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 273
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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 284
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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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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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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 269

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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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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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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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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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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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.

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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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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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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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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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FMCG companies think small to make it big during polls

CFO News

Consumer goods companies in India are increasing stocks of small packs of biscuits, bhujias, chips, packaged water, and beverages costing ₹5 and ₹10 each by up to 10% across the country, anticipating a short-term spurt in sales during rallies and meetings coinciding with the upcoming general election. Senior executives at several fast-moving consumer goods (FMCG) companies are bullish of robust sales of small packs of such food products till elections.

Sales 52
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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.