Thu.Nov 30, 2023

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The Relationship Between a Fractional CFO and Your Public Accounting Firm

Beacon CFO Plus

How to Divide Responsibilities and Prioritize Communication The relationship between a fractional or outsourced Chief Financial Officer (CFO) and your company’s public accounting firm should be collaborative, clear, and well-defined. This ensures your company’s financial and accounting needs are met effectively. Here are some guidelines for how they should work together to avoid any potential roadblocks or conflicts.

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Accounting events for Q4 and 2024

CFO Dive

It’s time to consider registering for a range of upcoming accounting conferences — both in person and online. CFO Dive’s got a list to help sort through them.

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Trending Sources

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94 Percent of Indian CFOs bullish on nation's economic future, reveals Deloitte Survey

CFO News

Indian CFOs exhibit unparalleled confidence in their nation's economic future, with 94 percent expressing optimism, in stark contrast to the 30 percent among their Asian counterparts. Deloitte's APAC CFO Survey 2023 sheds light on this disparity, emphasizing India's financial leadership and the evolving role of CFOs in the region.

Economics 145
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Inflation, consumer spending cool, validating pause in Fed rate hikes

CFO Dive

Fed officials have recently noted progress in curbing price pressures but cautioned against expectations of sustained disinflation or an imminent cut to borrowing costs.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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The brave nation builders of India Inc

CFO News

I strongly believe it is high time policymakers, India Inc, and specifically decision makers like CFOs and HR heads, look at the workers very seriously. Because they are the brave ones who are building India and India Inc.

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More Trending

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10 Thursday AM Reads

Barry Ritholtz

My morning train WFH reads: • Owners Keep Zombie Malls Alive Even When Towns Want to Pull the Plug : Aging malls often take a long time to expire, but they can remain valuable assets. ( Wall Street Journal ) • A strange, short journey through Shein’s world : The fast fashion brand has been trying to drop the secrecy around its business model and supply chain.

Education 104
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Claire’s taps Bath & Body Works vet for CFO-COO role

CFO Dive

The appointment comes as the retailer is weighing the best time to go public, after withdrawing an IPO earlier this year.

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20 per cent of Indian businesses lack emissions plan amid climate crisis, warns report

CFO News

A recent report by ACCA, IFAC, and PwC reveals that 20 per cent of Indian companies lack an emissions reduction plan, emphasizing the urgent global need for comprehensive climate strategies. CFOs and finance teams can play a crucial role in driving sustainability and achieving net-zero ambitions.

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Closing the financing gap to mitigate green projects risks

Future CFO

Institutions and investors must close the financing gap to transition to net-zero and mitigate risks surrounding green projects, according to a new report by Deloitte. The Financing the Green Energy Transition report found that new cost-reducing finance instruments can help de-risk green projects in developing economies while making investing in these projects more attractive.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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India's GDP grew 7.6 per cent in Q2 FY24

CFO News

India's GDP growth for the April-June quarter reached 7.8 per cent.

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Vantage Data Centers appoints new APAC CFO

Future CFO

Vantage Data Centers, a global provider of hyperscale data center campuses, recently announced the appointment of Joel Cheah as CFO, APAC. As an experienced and award-winning financial executive with a focus on real estate investment trusts (REITs), Cheah brings more than 15 years of experience navigating finance, tax regulations, capital markets and investor relations, Vantage said.

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Clix Capital’s CFO aims to close FY24 with 3X profitability, 40% AUM growth

CFO News

Gagan Aggarwal eyes profit of Rs 80 crore and assets under management of Rs 6,000 crore during FY24 on robust credit demand from healthcare, education, and MSME retail sectors.

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Finance leaders, professionals yet to produce plan on sustainability

Future CFO

Finance leaders and professionals around the world are yet to concoct their plans on sustainability , according to a joint research by the Association of Chartered Certified Accountants , the International Federation of Accountants , and PricewaterhouseCoopers International. The survey , which asked 1,000 senior finance professionals, underlines organisations’ urgent need for strategies and transition plans to combat climate change, remain successful, and meet stakeholder expectations.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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India's manufacturing activity ticks higher as input inflation falls to 40-mth low: PMI

CFO News

India's manufacturing sector experienced a moderate improvement in November, with the S&P Manufacturing PMI reaching 56, up from October's eight-month low of 55.5. While domestic demand remained robust, international demand weakened, resulting in new export orders reaching a five-month low. Business sentiment also reflected concerns about potential price increases in the near term.

