Mon.Feb 12, 2024

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Valuation demystified: The art and science of discounted cash flow

Cube Software

What is discounted cash flow? Simply put, discounted cash flow determines the attractiveness of an investment. It shows the net present value of future cash flows to assess the investment's worth today.

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Auditors should follow tougher standards for identifying fraud: IAASB

CFO Dive

A proposal for stricter rules by the global standard setter for corporate audits follows what it says is a rash in fraud cases in recent years.

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The Importance Of Employee Appreciation (Going Beyond Just Recognition) For Advisory Team Satisfaction And Retention

Nerd's Eye View

While there is a plethora of ways that financial advisory firm owners can build and run their practices (from service models to specialties to fee structures and beyond), one of the most complex activities shared by many growing firms are those that involve hiring, training, managing, and retaining employees. And with the increasing shift to remote and hybrid work in recent years, these skills have become even more important.

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HPE seeks to recoup $4B in long-running fraud case

CFO Dive

Hewlett Packard Enterprise attorneys want the founder and ex-CFO of Autonomy to pay for the steep losses HPE faced after acquiring their firm.

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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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Overcoming the global slowdown with a super app strategy

Future CFO

Singapore-headquartered technology firm Grab Holdings Limited has set the bar high for corporate response to the COVID-19 pandemic. Its swift move to diversify its services cushioned the impact of the unprecedented health crisis on its ride-hailing business. The transportation sector was one of the worst hit by the pandemic. As mobility ground to a halt amid lockdowns and other restrictions in 2020, Grab quickly accelerated its shift from ride-hailing services to deliveries to meet increased dem

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India's retail inflation moderates to 5.10 per cent in January

CFO News

India's retail inflation has eased to 5.10% on an annual basis, according to data released by the Ministry of Statistics & Programme Implementation. This is a decline from December's four-month high of 5.69%. A Reuters poll had predicted a three-month low of 5.09%. The inflation rate remains within the Reserve Bank of India's tolerance band of 2-6%.

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PayPal cost-cutting likely to persist

CFO Dive

The digital payments pioneer’s expense reductions may take years to benefit the company’s bottom line as management resets the business strategy.

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CFOs adapt to face a more complex reality

Future CFO

Asia-Pacific has been a dynamic spark in a global economy hit by persistent inflationary pressures. The International Monetary Fund expects the region to contribute around two-thirds of this year's global growth. That said, various external and domestic factors weigh on the economic outlook. Amid this complexity, businesses are likely to look to the CFO as a source of information and insight.

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Innovative asset management category provides new opportunity for top companies

CFO Dive

A new asset management category – called remnant asset monetization – can add value to your company, potentially well into the millions of dollars or more. In fact, this groundbreaking new category is a $100+ Billion previously untapped market.

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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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CFOs project higher AI budgets in 2024, Gartner says

Future CFO

Chief financial officers are projecting higher budget for artificial intelligence in 2024, forcing conversations on AI ambition and policies, according to a survey by Gartner. The 2024 Budget Priorities for CFOs report revealed that technology is the top of the list for increased budgets in 2024, with 82% of CFOs planning to spend more than they did in 2023.

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Layoffs in a Globalized World: What Lies Ahead for India's Economy?

CFO News

Deepak Narayanan, CEO of Practus, delves into the looming threat of global layoffs and its impact on India's economy, urging proactive measures for resilience.

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The Mentoring Round | Alejandro Castro, CFO, ONX

CFO Thought Leader

973: Cultivating Relationships, Spearheading Change | Alejandro Castro, CFO, Onx The post The Mentoring Round | Alejandro Castro, CFO, ONX appeared first on CFO THOUGHT LEADER, CFO, Finance, Leadership, CPA.

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British American Tobacco looks to raise $2.5 billion by trimming 4% stake in ITC, ropes in Wall St banks

CFO News

BAT has 29.03% holding in the cigarette-to-chips conglomerate, as per December 2023 disclosures. Based on Monday’s closing price, BAT’s shareholding is valued at Rs 1.47 lakh crore ($17.75 billion). ITC’s total market capitalisation amounted to Rs 5.07 lakh crore ($61.17 billion). BAT sells cigarettes under brands such as Dunhill, Kent and Lucky Strike.

