FASB pushes crypto, tax rules over finish line
CFO Dive
DECEMBER 15, 2023
The U.S. standard setter has issued nine new accounting standards updates so far this year, compared to six in all of 2022.
Fri.Dec 15, 2023
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Why Life Sciences Businesses Need ERP
Navigator SAP
DECEMBER 15, 2023
For most life sciences startups , the product is the business. This makes sense because many life sciences businesses come out of fundamental innovation in the lab, and thoughts of how best to bring the product to market only come later.
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Former Disney CFO takes stage in proxy battle
CFO Dive
DECEMBER 15, 2023
Activist investor Nelson Peltz is leaning on the insider financial expertise of ex-CFO Jay Rasulo as the Disney proxy battle reignites.
Understanding SAP ERP Production Planning
Navigator SAP
DECEMBER 15, 2023
SAP’s enterprise resource planning solutions (ERP) are made up of modules that deliver specific functionality and combine to provide an end-to-end backend solution for businesses of all types. One of the core modules that significantly benefits manufacturers is the Production Planning module.
The Growth Architect: How Financial Leaders are Unlocking Potential
Speaker: Ashley Harlan, MBA
What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.
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UBS, Citi and the 2023 ‘grinch index’
CFO Dive
DECEMBER 15, 2023
Citi is reportedly offering employees part of their annual bonuses early if they agree to leave the bank. UBS, meanwhile, aims to claw back old bonuses paid to Credit Suisse bankers.
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Kraft Heinz probes ransomware attack claim
CFO Dive
DECEMBER 15, 2023
The food and beverage company attributed the potential attack to a decommissioned marketing site and said internal systems are operating normally.
SC refuses to grant stay on tax notices to E-gaming companies
CFO News
DECEMBER 15, 2023
The show cause notices were issued after the government clarified that online gaming, betting, and gambling will be levied 28% GST on the full face value from October 1. The government believes that some of these firms leveraged the lack of clarity on taxation of "game of chance" and "game of skill" before October 1 and there was a need to have a uniform 28% GST on the full value of bets placed on online gaming platforms.
How to Properly Record Revenue for Nonprofits
The Charity CFO
DECEMBER 15, 2023
While the nature of a nonprofit means you’re focusing more on your mission than making money, bringing in revenue is still essential. This can lead to unique accounting and recordkeeping challenges that for-profit businesses don’t have to face—especially related to revenue classification. Accurate revenue recognition, classification, and records are some of the most important aspects of nonprofit accounting.
Income tax demands of Rs 3.57 lakh crore settled in a year, says finance ministry
CFO News
DECEMBER 15, 2023
A dedicated demand management facilitation centre in Mysuru helped resolve cases. The call centre, set up in Mysuru, helped the department settle a total of 146,385 outstanding tax demands. These were the cases where the taxpayers had paid lower tax than the actual tax liability.
2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)
Advertiser: Paycor
Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!
Employee Spotlight: Renee Teo
FISPAN
DECEMBER 15, 2023
In this month’s employee spotlight, we’re getting to know Renee Teo, our Business Systems Analyst at FISPAN. As part of the Facilities & Service Desk division, Renee facilitates the analysis, design and implementation of various business systems such as the creation of our Service desk, to aid in the creation of our Command Centre. Her transition from a background in biochemistry to her role at FISPAN was a journey fueled by a strong interest in technology and a passion for project managemen
Lanco lenders to vote on Adani Power's ?4,100-crore offer
CFO News
DECEMBER 15, 2023
KPMG-backed resolution professional (RP) Saurabh Kumar Tikmani will also seek direction on withdrawing the Power Finance Corporation-led consortium's resolution plan for the distressed thermal power undergoing corporate resolution.
Meesho says it has onboarded 25K non-GST sellers since Oct'23
CFO News
DECEMBER 15, 2023
The platform saw 40 per cent of its non-GST seller registrations last month, coming from over 20 states. The statement comes after the GST council allowed e-commerce platforms to onboard non-GST sellers with a turnover of Rs 40 lakh.
VC funds backing fewer women startups than men-led ones: Smriti Irani
CFO News
DECEMBER 15, 2023
The minister for women and child development said there are many women innovators in science and technology, but rued that their strides are not getting translated into commercial ventures.
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
Vodafone Idea close to selling fibre assets, eyes up to Rs 12,000 crore
CFO News
DECEMBER 15, 2023
Vi had tried to sell its fibre assets and data centre business in 2019, but the deal could not be concluded due to differences over valuation. The company has over 160,000 km of optic fibre and, since wired broadband is set to be a big revenue stream, Vi is hopeful of closing the deal at a good valuation.
DRI moves tribunal against relief to Essar Group in over-invoicing case
CFO News
DECEMBER 15, 2023
​​Between March 2015 and August 2016, the Mumbai zone of the Directorate of Revenue Intelligence had issued issued show-cause notices (SCNs) against several Essar Group companies. The agency said investigations showed the group allegedly siphoned off funds abroad through GSF, an intermediary in the UAE, which was controlled and managed by the Ruia family through the ultimate holding company of the Essar Group.
General Insurance Corporation of India recruiting for Chief Financial Officer
CFO News
DECEMBER 15, 2023
The General Insurance Corporation of India (GIC Re) has announced the recruitment for the post of Chief Financial Officer (CFO) through a notification released on its website on Monday, December 11, 2023. The application window is open from now and will remain open till Tuesday, December 26, 2023.
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