Thu.Oct 03, 2024

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Generative AI hits 28% usage rate, spreads throughout US workplace: NBER

CFO Dive

By March generative AI’s most common tools had been accessed more than 3 billion times by hundreds of millions of users every month.

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Print journalism: For me, it’s the end to an era

Tips Watch

Newspaper companies once had a near-monopoly on local advertising. But the best businesses have to keep adapting. By David Enna, Tipswatch.com Today, after 38 1/2 continuous years, I let my subscription to the printed Charlotte Observer expire.

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Trending Sources

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AICPA, NASBA draft new CPA rules for states to model

CFO Dive

The proposed update to the Uniform Accountancy Act is a key step toward opening a path to CPA licensure that requires fewer college credits.

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Identifying Types of Fraud in Organisations

CFO Talks

Identifying Types of Fraud in Organisations Fraud can strike any organisation, regardless of size or industry, and its impacts can be severe ranging from financial losses to reputational damage. For CFOs, identifying and mitigating fraud is crucial to safeguarding the organisation’s assets and maintaining stakeholder trust. This article provides an in-depth look at the common types of fraud in organisations, how to spot them, and actionable tips on prevention. 1.

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Automation, Evolved: Your New Playbook For Smarter Knowledge Work

Speaker: Frank Taliano

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OpenAI boosts valuation with $6.6B funding round

CFO Dive

The move comes amid speculation that OpenAI may be considering an initial public offering and as its CFO has been actively touting the company’s strategy.

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Harvard Endowment Underperformance, part MMXXIV

Barry Ritholtz

I used to spill a lot of ink about how terrible the Harvard Endowment was, especially their heavy overweight in Hedge Funds. I stopped not because they got any better, but simply due to the annual performance disaster was boring to keep writing about. Worse still, this was a self-inflicted wound, caused by irate alumni upset at how much the Harvard Management Company (aka The Endowment) was paying their outperforming staff: “Let’s start with Dr.

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CFOs' building blocks for sustainability reporting success

Future CFO

As CFOs are faced with the critical role in crafting a clear sustainability reporting plan that not only meets compliance requirements but also drives value, it is essential for finance leaders to fully understand the main areas where their organisations need to focus. According to a Deloitte report, organisations must look into various areas including people, processes, and data to evolve their reporting capability.

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Cost Management: Three Ways to Nearshore Labor

CFO Share

As the US trade war with China enters its 7th year, hundreds of businesses are looking to nearshore labor as a growth solution. Nearshoring is an attractive strategy for businesses looking to optimize costs while maintaining quality. Hiring in low-cost countries near the United States offers the expense reduction of offshoring with fewer logistical challenges from time zones and cultural differences.

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BMO experts: what a changing interest rate environment means for you 

Bank of the West

On September 18, the U.S. Federal Reserve announced its first interest rate cut in more than four years, following a historic period of rising rates to target inflation. You might… Read more The post BMO experts: what a changing interest rate environment means for you appeared first on About BMO.

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Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management

Speaker: Claire Grosjean

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

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Kitces & Carl Ep 148: Making It Easier To Get Started By NOT Building In Public And Focusing On Version 0 Instead

Nerd's Eye View

"Building in public" is a common piece of advice for tackling new challenges – whether launching content, starting a business, or setting personal or professional goals – as public commitment fosters accountability and motivation, tapping into the human desire to avoid embarrassment. While this approach can be effective, it ultimately poses its own difficulties; for example, when stakes are public, advisors may feel pressured to endlessly perfect their offerings and over-commit their

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India’s Services PMI falls to 57.7, slowest expansion since November 2023

CFO News

In September, India's Services PMI fell to 57.7 from 60.9 in August, marking the slowest growth since November 2023 (56.9). Export demand weakened, with growth at its lowest pace in 2024. Input cost inflation rose, while the increase in selling prices slowed to a two-and-a-half-year low. Despite these pressures, domestic demand remained robust, and employment continued to rise.

