CFO Dive

MARCH 27, 2024

The automaker will have to divert parts to other ports along the East Coast or elsewhere in the U.S., Ford’s finance chief said Tuesday.

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CFO News

MARCH 27, 2024

“There are a large number of unemployed CXOs in the startup ecosystem – many of them are currently jobless, because neither are they willing to take pay cuts nor are they able to land a job in a large company that find them overpriced,” said Mayank Kumar, cofounder of edtech major upGrad. “Inflated salary and CXO designations are the two main reasons coming in the way of getting them another job,” he added.

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CFO Dive

MARCH 27, 2024

The appointment comes after significant churn in the position and as the company looks to turn around slumping sales.

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Tips Watch

MARCH 27, 2024

Answer: Very well. By David Enna, Tipswatch.com I got a reader question this week about CUSIP 9128286N5, a 5-year Treasury Inflation-Protected Security that will mature on April 15, 2024.

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Treasury Investments Securities Banking 84

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

Investments

CFO Dive

MARCH 27, 2024

The restaurant chain’s blockbuster 2023 initial public offering was seen by some as a promising sign for the lackluster IPO market.

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CFO News

MARCH 27, 2024

The RBI has said that provisioning will be required only to the extent of the RE's investment in the AIF scheme that is further invested in the debtor company, rather than on the entire investment in the AIF scheme.

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Investments Banking 75

Future CFO

MARCH 27, 2024

Despite concerted efforts, the accountancy profession is struggling to attract and retain talent , and at the same time is facing declining number of entrants, a joint study by the Association of Chartered Certified Accountants and the Chartered Accountants Australia and New Zealand finds. Over half of the survey respondents for the study , which gathered insights from over 6,500 respondents, were Gen Y/Millennials aged 25-42, with 37% current auditors, 33% former auditors and the rest consideri

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Numbers Accounting Auditing Communication 52

CFO News

MARCH 27, 2024

More than 70% of the new products launched by India's largest consumer goods maker Hindustan Unilever in last two years were in the premium segment. Around 65% of all new personal care product launches were in the premium segment for ITC Ltd, doubling the contribution of such products to the division's sales in the last four years to 38%. For the largest biscuit maker Parle Products, around 60-65% of new launches were in the premium segment as compared to 40% pre-Covid.

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Sales 52

CFO Share

MARCH 27, 2024

Swimming the sea of financial metrics can often feel like drowning in alphabet soup. What is the difference between ROI and ROIC? Your expertise lies in innovation, customer engagement, and driving growth in your business; not memorizing financial jargon. Yet, understanding the financial underpinnings of your decisions is crucial for sustained success.

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Prioritization Investments Valuation Advertising 52

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.

Accounting

CFO News

MARCH 27, 2024

The government outlines an ambitious borrowing plan, aiming to secure Rs 7.50 lakh crore, over half its annual target for FY25, in the first half of the fiscal year, alongside strategic debt management measures.

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The Charity CFO

MARCH 27, 2024

QuickBooks is a popular accounting software used by businesses and individuals nationwide. As a nonprofit leader, you’ve probably heard of QuickBooks or may have even used it before. And you might be wondering if you can use QuickBooks for your nonprofit accounting. The answer is yes, QuickBooks Online can be configured for nonprofit use. Let’s dive into the benefits of using QuickBooks Online for your nonprofit and explore how to get the most out of the program.

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CFO News

MARCH 27, 2024

Razorpay, Cashfree, PayGlocal, and new entrants rush for RBI's PA-CB licence to tap into lucrative B2B cross-border payments market. Fintechs eye big share of $250B SME exports, focusing on high margins and expanding services.

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CFO News

MARCH 27, 2024

The forecast for FY24 GDP stood at 7.9%. "We expect GDP growth to track at around 7% in QE Mar-24 with GVA growth of 6.3% and thus F2024e GDP growth of 7.9%," the company said in its report.

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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.

Accounting

CFO News

MARCH 27, 2024

Indian lenders and Russia's Gazprombank are in early-stage discussions to establish correspondent banking services for cross-border payments and trade support. Gazprombank aims to expand its operations in India and has engaged with Indian bankers to explore strengthening banking ties. The talks come amid challenges in international trade due to US-led sanctions on Russia.

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Banking Compliance Currencies Accounting 52

CFO News

MARCH 27, 2024

Reliance Power's subsidiaries settled debt of Rs 1,023 crore with Reliance Commercial Finance, owned by Authum Investment. The debt settlement follows the sale of a wind power project in Maharashtra. Reliance Power aims to become debt-free by March 31, 2024, after selling assets to retire debts.

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CFO News

MARCH 27, 2024

Adani family invests Rs 6,661 crore in Ambuja Cement, increasing stake to 66.7%. The fund infusion will be instrumental in increasing the capacity to 140 million tonnes per annum by 2028.

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Investments 40

CFO News

MARCH 27, 2024

Wednesday's dates are for the next financial year, with meetings scheduled all the way till February, next year. The second meeting will be held from June 5-7 while the next meeting is scheduled between August 6-8.

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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.

Reconciliations

CFO News

MARCH 27, 2024

About 64% employees would readily accept a workload reduction for a commensurate pay cut, indicating that a majority of employees recognise the importance of a healthy work-life balance and are willing to prioritise it over financial gain. However, the study also shows that nearly 89 % of employees in India claim to be highly motivated by challenges and extra responsibility at work, while 76% believe that their work is more than just a ‘job’ to them and has a special meaning.

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CFO News

MARCH 27, 2024

Finance Minister Nirmala Sitharaman highlighted the increasing presence of women in startups and on company boards in India. Government schemes like Stand Up India and PM Mudra are empowering women entrepreneurs, with Swiggy recognizing and celebrating women's contributions to the F&B industry.

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CFO News

MARCH 27, 2024

Both bidders had increased their bids earlier this month after initial scrutiny by lenders, necessitating an extension to complete negotiations, people familiar with the process said. "The committee of creditors (CoC) will meet either this week or early next week to finalise the extension of the timeline since a few more days will be needed to scrutinise and finally decide on the bids that are currently on the table," said a person aware of the process.

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CFO News

MARCH 27, 2024

Shyam Srinivasan, MD & CEO of Federal Bank, projects 15-18% bank growth, emphasizes NIMs importance, foresees sustained deposit growth, and anticipates potential rate cuts in the future based on inflation outcomes. He says: "We have a reasonable presence now in the south. We are looking at increasing our presence in the west, in particular the bigger metros like Mumbai and adjacent cities.

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Banking 40

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

Sales