Wed.Dec 20, 2023

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Fifth Third shakes up executive suite

CFO Dive

The Cincinnati lender is getting a new COO, CFO and treasurer, all from the inside.

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Byju's approves FY22 results, reappoints BDO as auditor at AGM

CFO News

The three-hour-long AGM witnessed the active participation of 60 shareholders. Although resolutions were approved, the extended and tumultuous nature of the meeting brought forth shareholder inquiries regarding auditor concerns.

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FASB at 50: Under the gun to modernize GAAP

CFO Dive

With its anniversary year drawing to a close, there are signs FASB is stepping up the pace of its standards setting. Some finance executives are wary.

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S Kumars Nationwide Ltd case: NFRA slaps 5 year ban on an auditor

CFO News

The National Financial Reporting Authority (NFRA) on Wednesday slapped a five-year ban on an auditor for professional misconduct in the matter of S Kumars Nationwide Ltd for FY 2013-14. The audit regulator also imposed a fine of Rs 5 lakh on Shyam Malpani, who was the engagement partner and signed the independent auditor's reports and the financial statements of S Kumars Nationwide Ltd (SKNL) for the period April 2013 to September 2014.

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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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Marshaling the right GenAI data strategy: EY

CFO Dive

To drive effective financial transformation with AI, organizations need to ensure the “fuel” for the technology is there, EY experts say.

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ChatGPT’s ‘winter break’ is the latest sign of model drifts

CFO Dive

Unexpected changes in large language model behavior could disrupt the rest of an organization’s software or data science pipeline, researchers say.

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Implementation Questions To Properly Prioritize And Address To-Dos For Consistent Follow-Through

Nerd's Eye View

After a financial advisor and their client have agreed on a financial plan, there are usually a lot of good feelings going around. The causes of the client's worries have been identified, there's agreement on the steps that will get the client to where they want to be, and all that's left is to take action to implement the plan. But while it seems like the momentum of the earlier steps of the planning process should carry through into the implementation stage, all too often, the opposite occurs:

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Best Workforce Planning Software Tools for 2024

The Finance Weekly

If you're in charge of a team, you understand the importance of using ,, workforce planning software in today's business world. Without the right tools tailored to your company's needs, it's challenging to keep up and stay competitive. This article will highlight essential features to seek in workforce management tools and then introduce some top choices to enhance your workflow.

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DOMS would like to maintain EBITDA margins at 15-16% across categories: CFO

CFO News

“We will first want to focus on growth in terms of top line and margins will take care of themselves. With a lot of operating efficiencies coming in, margin should take care of itself but we follow our mantra of “nothing at the cost of market and nothing at the cost of margin. So we will balance both together.

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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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A Modern Nonprofit Podcast: Turning Things Around with 180 Management Group

The Charity CFO

180 Management Group is an operations consulting firm that specializes in operational strategy and design, specifically for nonprofit organizations. Led by Miriam Dicks and our guest on today’s show, 180 Management Group believes that people are their biggest asset. After all, typically the highest expense on an income statement is the salary and benefits component, so employees are certainly the key to an organization’s success. 180 MG believes that how they serve their people ultimately tran

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Kapish Jain on what RBI circular on transactions pertaining to AIFs mean

CFO News

“If any of your debtors who are under stress and if you are moving into an AIF, now either you would need to offload them within 30 days, liquidate it entirely or you make a 100% provision and the mandate is that those debtors who were in your book in the previous 12 months before you move in into an AIF structure.

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FCF Interest & Corporate Loan Monitor Q3/2023 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is pleased to publish the new “FCF Interest & Corporate Loan Monitor Q3/2023”. FCF regularly conducts comprehensive research regarding the German corporate loan and interest market, based on publically available. Read more The post FCF Interest & Corporate Loan Monitor Q3/2023 published appeared first on FCF Fox Corporate Finance GmbH.