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The Power of Platform Growth: CFO Sandeep Aujla’s Formula for Intuit’s Expansion

CFO Thought Leader

Growth Imperatives in Focus : Inside the mentoring Round CFO Sandeep Aujla of Intuit shares key strategies for platform growth—customer expansion, breakthrough adoption, and a “better together” approach. It’s all about delivering more value across the platform, Aujla explains. 1,016: When Career Years Are Investment Years | Sandeep Aujla, CFO, Intuit The post The Power of Platform Growth: CFO Sandeep Aujla’s Formula for Intuit’s Expansion appeared first on CFO THOUGHT LEA

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Indian economy amid the Israel-Iran war

CFO News

Iran, as a key OPEC member and a major player in the global oil market, holds substantial sway over oil prices. The deepening Israel-Iran conflict is set to heighten geopolitical tensions, further unsettling economies worldwide, including India.

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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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There will be no change in policy on multi-brand retailing: Piyush Goyal in US

CFO News

Union Minister Piyush Goyal emphasized that India will not permit multi-brand retail, as it would harm local mom-and-pop stores. He underscored India's openness to other economic reforms, allowing full foreign ownership in sectors like defense and space, with some safeguards to prevent money laundering.

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FIIs withdraw Rs 32,000 crore but India has Rs 2 lakh crore war chest to save Nifty from Israel war

CFO News

In just 4 trading sessions, Sensex dropped over 3,300 points as FIIs pulled out nearly Rs 32,000 crore from D-Street. China's market appeal and growing fears over the Iran-Israel conflict have spooked global investors. With concerns over high valuations as retail investors remain confident across price points, there is rising uncertainty about a potential market crash during the festive season.

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India to take five years to almost achieve an income feat that earlier took 75 years: Nirmala Sitharaman

CFO News

Finance Minister Nirmala Sitharaman stated that India's per capita income is projected to increase by $2000 in the next five years. She highlighted the young demographic, which drives consumption growth, and noted the maturity in India's innovation and financial sectors as catalysts for future economic growth.

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CK Birla Healthcare eyes $150 million fundraise via stake sale

CFO News

CK Birla Healthcare, part of the CK Birla Group, aims to raise around $150 million by selling a minority stake. Funds will be used for expansion and debt reduction. The healthcare arm, featuring multiple hospitals and IVF centers, recorded a 34% revenue growth in FY24.

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Forecasting Failures Are Costly: Heres How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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PwC India ties up with Meta for GenAI solutions

CFO News

The collaboration aims to drive the widespread use of Generative AI (GenAI) in both enterprise and public services, positioning India as a leader in digital innovation.

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Office space transactions mark a record in Q3 2024 highest since Q1 2018: Knight Frank

CFO News

This represents an 18 per cent year-on-year (YoY) increase from 16.1 mn sq ft in Q3 2023. The report highlights a strong year-to-date performance, with 53.7 mn sq ft of leasing recorded in the first nine months of 2024--27 per cent higher than the same period last year.

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GST Rate Cut: Tax on several mass-use products may be reduced

CFO News

A ministerial panel on GST is considering reducing rates on essential items like medicines and tractors to 5%. Health and term insurance may also see lower rates. The panel, led by Bihar deputy CM Samrat Chaudhary, will finalize these decisions soon. Revenue implications and the number of slabs are key considerations.

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We must make the law on fiscal targets more biting, says ex-RBI governor C Rangarajan

CFO News

C Rangarajan emphasizes the need for stricter fiscal laws to manage deficits and debt, and highlights the importance of boosting investments and improving capital efficiency. He advocates for higher infrastructure investments and better banking practices to support India's economic growth beyond the middle-income threshold.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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GIFT Nifty down 105 points; here's the trading setup for today's session

CFO News

Immediate support is seen at 25,000, followed by 24,750, while 25,500 is expected to act as the immediate resistance. Traders should closely monitor these key levels, as a break below support could trigger further downside, while resistance at 25,500 may cap any short-term recovery attempts, said Hardik Matalia of Choice Broking.

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Iran-Israel conflict may work in favour of Indian diamond exporters, says Vipul Shah, chairman Gem & Jewellery Export Promotion Council

CFO News

The ongoing Iran-Israel conflict is expected to benefit India's exports of cut and polished diamonds due to a decrease in Israeli shipments. However, rising oil prices may harm the global economy, potentially affecting demand. India's diamond exports were down 20% in the initial months of fiscal 2025.

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AI helping companies make more money, adding up to 20% to profits: report

CFO News

Generative AI is the prime mover of the current wave of technological change and companies leveraging on AI can make remarkable profits up to 20%.

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NFRA emphasises statutory auditors' obligations in group audits amid audit failures

CFO News

NFRA said it has observed gross negligence and audit failure in audits of group financial statements.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.