Tue.Jul 23, 2024

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Many CFOs still in early phase of digital transformation: McKinsey

CFO Dive

Finance teams are grappling with roadblocks such as demanding workloads, a lack of relevant capabilities and insufficient resources.

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Japan Megabanks’ Strategic Share Sale Marks Big Priority Shift

Global Finance

The plan by the Big Three banks to unwind their cross-shareholdings points to a long-awaited turn to better corporate governance. The announcements in June by Japan’s three megabanks that they will sell $5.4 billion of their strategic cross-shareholdings over three years mark a milestone in the decades-long effort to remodel Japanese corporate governance along more investor-friendly lines.

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Trending Sources

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Judge deals major blow to SEC’s cybersecurity enforcement stance

CFO Dive

“The decision substantially limits the SEC’s authority to challenge a company’s cybersecurity program,” attorney Mark Schonfeld said.

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Aerospace & Defense Supply Chain – Supplier Trends

VCFO

Finding Success as an Aerospace & Defense Supplier Analyst outlooks for the Aerospace and Defense (A&D) industry point to significant, continued growth as strong travel and communication demand fuel the commercial sector, and a changing military landscape feeds more defense spending. Small- and mid-sized businesses looking to enter or increase their presence in A&D as suppliers should be encouraged by this view, but they will need to act with awareness and intention to find success.

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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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CFOs face ‘threefold challenge’ with GenAI spending, Pairsoft CEO says

CFO Dive

As finance chiefs look to upgrade legacy finance functions, GenAI is emerging as a promising technology — but first, CFOs need to identify a clear use case.

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More Trending

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‘Friendly fraud’ persists under the radar

CFO Dive

Fraud committed by customers threatens companies’ bottom lines and often goes unreported, experts say.

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What are the 8 new measures announced for MSMEs in Budget 2024?

CFO News

Union Budget 2024 emphasizes MSME support with innovative measures like new Public Sector Bank credit assessments, increased MUDRA loans, stress-period credit support, a Credit Guarantee Scheme, expanded SIDBI branches among others. The Finance Minister said these initiatives aim to enhance MSMEs' global competitiveness. Notably, MSMEs were also a part of the four major themes in this year’s Budget.

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Spotify profit jumps amid ‘early days’ of price increases

CFO Dive

Interim CFO Ben Kung said the music streamer is “encouraged” by the initial consumer reaction to the company's recent price hikes.

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The CFO’s role in bridging the value alignment gap

Future CFO

Chief financial officers at present play a vital role in aligning financial strategy with an organisation’s core values and culture. This is the view of Georgeta Elena Precup (Moran), CPA,CGMA , Operating Partner - Acting CFO, Advisory at Beyond Podiatry , emphasising how CFOs occupy a unique vantage point, overseeing not only financial health but also strategic planning , risk management, and corporate governance.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

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!

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Judge deals major blow to SEC’s cybersecurity enforcement stance

CFO Dive

“The decision substantially limits the SEC’s authority to challenge a company’s cybersecurity program,” attorney Mark Schonfeld said.

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Navigating SBA EIDL Loans for Small Businesses in 2024

CSC Advisors

Your beloved local business in Florida has just sustained significant damage from a powerful hurricane. The relentless winds and torrential rains battered your premises, flooding the interior and ruining essential equipment. Known for your warm hospitality and essential services, your establishment faces an uncertain future. With repair costs far exceeding your savings, you desperately need financial solutions to rebuild, reopen quickly, and ensure your business thrives after the storm.

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The Mentoring Round | Shelagh Glaser, CFO, Synopsys

CFO Thought Leader

Inside The Mentoring Round , CFO Shelagh Glaser discusses how AI is transforming Synopsys Inc. at multiple levels, from accelerating engineering solutions to enhancing internal operations and forecasting. CFO Glaser also shares insights for new CFOs on how to navigate organizational dynamics in a remote work environment and preparing for market shifts. 1,018: From Complexity to Clarity: Simplifying Business Segments for Investor Insight | Shelagh Glaser, CFO, Synopsys The post The Mentoring Rou

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#FASuccess Ep 395: The Rise Of Bank Financing To Fund Independent Advisor Acquisitions And Succession Plans, With Dustin Mangone

Nerd's Eye View

Welcome back to the 395th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Dustin Mangone. Dustin is the Director of Investment Advisor Services of PPC LOAN, a firm based in The Woodlands, Texas that facilitates conventional bank loans to financial advisors. What's unique about Dustin, though, is how his firm allows financial advisors to tap into bank lending, an historically challenging source of debt capital for the advisory industry, to finance both RIA and in

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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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Effective Risk Management Strategies for Businesses

CFO Talks

A s a CFO in today’s dynamic business landscape, you are no stranger to the multifaceted nature of risk. The ability to identify , assess, and manage risks effectively is critical to safeguarding your organization’s financial health and ensuring sustainable growth. For CFOs in Africa, particularly in South Africa, the challenges can be even more pronounced due to unique regional factors.

