CFOs

Finance chiefs should focus on three areas when building climate-reporting systems—collecting data, tracking regulation and coordinating with ESG raters. Finance chiefs should focus on three areas when building climate-reporting systems—collecting data, tracking regulation and coordinating with ESG raters. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is…

ShareListen(2 min) ShareListen(2 min) FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

While generative AI has yet to have an impact on corporate finance functions, it could soon be contributing to some investor relations, pricing and corporate strategy decisions, according to panelists at a Wall Street Journal CFO Network online event. While generative AI has yet to have an impact on corporate finance functions, it could soon be contributing…

For risk-averse accountants and chief financial officers, change can be hard. But artificial intelligence and other advanced technologies are coming, and financial officers who don’t adapt may find themselves left behind.   “Finance people tend to be inherently conservative. Managing risk is always going to be at the core of the finance role,” said Myles Corson, Global and Americas Strategy and Markets Leader for Financial Accounting Advisory Services at Ernst & Young. This is especially true when the technology is…

The comedown from the venture capital boom of 2021 has shaken up much of the startup world, but the dearth of capital has shown up sharply in one particular niche: fintech. CB Insights data indicates that after reaching a peak in 2021, funding to fintech startups across the world dropped a drastic 46% to $75.2 billion from $139.8 billion a year ago. Early 2023 data is still trickling in, but we’ve yet to hear from anyone that venture funding to fintech will rebound. Yes, Stripe’s $6.5 billion raise might skew tallies…

The Federal Reserve stands ready to accelerate interest-rate hikes to combat inflation, central bank Chair Jerome Powell said in congressional testimony the past two days. Some finance chiefs who are already pushing their companies to do more with less amid rising costs said they are closely monitoring the impact of what comes next.  Mr. Powell’s comments, delivered during semiannual hearings before Senate and House panels, open up the possibility that a larger half-point interest rate…

Retail finance chiefs are entering the busiest shopping season of the year with declining profit margins as their companies offer more discounts to compete for sales and clear out excess stock. Profit margins in the sector have shrunk in recent months due to a mix of high inflation, excess inventory and growing expectations from consumers for price reductions. Among retailers in the S&P 500 that reported financial results through Nov. 22, the average margin on earnings before interest and taxes declined to 10.7% in…

Companies are asking lawmakers to repeal a change in the tax code that requires businesses to spread their research-and-development costs over five years rather than deduct them immediately. In a letter dated Nov. 4, 178 chief financial officers, primarily from large U.S. companies, including Ford Motor Co. , Raytheon Technologies Corp. , Lockheed Martin Corp. and Boeing Co. , said the new rules create a competitive disadvantage for…

A pedestrian walks by a Bed Bath and Beyond store in San Francisco, California.Justin Sullivan | Getty ImagesShares of Bed Bath & Beyond were down in premarket trading Tuesday after the struggling retailer's chief financial officer died over the weekend.The stock was down more than 15% as investors weighed the company's leadership crisis after Gustavo Arnal's death. Arnal died Friday after falling from a building in downtown Manhattan, police said. The city's medical examiner's office later ruled the death a…

China has asked the Canadian government to release telecom company Huawei's chief financial officer Meng Wanzhou ahead of a court ruling on the Chinese executive's extradition to the US on Wednesday.Meng, 48, who is deputy chair of the Chinese company's board and daughter of its founder Ren Zhengfei, was detained in Vancouver in December 2018 on the US's charges of bank fraud.She is also accused of misleading investment bank HSBC Holdings of her company's dealings with the Iran government, which the US had sanctioned.…