Future CFO

SEPTEMBER 8, 2024

Editor's note: In today’s A Day in the Life , Paulus Chau, Director – Hong Kong and Emerging Markets at AICPA & CIMA shares with FutureCFO audiences how hiking inspires his life and work as well as his passion for helping accounting and finance professionals to further develop their skills. FutureCFO: What does a typical day look like for you? Paulus Chau (PC): I would describe my typical working day at AICPA & CIMA, together as the Association of International Certified Professional Acc

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Education Finance Accounting Marketing 98

CFO News

SEPTEMBER 8, 2024

In a revealing conversation with Robin Banerjee, Chairman of Nucleon Pvt Ltd, ETCFO explores the heated debate over SA 600, examining its implications for audit accountability and financial reporting standards in India.

Auditing 75

Auditing Financial Reporting Accounting 75

Bramasol

SEPTEMBER 8, 2024

SAP Universal Revenue Management (SAP Universal RevRec) is a cutting-edge solution engineered to elevate and simplify the complexities of revenue recognition. It marks a substantial leap forward that is built on earlier revenue management systems, such as SAP Revenue Accounting and Reporting (RAR) and SAP Automated Revenue Management (ARM). With a 28 year track record as one of SAP's longest serving partners and the recognized experts in SAP revenue compliance and SAP BRIM/OTC offerings , the Br

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SAP General Ledger Compliance Accounting Standards 52

CFO Thought Leader

SEPTEMBER 8, 2024

When Scott Blackley was asked in kindergarten what he wanted to be when he grew up, his answer was surprisingly clear: “I want to be an auditor.” This early ambition was no coincidence; his father was a partner at KPMG, and young Blackley grew up around the firm’s offices, imagining himself one day sitting at a big desk, overseeing important work.

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CFO Finance Investments Planning 52

Speaker: Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

Securities

CFO News

SEPTEMBER 8, 2024

Ajay Singh, SpiceJet's chairman, may offload over 10% of his stake in the airline as part of a funding round closing by September's end. The budget carrier aims to raise Rs 3,200 crore through various means to meet obligations and revive its grounded fleet. Discussions with potential investors are ongoing.

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Budgeting 40

CFO News

SEPTEMBER 8, 2024

The Adani Group has warned Bangladesh's interim government, led by Muhammad Yunus, about a $500 million backlog in unpaid dues from a major power project. Despite financial strain, Adani remains committed to supplying power. The new administration plans to re-evaluate previous energy deals for better financial efficiency.

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Planning 40

CFO News

SEPTEMBER 8, 2024

Tata Sons chairman N Chandrasekaran's compensation rose by 20% to Rs 135 crore in FY24, making him India's highest-paid professional chief. CFO Saurabh Agrawal earned Rs 30 crore. TCS CEO K Krithivasan and IHCL head Puneet Chhatwal had remunerations of Rs 25 crore and Rs 19 crore, respectively. Several other Tata Group CEOs also saw significant earnings.

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CFO News

SEPTEMBER 8, 2024

Many Indian consumer goods companies, including ITC and Maruti Suzuki, have reduced their R&D spending as a percentage of revenue over the past five years. Despite emphasizing innovation in their reports, only a few have marginally increased their R&D budgets. Reliance Industries remains a top spender in this segment.

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Budgeting 40

CFO News

SEPTEMBER 8, 2024

India's appeal as a hub for global capability centres is growing, attracting Fortune 500 companies and smaller firms. Mid-sized GCCs with 1,000-2,000 employees are setting up in India, leveraging cost advantages and skilled workforce. Bengaluru and Hyderabad lead this growth, with technology-focused GCCs dominating office space leasing.

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Leverage Technology 40

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

Leadership

CFO News

SEPTEMBER 8, 2024

The GST Council will meet to discuss important topics like insurance premium taxation, an amnesty scheme, and rate rationalization. They will also review GST on online gaming and tackle fake registrations. Chaired by Finance Minister Nirmala Sitharaman, the council aims to explore potential tax reliefs and reforms with state ministers.

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Finance 40

CFO News

SEPTEMBER 8, 2024

Troubled edtech company Byju's said in a statement that its auditing firm, MSKA Associates, an affiliate of BDO International, resigned because Byju's refused to backdate its financial reports. The auditing firm informed the company's board of its resignation as the statutory auditor, although it had been appointed for a five-year term set to end in FY27.

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Auditing Financial Reporting 40

CFO News

SEPTEMBER 8, 2024

Tuhin Kanta Pandey has been appointed as the new finance secretary, succeeding T V Somanathan. Pandey, currently the secretary of DIPAM, is known for his role in the sale of Air India and the listing of Life Insurance Corporation. He belongs to the 1987 batch Odisha cadre.

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Finance Sales 40

CFO News

SEPTEMBER 8, 2024

Hexaware Technologies has filed a draft red herring prospectus with SEBI to raise ₹9,950 crore through an IPO. The offering will be an offer for sale from CA Magnum Holdings, affiliated with Carlyle Group. Hexaware, delisted in 2020, reported a profit of ₹997.6 crore in 2023, with revenue growing by 12.8% to ₹10,380.3 crore.

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Sales Technology 40

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By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

Concentration

CFO News

SEPTEMBER 8, 2024

​None of the protesting employees spoke to the media, but a handout purported to have been drafted by the protesting officials sought the withdrawal of a press release issued by Sebi on Wednesday and also Buch's resignation.

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CFO News

SEPTEMBER 8, 2024

Government expenditure is rebounding, leading to surplus liquidity in the banking sector as the Centre injects cash into the system. The Reserve Bank of India's tolerance of this surplus suggests a potential shift toward softer monetary policy. Analysts note that government spending has been steadily increasing over the past few months, supporting economic growth.

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Economics Banking 40

CFO News

SEPTEMBER 8, 2024

IndiGo plans to expand its international destinations to 40 by March 2025 and introduce wide-body aircraft by 2027. The airline will also launch a new business class product and a frequent flyer program. IndiGo aims to become a leading global airline by 2030.

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Planning 40

CFO News

SEPTEMBER 8, 2024

The capital market regulator Sebi has asked private equity and venture capital funds to disclose the names of investors who have been given special terms and representation on investment committees. This move aims to ensure transparency and address concerns about differential rights that may undermine other investors' interests.

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Investments Marketing 40

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

Join Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms for an informational webinar about how to select the ideal payments provider for your platform! This session highlights the 7 key criteria for assessing payments partners and maximizing the value of your investment. From evaluating technology and business development programs to understanding support and compliance, this webinar will equip you with a comprehensive evaluation framework and strategy for

Compliance