Tue.Jul 09, 2024

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Boeing would become a felon under DOJ plea deal

CFO Dive

The aerospace and defense giant would plead guilty to one criminal count, pay a $244 million fine and operate under an oversight monitor for three years.

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It’s Only a Point…

Barry Ritholtz

A quick break from book duty and doing our quarterly client call to share this fascinating discussion from tennis great Roger Federer: “In the 1,526 singles matches I played in my career, I won almost 80% of those matches… What percentage of the POINTS do you think I won in those matches? Only 54%.” -Roger Federer This is one of those great commencement addresses that will only gain stature over time.

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Trending Sources

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Powell spotlights risks to jobs, wants more gains against inflation

CFO Dive

The job market in recent months has shown signs of returning to its pre-pandemic trend, with demand for labor easing and unemployment rising to 4.1% in June.

Marketing 277
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#FASuccess Ep 393: Taking The Risk Of A Multi-Million-Dollar Succession Loan To Make The Business What You Want It To Be, With Alex Lewis

Nerd's Eye View

Welcome everyone! Welcome to the 393rd episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Alex Lewis. Alex is the owner of Blackbridge Financial, a hybrid advisory firm based in Irmo, South Carolina, that oversees approximately $330 million in assets under management for 415 client households. What's unique about Alex, though, is how, at age 29, he took on a multi-million-dollar loan to purchase the firm from its founder as his successor, and, in the 4 years since,

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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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Naked Wines replaces SVB credit facility as CFO exits

CFO Dive

The subscription-based retailer’s $60 million new credit facility with PNC Bank will be secured by its global wine assets.

CFO 274

More Trending

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How CFOs can leverage AI in spend management

CFO Dive

AI can sift through tons of data in seconds, streamlining tax calculations in the employee expense process, among other benefits, writes SAP Concur’s Chris Juneau.

Leverage 264
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FCF Healthcare & Life Sciences Venture Capital Monitor – USA – 06/2024 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Healthcare & Life Sciences Venture Capital Monitor – USA – 06/2024”. The Monitor is a monthly published overview of venture capital trends in. Read more The post FCF Healthcare & Life Sciences Venture Capital Monitor – USA – 06/2024 published appeared first on FCF Fox Corporate Finance GmbH.

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Aligning finance, operations key for best tech practices: LogicSource

CFO Dive

To find the right technology solution, finance and operations first need to be aligned on the problem, LogicSource’s Jo Seed says.

Finance 246
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The Mentoring Round | Karen Williams, CFO, American Express Global Business travel

CFO Thought Leader

Inside the Mentoring Round, CFO Karen Williams of American Express Global Business Travel showcases a growth mindset, turning career hurdles into invaluable learning experiences. Her journey from networking struggles at Mars to recognizing its significance underscores the power of building essential professional relationships. Williams’s emphasis on “connecting the dots” to glean insights from past missteps sets the stage for future triumphs.

CFO 52
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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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My schedule … and what’s coming up

Tips Watch

By David Enna, Tipswatch.com Here we go again. Yes, I am traveling again for the next three weeks through the European Alps: Switzerland, France, Italy and Austria.

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FIVE Holdings appoints Kallol Kundu as new CFO

CFO News

In his new role, Kallol will succeed Jaydeep Anand, who will transition to the position of Chief Development Officer while retaining his responsibilities as Chief Sustainability Officer. As CFO of FIVE Holdings, Kallol will play a role in advancing the Group's digitalisation initiatives.

CFO 45
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ISCA launches new corporate governance initiative

Future CFO

The Institute of Singapore Chartered Accountants launched its new "Do Good" initiative for corporate governance among Trade Associations and Chambers (TACs) and charity boards. The new project seeks to support the boards and councils of more than 2,000 registered charities and 300 TACs, with potential cost-savings of S$15 million. Teo Ser Luck Under the initiative, ISCA and SAC Capital will subsidise 50% of the Board of Directors Masterclass programme for TACs and charity boards to enhance their

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Geojit Financial Services CFO Mini Nair supports SEBI's 'True to Label' pricing rules, sees challenges for discount brokers

CFO News

Nair said new SEBI regulations enhance transparency and customer protection while noting their minimal impact on Geojit's business model.

