Mon.Mar 04, 2024

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FASB advances gross-up fix for CECL

CFO Dive

In 2016 FASB sought to curb delays in recognizing deteriorated assets through its current expected credit losses standard that it is now revisiting.

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Making Complicated Ideas Simple

Barry Ritholtz

The one and only Howard Marks… The post Making Complicated Ideas Simple appeared first on The Big Picture.

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93% of firms use a mix of ESG standards, thwarting uniformity efforts: IFAC

CFO Dive

The spotlight on confusion from a jumble of ESG frameworks comes just days before a vote on an SEC rule aimed at ensuring uniformity in climate disclosure.

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The Latest In Financial #AdvisorTech (March 2024)

Nerd's Eye View

Welcome to the March 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 advisor lead generation platform Datalign Advisory reached nearly $15B in referred client assets (and almost $3B in actually-converted assets) in just its 2nd year of business, as advisor demand for pa

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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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The high cost of outdated AR

CFO Dive

Today’s B2B customers demand a seamless order-to-cash experience, and brands must embrace automation to adapt.

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More Trending

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CFO 2.0: Transformative Leadership in the Era of Business Complexity

CFO News

Anjali Forbes, Senior Partner at TRANSEARCH India – Banking & Financial Services Practice, elucidates the transformative journey of modern CFOs in "CFO 2.0: Transformative Leadership in the Era of Business Complexity.

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Two key tactics for GenAI

Future CFO

Mary Mesaglio , VP Analyst at Gartner , discusses critical skills for business leaders navigating new trends and cutting-edge technologies, including generative artificial intelligence or GenAI. Mesaglio introduces the power of push and pull tactics and highlights the balance between the how and why of innovation. The post Two key tactics for GenAI appeared first on FutureCFO.

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India ranks 113 out of 190 countries in the World Bank’s legal gender gap index

CFO News

India ranks 113 in the World Bank's Women, Business and Law index, with women having 60% of the legal rights compared to men. Closing the gender gap could raise global GDP by over 20%. India's female labour force participation rate is 37%.

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How sustainability concerns matter in transactions

Future CFO

Sustainability concerns are having a significant impact on investment and divestment processes, or in "the transactional workflow", the Association of Chartered Certified Accountants (ACCA) finds. With this at hand, the ACCA says accountancy and finance professionals are at the heart of these transactional processes, bringing expertise and experience to quantifying risks, assessing outcomes and identifying deal-breakers.

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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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Ensure GST classification clarity, FM Sitharaman tells officials

CFO News

FM Nirmala Sitharaman on Monday told officials to ensure clarity on classification issues for levy of GST and asked them to look into the issue at the earliest. The statement at the National Conference of Enforcement Chiefs of the state and the Central GST formations comes amid several instances where classification of a product has created problems for taxpayers.

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The 10 best revenue forecasting software options in 2024

Cube Software

What to look for in revenue forecasting software Revenue forecasting software is a tool designed to help businesses predict future sales and income over a specific period. It leverages historical data, sales trends, and market analysis to provide an estimate of the revenue a company can expect to generate.

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KPMG fined $2 million for 'failures' in M&C Saatchi audit

CFO News

KPMG fined $2 million for 'failures' in M&C Saatchi audit

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979: The Changing Stripes of Finance Leadership | Chermaine Hu, CFO, Episode Six

CFO Thought Leader

At the very beginning of our talk with CFO Chermaine Hu, she revealed an irony about the CFO title that we rarely get to expose. To wit: The very title toward which any executive has invested so many illustrious career years conveys ownership of what might seem to be a less than illustrious role—or at least one requiring little future endeavor. “I have always struggled with the CFO title,” explains Hu, who notes that the moniker captures only a fraction of what most CFOs actually do.

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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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Global tax deal: Large Indian companies check readiness, assess impact

CFO News

The Pillar Two model rules under Global Anti-Base Erosion Regulation have been crafted to ensure that large multinationals pay a minimum level of tax. They apply to companies that are members of a multinational group and have had annual sales of ₹750 million or more in the ultimate parent entity's consolidated financial statements for at least two of the four fiscal years before the tested year.

