Thu.Sep 05, 2024

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The Tariff Wars Return

Global Finance

After a half-century in which it embraced a doctrine of free trade, the industrialized West seems to be moving in the opposite direction: rolling out an expanding list of new tariffs on imports and placing increased reliance on industrial policy to promote domestic industries. In the US, with both parties in this November’s presidential election supporting tariffs—albeit for different reasons—companies may face more onerous import duties in the coming months.

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Tax compliance costs surge 32% since 2017: Tax Foundation

CFO Dive

Efforts to simplify the federal tax code have failed to reverse decades of regulatory and legislative changes that have made it more complex.

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Trending Sources

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The Power of Expectations: Nvidia's Earnings and the Market Reaction!

Musings on Markets

Last Wednesday (August 28), the market waited with bated breath for Nvidia’s earning call, scheduled for after the market closed. That call, at first sight, contained exceptionally good news, with revenues and earnings coming in at stratospheric levels, and above expectations, but the stock fell in the aftermath, down 8% in Thursday’s trading. That drop of more than $200 billion in market capitalization in response to what looked like good news, at least on the surface, puzzled market observers,

Marketing 118
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Honeywell taps insider for CFO seat

CFO Dive

The transition comes as Charlotte, North Carolina-based Honeywell’s CEO is laser-focused on accelerating growth.

CFO 262
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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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Canadian Chain Store Giant Eyes 7-Eleven Parent In Japan

Global Finance

Canadian convenience store giant Alimentation Couche-Tard (ACT) has set its sights on Seven & i wHoldings, the Tokyo-based parent company of 7-Eleven. If the deal goes through—ACT submitted an offer to buy all outstanding shares of Seven & i last month—it will mark a significant step into Japan’s retail market by a foreign firm, but it wouldn’t be ACT’s first show of interest in the company or Japan.

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Klarna Considers Share Sale Ahead Of Listing In US

Global Finance

Klarna Group, Europe’s leading payment solutions disrupter, is exploring a secondary share sale ahead of its 2025 initial public offering in the US. Backed by Sequoia Capital and Softbank, the 19-year-old company is currently in talks with investors to assess the level of interest; Goldman Sachs, Morgan Stanley, and JPMorgan are reportedly advising.

Sales 105
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Designing Effective Financial Information Systems: A Guide for South African CFOs 

CFO Talks

Designing Effective Financial Information Systems: A Guide for South African CFOs In the ever-changing financial landscape, the strength of your financial information system (FIS) plays an important role in determining your organisation’s success. As a CFO in South Africa, you are not only tasked with managing financial performance but also ensuring that your systems are sturdy, compliant, and aligned with both current needs and future growth.

IFRS 92
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3 Things You Don’t Know About Josh

Barry Ritholtz

I have known Josh for nearly 15 years. Despite his writing in public that entire time, hosting two weekly shows on our YouTube channel , and showing up on CNBC three times a week, you don’t know him. Public persona aside, he is surprisingly private. I know him as well as anyone besides Sprinkles and maybe Batnick. I am going to share three things about Josh that you don’t know.

Finance 91
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Webinar: SAP Universal RevRec with SAP Development and Bramasol

Bramasol

The latest innovation in revenue accounting is here – SAP Universal Revenue Recognition (RevRec) – and it's changing the game for businesses looking to streamline their financial processes. This powerful, cloud-based solution provides an adaptable and scalable platform, perfect for meeting your evolving revenue recognition needs. Join our upcoming webinar featuring SAP's Product Team from Walldorf and the experts at Bramasol as they unveil the cutting-edge capabilities of SAP Universal RevRec.

SAP 91
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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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Building brighter futures: How BMO supports youth financial literacy and skills development across the U.S.

Bank of the West

BMO’s recent donations to youth-focused organizations in the U.S. are helping support skills development and financial literacy programs, creating a better future for thousands of young adults across our U.S.… Read more The post Building brighter futures: How BMO supports youth financial literacy and skills development across the U.S. appeared first on About BMO.

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Will AI replace your finance team in 2024?

Cube Software

Will AI replace humans in finance? AI won't replace entire finance jobs like financial analysts or accountants, but it will take over specific tasks. For instance, AI can handle data entry, transaction processing, predictive analytics, and fraud detection.

Finance 52
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The Innovators 2024—Best Financial Innovation Labs

Global Finance

Global Finance ’s sixth annual list of the world’s best innovation labs highlights the power of collaboration. In Brazil, the Pix payment system lets people, corporations, and governments transfer and accept funds instantly, 24 hours a day—even when banks are closed. Released in late 2020 by the Banco Central Do Brasil, Pix has been lauded for its convenience and the financial services it provides to Brazil’s significant unbanked and underbanked populations.

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11 best AI tools for Google Sheets

Cube Software

Can you use AI tools for Google Sheets? You can use AI tools to automate manual repetitive tasks in Google Sheets. For financial planning and analysis teams, this means automating tasks like data collection and cleaning, conditional formatting, formula generation, calculations, and routine report generation.