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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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973: Cultivating Relationships, Spearheading Change | Alejandro Castro, CFO, Onx

CFO Thought Leader

It was during a 9-year tenure at food giant ConAgra Brands that Alejandro Castro became involved in a companywide initiative that would forever alter his approach to leadership and strategic thinking. Born and raised in Mexico, Castro had begun his professional voyage at Price Waterhouse, where he launched a public accounting career from the accounting house’s Mexico City office.

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Headcount at IT biggies falls for four quarters

CFO News

Compared with a year earlier, the staff count at these companies - Tata Consultancy Services, Infosys, Wipro, HCLTech, LTI Mindtree, L&T Technology Services, Tech Mahindra and Cognizant's India business - were down by 75,000, the sharpest fall in at least six years.

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Improved financing could save US$50 trillion as the world decarbonises

Future CFO

Deloitte’s Financing the Green Energy Transition report found that new cost-reducing finance instruments can help de-risk green projects in developing economies while making investing in these projects more attractive, helping to fuel a global just energy transition. Achieving net-zero greenhouse gas emissions by 2050 will require an annual global investment in the energy sector ranging from US$5 trillion to US$7 trillion.

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Tata Digital explores operational integration

CFO News

Additionally, Tata Digital plans to consolidate its various standalone apps such as BigBasket, 1mg, and Tata Cliq, under the Tata Neu app to increase consumer engagement, boost Tata Neu app utilisation, and enhance operational efficiencies. The flagship digital asset, BigBasket, is also looking to raise up to $100 million in funding from parent Tata Sons.

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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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Transcript: David Einhorn, Greenlight Capital

Barry Ritholtz

 The transcript from this week’s, MiB: David Einhorn, Greenlight Capital , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ This is Masters in business with Barry Ritholtz on Bloomberg Radio.

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India's weightage climbs to record high on MSCI Global Standard index

CFO News

The climb can be attributed to India's standardized foreign ownership limit (FOL) in 2020, the sustained rally in domestic equities and relative underperformance of other emerging markets, especially China, Nuvama Alternative & Quantitative Research said in a note.

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Burmans write to RBI, asks Central Bank to intervene on open offer as Religare takeover tussle intensifies

CFO News

REL led by chairperson Rashmi Saluja has sought to obstruct the applications that need to be sent to the regulators for changes in shareholding, control and management of REL, said the letter by the Burmans, promoters of the Dabur Group. The action by the REL management “impedes the ability of regulatory authorities to perform their obligations,” the Burmans said in the letter, a copy of which ET has seen.

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Unemployment rate declines to 6.5% in Q3FY24; female labour force participation rises to 25%: MoSPI

CFO News

The unemployment rate in urban areas was lower than the previous month's level of 6.6%. However, the decline in unemployment was driven by the male unemployment rate, as female unemployment levels were steady from the previous quarter.

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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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Hardly any room for review of action taken against Paytm Payments Bank: RBI Guv Das

CFO News

Reserve Bank of India (RBI) Governor Shaktikanta Das stated that there is "hardly any room for review" regarding the action taken against Paytm Payments Bank, emphasizing that the RBI acts after a comprehensive assessment. Paytm Payments Bank faced restrictions due to persistent non-compliance. Governor Das mentioned that RBI will issue FAQs on the Paytm matter and affirmed the central bank's focus on bilateral engagement with regulated entities for corrective actions.

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Paytm Payments Bank's director has resigned, company confirms

CFO News

Indian fintech company Paytm has confirmed the resignation of an independent director from its banking subsidiary, Paytm Payments Bank. The director, Manju Agarwal, stepped down on February 1, citing personal commitments. The move comes in the wake of the Reserve Bank of India's directive for Paytm Payments Bank to wind down most of its operations.

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Ranjeet Kumar Agarwal takes over as ICAI President, Charanjot Singh Nanda as VP

CFO News

Agarwal succeeds Aniket Talati as ICAI President.

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IMF, World Bank warn Gaza war, Red Sea attacks imperil global economy

CFO News

The IMF and World Bank caution that the Israel-Hamas conflict and Red Sea attacks threaten global economy. The war's prolonged nature could worsen repercussions, especially on shipping through the Suez Canal. UN reports show a significant drop in traffic. IMF's Georgieva urges for peace, fearing broader consequences. Despite uncertainties, IMF remains optimistic about the global economy's trajectory.

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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.