Mon.Jan 29, 2024

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Vertical analysis: a deep dive into financial statement evaluation

Cube Software

Revisiting vertical analysis in financial statements Financial analysis can get pretty complex. As it gets more intricate, figuring out which data really matters—and what's just noise or not relevant to your company’s goals—can be tricky.

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TIAA sues SVB ex-CEO, ex-CFO to recoup investment losses

CFO Dive

The conduct of Silicon Valley Bank’s former leaders has come under heavy fire since its collapse last year, which marked the largest banking failure seen since 2008.

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Trending Sources

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Setback for HUL, Nestle, Patanjali and others as HC upholds anti-profiteering provisions under GST

CFO News

The Delhi High Court has upheld the constitutional validity of anti-profiteering provisions under the Goods and Services Tax (GST) framework. Over 50 top companies, including Hindustan Unilever, Abbott, Johnson & Johnson, and Nestle, had challenged these measures. The court stated that the provisions are a consumer welfare measure and do not violate constitutional provisions.

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Aon pays $1.5M SEC penalty over key return rate discrepancies

CFO Dive

The Pennsylvania pension fund staff repeatedly raised questions about Aon’s return rate calculations, noting a 37 basis point discrepancy, the SEC found.

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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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How CFOs and businesses should mitigate cybersecurity risks in 2024

Future CFO

CFOs and businesses should expect higher cybersecurity risks in 2024 such as more large-scale cyberattacks on supply chains and critical infrastructure, said Kaspersky recently. Utilising AI , cyberattacks are expected to exponentially increase in frequency and intensity as well, said Yeo Siang Tiong, General Manager for Southeast Asia at Kaspersky.

More Trending

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Advisors Are Becoming Better (Not “Faster”) With Advances In #AdvisorTech

Nerd's Eye View

For financial advisors, the promise of technology has always been to help advisors better leverage their time to grow their business. One possible way to do this is to use the time savings of technology to serve a higher number of clients. However, another approach advisors can take is to use their technology to do more – and better – work for the same number of clients while earning higher fees for the higher-value services they provide.

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Southwest Airlines to spend $1.7B on tech, cloud migration this year

CFO Dive

The commercial carrier has shifted just under half of its tech estate to cloud, President and CEO Bob Jordan said Thursday.

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India poised for sustained brisk growth in coming years despite external headwinds: Finance ministry review

CFO News

The finance ministry believes that India will experience sustained brisk growth in the coming years due to structural reforms and approaches the 'Amrit Kaal' with confidence in overcoming challenges. The country has achieved inclusive development, lower unemployment, and moderate inflation under the Modi regime. The review highlights India's economic resilience and strength, achieving over 7% growth for three consecutive years despite global economic struggles.

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969: The Human Equation in Finance | Elizabeth Mann, CFO, Verisk

CFO Thought Leader

Elizabeth Mann began her career as a mathematician in academia, spending a decade in the field. Her initial plan had been to become a professor, on a path that would start with a Ph.D. and a postdoc. However, something was missing. Eager to engage more directly with the world at large, she pivoted her career toward finance. Mann found a door of entry at Goldman Sachs, where after initially filling a quantitative role involving complex financing structures she subsequently transitioned to investm

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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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Ranjan Pai may put $50-60 million more to grow Byju’s Aakash

CFO News

Manipal chief Ranjan Pai will invest the new tranche of capital sooner in Aakash ahead of key student enrolment season, people aware of the discussions said. Sources at Aakash also said the coaching unit will require additional investment from Pai for it to be able to run operations and scale the business during the next few months when students enroll in these centre.

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Effective cash flow analysis: top 7 tips for financial growth

Cube Software

What is cash flow analysis? Cash flow analysis reviews a company's inflow and outflow of cash, assessing its ability to maintain adequate cash for operations and growth.

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RBI opts not to sterilise some rupee liquidity amid positive foreign flows

CFO News

However, the direction of equity gauges would determine the efficacy - and longevity - of the plan. The gauges turned negative in January after two months of purchases. However, foreign inflows into bond markets remain positive this month.