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Central Goods and Services Tax (Second Amendment) Bill, 2023 passed by Rajya Sabha

CFO News

The Rajya Sabha has passed the Central Goods and Services Tax (Second Amendment) Bill, 2023, extending the upper age limit for the GST Appellate tribunal Chairman to 67 years from 65. The bill also allows advocates with 10 years of experience, specializing in indirect taxes, to be eligible for tribunal membership.

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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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G2 awards Cube 30 badges and multiple top spots for Budgeting and Forecasting (Winter ‘24)

Cube Software

Breaking news: Cube receives 30 badges in G2’s Winter Report In addition to earning top spots for Budgeting and Forecasting , Cube’s G2 badges were earned across several disciplines, including Corporate Performance Management , Financial Close , and Financial Analysis.

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Simplified taxation regime can help to empower the MSME sector: FISME

CFO News

The roundtable session deliberated the bottlenecks faced by MSMEs within the e-commerce sector under the current GST regime and offered recommendations to promote ease of doing business.

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Best Workforce Planning Software Tools for 2024

The Finance Weekly

If you're in charge of a team, you understand the importance of using ,, workforce planning software in today's business world. Without the right tools tailored to your company's needs, it's challenging to keep up and stay competitive. This article will highlight essential features to seek in workforce management tools and then introduce some top choices to enhance your workflow.

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From Musk to Mittal, Ambani to Amazon: Why such a big race for satcom?

CFO News

Internet communication in India has a new battleground called "satcom," different from regular networks. Indian and foreign firms compete for satellite spectrum to access the internet. Disagreements on spectrum allocation methods divide the industry: some prefer government allocation, others auctions. The competition is intense due to more players, including foreign giants like Elon Musk's Starlink and Amazon, unlike the limited private telecom market with Reliance Jio, Bharti Airtel, an

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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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The value of emotional intelligence in the accounting profession

Future CFO

Accounting professionals are often tangled within intricate financial landscapes, working against tight deadlines and managing complex regulations. This demand for accuracy and efficiency can undeniably breed a high-stress environment, highlighting the importance of integrating emotional intelligence into stress management strategies. The distinct stressors accountants face stem from cyclic nature of peak periods, such as tax seasons, which intensify the workload, leading to increased stress.

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UltraTech Cement receives GST demands and penalty of over Rs 20 lakh

CFO News

The first order passed confirming GST demand of Rs 17,60,661, interest as applicable and penalty of Rs 1,76,066 while the second order is for GST demand of Rs. 54,252, interest and penalty of Rs. 20,000.

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New year, new plan: mapping your 2024 finance strategy

Cube Software

Q&A: Planning with the pros The weeks leading up to the new year can be especially stressful for finance leaders.

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Vedanta Resources confident of bond recast plan success

CFO News

An ad hoc group holding two guaranteed bonds of Vedanta Resources (VRL) has advised investors to reject the proposed bond restructuring outlined in the consent solicitation released on December 13. The ad hoc group includes holders of $1 billion 13.875% bonds due in January 2024, $1.2 billion 8.95% bonds due in March 2025 and two other bonds.

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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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Streamlining financial operations: Singapore optimistic towards AI

Future CFO

When it comes to streamlining financial operations, Singapore shows strong optimism towards AI to improve business and financial resilience, said BlackLine recently when releasing results of its survey. An overwhelming majority of Singapore respondents said that generative AI (88%), new kinds of AI (85%) and cloud computing (85%) are essential for streamlining financial operations and improving business resiliency in the face of future disruption, the firm pointed out.

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How much will GST impact Budget math?

CFO News

High GST boosts government revenue, aiding fiscal health, infrastructure, and social programs, enhancing economic stability and investor confidence.

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India's total debt rises to Rs 205 lakh crore in Sept quarter

CFO News

The total outstanding bonds traded in the market, representing the country's total debt, increased to USD 2.47 trillion (Rs 205 lakh crore) in the September quarter. In the March quarter of the previous fiscal, the total debt amount was USD 2.34 trillion (Rs 200 lakh crore).