Thu.Apr 11, 2024

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Suspended ADM CFO’s pay ticked up in 2023 to $4.5M

CFO Dive

The majority of Vikram Luthar’s pay package for last year came from $3.4 million in stock awards, according to Archer Daniels Midland’s proxy filing.

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A Short History of Stocks

Barry Ritholtz

Confused about where we are today? A favorite exercise is to go back to first principles to consider how we got to where we are. (That is a favorite way to find fresh insights). On the equity side, you have to go back a century or so. Equities were considered speculative endeavors, best suited for gamblers and punters. The exceptions? A handful of “Widows & Orphan” stocks, like Ma Bell, some railroads, utilities and the rare bank that was not suffering regular runs.

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Trending Sources

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Tech vendor Docyt adds voice feature to AI-driven accounting tool

CFO Dive

Docyt is among the software vendors racing to capitalize on recent advancements in AI. Many of them are zeroing in on the corporate finance market.

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India Inc, CFOs and Gen AI

CFO News

Global consultancy firm Mckinsey has identified three areas where the Gen AI can have an impact on finance functions. First is automation, second is augmentation and third is acceleration.

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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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Lack of uniform standards and disclosures a roadblock to scaling transition finance: report

CFO Dive

A lack of standardized definitions, metrics and transition finance instruments endorsed by international organizations threatens broader adoption, the CFA Institute said.

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More Trending

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CFOs mull future benefits for AI in tax: insightsoftware

CFO Dive

When it comes to bringing AI into tax, it remains a bit of a “wait and see” for finance chiefs, said insightsoftware’s Josh Schauer.

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GenAI in finance: transforming businesses

Future CFO

Chris Ortega , CEO, Fresh FP&A and Pras Chatterjee , Senior Director Product Marketing, Planning & Analysis at SAP discuss the impact of generative artificial intelligence on Financial Planning and Analysis (FP&A). In this video, they delve into how this technology is revolutionising finance teams , empowering them to generate actionable insights , improve strategic decision-making , and elevate their roles from traditional reporting to strategic advising.

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India reviewing Asean trade pact with an eye to boost domestic manufacturing

CFO News

India is reviewing its trade pact with Asean to address anomalies like the inverted duty structure disadvantaging local manufacturers. Measures such as production-linked incentive schemes, import tariffs, and import monitoring are in place to tackle the trade deficit.

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Managing Security Risks with Virtual Bookkeeping

CFO Share

Busy small business owners unable to keep up with their books often consider outsourced CFO services as a cost-effective solution. But many fear remote bookkeeping exposes them to security risks – hackers, fraudsters, and embezzlement – especially if the virtual bookkeeping solutions use employees in foreign countries. Bookkeeping security risks are always a valid concern, especially since internal staff perpetrate 57% of small business fraud.

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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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Oil’s rise complicates global war on inflation

CFO News

Rising oil prices pose inflation risks for India, with a $10/barrel hike potentially increasing consumer prices by 0.2-1.4%. Asian economies, especially net importers of crude, are sensitive to CPI and could face challenges.

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The Mentoring Round | John McCauley, CFO, Calendly

CFO Thought Leader

Inside The Mentoring Round, Calendly CFO John McCauley advises startups to prioritize building their product and achieving market fit before heavily investing in a finance organization. He believes that early-stage startups should focus on creating and selling their product, as this is more crucial to their immediate success. He expresses a preference for entering companies where the finance organization lacks maturity, providing him the opportunity to develop and mature the finance function fro

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Get ready for global turbulence, China imploding: Uday Kotak warns

CFO News

Uday Kotak has warned of global economic turbulence as US inflation may delay rate cuts, keeping interest rates elevated. Kotak predicts US rate cuts postponed until closer to US elections while the rates will remain elevated in global economies including in India. Fed officials see key interest rate peaking, aiming to ease policy gradually. US inflation surges, dampening rate cut expectations.

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ET Exclusive: Japan’s MUFG set to pick 20% stake in HDFC Bank arm HDB Financial for $2 bn

CFO News

Bank of Tokyo-Mitsubishi UFJ (MUFG) is set to buy a 20% stake in HDB Financial Services, a non-banking subsidiary of HDFC Bank, at a valuation of $9-10 billion. The decision is expected to take place next week at the HDFC Bank board meeting. The deal is expected to be among the largest deals in the shadow banking space in India. HDFC Bank owns 95% of the shadow bank, while employees own 5% as ESOPs.

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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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Fitch Co flags concerns over Vedanta demerger

CFO News

While Vedanta has said that it aims to value the assets of its demerged entities by their book values, CreditSights believes that it is a relatively straightforward approach as book values are captured at a point in time, "carrying values could be outdated, and may not accurately reflect future profitability and cash flow generation of the business"

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FMCG hopes hinge on rains, polls & inflation: Britannia MD

CFO News

On Tuesday, private forecaster Skymet predicted a normal monsoon for the year, lifting optimism for farm output and rural demand, crucial for sustained revival of the FMCG sector. Last year saw irregular monsoons with either below normal or erratic rains. India's villages contribute nearly 40% of annual FMCG sales.

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Banks seek flexible reserve norms as RBI weighs risks

CFO News

Lenders have asked the RBI to permit the compulsory portion of funds set aside for the maintenance of the Cash Reserve Ratio (CRR) to be made eligible as High Quality Liquid Assets (HQLA) for the purpose of computing Liquidity Coverage Ratio (LCR), sources aware of the developments told ET.

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Economy poised for 8-9% growth, says CII President

CFO News

"We should consider establishing a fund to support new-age manufacturing, similar to the Innovation Fund that the government has already announced. This will play a crucial role in scaling up capacity and capability to create larger large-scale Indian manufacturing businesses," said Confederation of Indian Industry (CII) president R Dinesh.

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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.