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Top 5 Mistakes Caught in a Nonprofit Audit

The Charity CFO

Does the idea of an audit from the IRS leave you with sweaty palms? Most nonprofit leaders aren’t accountants and the thought of getting audited is a sizable fear. Luckily, being prepared can help you avoid accounting mistakes that could come up in a nonprofit audit. This guide will help you better understand the common mistakes nonprofits make in their accounting systems.

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Jewellery trade moves to expose shell companies, curb illegal fund flows

CFO News

The initiative to trace UBOs in the jewellery trade is being led by the main industry body Gem & Jewellery Export Promotion Council (GJEPC), which had introduced the 'MYKYC' regime in 2019 in the wake of the Nirav Modi-Mehul Choksi scam, making it mandatory for members to reveal UBOs of companies and IDs and personal details of proprietors of domestic firms.

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FP&A – Managing by Metrics

Centage

So many FP&A Managers build out some rocking KPI dashboards and management is excited to be able to report on all those metrics. However many businesses manage using metrics all wrong. Managing using data is not inherently incorrect, but doing it wrong can add risk. The Goodhart’s Law of “When a measure becomes a target, it ceases to be a good measure.” is a danger to anyone measuring metrics in their business.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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GDP numbers suggest private capex gaining steam, say experts

CFO News

India's GDP growth in the September quarter of the fiscal year reached 7.6%, making it the fastest-growing large economy. The rebound was driven by a strong performance in the manufacturing, mining, and services sectors. The Gross Value Added (GVA) in the manufacturing sector saw a growth of 13.9%, indicating a significant increase in production to meet pent-up demand before the festivals.

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The Mentoring Round | Lauren StClair, CFO, NerdWallet

CFO Thought Leader

Inside The Mentoring Round, CFO Lauren StClaire reflects on her early days as a CFO and how she came to embrace the power of saying “no” or “not right now,” a skill that many new leaders find difficult to master. Despite having mentors and sponsors who shared their wisdom and experiences, CFO StClair tells us she learned to appreciate the value of prioritizing the most important things in life, both personally and professionally. 955: When It’s Time to Raise Your Ha

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Coca Cola to invest Rs 1,387 cr for new plant in Maharashtra

CFO News

The greenfield facility in the Khed taluka is expected to be operational by 2025, and was termed as a "major leap" in the company's manufacturing capabilities. The unit will provide direct and indirect employment to 350 people. A total of 81,000 people will benefit in the state through its community initiatives, the statement said.

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EY survey: private equity activity picks up in Southeast Asia in Q3

Future CFO

Private equity activity picks up in Southeast Asia in the third quarter of 2023, according to a survey by Ernst & Young. The EY Quarterly Private Equity Update: Asean found that the region saw a total of 18 private equity-backed deals worth US$1.8 billion, compared with 18 deals worth US$1.2 billion in the same period last year. The survey , which provides a roundup of the private equity deals along with capital activities across major sectors in Southeast Asia from July to September 2023,

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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PVR Inox says it will open 150 screens next fiscal with Rs 500 cr investment

CFO News

PVR Inox, India's largest multiplex operator, is planning to open 150 screens in the next fiscal year with an investment of approximately Rs 500 crore. The company already operates 118 screens across 23 properties in Mumbai and a total of 1,711 screens at 359 properties in 114 cities, including Colombo.

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Venture Capital Sentiment Tracker – October 2023

Fox Corporate Finance

October 2023: Biotechnology Medical Technology Health Technology Funding Volume (€m) 0 Trend Funding Volume (€m) 0 Trend Funding Volume (€m) 0 Trend Biotechnology Funding Volume (€m) 0 Trend Medical Technology Funding Volume (€m) 0 Trend. Read more The post Venture Capital Sentiment Tracker – October 2023 appeared first on FCF Fox Corporate Finance GmbH.

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CBIC instructs officials to upload digital summary of tax notices to boost transparency

CFO News

In a significant move towards transparency and efficiency, tax officials are now required to upload detailed summaries of show cause notices or tax demands raised under the Goods and Services Tax (GST). The Central Board of Indirect Taxes and Customs (CBIC) has recently issued comprehensive internal instructions to field formations, outlining the mandatory practice of digitally summarizing all tax demands and notices.

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Changes to CGST Act among 18 bills lined up for winter session

CFO News

The legislative agenda for the winter session also includes bills to extend provisions of women's reservation act to J&K and Puducherry, and three bills to replace the criminal laws. As per a bulletin issued by the Lok Sabha Secretariat, the government also plans to bring a bill that seeks to increase the strength of J&K assembly from 107 to 114 seats.

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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.