In 2024, FASB to Nudge Forward Projects on Software, Compensation and Green Credits
Wall Street Journal » CFO Journal
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7M ago
The Financial Accounting Standards Board expects to finalize a rule on income-statement expenses and to propose rules on derivatives and government grants, says Chairman Rich Jones ..read more
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Finance Executives Hope Certainty Is Ahead on ESG Disclosures
Wall Street Journal » CFO Journal
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7M ago
New environmental, social and corporate-governance disclosure rules can be “mind-blowing,” leaving finance executives to determine reporting requirements even as the list of unknowns grows ..read more
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Snowflake Is on an R&D Spending Tear to Nab Generative AI Clients
Wall Street Journal » CFO Journal
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7M ago
The cloud data company wants customers to test and refine AI models on its platform, CFO says ..read more
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Accounting Firms Overhired. Now Some Are Starting to Lay Off Partners.
Wall Street Journal » CFO Journal
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7M ago
Higher interest rates and weaker economic conditions lessened demand for certain professional services ..read more
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FASB Won’t Consider Changes in Securities Accounting After Bank Failures
Wall Street Journal » CFO Journal
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7M ago
The Financial Accounting Standards Board declined to consider any changes to how companies account for held-to-maturity securities, a debate revived in the wake of the failures this spring of banks with significant related unrealized losses ..read more
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SEC’s Chief Accountant on What Worries Him
Wall Street Journal » CFO Journal
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7M ago
Paul Munter talks about the assessment of risks by auditors, firm culture and the importance of cash-flow statements ..read more
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OpenAI’s Unusual Board: Should It Change Its Structure to Govern Effectively?
Wall Street Journal » CFO Journal
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7M ago
The unique governance arrangement, with a nonprofit overseeing a for-profit arm, raises questions about the job of the board ..read more
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EY Is Laying Off U.S. Partners Amid Tough Economic Conditions
Wall Street Journal » CFO Journal
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7M ago
The Big Four accounting firm previously cut 3,000 U.S. workers in April, similar to moves at other professional-services firms ..read more
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GM Moves Forward After Strike, Focusing on Cost Cuts and EVs
Wall Street Journal » CFO Journal
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7M ago
The automaker aims to offset $1.5 billion next year, while grappling with challenges in its electric vehicle and driverless-car businesses ..read more
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EY and PwC Diverge in Choice of Global Head
Wall Street Journal » CFO Journal
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8M ago
Two of the world’s largest accounting firms picked global chairs with starkly different backgrounds but tailored to the specific problems they are facing, from governance issues to slowing revenue growth ..read more
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