Tue.Nov 05, 2024

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ADM reveals more accounting errors, cancels earnings call

CFO Dive

The global grain trader’s accounting practices and internal controls have been under scrutiny since January when it revealed an internal probe was underway.

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Yousef Khalawi Of AlBaraka Forum On Growth Of Islamic Finance

Global Finance

Global Finance spoke with Yousef Khalawi, secretary general of the AlBaraka Forum for Islamic Economy, about the role of Islamic finance and economics as a holistic and sustainable framework for all economies. Global Finance: Against a backdrop of rising debt, geopolitical and economic instability, how is the role of Islamic finance evolving to address emerging global challenges?

Finance 116
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Trending Sources

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ServiceNow CFO eyes AI agents following robust Q3

CFO Dive

The SaaS provider is looking to bring AI agents to its customer and IT service segments after reporting $2.7 billion in subscription revenues, driven largely by AI adoption, its CFO said.

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CBDT allows tax officials to waive or reduce interest due from assessee

CFO News

​The Act also empowers Principal Chief Commissioner (PrCCIT) or Chief Commissioner (CCIT) or Principal Commissioner (PrCIT) or Commissioner rank officers to reduce or waive the amount interest due to be paid.

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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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28% of workers fear AI will diminish or replace their role: survey

CFO Dive

It’s a stressful time for workers, who also report challenges such as increased burnout and declining mental health, Grant Thornton found.

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More Trending

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Gauge of future hiring holds steady despite weak October payroll growth

CFO Dive

Most components in the Employment Trends Index improved last month, including the share of involuntary part-time workers, the Conference Board said.

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Digital Edge Singapore publishes first green finance framework

Future CFO

Data center platform company Digital Edge (Singapore) Holdings Pte. Ltd. published its first Green Finance Framework , laying out guidelines for securing green financing to fund data center projects. Such projects aim to deliver positive environmental outcomes and are aligned with the company’s broader ESG goals , including the company's target to be a carbon neutral platform by 2030, according to a press release.

Finance 52
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Interview with C.S. Setty, Chairman of State Bank of India

Global Finance

Global Finance speaks to C.S. Setty, Chairman of State Bank of India (SBI) The interview looks at SBI’s growth trajectory, particularly emphasizing digital transformation, financial inclusion, and global reach. Under Setty’s leadership, SBI is positioning itself as more than just a domestic banking giant. With India poised for robust economic growth, Setty sees an opportunity for SBI to further support India’s expanding middle class, empower small businesses, and lead digital b

Banking 52
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Amprius Technologies: Overcoming Market Misconceptions with CFO Wallach

CFO Thought Leader

Inside The Mentoring Round, CFO Sandra Wallach of Amprius Technologies shares her proactive approach to staying closely connected with customers and sales teams through weekly revenue calls. She discusses overcoming misconceptions about Amprius, emphasizing their established experience in the aviation battery market and their unique capabilities. Sandra also reflects on her personal drive to take on challenging assignments where she can make an immediate impact.

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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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#FASuccess Ep 410: Delivering Financial Planning Profitably To Every Client With A Focus On Accountability Over ‘Just’ Meetings, With Emily Biehler

Nerd's Eye View

Welcome everyone! Welcome to the 410th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Emily Biehler. Emily is the co-founder of TrailWise Financial Partners, an RIA based in Golden, Colorado, that oversees approximately $80 million in assets under management for 200 client households. What's unique about Emily, though, is how her firm ensures every client can be served profitably through a combination of a complexity-based minimum fee arrangement, coupled with

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CFO hiring surges as India Inc ramps up financial leadership amid IPO boom and growth challenges

CFO News

India's corporate sector is driving strong demand for CFOs, fuelled by IPOs, market volatility, and the need for strategic financial leadership. Startups and established firms alike seek CFOs to navigate complex financial challenges, while shorter tenures reflect evolving career dynamics.

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Election 2024: Harris, Trump present ‘diametrically opposed’ impacts on ESG

CFO Dive

“A Harris administration would be more favorable for the interests of ESG investors whereas a Trump administration would be antagonistic,” according to Morningstar Indexes’ head of strategy.

