Thu.Nov 02, 2023

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5 Things a Fractional CFO Will Not Do

Beacon CFO Plus

Understanding the Responsibilities of a Part-Time CFO If you are bringing a fractional CFO into the folds of your business, you should have a solid grasp on the types of tasks and responsibilities he or she will provide. A fractional CFO’s role typically falls within the scope of their financial expertise—their job is to provide that financial strategy and leadership needed to guide the operations of your business both short-term and long-term.

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FASB to set new accounting rules for government grants

CFO Dive

The new project is the latest addition to the FASB’s agenda, which has been packed with high-profile initiatives.

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Trending Sources

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Lack of accountants in all economies; need to ‘supercharge’ attractiveness in accountancy: ACCA Chief

CFO News

Accounting: Helen Brand says that developing economies like India, China, and Malaysia can bridge this gap and they need to be supported.

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Verizon’s interim CFO lands permanent seat

CFO Dive

The finance chief says the telecom giant is “on track” when it comes to priorities such as improving free cash flow and growing its wireless service revenue.

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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Where is This Rally Going?

Barry Ritholtz

Before yesterday’s FOMC meeting, I reiterated my view from July 2023 that this hiking cycle was – or at least should be – over. The Narrative bias driving commentary today is that this sudden bullishness is the market sussing out the last hike. But this after-the-fact story does not resonate as truth with me, as it looks more like the 10% market correction of October 2023 has ended.

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More Trending

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On CFOs’ mind: Generative AI to profitability

CFO News

​The Q3 2023 CFO survey found that 28% of CFOs are pessimistic about the economy, which represents a seven percentage-point increase since last quarter. However, more than three-fourths (76%) of finance leaders predict net profit growth, with just over half (52%) saying their organisations will grow profits by more than 5%.

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Former FTX CEO found guilty of fraud

CFO Dive

Nearly a year after the collapse of his $40 billion cryptocurrency exchange, former FTX CEO Sam Bankman-Fried was found guilty Thursday on seven federal counts.

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At 58.4, India’s services sector growth drops to seven-month low in October as demand cools

CFO News

Services Sector: The rate of new business received by companies was at the weakest level since May, yet grew for the 27th consecutive month.

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PayPal CEO pledges ‘leaner’ business, names new CFO

CFO Dive

Alex Chriss, who took the top post in September, tapped a new finance chief Wednesday and pledged to better focus the digital payment company's strategy.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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Kitces & Carl Ep 124: When Clients Evolve Out Of Your Niche Specialization Should You Stay Or Go (Or Not)

Nerd's Eye View

Many financial advisors have found that serving a client niche not only helps them run a more efficient firm (as they work with clients facing similar planning issues), but also attracts more new clients (as they are able to offer a unique value proposition for clients within the niche). Notably, though, while certain clients are likely to stay within the niche throughout their lives (e.g., retired clients tend to remain retired until their deaths), other clients might 'evolve' out of the niche

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Navigating the First 100 Days: A Guide for New Middle Market Private Equity Backed CFOs

E78 Partners

The role of a CFO in middle and lower middle market private equity-backed companies is challenging, especially when you may be the first CFO in the company’s history. For starters, PE investors demand a level of rigor, insightfulness, and timeliness around financial reporting and KPIs at a higher level of sophistication than the organization is used to.

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The advantages of proactively managing security risks

Future CFO

Proactively managing security risks has its own advantages, especially considering the fast pace of digital transformation around the world. Organisations keep up with the changes and finance leaders lean on measures to mitigate any potential risk. According to KPMG 's Global Tech Report 2023 , among the advantages of proactive security risk management include improving the success rates of transformation projects, building trusted relationships with a wide range of stakeholders including custom

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Go First lenders to meet Monday, stare at Rs 6,500 crore in losses

CFO News

Lenders to the insolvent airline Go First will likely meet to assess a fund-infusion plan into the grounded carrier. However, regulatory approval for lessors to repossess leased aircraft is making it unviable for bankers to commit fresh money to the first case of voluntary bankruptcy in Indian aviation.

