Thu.Nov 16, 2023

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Next-gen CFOs: Forging a new path

CFO Dive

The finance chief has long been more than a routine number-cruncher. For Gen Z, the route to the CFO chair will likely better reflect the role’s complexity.

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Revisiting Greedflation

Barry Ritholtz

Over at Alphaville , Robin Wigglesworth looks at whether ‘Greedflation’ (aka price-gouging) meaningfully contributed to Eurozone inflation. Specifically, Bank of England research suggests that while they “find no evidence of a rise in overall profits in the UK” they did notice that “companies in the oil, gas and mining sectors have bucked the trend” with “some companies… much more profitable than others.”1 I was pretty skeptical about Greedflation initia

Economics 143
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Trending Sources

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Johnson & Johnson CFO: Pandemic lesson drove $40B deal’s fast pace

CFO Dive

COVID-19 taught J&J’s finance chief the value of “speed and agility” in business, Joseph Wolk said at the MIT Sloan CFO Summit.

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Time for “Finance” has arrived

CFO News

In this insightful opinion piece, Robin Banerjee emphasizes the growing demand for finance professionals in India amid a booming economy. With the country poised for significant financial growth, Banerjee highlights the crucial role CFOs and finance teams play in orchestrating success in various sectors.

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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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Palo Alto revenue surges amid ‘unprecedented’ cyberthreats

CFO Dive

Escalating cyberthreats and related regulatory pressures are keeping customer demand high, the company’s CEO said.

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More Trending

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Hindustan Oil Exploration Company appoints Sivalai Senthilnathan as CFO

CFO News

Senthilnathan posesesses over 27 years of diverse experience in finance and accounting across multiple sectors. He has previously held the positions of CFO in several listed companies.

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The best financial planning and analysis software by the end of 2023

Spreadym

The best Financial Planning and Analysis (FP&A) software typically offers a range of features designed to help organizations effectively manage their financial performance. The best features of FP&A software often include: Budgeting and Forecasting: These features allow organizations to create detailed budgets, forecasts, and financial plans.

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Subrata Roy’s unregulated finance empire

CFO News

The investment scheme of Sahara Group owned by Subrata Roy was basically a chit fund that had millions of investors from all over India. Roy, who started with the small investment schemes, went on to own airlines, hotels and a cricket team. He passed away this week due to a prolonged illness. Whether the taxi driver will get his money back or not, we don't know.

Finance 59
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The AI Revolution: Transforming CFOs Roles in Middle-Market and Private Equity Backed Firms

E78 Partners

The impact of artificial intelligence (AI) on private equity firms and middle-market companies is multifaceted and gaining momentum. According to Private Equity Wire and ontra’s report , Transformation Track: Private equity’s journey to a tech-powered future , 66% of private equity firms consider AI and machine learning essential tools. However, only 7% have adopted these technologies so far.

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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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Monte Carlo CFO anticipates demand rebound in Q4

CFO News

RK Sharma sees flat to single-digit growth this year compared to over 23% last year as retail demand was slow in H1FY24.

CFO 59
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How finance leaders must approach climate crises

Future CFO

Organisations seek new ways to cope with record temperatures and extreme weather as the numerous climate crises continuously become industry disruptors. According to PricewaterhouseCoopers International , relatively few companies recognise what it really means to do business in a way that minimises environmental harm, let alone how the transition may unlock enormous growth opportunities.

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What Co-founder tag means to Yulu CFO Anuj Tewari

CFO News

Every employee in Start-up is part of the founding team and has to contribute with the same passion and sense of ownership – the title is just a formalization of the same, says the co-founder CFO.

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Data analytics as a game-changer in accounting

Future CFO

Accountants nowadays are expected to adapt and acquire new skills to stay ahead of the curve as the business environment rapidly changes. Among these skills is data analytics, which when mastered, can make a significant impact on an accountant’s career trajectory and professional growth. Data analytics has become a crucial skill for accountants as it enables them to provide valuable insights to clients, drive efficiencies, and enhance risk management.

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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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RBI tightens norms for consumer loans amid rise in unsecured lending

CFO News

The Reserve Bank of India has increased risk weights for consumer credit exposure in commercial banks, including personal loans, by 25 percentage points to 125%. This comes after warning about the risks of surging personal loans. Unsecured loans have been an outlier at 23%, compared to an average of 12%-14%. This has led to record borrowing and household savings dropping to multi-year lows.