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India’s Services PMI rises to 58.5 in October, job creation sees improvement

CFO News

India’s Services PMI rose to 58.5 in October, at the back of robust growth in output, demand, and job creation, according to S&P Global. Higher costs from rising wages and food prices led to increased selling charges. Strong sales and export demand contributed to the upturn, with Finance and Insurance showing the strongest growth once again.

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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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Who’s Gonna Win?

Barry Ritholtz

Over the past few weeks, clients, reporters, friends, and family have frequently asked this. Who’s Gonna Win? is a loaded question for anyone. We all live in our happy little bias bubbles. I work in NYC, a Democratic stronghold, but I also live in Nassau County, which leans GOP. Any strong opinion as to the outcome is a mix of selective perception, bias, and wishful thinking.

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India’s festive sales growth halves this season amid mixed demand trends

CFO News

Retail sales, estimated by the Confederation of All India Traders (CAIT), hit Rs 4.25 trillion, representing a 13.3% growth, which remains strong but is markedly slower than the 36.4% growth recorded in 2023.

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Stress building again six years after India’s shadow-banking sector blew up

CFO News

India's shadow-banking sector is showing signs of stress six years after its last crisis. Major lenders like Bajaj Finance and Shriram Finance reported increased delinquencies on unsecured loans, leading to higher provisions and lower profits. The Reserve Bank of India has expressed concern over the 'growth-at-any-cost approach' of some lenders and has already taken action against a few.

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Tax officers detect Rs 25K cr GST evasion by 18,000 bogus firms

CFO News

Tax authorities have uncovered approximately 18,000 fraudulent companies registered under GST, resulting in an estimated tax evasion of Rs 25,000 crore. These fictitious entities were identified during a nationwide crackdown on fake GST registrations, with voluntary payments of Rs 70 crore collected during the operation.

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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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Businesses with turnover over Rs 10 cr cannot report e-invoices older than 30 days from April 1, 2025

CFO News

Starting April 1, 2025, businesses with an annual turnover exceeding ₹10 crore will face a 30-day limit for reporting e-invoices on the GST system. This change aims to prevent late tax payments and streamline the tax ecosystem. Previously, this restriction only applied to businesses with turnovers exceeding ₹100 crore.

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Virtual hearings must for CESTAT appeals

CFO News

​​Exceptions to physical hearings will be allowed only upon specific requests from the party concerned, with the adjudicating authority documenting reasons in writing, said a directive issued by the CBIC on Tuesday evening.

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Shriram General Insurance plans to re-enter crop insurance biz

CFO News

In a statement on Tuesday, the company reported its financial performance for the July-September 2024 quarter, stating it achieved a 15 per cent year-on-year increase in Gross Written Premium (GWP), rising to Rs 861 crore from Rs 750 crore in the same quarter of the previous financial year.

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Around 78% of startups offer ESOPs in 2024, a rise from 59% in 2021: Survey

CFO News

According to a survey conducted by Saison Capital, XA Network, and Carta, employee stock option plans (ESOPs) are gaining traction among startups, with 78% providing them in 2024, a rise from 59% in 2021. The survey further revealed that 90% of founders now discuss these options during interviews. However, many founders still lack a deep understanding of ESOPs' complexities.

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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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Fundraise through commercial papers falls after RBI warning

CFO News

Market borrowing by Indian companies for their short-term needs fell in the first half of October from a month earlier, show latest data, likely due to non-banking finance companies slowing down activities with the central bank raising concerns about certain business practices.

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Hinduja Group needs DPIIT nod, too, for Reliance Capital buy

CFO News

The Hinduja Group got approval from the Reserve Bank of India to buy Reliance Capital. The deal still needs a green light from the Department for Promotion of Industry and Internal Trade. The Hinduja Group secured funding for the acquisition. The group raised ₹3,000 crore by issuing debentures and planned to raise another ₹4,300 crore.

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Facor Alloys Dy CFO Vijay Vashisth resigns

CFO News

Vijay Vashisth stepped down from his position stating personal reasons, as quoted by the company in a regulatory filing to BSE. Vashisth joined the company in May 2010 and has resigned after serving for more than 14 years.

CFO 40
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SMIFS Capital Markets CFO Shreemanta Banerjee resigns

CFO News

Shreemanta Banerjee stepped down from his position in order to pursue other career opportunities, as stated by the company in a regulatory filing to BSE. Banerjee joined the company in August of 2014 and resigned from his position after serving for more than 10 years.

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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.