| Picture it now—the “future” (read: early 2000s) as speculated in the 1950s: You’d take your flying car to work, scarf down some freeze-dried food, and return to your fully automated smart home, which absolutely had to include a robotic dog, for some reason. It’s the future that wasn’t. And that same brand of overeager speculation could apply to a much less flashy event: The end of quarterly reporting, which almost certainly wouldn’t involve jetpacks or robot dogs. But when the Wall Street Journal first broke news in March of the Securities and Exchange Commission’s plans to draft a proposal eliminating public companies’ longstanding quarterly reporting requirement and offering a semiannual reporting option, you’d be forgiven for assuming a seismic shift was afoot in corporate America, given the attendant hoopla. Was the sky falling? Now that the dust has settled, a more interesting future is emerging: Experts have argued the SEC’s potential proposal may not actually disrupt business as usual as much as first anticipated. But CFOs may nevertheless have to make a case for one reporting cadence over the other, and that could lead to deeper questions. Keep reading.—NP |