Wed.Mar 06, 2024

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Powell predicts commercial real estate woes will most afflict smaller banks

CFO Dive

The Fed, bankers and commercial real estate executives have warned of turbulence as property owners struggle to refinance debt at higher rates.

Banking 274
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Deriving Options

Corporate Finance

What do olive presses, Las Vegas, and random walks have in common? The Black-Scholes Option Pricing model! A really interesting Veritasium video walks through a brief history of options and the mathematics behind the Black-Scholes model. And while the video does a good job of explaining option basics, it also discusses some of the beauty behind the math.

Math 130
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Trending Sources

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Pillar 2 tax heightens CFO need for quality data

CFO Dive

In 2021 more than 130 countries agreed to implement Pillar 2, which seeks to set a global minimum effective tax rate of 15% for certain multinational enterprises.

CFO 219
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At the Money: Claudia Sahm on How To Defeat Inflation

Barry Ritholtz

At the Money: Knowing When You’ve Whipped Inflation. (March 6, 2024) Investors hate inflation. How can they evaluate what inflation means to the Federal Reserve and possibly future rate cutes? Full transcript below. ~~~ About this week’s guest: Claudi Sahm is a former Federal Reserve economist best known for the rule bearing her name. She runs Sahm Consulting.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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GE finance veteran to join United Natural Foods

CFO Dive

The food distributor announced that its sitting CFO will soon leave the company as it struggles with weak sales.

Finance 210

More Trending

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SEC drops scope 3 from final climate rule

CFO Dive

The agency said scope 3 was removed due to a large number of comments concerning compliance costs, as well as the consistency and reliability of scope 3 data.

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HR Involvement Early in M&A

VCFO

The Importance of HR Involvement Early in M&A Evaluation In each of the last ten years, between 18,000 and 25,000 mergers and acquisitions (M&A) deals have taken place in the United States. At the same time, Harvard Business Review notes that 70%-90% of all M&A deals fail. Many companies become a casualty of that latter statistic when they do not get HR sufficiently involved in the early evaluative phases of M&A activity and only engage HR at a surface level during due diligence

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ION LookOut named “Best Solution for Records Retention” at RegTech Insight Awards APAC 2024

Reval

LONDON – 7 March 2024: ION, a leading global provider of mission-critical trading. The post ION LookOut named “Best Solution for Records Retention” at RegTech Insight Awards APAC 2024 appeared first on ION.

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ETCFO Leadership Summit 2024: CFOs resetting the new world order

CFO News

Currently, India Inc's finance honchos are facing several headwinds geopolitical tensions are high, there's a dilemma over private capex, consumption is stagnant and compliance requirements are increasing. The 5th edition of the ETCFO Leadership Summit will expound on how CFOs can reset the new world order and navigate through chaos.

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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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Nonprofit Accounting Cleanup: How to Deal with a Mess

The Charity CFO

On today’s episode of A Modern Nonprofit Podcast , our special guest is the one and only Tosha Anderson, our very own founder and CEO. The conversation today has a very simple focus, 5 red flags that your nonprofit accounting needs improvement, even when it may not be recognized. Red Flag #1: Bank Account Reconciliation Whether the business is accrual or cash basis, it does not matter.

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LexisNexis: APAC financial crime compliance cost in 2023 totals US$45

Future CFO

The cost of financial crime compliance in the Asia-Pacific region in 2023 totaled US$45 billion, according to a study by LexisNexis Risk Solutions. The latest True Cost of Financial Crime Compliance Study – Asia Pacific found that organisations are prioritising cost reduction while ensuring regulatory adherence, as 98% of financial crime compliance cost rose 98% for Asia-Pacific financial institutions.

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IIFL Finance shares rally 9%, reverse 4-session losing streak

CFO News

Shares of IIFL Finance rose 9% after a 4-session decline. Fairfax India provided $200M liquidity support amid RBI's gold loan disbursement embargo. Jefferies downgraded the stock. The RBI found violations in IIFL Finance's gold loan portfolio. The RBI decision came following an inspection of the company by the RBI with regard to its financial position as of March 31, 2023.

Finance 52
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Economic Uncertainty and Your Exit Strategy

Focus CFO

How ITR Economics Can Help You Plan Your Exit Strategy Are you considering selling your business? Maybe you have begun to think about what your exit strategy might look like. There is a lot to consider before you make the big decisions regarding your future.

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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RBI’s action not against Paytm; it is against payment bank; we support fintechs: Shaktikanta Das

CFO News

Shaktikanta Das, Governor of RBI, clarifies that the RBI's action is against payment banks, not fintech companies like Paytm. Fintechs are free to grow as long as they are not NBFC lenders. The majority of Paytm users are linked to other banks, so only 15-20% of customers are impacted by RBI's restrictions.

