Private firms, not-for-profits reckon with CECL
CFO Dive
MARCH 18, 2024
Many not-for-profits and private companies are just beginning to grapple with the new rules for current expected credit loss accounting.
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CFO Dive
MARCH 18, 2024
Many not-for-profits and private companies are just beginning to grapple with the new rules for current expected credit loss accounting.
CFO Dive
FEBRUARY 10, 2023
The Swiss bank is aiming to incentivize executives with long-term awards as it attempts to return to profitability. It reported its second consecutive annual net loss.
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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape
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CFO Talks
NOVEMBER 29, 2024
Elizabeth Burns, CFO of Gas du Cameroon (GDC), exemplifies this balance, demonstrating how strategic financial leadership can support environmental responsibility. Similarly, Pieter De Jager, CFO of Tanga Cement, pointed to the complexity of transitioning to renewable energy sources. Elizabeth, thank you so much for joining us.
Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape
Outsourcing Vs. In-House: The Ultimate Battle For Better Collections
Maximizing Profit and Productivity: The New Era of AI-Powered Accounting
The Silent Crisis: Why Finance Lags in Digital Transformation and How to Accelerate AI Adoption
The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience
CFO Talks
NOVEMBER 20, 2024
As the CFO, you need to bridge these worlds effectively. As a CFO, you’re not just preparing one financial report—you’re preparing two, and they need to align without creating confusion for your investors. Missing a deadline isn’t just embarrassing; it can lead to penalties, delisting threats, or a loss of investor confidence.
CFO Simplified
APRIL 17, 2022
As Iowa State University reminds us, “profitability is the primary goal of all business ventures.”. Business leadership is often responsible for measuring current, past, and future profitability. But what is profitability? This CFO Simplified client watched profitability slowly disappear—until they incurred a $125,000 loss.
CFO Dive
APRIL 13, 2023
The apparel rental service narrowed its losses in Q4, with revenue and active subscribers up from last year.
PYMNTS
SEPTEMBER 21, 2020
Lime wants to be the first micro-mobility company to be profitable for the full year as of 2021. Ellis said COVID-19 has “fundamentally changed the profitability model of our business.”. Ellis said everything is on the table because it’s all relevant to Lime’s future profitability picture and ultimate corporate destination.
CFO News Room
FEBRUARY 5, 2022
State-run gas transporter GAIL ’s net profit increased 121.1% crore on a standalone basis in the quarter ended December, as the natural gas marketing business — GAIL’s largest revenue earner — reported a before-tax profit of Rs 1,749.7 crore against a loss of Rs 73.7 GAIL revenue increased 65.9% y-o-y to Rs 26,427.4
Global Finance
JUNE 3, 2024
Ford Motor, one of the pillars of the US auto industry, has mined the electric vehicle subsector for its next CFO. John Lawler, Ford’s current CFO, who has been promoted to vice chair, will chaperone House in transitioning to the CFO role in 2025. The future CFO arrives as an outsider, but not altogether.
CFO Thought Leader
OCTOBER 29, 2024
The company operated two businesses: one generating about $30 million in EBITDA, while the other incurred annual losses of roughly $10 million. Gronen proposed a strategy to merge the two operations, consolidating efforts to increase profitability. Our AI tools help identify suspicious activities, reducing the risk of financial loss.
CFO Talks
NOVEMBER 25, 2024
As a CFO your influence extends beyond financial reports and budgets. It’s when you’re forced to weigh conflicting priorities—profit versus integrity, loyalty versus legality, or personal values versus organisational goals. The post Identifying and Overcoming Ethical Dilemmas in Business appeared first on CFO Club Africa.
CFO Share
JUNE 6, 2024
The Role of a CFO in Financial Risk Management Managing financial risks is crucial to ensuring long-term business success. This is where a Chief Financial Officer (CFO) becomes indispensable: disciplined, deliberative, and concrete. A deliberative CFO balances the entrepreneur by providing a more cautious and analytical perspective.
CFO Talks
FEBRUARY 27, 2025
It means making decisions based on what is right rather than what is easy or profitable in the short term. Businesses that engage in unethical practices may gain short-term profits, but they risk losing their reputation, which can take years to rebuild. Executives engaged in accounting fraud to hide losses and mislead investors.
The SaaS CFO
APRIL 5, 2022
I talk about the SaaS P&L (profit and loss statement) almost every week with SaaS founders, finance, and accounting teams. The post How to Structure Your SaaS P&L appeared first on The SaaS CFO. At this point, I’ve reviewed hundreds of SaaS P&Ls (also called an income statement).
