Wed.Feb 28, 2024

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Judge denies former View CFO motion to dismiss SEC complaint

CFO Dive

The SEC had “adequately alleged facts” which allowed the court to reasonably infer negligence on the part of the ex-CFO, the judge said.

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Project Titan(ic)

Corporate Finance

In 2014, Apple was rumored to have approved Project Titan, Apple's development of an electric car. In 2015, Apple formally introduced the new project. At its height in 2018, Project Titan employed 5,000 people. Now, nearly a decade later after it started, Apple announced that it is shutting down Project Titan, the option to abandon. With shrinking demand for electric cars, Apple must have believed that spending more money on the new car isn't worth the payoff, even though Apple has probably alre

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Trending Sources

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Few link 150 credit hours to more prepared accounting graduates

CFO Dive

Less than 10% of NJCPA members surveyed reported seeing accounting graduates with an extra 30 hours of college credit as “noticeably” better prepared.

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Using Reflection Questions To Help Prospects Find Clarity And Focus On A Shared Planning Vision

Nerd's Eye View

Initial outreach to a financial advicer rarely (if ever) results from a prospective client waking up in the middle of the night in a cold sweat because they just figured out that they're in desperate need of a comprehensive financial plan. Rather, prospects often reach out to set an initial appointment only when they realize they have a specific pain point that they need an advicer's help with.

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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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Fed official makes a case for the dollar’s hegemony

CFO Dive

Can the dollar’s reign as the world’s reserve currency persist? This Fed official makes a strong case, but digital doubts may remain.

More Trending

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CFOs get involved in enterprise GenAI strategy development

Future CFO

Chief financial officers are among some of the C-suite executives most involved in developing enterprise generative artificial intelligence (GenAI) strategies for their organisations, a Gartner survey finds. In a Gartner survey of 822 functional leaders, 34% of respondents identified CFOs as being involved in developing GenAI strategy for their enterprise.

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Red Sea crisis: Indian companies take steps to offset supply chain impact

CFO News

The measures include creating an additional pool of working capital to buy raw materials in advance which are imported through that route, air freight to meet urgent demand and negotiation with clients, logistics and insurance companies, industry executives said.

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Why Would a Banker Recommend Working with a CFO?

CFO Selections

As a business owner, you may find yourself in a conversation with your banking relationship manager who will suggest you talk to a Consulting CFO or introduce you to one of our partners at CFO Selections. You likely already know that a relationship manager sees themself as an advisory partner to your business and, therefore, wants you to succeed. However, it might not always be clear what they are looking for in working with a consulting CFO or why they are sending you in our direction.

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Tower's plan for first Indian chip foundry likely to get nod today

CFO News

Tower's Indian chip foundry project is pegged at $9-10 billion, of which 50% will be subsidised by the Centre under the Indian Semiconductor Mission (ISM). States provide an additional 15-25% subsidy.

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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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Project Titan(ic)

Essentials of Corporate Finance

In 2014, Apple was rumored to have approved Project Titan, Apple's development of an electric car. In 2015, Apple formally introduced the new project. At its height in 2018, Project Titan employed 5,000 people. Now, nearly a decade later after it started, Apple announced that it is shutting down Project Titan, the option to abandon. With shrinking demand for electric cars, Apple must have believed that spending more money on the new car isn't worth the payoff, even though Apple has probably alre

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India's economic growth expected to slip below 7% in Oct-Dec quarter

CFO News

India's Q3 economic growth slipped below 7% due to weak manufacturing sector and mixed consumption growth. Despite slower growth, India is expected to be one of the fastest-growing economies with estimated growth of 7.3% in the current fiscal year.

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At the Money: Woke Investing vs. Values-Based Investing

Barry Ritholtz

 At the Money: Woke Investing vs. Values-Based Investing Meir Statman, February 28, 2024  There’s been criticism of what some call “Woke Investing.” But “Value-based investing” is more politically agnostic than its critics realize. Used by Pro-life investors like the Catholic Church, it aligns capital with deeply held beliefs – be they left or right.