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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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The Mentoring Round | Don McGuire, CFO ADP

CFO Thought Leader

Inside The Mentoring Round , CFO Don McGuire explains how increasingly ADP’s finance professionals are discovering career opportunities outside traditional finance roles, bringing diverse skills back into finance. McGuire’ explains how his team is divided into two groups: BU CFOs, who work closely with business units (BUs) and focus on growth and business understanding, and corporate functions like treasury and investor relations, which support broader finance initiatives.

CFO 52
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Bank Offers Cash For ESG Goals

Global Finance

Standard Chartered has launched a new ESG-Linked Cash Account for corporate banking clients that rewards them for meeting targets tied to environmental, social and governance (ESG) priorities. “Through continued engagement, we know that many sustainability-focused clients are seeking to balance environmental and social impact alongside financial returns.

Banking 52
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Kitces & Carl Ep 146: Re-Educating Clients (Scalably) After They “Read Something On The Internet”

Nerd's Eye View

A cornerstone service that many financial advisors provide is education. While strategic advice is crucial, advisors also face the challenge of presenting the strategies to clients in context, explaining different financial planning concepts, and showing clients how to implement these strategies (as well as pointing out any long-term consequences). While curious, proactive clients who are ready to learn may be the ideal, this can become complicated when clients bring 'good' advice they've heard

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India: Bharti Acquiring Stake In British Telecom

Global Finance

Why would a successful and dominant telecom group, with a strong footprint in fast-growing Asian and African markets, want to venture into a mature, low-growth market like the UK? That’s the question analysts were asking after Bharti Enterprises, the company that controls Bharti Airtel, India’s second-largest telecommunications company, announced a binding agreement to acquire a 24.5% stake in British Telecom, the UK’s largest telecom services operator, for £3.2 billion, or $4 billion.

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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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No friction between Centre and states over GST, says FM Sitharaman

CFO News

Union finance minister Nirmala Sitharaman has denied any friction between the Centre and states over GST, emphasizing the importance of respecting the federal structure. She highlighted that simplifying taxpayer compliance takes precedence over revenue generation in budget meetings. The average GST rate has decreased to 12.2% as of 2023, below the suggested revenue neutral rate.

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Ola Electric’s Shares Surge

Global Finance

A $734 million initial public offering by Ola Electric Mobility Limited, an Indian electric two-wheeler (E2W) maker, surpassed expectations to emerge as the Mumbai market’s most successful-ever debut on August 9. Ola is a pure electrical vehicle (EV) brand with a leadership position in scooters and motorcycles, claiming a 49% market share in the E2W space in India.

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Piyush Goyal backs border adjustment tax for steel

CFO News

In the past, India has maintained that the carbon border adjustment tax, proposed by the European Union and the UK, is not compliant with global trade rules.

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Egypt Gains Breathing Room

Global Finance

After a bailout pulls Egypt back from the brink, new foreign investment and robust local banks sector suggest a return to growth. Last fall, as conflict erupted in Gaza, Egypt’s economy, already weakened by the Russia-Ukraine war and the Covid-19 pandemic, teetered on the brink of collapse. By early 2024, the Arab world’s largest country faced the risks of regional conflict on its Sinai border and default on its foreign debt, prompting urgent recovery measures.

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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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Esop culture making India Inc top executives richer

CFO News

Data of Esop issuances-put together by Esop Direct-by 12 sector frontliners in the Nifty 50 showed that about 90 million options were issued over FY23 and FY24. Companies using this talent-rewarding tool include L&T, Infosys, ICICI Bank, JSW Steel, Bharti Airtel, ITC, UltraTech Cement, Bajaj Auto, Reliance Industries, UPL, Asian Paints, and Dr Reddy's Laboratories.

Banking 40
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Indian aviation industry forecasts lower losses for INR 20 - 30 billion in FY 25: ICRA

CFO News

The aviation sector has demonstrated strong pricing discipline, reflected in the increased spread between revenue per available seat kilometer (RASK) and cost per available seat kilometer (CASK). This improved pricing power has led ICRA to maintain a stable outlook for the industry, with continued growth in both domestic and international passenger volumes and a relatively stable cost environment.

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Public Accounts Committee to look into allegations against Sebi Chief Madhabi Puri Buch

CFO News

The parliamentary Public Accounts Committee (PAC) is set to investigate allegations against Sebi chief Madhabi Puri Buch. The inquiry follows claims of conflict of interest and corrupt practices. The PAC, led by Congress leader KC Venugopal, will review the performance of regulatory bodies, including Sebi, later this month.

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Maharashtra says Tower-Adani to set up $10 billion semiconductor unit

CFO News

Sources in the ministry of electronics and information technology said that while the project might have been approved at the state level, a joint application submitted by Israel's Tower Semiconductor and Adani Group was still under consideration by the India Semiconductor Mission (ISM) and the IT ministry.

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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.