CFO Plans
FEBRUARY 17, 2025
It’s imperative to track financial health indicators, such as cash flow statements, balance sheets, and profit and loss accounts. Learn how CFO Plans can help you monitor these vital signs. Explore sustainable growth solutions with CFO Plans. Get advanced growth management tools at CFO Plans.
CFO News
AUGUST 30, 2023
On August 3, Zomato reported a maiden consolidated net profit of Rs 2 crore for the quarter ended June 2023, as against a loss of Rs 186 crore a year ago. The profitable turn came on the back of higher order frequencies from its loyalty programme, Gold.
E78 Partners
NOVEMBER 18, 2024
Loss of Stakeholder Confidence: Investors and clients may become wary during leadership changes, which can cause fluctuations in stock prices or contract renewals. Operational Disruptions: Leadership changes can lead to shifts in priorities, potentially derailing key projects and impacting profitability.
The Finance Weekly
JANUARY 13, 2025
Return on Equity (ROE) is one of those go-to metrics that financial leaders and investors love to use when figuring out how well a company turns shareholders' equity into profits. At its core, ROE measures how efficiently a company uses its net assets (shareholders' equity) to generate profit. What Is Return on Equity (ROE)?
CFO News Room
NOVEMBER 5, 2022
in premarket trading despite reporting a smaller-than-expected quarterly loss and revenue that topped Wall Street forecasts. after reporting better-than-expected quarterly revenue, even though its loss was larger than analysts had anticipated. Cinemark (CNK) – The movie theater operator’s stock rallied 6.5% Warner Bros.
CFO Talks
FEBRUARY 11, 2025
For example, if a company makes a risky investment that results in major financial losses, the leadership must take responsibility. These reports provide a clear picture of revenue, expenses, profits, and potential risks. On the other hand, poor governance can lead to mismanagement, financial collapse, and loss of reputation.
CFO Talks
FEBRUARY 26, 2025
However, a poorly executed deal can cause financial losses, employee dissatisfaction, and even the downfall of a company. Discounted Cash Flow (DCF) Analysis DCF estimates the future profits of a business and calculates their present value. Poor integration can lead to employee turnover, customer loss, and operational disruptions.
CFO Talks
FEBRUARY 18, 2025
Invest money wisely to earn profits without taking unnecessary risks. Reduce risks that could lead to big financial losses. Increase profitability by managing cash and investments wisely. The post Winning the Financial Game with Strategic Treasury Management in Volatile Times appeared first on CFO Club Africa.
CFO Talks
FEBRUARY 6, 2025
Without good financial planning, even a profitable company can run into trouble. Getting insurance to cover unexpected losses. Deciding What to Do with Profits When a company makes money, it has to decide how to use its profits. Paying dividends Giving part of the profits to shareholders.
CFO Leadership
OCTOBER 10, 2022
Profitability increases by 22%. Loss Aversion The reason that giving people a few use-it-orlose-it dollars at the beginning of the month isso effective at changing behavior has to do with loss aversion psychology. The post The CFO Guide to Gratitude first appeared on CFO Leadership. About motivosity.
CFO News
AUGUST 1, 2023
The finance ministry informed the Parliament that profit or loss of a state-run company is not among the relevant criteria for its privatisation or disinvestment policy but it’s based on the economic principle that the government should discontinue in sectors where competitive markets have come of age.
CFO News
JUNE 25, 2024
Walmart CFO David Rainey said ecommerce company Flipkart and PhonePe are on the path to profitability. Flipkart’s losses in the ecommerce segment have been improving, he said at an investor conference.
Future CFO
DECEMBER 5, 2022
While it is common to find a chief finance officer (CFO) helming a large or multinational organisation, the costs associated with having one in-house can be a hurdle for smaller organisations. According to payscale , the average base salary of a CFO in Hong Kong is HK$1,351,820 per year. Hiring a CFO when money is the problem.
CFO News Room
NOVEMBER 4, 2022
Check out the companies making the biggest moves midday: Starbucks — The Seattle-based coffee company jumped nearly 9% after reporting quarterly profit and revenue that topped expectations. Block — Shares jumped 10% after the mobile payments company surpassed profit and sales expectations in its third-quarter results.
CFO News Room
NOVEMBER 3, 2022
after the company reported a smaller-than-expected quarterly loss as well as revenue that topped analyst forecasts. UBS highlighted Tal’s strong topline beat and improved profitability outlook. after Royal Caribbean reported third-quarter earnings that beat profit and sales forecasts. per share loss.
Michigan CFO
JULY 13, 2021
And in Q1 of 2017, investors were pleased the company reduced its quarterly loss to $708M from the Q4 2016 loss of $991M. From CNNtech: “To many readers, the loss is nothing short of staggering. Losses down, even though they keep investing heavily around the world.” The time to be profitable is ALWAYS.