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Reliance Industries in talks to bring British fashion retailer Primark to India

CFO News

Primark has been a successful value-priced retailer and its global revenue has exploded in the last few years, aside from two Covid-hit years. Average prices are even cheaper than retailers such as H&M and Uniqlo. While China is the largest source country for Primark, India is second in the number of small to large factories that supply the company.

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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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User complaints spiked at Paytm Payments Bank even before RBI action

CFO News

During FY23, Paytm Payments Bank reported 66,751 complaints across multiple categories, two-and-a-half times more from the previous year when 26,692 complaints were reported. An analysis of the data shows that internet and mobile banking-related complaints stood at 39,000 in FY23.

Banking 52
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Indian economy remains resilient, says NCAER report

CFO News

PMI for manufacturing activity accelerated to 56.5 in January from 54.9 in December 2023, reflecting an expansionary momentum while PMI for services went up to 61.8 in January from 59 in December 2023, it added. "The markers for the month like PMI and GST collections point to a resilient macroeconomic environment.

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Vedanta Group eyes $6bn EBITDA in FY25, reiterates guidance on operational, profitability targets

CFO News

Vedanta Group aims for USD 6 billion pre-tax profits next year, scaling to USD 7-7.5 billion. The demerger creates independent verticals, attracts various investors, and unlocks potential value for growth and alignment with customers and end markets.

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Sebi’s confirmatory order against Brightcom Group bars CMD from holding directorial role

CFO News

The regulator has modified its directive against chief financial officer Narayan Raju by restraining him from holding the position of a director or a key managerial person only in Brightcom Group and its subsidiaries.

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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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Ease Of Doing Biz: Sebi proposes easing additional disclosure requirements for FPIs

CFO News

Sebi proposes to exempt enhanced reporting requirements for some funds with concentrated holdings in entities with no identified promoter group, where there is no risk of breach of minimum public shareholding (MPS). The other proposal is to exempt Category-I University Funds and University-related Endowments FPI that meet certain objective criteria from the requirement of enhanced disclosures.

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Banks to disclose climate change strategy by FY26

CFO News

The draft disclosure framework on climate-related financial risks was released by the central bank on Wednesday. The framework includes definitions for key terms related to climate-related financial risks and is applicable to various financial institutions, including scheduled commercial banks, urban cooperative banks, financial institutions, and non-banking financial companies.

Banking 52
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RBI tweaks norms related to Regulatory Sandbox scheme

CFO News

Reserve Bank of India revised the guidelines for the Regulatory Sandbox (RS) scheme, requiring participating entities to adhere to digital personal data protection standards. The Regulatory Sandbox typically involves the live testing of novel products or services within a controlled regulatory environment, wherein regulators may grant specific relaxations for the sole purpose of testing, subject to certain conditions.

Banking 52
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New lending landscape: Fintech powers banks to storm NBFC bastion

CFO News

The lending landscape in India is undergoing a change with the spread of digitisation and the advent of fintechs. In the past, banks were hobbled by the lack of infrastructure and costs involved in expanding their geographic footprint into the hinterland. But fintechs and advancements in technology enabled banks to extend their reach without significant inflation in fixed costs.

Banking 52
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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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GIFT City taps RBI for RTGS-like dollar payment system

CFO News

Among the proposals currently being discussed was the establishment of a single 'settlement bank' in GIFT City, with which other entities would have dollar balances. Subsequently, debits & credits would be conducted through the settlement bank, sources said.

Banking 52
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Preference for locally made goods to support mfg sector achieve 25% of the GDP of $30 trillion economy: Goyal

CFO News

Piyush Goyal, India's Minister of Commerce and Industry, emphasized the potential for India to become a global manufacturing powerhouse by focusing on exports and promoting locally made goods. He urged stakeholders to support the manufacturing sector, stating it could contribute 25% to the GDP of a $30 trillion economy in 2027.