FEISV Chapter Newsletter | July 17, 2026
Latest Trends in FEI
The next Financial Officers Forum (FOF) is one week from today. As a quarterly event (and only the second one this year), FOF is a limited opportunity that comes around just a few times annually for FEI Silicon Valley members.
This confidential virtual Affinity Group brings together financial executives navigating today’s most important business challenges, trends, and decisions.
For those providing consulting services, the value is especially abundant. This Vistage-style event creates space for in-depth conversations with professionals you may not connect with regularly. These discussions move beyond surface-level updates and focus on strategy, challenges, emerging risks, and opportunities across industries.
Attendees are experienced leaders with direct, practical insight. Building relationships in this setting supports stronger partnerships, sharper perspectives, and a clearer understanding of current business needs.
Make sure you are part of the Financial Officers Forum next Friday!
Financial Officers Forum (FOF) will be held virtually on Friday, July 24th, from 12:00 pm - 1:15 pm Pacific.
FEISV Members & Partners, Other FEI Members, and Non-Members: Free | Registration: Here
Back to top
Make a Difference in the Finance Community's Future
The Annual Scholarship Golf Tournament supports an incredible cause with the FEI Scholarship Fund, but our commitment to developing the future of finance extends far beyond a single day.
Each year, we award 6–8 scholarships to finance and accounting students across four Bay Area colleges. To date, more than $774,000 has been awarded to students in their junior and senior years. These recipients are selected not only for academic excellence but also for leadership demonstrated through extracurricular involvement and a clear vision for their careers.
Our support does not stop at financial assistance. Scholarship winners and finalists are welcomed as FEI Rising Star Members, gaining access to ongoing mentorship and meaningful interaction with senior financial executives. This continued engagement helps bridge the gap between education and real-world leadership, shaping the next generation of finance professionals.
While the golf tournament is a cornerstone of this effort, sustaining and growing this impact requires year-round support. Expanding opportunities for these students depends on the strength of our community.
There are two ways to contribute:
- Donate with a charitable receipt: The FEI Scholarship Fund 1388 is managed by the Silicon Valley Community Foundation, a 501(c)(3) organization. Donations can be made through their PayPal platform, and the full amount goes directly to the scholarship fund.
- Donate without a charitable receipt: Companies that prefer to contribute through a business expense can support FEI Silicon Valley’s general fund, which directly benefits student scholarships.
Your support helps ensure that high-potential students receive not only financial assistance, but also the guidance, access, and professional foundation they need to succeed.
Back to top
Prepare for disaggregation of income statement expenses (DISE)
The effective date for the disaggregation of income statement expenses (DISE) standard is approaching. Are you ready?
The DISE standard will require public companies to disclose more detailed expense information on an annual and interim basis. Companies will have to disaggregate functional expense line items (e.g., cost of sales; selling, general and administrative; research and development) within continuing operations into DISE tables in the footnotes.
The DISE tables will break out how much of each functional expense line item is comprised of natural expenses.
1. Purchases of inventory
2. Employee compensation
3. Depreciation
4. Intangible asset amortization
5. Depreciation, depletion, and amortization (DD&A) or other depletion expense
The DISE tables will also include other specified expenses, gains, and losses as applicable. Additionally, DISE will require that companies define “selling expenses” and disclose that definition annually.
Learn more. Read Prepare for DISE via FEI Daily.
Back to top
From Job Fear to Competitive Edge: How One CFO Is Leading with AI
AI is reshaping the finance function faster than most financial leaders expected. In a recent episode of the FEI Podcast, recorded at the FEI + MFM 2026 Financial Leaders Forum in San Antonio, Kevina Purmanund, CFO of the 1826 Group, joined host Heather Cole to share how she moved from fearing AI would replace her job to using it as a competitive advantage for herself and her entire team.
During the discussion, Kevina revealed that the clearest return on investment has come from a revenue-per-head analysis that required reconciling cross-billing across the 1826 Group's multiple entities.
Producing that report manually used to take more than a week. After several rounds of refining the underlying workflow, the same analysis now takes about 30 minutes. She put the tool to the test by having a member of her accounting team replicate the analysis by hand, then comparing results. The AI was right, and the manual version contained an error.
Learn more. Read From Job Fear to Competitive Edge: How One CFO Is Leading with AI via FEI Daily.
Back to top
California Software Tax Changes: What Businesses Should Know Before 2027
California Governor Gavin Newsom signed the state’s 2026-27 budget package, including S.B. 122, Chapter 23, which expands the state’s sales and use tax treatment of digital products (defined in S.B. 122 as prewritten computer software transferred on tangible storage media, transferred electronically, or accessed remotely).
The enacted language reaches Software-as-a-Service (SaaS) and cloud-based software access because it covers remotely accessed prewritten computer software and provides that the relevant exemption does not apply to the right to use provider software running on cloud infrastructure or to access that software through a web browser or program interface.
The new rules become effective January 1, 2027, and apply regardless of how the prewritten software is delivered to the purchaser, including by physical media, electronic transfer, or remote access through the internet.
Learn more. Read California Software Tax Changes: What Businesses Should Know Before 2027 via our Gold Partners at Andersen.
Back to top
FEISV Member of the Week
Christine Gu
Christine Gu is a strategic, forward-thinking, results-driven financial executive who is an active CPA (lic#95853) with a Big 4 background and over 20 years of experience in all aspects of Finance and Accounting within private and publicly traded multi-billion dollar global companies.
Currently, Christine serves as CFO for Clarify Health Solutions. Previous experience includes CAO at Enjoy Technology, Inc., VP and Controller at Egnyte, Director of Revenue at Model N, and other prominent roles in organizations.
http://www.linkedin.com/in/christinegu
Back to top
FEISV Partner of the Week
Andersen is the founding member of Andersen Global, an international association of legally separate, independent member firms with more than 4,500 professionals worldwide, over 600 global Partners, and a presence in over 148 locations through its member firms and collaborating firms. In the U.S., Andersen has more than 1,000 personnel located in 19 cities across the country. Andersen encompasses top advisors with previous experience in international accounting firms, law firms, the IRS, and state taxing authorities.
Many of their advisors hold multiple professional credentials and have depth in a wide range of capabilities, allowing them to provide clients with comprehensive, integrated solutions. Andersen specializes in full-service individual and business entity tax compliance and consulting.
Their clients are at the center of our operating model, which is structured to allow their experts to be entrepreneurial and proactive in their approach and enable Andersen's Managing Directors to roll up their sleeves and work directly with you. As an Andersen client, the professionals you get to know in your first meeting are the same professionals who will be working with you throughout the process.
CONTACT:
Petra N. Loer
[email protected]
www.andersen.com
Back to top