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Cash Flow Management Tips for Your Business this 2024

The Finance Weekly

,, Cash flow numbers are really important in finance. Whether you run a business or just want to handle your money better, knowing about cash flow is crucial. It shows how healthy and sustainable your finances are. According to Investopedia, a big reason small businesses don’t make it is cash flow issues. Surprisingly, 20% of them don't survive even the first year.

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Elon Musk loses world’s richest person title to Jeff Bezos

CFO News

Elon Musk lost his position as the world's richest person to Jeff Bezos. The wealth gap between them has been shrinking as Amazon shares rise and Tesla shares fall. Bezos is now the largest shareholder of Amazon with a net worth of $200.3 billion.

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BlackLine marks 1,000th modern accounting playbook customer

Future CFO

Four years following its introduction, BlackLine, Inc. 's Modern Accounting Playbook (MAP) marked its 1,000th customer. The bundled software and services offerings are designed to help companies get up and running quickly and realise immediate value on BlackLine’s market-leading financial close and invoice-to-cash solutions. The playbook's processes and practices enable organisations to streamline, control, and modernise their accounting operations and be up and running in as little as five day

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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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Banks to bring in extra KYC verification layers

CFO News

Banks are enhancing their KYC standards by adding extra verification layers to identify accounts and account holders. The plan includes updating existing accounts, especially those with a single phone number linked to multiple or joint accounts, and seeking more verification from individuals with multiple accounts opened using different documents. A committee led by finance secretary TV Somanathan is working to standardise and ensure interoperable KYC norms across the financial sector.

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Ex-Trump CFO Weisselberg pleads guilty to perjury

CFO Dive

The ex-CFO will be sentenced to five months in jail after pleading guilty to two counts of perjury, according to reports, his second felony conviction in two years.

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After changes at the helm, NARCL goes on a bad-loan lapping spree

CFO News

Led by Diwakar Gupta, NARCL has emerged as the most active player in the bad loan market, acquiring over ₹30,000 crore of stressed loans in four months. It operates under the 15:85 structure, offering 15% cash and 85% security receipts.

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Moody's raises India's 2024 GDP forecast to 6.8% from 6.1%

CFO News

Moody's on Monday raised India's GDP growth estimate for 2024 to 6.8 percent from 6.1 percent. The boost in economic growth during the October-December quarter, which reached 8.4 percent, was attributed to a significant decrease in key subsidies.

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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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Tata Motors to split into 2 listed companies

CFO News

While the commercial vehicle business and its related investments will be housed in one entity, the passenger vehicle business (PV), electric vehicles, JLR and its related investments will form another entity "as there are limited synergies" between the two, the company said in a stock exchange filing on Monday.

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Sony deal in past; Zee focus now on future, rebuilding business: Punit Goenka, MD & Chief Executive, Zee

CFO News

Any asset failing to generate profit will be divested from the media company’s portfolio, Goenka said. He also spoke of the challenges facing Zee after the merger failure, impact of the Reliance-Disney merger on the industry, Sebi’s allegations of fund diversion, and his ambitious turnaround plan.

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MP industry conclave attracts investment proposals worth Rs 1 lakh crore

CFO News

Among the major investors, Adani has promised Rs 75,000 crore of investment, Pepsi has proposed Rs 1,250 crore investment in Vikram Udyogpuri of Ujjain, LTI Mindtree has inked an memorandum of understanding to invest Rs 500 crore and Singapore's Samcom expressed interest in wind and solar energy projects.

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Audit panel meetings of listed firms must not be reduced to a formality: NFRA chairman Ajay Bhushan Pandey

CFO News

The National Financial Reporting Authority (NFRA) plans to conduct annual inspections of major audit firms to ensure compliance with standards and protect investors. The regulator will engage with audit committees and boards, expand inspections, and address issues related to financial statements and auditor independence.

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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.