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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 · Here are five of the most common misconceptions about Chapter 11 bankruptcy: Bankruptcy means going out of business. Just because a business files for bankruptcy does not mean it is going out of business. While a Chapter 7 business bankruptcy filing involves liquidation, Chapter 11 allows a business to restructure its debts and remain in operation.
Corporate Finance News and Resources for CFOs
Nov 5, 2024 · 30% of CFOs are scaling back investments amid election uncertainty: Duke-Fed Q3 survey. While the majority of CFOs do not anticipate election-related uncertainty to hinder investment plans, a meaningful minority are preparing for a …
CFO Magazine Archive | CFO.com
Jan. 2016 Issue. 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.
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 Challenger, senior vice ...
Bed Bath & Beyond CFO Gustavo Arnal's Death Follows ...
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. Arnal, a veteran finance executive who held the role of CFO at BBB since May 2020, was among a number of defendants recently named in a class-action suit, alleging a “pump-and-dump” stock ...
The Big Four Continue to Dominate Auditing: Weekly Stat
Jun 29, 2022 · Among accelerated filers (public float of $75 million or more but less than $700 million), nearly 32% are audited by a firm other than Deloitte, EY, PwC, BDO, KPMG, or GT. The largest U.S. auditing firms also audit the most publicly held companies — EY audits 979 companies, and Deloitte audits 783. When counting market share by the total ...
WorldCom Whistle-blower Cynthia Cooper | CFO.com
Feb 1, 2008 · Not that that’s a goal she ever imagined or one she has embraced. But the odyssey that began when Cynthia Cooper, the then–vice president of internal audit at WorldCom, decided to investigate anomalies in the company’s accounting entries ended by inspiring critical — and heavily criticized — legislation: the U.S. Senate responded to ...
How Much Revenue Should Each Employee Generate? Metric of …
Oct 5, 2022 · Top performers, organizations falling within the 75th percentile, bring in $561,152 or more in revenue per employee each year. Bottom performers generate $171,131 per employee or less. According to the U.S. Bureau of Labor Statistics, a median full-time employee’s pay is $1,041 a week, or about $54,281 annually.
The Importance of Accounting Comparability | CFO.com
Jul 6, 2020 · There are other important considerations including (1) financial reporting transparency; (2) the strength of internal controls; and (3) auditor specialization. Nevertheless, the valuation benefits of accounting comparability are not unconditional. Simply mimicking peer firms’ observable accounting choices may not bring about the expected ...