Wed.Aug 14, 2024

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Chipotle CFO postpones retirement; stays on in president role

CFO Dive

Jack Hartung will stay on to help advise Chipotle’s leadership following Brian Niccol’s planned jump to Starbucks.

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U.S. annual inflation fell to 2.9% in July, lowest rate since March 2021

Tips Watch

By David Enna, Tipswatch.com The Federal Reserve got the sort of inflation report it desired for July, with the U.S. annual rate dipping below 3.0% for the first time since March 2021.

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Trending Sources

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Inflation slows to three-year low, clearing way for Fed rate cut

CFO Dive

The central bank at a meeting next month will likely weigh cooling inflation against signs that the labor market is loosening up.

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India: $60 Trillion economy by 2047

CFO News

As India marks its 78th Independence Day, Vipul Arora, Partner at Sattva Consulting and author of Essence of ESG, explores how embracing climate solutions can propel India to developed nation status by 2047.

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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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Women rise to five-year high in CFO appointments

CFO Dive

Accenture and Google parent Alphabet are among companies that have appointed women to top finance posts this year.

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More Trending

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India set to be among top 3 world economies soon: Droupadi Murmu

CFO News

President Droupadi Murmu on Wednesday said that India is among the fastest-growing major economies, adding it was a matter of pride for everyone that the country has become the fifth-largest economy in the world, and is set to be among the top 3 global economic powers soon.

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How to Compare Budget vs Actual Report

CFO Share

A small business budget is not much use if you only look at it once per year. The best businesses review a budget vs. actual report monthly with their CFO. This classic method of evaluating performance stands as one of the most important monthly financial reports for any company. Whether you budget yourself or with the help of a fractional CFO , using budget v actual report will level up your business performance.

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Best Practices in Corporate Governance for Ethical Excellence

CFO Talks

Best Practices in Corporate Governance for Ethical Excellence In today’s rapidly evolving business environment, the role of the Chief Financial Officer (CFO) has expanded beyond managing the finances of an organization. CFOs are now pivotal in driving corporate governance and ensuring that companies operate with ethical excellence. In South Africa and across Africa, the emphasis on strong corporate governance has never been more critical, particularly as businesses navigate complex regul

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The Top Excel Mistakes in Budgeting & Forecasting (and How to Fix Them)

Lime Light

Tired of #DIV/0! errors ruining your budget and forecast templates? Uncover the most common (and costly!) Excel mistakes in budgeting, forecasting, and reporting. Learn how to avoid formula pitfalls, data inconsistencies, and spreadsheet nightmares for more accurate & reliable FP&A.

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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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PM Modi speech highlights: If 40 crore Indians could fight for independence, 140 crore can achieve Viksit Bharat

CFO News

PM Narendra Modi Independence Day Speech: Prime Minister Narendra Modi delivered his 11th Independence Day speech at the Red Fort, emphasizing the sacrifices of freedom fighters and the need for unity. He highlighted climate concerns and the growth of India from 40 crore to 140 crore citizens, setting a target for a developed India by 2047. Modi discussed reforms, infrastructure development, skill enhancement, and gender equality, urging a focus on quality products and green energy.

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Assessing Both Longevity AND Mortality Risk For More Effective Retirement Plans

Nerd's Eye View

A common concern many individuals have when contemplating retirement spending is that they may live longer than expected and thus risk outliving their money. This sentiment can lead advisors to build financial plans based on the conservative assumption that clients will live a very long time. Yet, while a longer plan will extend the longevity of the portfolio, it also relies on lower annual portfolio withdrawals.

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India’s WPI moderates to 2.04% in July from 3.36% in June

CFO News

The WPI Food Index, which combines food articles from the primary articles category and food products from the manufactured goods category, rose from 190.3 in June to 195.4.

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Ransomware attacks surge amid increased M&A activity, drive up cyber insurance claims

CFO News

Criminal operations are increasingly targeting interconnected systems and newly acquired companies, posing substantial risks across various sectors, says a report.

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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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Disney, RIL may shut some channels to win CCI nod for merger

CFO News

Walt Disney and Reliance Industries proposed shutting some Star India and Viacom18 channels to secure Competition Commission of India's approval for their merger. The plan includes keeping flagship channels Star Plus and Colors, while closing weaker regional ones. RIL will hold a 56% stake, Disney 37%, and they aim to complete the merger by October 2026.

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Cognizant offers annual salary hikes as low as 1%

CFO News

The development of meagre salary hikes comes at a time when Cognizant is widely criticised for offering decadal-low starting salaries of Rs 2.52 lakh per annum, or around Rs 21,000 a month, to freshers through its off-campus recruitment drive starting Wednesday. The measly salary offer has created a stir across social media platforms.

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Modi's Independence Day speech: 'Viksit Bharat 2047' vision highlights reforms, skill development, manufacturing hub, and investment

CFO News

On India’s 78th Independence Day, Prime Minister Narendra Modi unveiled a visionary roadmap for 2047, focusing on economic modernization, infrastructure, and strategic reforms to propel India towards global prominence.

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India’s Trade Deficit widens to USD 23.5 Bn after narrowing in June

CFO News

The overall trade balance, which includes both merchandise and services, also declined, with a deficit of USD 9.61 billion in July 2024, compared to a deficit of USD 6.52 billion in July 2023.

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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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Byju’s vs BCCI: SC stays NCLAT order that set aside insolvency case against edtech

CFO News

Earlier, US-based Glas Trust, which represents some lenders of a Byju's group company, had filed an appeal before the Supreme Court challenging an earlier order that had quashed insolvency proceedings against Byju's.

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How a multinational company captured a whole country

CFO News

The East India Company began as a trading entity in the 1600s, evolving into a powerful political force in India. Key events like the Battle of Plassey marked its rise. Before gaining independence, India was one of the world’s wealthiest economies, yet its fragmented Mughal rule made it vulnerable to exploitation. The East India Company (EIC) capitalized on this opportunity, growing into one of the world’s largest business corporations.

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Why did Starbucks terminate Laxman Narasimhan? Brian Niccol will be the new boss

CFO News

Starbucks announced that Brian Niccol, current CEO of Chipotle, would replace Laxman Narasimhan as its new CEO. Narasimhan stepped down amid efforts to revitalise the company. This move follows financial challenges and pressure from activist investors. Niccol, known for driving growth at Chipotle, will start on September 9. Interim CEO Rachel Ruggeri steps in until then.

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Jupiter Wagons eyes 30% of Indian Railways 40,000 annual wagon orders; CFO targets 50-50 revenue split by 2028

CFO News

The manufacturer of railway freight wagons, brake discs, castings, and other mobility solutions aims for a balanced revenue model by 2028, targeting a 50-50 split between wagon manufacturing and other businesses, particularly components.

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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