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CFO.com provides essential analysis and expert advice for Chief Financial Officers to tackle organizational challenges, manage major risks, drive organizational value, and maximize their personal career potential.
5 Common Misconceptions About the Chapter 11 Bankruptcy …
Jul 8, 2020 · It has been years since businesses filed for Chapter 11 bankruptcy protection at the pace they are today. According to data from Epiq Systems, commercial Chapter 11 filings were up 48% in May compared with one year ago, with a total of 724 new petitions.
Bed Bath & Beyond CFO Gustavo Arnal’s Death Follows Stock …
Sep 5, 2022 · Gustavo Arnal, CFO of Bed Bath & Beyond (BBB), reportedly jumped to his death on Friday, September 2, from a New York City skyscraper where he lived.
The Importance of 13-Week Cash Flow Forecasts | CFO.com
Sep 12, 2023 · The phrase “cash is king” is an unassailable corporate credo that has stood the test of time, but many companies lack the visibility, flexibility, or tools necessary to accurately forecast their planned cash balances with precision.
U.S. Employers Announced 22% Fewer Job Cuts in October
Nov 3, 2023 · U.S. businesses announced 36,836 job cuts in October, a 22% decline from the prior month and the second-lowest monthly this year, according to data from Challenger, Gray & Christmas released Thursday. “Job cut plans have slowed significantly since the first half of the year, and consumers have continued to spend, even in the face of high inflation,” said Andy …
Audit Fees Rose Nearly 5% in 2022: Weekly Stat | CFO.com
Nov 15, 2023 · The Public Company Accounting Oversight Board’s more aggressive oversight of auditors has caused firms to “ invest time accordingly to ensure they deliver high-quality audits,” said FERF. And the burden on auditors and preparers is likely to increase, said FERF. “T he next few years portend to be particularly transformative for financial reporting with the recent …
A modern approach to cash flow management | CFO.com
Oct 8, 2024 · This challenge will intensify as the workforce evolves, with a new generation of finance leaders stepping in. FEI reports that 64% of millennial finance professionals prefer specialized financial software over traditional spreadsheets for tasks like budgeting, forecasting, and analytics. The real challenge isn't just the limitations of spreadsheets — it's about …
20 Large Companies Filed for Chapter 11 Bankruptcy in First Half …
Sep 7, 2022 · “U.S. government stimulus programs, low borrowing rates, and high debt forbearance helped disrupt predictions of continued growth in the number of bankruptcy filings,” said Nick Yavorsky, a report co-author and Cornerstone Research principal. "Mega" Chapter 11s (over $1 billion in assets) were also scarce in the first half, with only four filed, below the 2005 …
10 Vital Roles for CFOs | CFO.com
Feb 24, 2021 · CFO.com provides essential analysis and expert advice for Chief Financial Officers to tackle organizational challenges, manage major risks, drive organizational value, and maximize their personal career potential.
Santander Consumer USA CFO: ‘Data is key to our business’
Jun 25, 2024 · He recently was tapped for an additional role: head of finance (a title functionally equivalent to CFO) for another division, Santander Consumer & Business Banking (CBB), the deposit-gathering arm for Boston-based Santander Bank N.A.