Accounting & Tax

Growth Strategies

Admit It, Your Investments Are Stuck in Neutral

New research shows that companies that know how to shift critical resources where and when they’re needed share common traits. Rigor is the first one.

Massimo Garbuio, Tim Koller and Zane Williams
August 19, 2019
GAAP and IFRS

FASB Proposes Later Standards Deadlines for Private Companies

The Financial Accounting Standards Board says it wants to make a two-year stagger of implementation deadlines standard practice.
People

CFOs on the Move: Week Ending August 16

SME, DiamondRock Hospitality, United Natural Foods, Comcast Advertising, Superdry, Gulfport Energy, UPS, Standex International, Allegheny Technologies
Technology

Cisco Warns of Soft Growth Amid Trade Tensions

“We definitely saw significant impact on our business in China as it relates to what's going on with the trade war right now."
Applications

Verizon Selling Tumblr to WordPress Owner

The blogging site was inherited as part of Verizon’s 2017 acquisition of Yahoo, which bought Tumblr in 2013 for $1 billion.
Capital Markets

Libor’s Phase-Out: 3 Ways to Prepare

Derivatives and hedge accounting, intercompany loans, valuation models — all will be affected by the shift away from Libor.
M&A

Trinity Merger and Broadmark to Merge

The combined company will create a commercial mortgage REIT with an expected equity value of $1.5 billion.
Financial Performance

Macy’s Shares Fall 13% on Big Earnings Miss

Same-store sales improved in the second quarter but profit was hit by heavy markdowns to clear unsold merchandise.
Auditing

Fresh Evidence of Auditor Bias Emerges

Companies don't look good for penalizing honest auditors, while other auditors don't look good for rendering slanted opinions.
Cybersecurity

Are CFOs Naive on Cyber Insurance Value?

The insurance doesn't cover many of the losses finance chiefs think it does, research suggests.
Auditing

KPMG Withdraws Two Audits for CannTrust

The Canadian cannabis company is embroiled in a scandal over an unlicensed grow facility.
Disclosure

SEC Aims to Ease Disclosure Rules

The commission proposes a more principles-based, less-prescriptive approach to business description and risk factor disclosures.
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