Accounting

GE Chairman and CEO Larry Culp will be nonexecutive chairman of GE Healthcare’s board. Photo: Christopher Goodney/Bloomberg News…

Long before the Great Resignation was a thing, large accounting firms struggled with high turnover and regular raids on their ranks, often from their very own clients. Now firms must also cope with a decreasing number of college students interested in the profession. “We are seeing a decline in enrollment for students pursuing a degree in accounting. In the past year or two, that decline has been dramatic at some large universities that produced the most graduates, 50% in one year,” said Sharon Lassar, director of the…

Ernst & Young’s leaders fired the starting gun Thursday on a monthslong plan to split its consulting and auditing businesses, in a radical move that will generate windfalls for the firm’s partners and could upend the business model for accounting firms.“This is something that will change the industry,” Carmine Di Sibio, EY’s global chairman and chief executive, said in an interview. Rivals beg to differ. Deloitte, KPMG and PricewaterhouseCoopers have all said they plan to keep consulting…

Struggling home-goods retailer Bed Bath & Beyond Inc. on Tuesday named an interim executive to lead its finances, a move aimed at reassuring investors after the death of Chief Financial Officer Gustavo Arnal. Union, New Jersey-based Bed Bath & Beyond said Laura Crossen would take over on an acting basis, effective Sept. 5, following the death by suicide of Mr. Arnal on Friday. Ms. Crossen, who joined the company in 2001, was promoted in late June to the…

Shoppers exit a Bed Bath & Beyond store in New York.Michael Nagle | Bloomberg | Getty ImagesBed Bath & Beyond has tapped its chief accounting officer as interim CFO after its former executive died on Friday.Laura Crossen is interim chief financial officer as of Monday, the company said in a regulatory filing. She will continue as the company's principal accounting officer.The company's former CFO Gustavo Arnal fell to his death in New York City on Friday. The medical examiner later ruled the death a suicide.Shares…

LONDON—Incoming Starbucks Corp. SBUX -1.26% boss Laxman Narasimhan is returning to the U.S. after a three-year stint in Britain leading one of the world’s best-known consumer-product companies, Lysol maker Reckitt Benckiser Group RBGLY 1.42% PLC.When Mr. Narasimhan took over the Slough, England-based company in 2019, it was suffering from high turnover among senior executives, volatile…

Peloton’s sales have plunged and costs connected with its turnaround effort have surged. Photo: Bess Adler for The Wall Street Journal…

Image: Murrstock/Adobe Stock Gone are the days of the spreadsheet for keeping tabs on critical business finances. Now, software platforms are available to do the heavy lifting for you. Enterprise accounting software helps companies manage and track their financials, from accounts payable to payroll. However, these platforms don’t stop there. Enterprise accounting software includes the tools necessary for accounting automation, inventory management, compliance and so much more. There are many examples of…

Beef is getting cheaper, bringing some economic relief to U.S. consumers.Prices of beef, typically among the costliest grocery store purchases, are falling after more than a year of increases, as consumer demand softens for some cuts. Supplies are improving due to better staffing at meat plants, and supermarkets are offering more discounts on rib-eye, New York strip and other often-expensive products. For months, prices for food and consumer products have been rising across grocery aisles due to higher costs of…

Credit: Pixabay/CC0 Public Domain Often instead of making partner, women in public accounting firms appear to be sidelined into less prestigious, less powerful director positions, a study has found. …