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to lead its finances as the tool maker works on substantial cost cuts. based company on Monday said Patrick Hallinan will become CFO, effective April 6. Fortune Brands, meanwhile, named David Barry as its finance chief, effective March 2. Mr. Hallinan will remain CFO at Fortune Brands until March 2. The New Britain, Conn.-based
CFOs are struggling to hire people with the right balance of quantitative and strategic skills in today’s increasingly tech-centric corporate environment. He’s a practicing CPA who was named CFO of JA Worldwide, a global nonprofit youth organization, about a year ago. His wife is also a CFO and a CPA.
When it comes to AI in corporatefinance, there are five top use cases for FP&A leaders to consider, said Gartner recently. According to Gartner, its analysts examined 23 uses cases related to AI in corporatefinance that represents the types of processes a future-looking autonomous finance organisation will work on.
While the number of mistakes has declined every year since 2006, during the first six months of 2018, 65 companies found accounting mistakes that required them to restate and refile entire financial filings, compared with 60 companies for the same period last year. tax law and revenue accounting rules.
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