CFO News Room
NOVEMBER 10, 2022
Nio (NIO) – The China-based electric car maker posted a wider-than-expected quarterly loss, but said it expected deliveries to nearly double in the current quarter from a year ago. in the premarket after it reported a wider-than-expected quarterly loss. Nio shares jumped 5.5% in premarket trading. Rivian (RIVN) – Rivian rallied 8.2%
CFO News Room
FEBRUARY 3, 2022
Diversified conglomerate ITC on Thursday reported a 12.69% year-on-year (y-o-y) rise in its standalone net profit to Rs 4,156.20 crore net profit for the third quarter last fiscal. crore, while operating profit from the segment increased by 14.42% y-o-y at Rs 3950.71 crore, while the segment posted an operating profit of Rs 50.56
CFO News Room
JANUARY 19, 2023
Alcoa’s adjusted fourth quarter loss was 70 cents per share, narrower than the 81 cent loss expected, according to StreetAccount. However, the company’s adjusted EBITDA — a profit metric that includes fewer expenses than net income — missed estimates. Alcoa — Shares of the aluminum company fell 4.6%
CFO Share
FEBRUARY 22, 2024
Throughout our years of providing CFO services we’ve seen three gross management errors cause the majority of business failures. Misunderstanding Gross Margins Poor accounting practices, particularly the misclassification of variable costs as operating expenses, can paint a misleading picture of a product’s profitability.
Future CFO
DECEMBER 7, 2022
You want to do this because, for example, if you are suffering business losses or you feel that your competitor is doing something different or there is some new technology that you must keep up with. The post PodChats for FutureCFO: Disrupting the disruptor – a CFO perspective appeared first on FutureCFO. William Foo.
CFO News Room
FEBRUARY 4, 2022
Technology shares are leading losses after Facebook parent Meta Platforms surprised investors with a bigger-than-expected profit drop. billion profit in the recent quarter. Eli Lilly reported quarterly profit and revenue that beat forecasts. Apple and Tesla were also down. ConocoPhillips reported a $2.6
CFO News Room
JANUARY 13, 2023
bank by assets rose more than 2% after the firm posted fourth-quarter profit and revenue that topped expectations. The New York-based bank said profit jumped 6% from the year earlier period to $11.01 The bank set aside $957 million for credit losses after reducing its provisions by $452 million a year ago. billion, or $3.57
CFO News Room
FEBRUARY 3, 2022
closed down more than 26% in Thursday trading—a $230 billion-plus loss in market capitalization—after Chief Financial Officer. which retreated more than 23% Thursday amid concerns over the impact Apple’s policy is having on the online ad market, cheered investors after the closing bell with its first-ever quarterly profit. AAPL -1.67%.
CFO News Room
DECEMBER 21, 2022
Rite Aid — Shares of Rite Aid dropped nearly 14% in midday trading after the pharmacy operator reported a quarterly loss, though a smaller-than-expected one, and lowered its full-year financial guidance citing seasonal markdowns among other issues. The company also beat earnings expectations, but profits fell from the same period last year.
CFO Thought Leader
JANUARY 16, 2024
CFO Emma Brown’s pivotal career theme is simplification. This approach, simplifying structures and focusing on essentials, transformed a $40 million loss into a $15 million profit. This approach, simplifying structures and focusing on essentials, transformed a $40 million loss into a $15 million profit.
CFO Simplified
SEPTEMBER 11, 2022
Today, we have Larry Chester , President of CFO Simplified, on camera to discuss cash basis vs. accrual basis accounting. Here, you’d have a huge amount of profit all at once. That net is how much of a profit or loss you had for that month. Read on to find out how fractional CFOs work with remote accounting teams.
CFO Simplified
MAY 1, 2022
Better yet, we have Larry Chester, President of CFO Simplified to explain things. What is the biggest profit that we have?”. Larry Chester of CFO Simplified describes a pivotal moment for one of his clients. “I An outsourced CFO, like those who work at CFO Simplified, can help get your financials on track.
CFO News Room
JANUARY 3, 2023
Marte said, adding that Chewy is working to grow profits and taking out costs. Its net profit was $2.3 million loss in the year-ago quarter. Its net profit margin rose from minus 1.5% to 2% of net sales on capital expenses, according to the CFO. . WSJ | CFO Journal. billion for the quarter ended Oct.
CFO News Room
NOVEMBER 7, 2022
Berkshire Hathaway — Shares of Warren Buffett’s conglomerate rose more than 1% after the company posted a 20% increase in operating profits during the third quarter. billion loss on its investments during the third quarter’s market turmoil, however. Berkshire also spent $1.05 billion in share repurchases during the quarter.
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