Barry Ritholtz

JANUARY 1, 2024

Happy New Year! Kick it off right with our first day of the year reads: • Everything Wall Street Got Wrong in 2023 : Stocks were supposed to slump and bonds rally as the Fed drove the US into a recession. It didn’t play out as strategists expected. ( Bloomberg ) • Crypto Animal Spirits Are Back. What’s Ahead for 2024. Bitcoin backers are looking forward to an ETF and other catalysts that could lift prices in 2024. ( Barron’s ) see also Stocks Beat the Odds This Year.

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Leadership Investments Economics Technology 107

CFO News

JANUARY 1, 2024

ETCFO explores the vision of India Inc CFOs for 2024 – a journey from financial innovation to societal impact. Dive into their transformative resolutions on upskilling, sustainability, and personal growth. Read what top CFOs have to say.

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Nerd's Eye View

JANUARY 1, 2024

Welcome to the January 2024 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that held-away asset management platform Pontera has raised $60 million in venture capital funding as advisors increasingly seek to directly manage clients' 401(k) and other outside assets – althoug

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Technology Planning Compliance Startups 90

Future CFO

JANUARY 1, 2024

The chief financial officer role is now being seen as a key driver in the digital modernisation of organisations, according to a survey sponsored by software company Epicor. The study, which asked 200 manufacturing and distribution organisations with revenues between US$100 million and US$1 billion, revealed that more than 80% of the respondents believe today's economic uncertainty has significantly elevated the importance of the CFO in bringing in strategies and technology optimisation initiati

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Financial Planning and Analysis (FP&A) CFO Accounts Payable Manufacturing 52

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

Investments

CFO News

JANUARY 1, 2024

The Ministry of Heavy Industries has extended the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components by one year with partial amendments. The scheme will be applicable for five consecutive financial years, starting from FY24 and ending in 2027-28. The government has also modified the incentive outlay table to INR 25,938 crore.

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CFO News

JANUARY 1, 2024

On the recommendation of GST council, Centre on Monday notified the creation of the principal bench of Goods and Services Tax Appellate Tribunal (GSTAT). Last month the Parliament passed the CGST Bill, 2023 which seeks to raise age limits for the president and members of the Goods and Services tax Tribunal (GSTAT) from 67 and 65 years, respectively, to 70 years, against 67 years and 65 years specified earlier.

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Future CFO

JANUARY 1, 2024

The Asia-Pacific (APAC) region should remain resilient in 2024 to challenges from slowing global growth, high interest rates, and lingering property-sector issues in China, says Fitch Ratings. The post Credit outlook 2024: APAC sovereigns' growth to remain strong in 2024 compared with peers appeared first on FutureCFO.

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CFO News

JANUARY 1, 2024

The total number of audit reports and other forms filed during the period is 1.60 crore, as against 1.43 crore audit reports and forms filed in the corresponding period of preceding year. December 31 is the last date for filing an updated return, where taxpayers can make corrections if they miss out any details, detected on their own or flagged by the income tax department.

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Auditing Numbers 52

CFO Thought Leader

JANUARY 1, 2024

Planning Aces co-hosts Brett Knowles and Jack Sweeney discuss how AI’s integration into FP&A is still in early stages, with many teams ‘dabbling’ in AI rather than regularly employing it. However, its use has been significant, inspiring creativity and improving team performance. This episode’s conversation emphasizes how FP&A is not just about financial numbers but involves drawing in non-FP&A players into the process.

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CFO Leadership Planning Budgeting 52

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.

Accounting

CFO News

JANUARY 1, 2024

Life Insurance Corporation of India (LIC) received a demand notice of about Rs 806 crore for alleged short payment of GST for 2017-18. LIC has received a communication/demand order on Monday for collection of GST along with interest and penalty for Maharashtra state, the insurer said in a regulatory filing.

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Communication 52

CFO News

JANUARY 1, 2024

The current consensus among political analysts is for Prime Minister Narendra Modi to retain power in next year’s general elections. In that case, expect a further consolidation of wealth in the hands of Mukesh Ambani, Asia’s richest businessman, and Gautam Adani, his closest rival.

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CFO News

JANUARY 1, 2024

Pine Labs and Udaan are the latest to plan shifting their holding companies to India with an eye on the long term. They join several other well-funded and highly valued startups that are moving their overseas holding companies to India — or ‘reverse flipping’ ahead of listings.

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Startups Planning 52

CFO News

JANUARY 1, 2024

While NFRA does not have its own guidelines, it goes by the provisions of the Companies Act and the Institute of Chartered Accountants of India's audit standards and guidelines, including the Code of Ethics, which lists out possible threats, including those related to self-interest, self-review, advocacy, familiarity and intermediation.

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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.

Accounting

CFO News

JANUARY 1, 2024

Norwest Venture Partners, WestBridge Capital are among entities said to be in talks to pick up stake in ecommerce firm Meesho. The development underscores the growing trend of secondary share sales in late-stage firms.

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Valuation eCommerce Sales 52

CFO News

JANUARY 1, 2024

Petrol, Diesel Rates: India has significantly increased the windfall profit tax on crude oil from Rs 1,300 to Rs 2,300 per tonne. Simultaneously, New Delhi abolished the tax on diesel and aviation turbine fuel (ATF), maintaining the absence of windfall taxes on petrol. Previously, windfall taxes of 50 paise per litre and one rupee per litre applied to diesel and ATF, respectively, which have now been eliminated.

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CFO News

JANUARY 1, 2024

GST: India's Goods and Services Tax (GST) revenue sustained an annual increase but registered a three-month low in December. The Finance Ministry disclosed that GST collections in December stood at Rs 1.65 lakh crore, marking a 10.28 percent rise from the previous year. However, this figure was lower than both November's Rs 1.68 lakh crore and October's Rs 1.72 lakh crore, which was the second-highest collection post the GST implementation.

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Finance 52

CFO News

JANUARY 1, 2024

The total value of ₹2000 banknotes in circulation, which was ₹3.

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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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