July 26 -Personal income, June -Personal spending, June -PCE index, June -PCE, YoY -Core PCE index, June -Core PCE, YoY Read this week's edition of Trial Balance here: https://lnkd.in/eJEi4F3h
Sam Altman-backed project releases data on largest US basic income study: Trial Balance
cfo.com
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Finance leaders from DUDE Wipes, E.L.F. BEAUTY, Fireworks Over America, the Portland Pickles Baseball Team and more share how they are using AI within their finance teams. “The way I see it is that AI will take out people who aren’t good in the market, and it has created an initiative to figure out new ways in which people can add value,” said Jasmine DiLucci, JD, CPA, EA. “I hope that AI will one day be able to enhance my firm to the point where it’s easier to run, I can hire fewer employees with more output, that sort of thing.” Read the latest edition of the CFO Peer Audit with takes from Jeffrey Klimkowski, Mandy Fields, Mike Zielinski, alan miller, Nathan Carter and Jasmine DiLucci, JD, CPA, EA here: https://lnkd.in/e7UfqHTH
CFO Peer Audit: How is your progress on AI implementation and guidance?
cfo.com