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In Memory of Pat Lang

Focus CFO

It is with great deep sadness that we share that our friend and colleague, Pat Lang, passed away on November 13, 2023, at the age of 60.

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Adani Unit, ArcelorMittal, JSW in race to buy Vadraj Cement

CFO News

The Bombay High Court had, in August 2018, ordered the winding up of Vadraj Cement after a trade creditor, Beumer Technology India, dragged it to the court for recovery of dues.

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Consumers plan to spend less as cost-of-living hits home

Future CFO

Consumers plan to spend less due to rising cost of living and concerns about climate change, said EY recently. While 94% of consumer respondents globally remain concerned about the cost of living, almost 89% are also concerned about climate change, according to the 13th edition of the EY Future Consumer Index (FCI), which surveyed more than 22,000 consumers across 28 countries.

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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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Govt writes to Hindustan Zinc, says company needs its nod for creating separate biz entities

CFO News

HZL's board in a September 29 meeting asked the company to explore a corporate restructuring to create three separate legal entities for zinc and lead, silver, and recycling business to unlock shareholder value. The government has a 29.54% stake in HZL that is 64.92% owned by Anil Agarwal-controlled Vedanta Ltd.

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The Mentoring Round | Frank Teruel, CFO, Arkose Labs

CFO Thought Leader

Inside The Mentoring Round CFO Frank Teruel shares some unique perspective on the CFO experience, while explaining his passion for teaching. Teruel’s stated goal to better understand human behavior is reflected by his book recommendations. 951: Tomorrow’s Lessons, Today | Frank Teruel, CFO, Arkose Labs The post The Mentoring Round | Frank Teruel, CFO, Arkose Labs appeared first on CFO THOUGHT LEADER, CFO, Finance, Leadership, CPA.

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RBI gives approval to appoint Isha Ambani, two others as directors of Jio Financial

CFO News

Jio Financial Services on Thursday said the Reserve Bank has granted prior approval to appoint Isha Mukesh Ambani and two others as directors of the Reliance Industries' NBFC firm. "We wish to inform you that the RBI vide letter dated November 15, 2023, has accorded its approval for the appointment of Isha Mukesh Ambani, Anshuman Thakur and Hitesh Kumar Sethia as directors of the company," Jio Financial said in a regulatory filing.

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10 Thursday AM Reads

Barry Ritholtz

My morning train WFH reads: • Anger Is What’s Driving the US Economy : A deep-seated resentment about a “rigged” system has been simmering since long before the pandemic and continues to affect consumer attitudes. ( Bloomberg ). • Stocks for the Long Run? Sometimes Yes, Sometimes No. new historical record shows that over multi-decade periods, sometimes stocks outperformed bonds, sometimes bonds outperformed stocks and sometimes they performed about the same.

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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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Expect it to be business as usual in India and life will go on with Modi in charge: Mark Mobius

CFO News

“We are seeing the likes of Starbucks and other fast food organizations coming into India because they realize that Indians now have the money to consume these services. It is best to look at the higher end spectrum in the food sector, and particularly in those food sectors that are using technology for service, whether it be delivery, whether it be services within restaurants, et cetera.

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Mahindra Finance on track to double book by the end of FY25 but we are not in a hurry: Vivek Karve

CFO News

“While FMCG companies have been experiencing a subdued demand environment, NBFCs have been growing quite consistently and MMFSL is not an exception. All NBFCs have reported very robust disbursement growth and therefore, the AUM growth as well. If the tide is turning and the rural incomes are showing a definite upturn, it continues to augur well for even the NBFC sector.

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Power to issue clarifications on goods classification vests with CBITC only, says Delhi HC

CFO News

​The tax research unit had classified polypropylene woven and non-woven bags including those laminated with biaxially oriented polypropylene under chapter 39 of customs tariff law, which deals with plastics and articles thereof, thus a higher duty at 15% rate was to be levied.

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Govt slashes windfall tax on crude oil, diesel

CFO News

The tax, levied in the form of Special Additional Excise Duty or SAED, on domestically produced crude oil was increased to INR 9,800 per tonne from INR 9,050 a tonne, according to an official notification on October 31 with effect from November 1. Further, the SAED on the export of diesel was reduced to INR 2 per litre from INR 4 a litre.

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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.