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RWM is Coming to Naples, Florida!

Barry Ritholtz

Exciting news! In a few weeks, we are heading down to Naples, Florida, where we just launched a new office! Everybody knows what a fun city Miami is, but I am a big fan of the underappreciated gem that is the Gulf Coast of Florida. When the opportunity to partner with Adam Day, CFP in Naples came along, we jumped on it. Michael Batnick and are coming down with some of our colleagues on March 4th-6th.

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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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Use of tech, digital platforms common thread in reforms

CFO News

India's world-class digital public infrastructure (DPI), known as the India Stack, enables online, paperless, and cashless digital access, improving financial inclusion, transaction efficiency, and economic opportunities. The India Stack, consisting of Aadhaar, Unified Payments Interface (UPI), and account aggregator, creates digital identities, facilitates access to finance, reduces transaction costs, and improves tax collection.

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Centre names Anil Kumar Lahoti as the new TRAI chairman

CFO News

Amongst the top most on the agenda of Trai will be to give pricing and other details for administratively allocating spectrum to satcom players – after the telecom department sends a reference - which could be done only when a chairman was in place.

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Pixxel appoints former Maxar executive William McCombe as CFO

CFO News

He joins Pixxel with extensive experience as a Chief Financial Officer at various space and technology hardware companies, most notably Maxar, the largest US space imaging company and Velo3D, an industry leader in metal 3D printing systems for aerospace, defence and other industries.

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Expand tax base to boost finances of Centre, States: FinMin Review

CFO News

India needs to expand its tax base to strengthen the finances of the union and state governments, according to a review of the economy by the finance ministry's economic division. The review cited taxation reforms in the last decade, which have reduced the tax burden on corporations and individuals and removed distortionary incentives.

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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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Critical sectors may be asked to have a common cyber crisis management plan

CFO News

These organisations may have to undertake “mandatory internal and external information security audits” and report the findings of these audits to their respective sectoral regulator, as per the proposed national cybersecurity reference framework.

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Govt, RBI measures have kept inflation in 2-6% range: Finance minister

CFO News

The Indian economy remains resilient amid global challenges due to robust domestic demand, investment-led strategies, and macro-economic stability, according to a review by the finance ministry. Inflation has been kept within a 2-6% band through government and RBI measures. The report warns of external sector risks from sticky inflation, sluggish global growth, and fiscal pressures, particularly highlighting tensions in the Red Sea and increased shipping costs.

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Govt borrowings via a single bond top Rs 2-lakh crore

CFO News

After its last auction in the primary market on January 19, the outstanding amount on a bond maturing in 2063, has risen to ₹2.04 lakh crore, Reserve Bank of India (RBI) data showed. The outstanding amount refers to the amount the government has borrowed by issuing a bond.

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Budget 2024: Buoyant tax revenues and expenditure rationalisation to help keep fiscal deficit target of 5.3% in FY25, HSBC says

CFO News

Interim Budget: HSBC expects the central government to set a fiscal deficit target of 5.3% of GDP in FY25, with buoyant tax revenues and cuts in current expenditure. The government plans to bring the fiscal deficit down to 4.5% of GDP by FY26. Despite higher subsidy spending, the government is likely to meet the fiscal deficit target of 5.9% set for FY24 due to higher tax buoyancy.

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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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Budget 2024: Govt likely to maintain capex momentum in FY25

CFO News

Union budget 2024: The government is expected to continue prioritizing capital expenditure, particularly in the infrastructure sector, in the upcoming Budget to drive economic growth. The government has allocated a record high of Rs 10 lakh crore for capex during the current financial year, with a consistent increase. The upcoming Budget is expected to allocate a substantial amount for capital expenditure, as it has a multiplier effect on the economy and attracts private investment.

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Budget 2024: CDIT industry demands reduction in GST, expansion of PLI & infra development

CFO News

The industry also hopes for reduced taxes to alleviate financial burdens, and relaxation of compliance requirements to streamline operations.