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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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FX risk mitigation: Nium launches Global FX

Future CFO

Nium announced recently the launch of Global FX, a product built for FX risk mitigation and transparency in global money movement. The Singapore-headquartered cross-border payments company said Global FX allows for guaranteed and competitive FX rates so that users can do a better job in FX risk mitigation. One of the product's capabilities allows users to lock and hold an FX rate for up to 24 hours and settle FX conversions on a future scheduled date, which helps businesses mitigate the risk of

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Finance ministry not inclined to charge up FAME 3

CFO News

According to officials, the government is of the view that the EV market has reached a point of maturity. Besides, support is also being offered under performance-linked incentives for battery, and auto component manufacturing.

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The importance of mentoring aspiring finance leaders

Future CFO

Many chief financial officers, if not all, undeniably aspire to take on the top job of their organisations one day in the future. Although this aspiration is not new, this raises two key considerations: the need for finance leaders to stretch their skills and the importance of developing new talent to fill the CFO role when incumbents move to a CEO position.

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Diamond industry plans to cut bank financing by a third

CFO News

India's diamond industry plans to reduce its bank financing requirements by a third, targeting $4 billion for the current fiscal year, down from $6 billion in FY23. This comes amid a slowdown in global demand. Traders are focusing on clearing existing inventory rather than accumulating more, which would necessitate additional borrowing.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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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Reimagining Possibilities: SVB - A Division of First Citizens Bank

FISPAN

Today we had the chance to sit down with Savit Pirl, Managing Director overseeing Digital Payments, Lending, and Automation for Silicon Valley Bank (SVB), and Lisa Shields, CEO of FISPAN.

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Cross-border norms bring ePay companies directly under RBI watch

CFO News

Rbi Cross-border Rules: With regulatory clarity comes an opportunity to attract more venture money to tap into the burgeoning export-import market of a growing economy.

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Fractional CFO Qualifications: What 5 Things Should You Look For When Hiring a Fractional CFO?

Adam Kae

Fractional CFO Qualifications Congratulations! Your company has grown to the point where the guidance of a Fractional CFO can, well, guide you. Hiring a Fractional CFO, however, is not a decision to be taken lightly. Just with any leading executive position, a Fractional CFO’s decisions can greatly affect the company for years to come. You need to look for the right talent.

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India is a great, unique investment destination: Manny Maceda, CEO , Bain & Co

CFO News

"It’s a time where all global companies and investors are revisiting where to invest, where to play, what industries, what countries… and guess what? India comes out as a place that is a very attractive place to be," says Maceda.

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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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A Modern Nonprofit Podcast: Crafting Impactful Events in a Virtual World

The Charity CFO

Elias Puurunen joins us today as an author, entrepreneur, and founder of Tractus Events. His origin story is an example of the opportunity that exists in our world. Elias was asked if he knew of an app that could track attendance for an annual insurance trade show. Without hesitation, he built a system that could complete the task. From there he was asked to come back and serve once more during a two-day educational event, and at that point his brand Tractus Events was here to stay.

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Adani Green is in talks to borrow a $1.8 billion loan

CFO News

Adani Green Energy, the renewable energy company owned by Indian billionaire Gautam Adani, is reportedly in discussions with a consortium of foreign lenders to secure a loan of up to $1.8 billion. Sources familiar with the matter have indicated that the funds from this loan will be earmarked for the expansion of Adani Green Energy's solar and wind energy projects.

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How to Run a Successful Giving Tuesday Campaign

The Charity CFO

In late November and early December, most people are thinking about the upcoming holidays. But charities and nonprofits are focused on one of the most important days of their year – Giving Tuesday. Since it was first organized more than a decade ago, it’s become a significant part of the financial picture for many nonprofits, who look forward to a surge in donations related to the giving-focused event.

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UPI in Sri Lanka soon, talks on economic pact in progress: FM Sitharaman

CFO News

Sitharaman said both nations are further "deepening our civilisation ties" with connectivity as the new focus area. "As we enhance connectivity between our two countries, we build enduring bridges of experiences and opportunities for our peoples. We weave a future with shared prosperity, overcoming the challenges of the past," said the minister, who is on a visit to Sri Lanka.

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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.