Banking 52
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Understanding ACH Transfers: An In-Depth Guide to Electronic Fund Transactions

FISPAN

This comprehensive article explores the intricacies of ACH (Automated Clearing House) transfers, a pivotal facet of electronic funds transactions. Covering types, history, and operational mechanisms of ACH transfers, the piece provides a thorough comparison with alternative payment methods.

Banking 52
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In June, July, RBI could consider the first cut in interest rates: Keki Mistry

CFO News

Keki Mistry believes that if the RBI believes in a reasonable monsoon forecast and if there is an easing of liquidity in India, there could be a first cut in interest rates in June or July. The growth projections are strong, with visible signs of pickup in consumer demand, but rural demand has slowed down.

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European retail brokers plan institutional and listed derivatives expansion in the face of CFD restrictions

Reval

Retail Revolution is free to read. Download your copy now. London – 6. The post European retail brokers plan institutional and listed derivatives expansion in the face of CFD restrictions appeared first on ION.

Retail 52
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Bringing AI to Finance: How to Leverage Technology for Efficiency and Control

Finance teams are balancing more than ever, but manual processes shouldn’t slow you down. In this ebook from BILL, discover how AI is transforming finance—automating AP, expense tracking, and document management to reduce errors, increase efficiency, and improve financial control. Learn how real companies are using AI-powered automation to streamline workflows, detect anomalies, and gain deeper insights.

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Institutional investors may help Bitcoin sustain new heights

CFO News

Since Bitcoin has less than two decades as a financial asset, predicting its price trajectory remains extremely challenging. Just months after retail exuberance helped drive bitcoin to its previous record in November 2021 the cryptocurrency crashed, taking half the crypto industry with it. But more institutions committing long-term money could help the token sustain its high levels this time around, analysts and executives said.

Retail 52
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Alan Docherty, Consulting CFO, Joins vcfo Austin Team

VCFO

Alan Docherty joins vcfo as a Consulting CFO, bringing with him more than 35 years of experience. He is a senior finance, IT, and operations executive with significant experience in strategic transformation, corporate finance, and value creation. From the CFO chair, Alan excels in managing company transformations, specifically when it comes to transactional integration, process improvement, corporate development, and ongoing optimization.

CFO 40
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Bengaluru citizens oppose new property tax system

CFO News

In response to these concerns, the Bengaluru NavaNirmana Party (BNP) has gathered objections from over 10,000 citizens and is gearing up to initiate a large-scale protest against the introduction of the new property tax system, mobilising tens of thousands of people. Representatives of the BNP recently met with Tushar Girinath, the Chief Commissioner of BBMP, where they voiced their concerns regarding the proposed property tax system.

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Women Voice Greater Concerns than Men on Cost of Living and Inflation: BMO Survey

Bank of the West

A special report from the BMO Real Financial Progress Index focusing on women and financial confidence found numerous disparities between the sexes, particularly around two key economic indicators: cost of… Read more The post <strong>Women Voice Greater Concerns than Men on Cost of Living and Inflation: BMO Survey</strong> appeared first on About BMO.

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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Pending income tax refunds relating to AY 2021-22 would be processed by this date; check email for confirmation

CFO News

Income tax refund: The Central Board of Direct Taxes (CBDT) has said that individuals who are still waiting to get their tax refund for FY 2020-21 (AY 2021-22) may get it by April 30, 2024. If you are eligible for receiving this tax refund a email from the tax department would come intimating the amount of refund. Check your inbox now.

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United Spirits gets Rs 4.47 cr tax demand from Maharashtra state authorities

CFO News

​The assessment order dated March 5, 2024, is for FY 2018-19 for CST (Central Sales tax) and MVAT (Maharashtra Value Added Tax), the company said in a regulatory filing. The company said it will be contesting the matter by filing a rectification application or appeal before the higher authorities.

Sales 52
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Real estate cos approach FinMin over GST notices

CFO News

Authorities had also sent out notices for non-payment of tax on corporate guarantees provided by flagship companies to their subsidiaries, which attracts 18% GST.

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Telcos come out with tiered tariff plans to increase revenue per user

CFO News

All three telcos have realised that higher-priced post-paid family plans bundling multiple mobile connections, attractive data allowances and OTT streaming app subscriptions (Netflix, Prime, Hotstar) is the ideal way to improve ARPU - a key performance metric - in the immediate absence of headline tariff hikes.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.