CFO 45
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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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EU Companies Bet Big On Egypt’s Future

Global Finance

Can a new wave of FDI help Egypt to diversify and modernize its economy? At a bilateral investment conference in Cairo on July 1, European Commission President Ursula von der Leyen announced that European companies were signing deals for more than $43 billion with Egyptian companies “ranging from hydrogen to water management, from construction to chemicals, from shipping to aviation and to automotive.

Economics 116
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Budget 2024-25 eyes GST reforms, boost for renewable energy

CFO News

Recommendations by NSEFI include maintaining the exemption from basic customs duty on imports of key renewable energy components such as wafer, ingots, and polysilicon.

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Reliance, Tata, Maruti & others rally veterans to now defend the giants' next growth phase

CFO News

Indian companies, including Reliance Industries and Tata Group, are leveraging the talent of ex-service personnel for their unique skills and capabilities. With a focus on fitness, discipline, crisis management, and execution rigour, these veterans are filling skill gaps in various sectors such as logistics, engineering, and administration.

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Budget 2024: Govt may relax 45-day payment rule for MSMEs

CFO News

The government is considering relaxing the 45-day payment requirement to MSMEs to prevent large corporations from seeking other sourcing options. This potential change to Section 43B(h) of the Income Tax Act might be announced in the upcoming Budget on July 23. Last year's Budget introduced this clause to ensure timely payments to MSMEs, penalizing larger companies for delays by disallowing tax deductions on unpaid expenses.

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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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Insolvency law fosters healthy credit culture: NFRA chief Pandey

CFO News

On Tuesday, Ajay Bhushan Prasad Pandey, chairman of the National Financial Reporting Authority (NFRA), emphasized the importance of insolvency law for a healthy credit culture and its role in unlocking capital from unviable businesses for productive use through the resolution of bankrupt firms' stress. He highlighted that the Insolvency and Bankruptcy Code (IBC) has a significant role in strengthening the economy beyond just enabling lenders to recover dues from corporate debtors.

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PLI booster: Telecom equipment manufacturing sales cross Rs 50,000 crore

CFO News

The telecom equipment manufacturing sales have crossed Rs 50,000 crore under the production-linked incentive (PLI) scheme, creating more than 17,800 direct jobs and many more indirect jobs, the government said on Wednesday.

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Finance Commission sets up advisory panel

CFO News

The 16th Finance Commission has set up a five-member advisory council comprising economists D K Srivastava, Neelkanth Mishra, Poonam Gupta, Pranjul Bhandari and Rahul Bajoria.

Finance 40
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FSSAI cancels manufacturing licences of 111 spice producers across India

CFO News

Food Standards Agency had issued alerts for ethylene oxide in Indian spices before January 2023. FSSAI confirmed the safety of popular brands MDH and Everest, with no presence of the chemical in tested samples, ensuring consumer confidence in these products.

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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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CFOs must embrace transparency, auditors discern regulatory intent: RBI DG Swaminathan

CFO News

CFOs have the key levers of financial strength in one place, probably next only to the CEO while bank’s Statutory Auditors being most critical line of assurance for a Regulator, remarked RBI DG. At the RBI Conference, Swaminathan J underlines the role and expectations of CFOs and Auditors.

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Governance: The Pillar of Startup Success

CFO News

In this insightful article, Sandip Khetan and Sagar Lakhani of Uniqus Consultech delve into the indispensable role of governance in fostering trust, transparency, and long-term success within India's dynamic startup ecosystem.

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Auditor's role must transcend from verification to assessing material risks: RBI DG Rao

CFO News

RBI’s Deputy Governor M Rajeshwar Rao said that the role of auditor must transcend from just verifying financial statements to holistically assess material risks being posed by the business operations and business model being pursued by the entity.

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Cognizant CFO Jatin Dalal settles lawsuit with Wipro; pays Rs 4 crore in settlement

CFO News

CFO: Cognizant has also announced the resolution of the lawsuit involving former Wipro senior vice president Mohammad Haque.

CFO 40
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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.