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From credit guarantee to e-commerce export hubs, Budget puts focus on MSME firms

CFO News

State-owned banks will develop a new credit assessment model for MSMEs, moving away from traditional asset or turnover-based assessments.

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Finance Minister announces abolishment of Angel Tax for all investor classes

CFO News

Having introduced by the government in 2012 to curb money laundering, Angel Tax has finally been abolished. Angel Tax refers to the tax provision under section 56(2)(viib) of the Income Tax Act, 1961, which imposes a tax on any excess premium received by a company from resident investors over the Fair Market Value (FMV) of shares issued.

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Budget 2024: Focus on employment, infrastructure, and economic stability, say Experts

CFO News

The Union Budget 2024 focuses on agricultural productivity, MSME support, capex investments, and skilling to address unemployment, while calling for enhanced FDI policies and improved ease of doing business to ensure inclusive and sustained economic growth. However, experts noted some areas were overlooked: the unchanged nominal GDP at 10.5% seemed conservative, education and health were underfunded, there was a need for a more aggressive approach to Ease of Doing Business, and MNCs' desire for

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

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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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Selling property? Brace for more tax liability as Union Budget takes away indexation benefit

CFO News

Budget 2024: The new Budget documents indicate that the tax rate for LTCG on property sales will increase to 12.5% without the indexation benefit.

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Budget 2024 struck a fine balance, tax changes to spur consumption: Economists

CFO News

The Union Budget 2024 has been tabled today at the Parliament and mixed reactions across industries have started pouring in. Top economists of India believe that the change in income tax slabs along with the direct benefit transfer to first time workers, is likely to spur consumption, particularly for small ticket items. They also believe that the government’s efforts to reap India’s demographic dividend is visible in its push towards labour intensive production.

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Aiming for more overseas investments: Proposal to slash corp tax on foreign cos to 35% will motivate to set up permanent base

CFO News

India's finance minister has proposed a 35% reduction in the tax rate for foreign companies to attract more investment and boost foreign inflows. The move will benefit overseas companies looking to establish permanent branches and project offices for engineering, procurement, and construction contracts.

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Companies applaud Budget 2024 proposal to provide internships for one crore youth

CFO News

Finance minister Nirmala Sitharaman announced a groundbreaking internship scheme offering one crore youth opportunities in 500 top companies over five years. With a central outlay of Rs 2 lakh crore, interns will gain real-life business experience and receive Rs 5,000 monthly allowance. Experts and companies applaud the initiative for its potential impact on workforce development.

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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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Same same, but different: Budget 2024 is a 'government bachao' and prudent balancing act

CFO News

Nirmala Sitharaman's budget, benefiting from 8.2% GDP growth, cuts the fiscal deficit, boosts infrastructure, and adjusts import duties. It raises long-term capital gains tax, abolishes angel tax, and includes corporate tax cuts, employment incentives, state funding, income tax standard deduction, tourism projects, buyback tax, flood protection, and highlights needed educational improvements.

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Budget 2024: Govt’s new scheme to generate 30 lakh manufacturing jobs, step towards ‘Made in India’ vision

CFO News

Manufacturing Jobs: The scheme aims to encourage substantial hiring of freshers in the manufacturing industry by providing incentives to both employers and employees.

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Budget 2024: Centre trims fiscal deficit target for FY25 to 4.9% of GDP, maintains fiscal consolidation

CFO News

“The fiscal consolidation path announced by me in 2021 has served our economy very well, and we aim to reach a deficit below 4.5 per cent next year,” stated Nirmala Sitharaman while presenting the Union Budget 2024 on Tuesday in Lok Sabha.

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Government Sets Nominal GDP Growth Target at 10.5% for FY25

CFO News

Finance Minister Nirmala Sitharaman sets a robust nominal GDP growth target of 10.5 per cent for FY25, emphasizing India's economic resilience amid global uncertainties and strategic policy effectiveness.

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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.