CFO Dive

NOVEMBER 22, 2023

Consumer sentiment sagged this month, a survey showed, bolstering forecasts that holiday sales and consumer spending will decline in coming weeks.

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Forecasting Sales 288

Barry Ritholtz

NOVEMBER 22, 2023

We spend way too much time trying to predict the future (especially this time of year). Rather than engage in futility, let’s look at the coincident indexes in all 50 states over the past 3 months, via the Federal Reserve Bank of Philadelphia (October 2023). Note: I have been occasionally eyeballing this map since 2008 , and it does a good job of showing the overall trend of the economy (on an obvious lag).

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Banking 141

CFO Dive

NOVEMBER 22, 2023

Zoom is one of many companies that have been betting heavily on the future of artificial intelligence following the rapid rise OpenAI’s ChatGPT service.

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CFO 260

CFO News

NOVEMBER 22, 2023

Delving into the fervor of cricket World Cup, seasoned finance expert Robin Banerjee extracts business insights. From embracing unpredictability to deciphering psychological strategies, he uncovers invaluable lessons, linking the cricketing arena to the dynamic world of business and finance.

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Finance 111

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Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.

Compliance

CFO Dive

NOVEMBER 22, 2023

A robust FP&A team is critical for businesses to be able to properly plan for the future, Cover Genius CFO David Rudow said.

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Nerd's Eye View

NOVEMBER 22, 2023

For all of the myriad ways financial advisors can structure and run their practices, firm owners generally encounter similar stages in the development of their firms. At some point, solo advisors will need to decide whether to increase their headcount, and an ensemble practice may later evolve into a centralized brand with significant enterprise value.

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Sales Compliance Economics Investments 87

CFO News

NOVEMBER 22, 2023

Despite escalating geopolitical tensions, a Dun & Bradstreet India survey reveals a robust 9.1 per cent surge in CFO optimism for Q4 2023. CFOs express confidence in financial conditions, emphasizing adaptability to high-interest rates while noting concerns in the industrial sector.

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CFO 104

Future CFO

NOVEMBER 22, 2023

Adopting a good and progressive generative artificial intelligence mindset is essential in today's journey to technological advancements in the finance function. This requires a shift from traditional ways of thinking to a more adaptive, collaborative, and forward-thinking approach. So what exactly is the right generative AI mindset? It is important that finance leaders get to understand that generative AI is a tool--that it will not do their jobs for them, but rather they'll utilise it to do th

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Finance Technology CFO 52

CFO News

NOVEMBER 22, 2023

The financial affairs of IL&FS Group came under scrutiny in 2018 after it defaulted on short-term and long-term debt obligations to the tune of Rs 91,000 crore. IL&FS Financial Services (IFIN) was audited by BSR, a KPMG-affiliated firm, in FY19 and jointly by BSR and Deloitte in FY18. Deloitte was the sole auditor of the firm in FY16 and FY17.

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Auditing 97

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.

CFO

Future CFO

NOVEMBER 22, 2023

Business investment would increase though firms in many countries are dealing with the highest interest rates they have seen in years, said Grant Thornton recently. Globally, more than half of respondents the firm surveyed expect to increase investment across technology, R&D, and staff. Technology is the area most firms plan to invest in, with 61% of mid-market firms expecting this to happen over the next 12 months, up from 57% in the second half of 2022, Grant Thornton’s survey indicated.

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Investments Leverage Technology Economics 52

CFO News

NOVEMBER 22, 2023

Clix Capital: Gagan Aggarwal does not foresee a significant change in the NBFC’s funding mix.

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CFO 69

Future CFO

NOVEMBER 22, 2023

Accountants play a role in helping out people who lack the foresight of what happens in the future of their properties, holding a crucial and very important position in the process of estate planning. This comes into play when properties are left behind by an incapacitated or deceased person, which often leads to tax and legal cases, and in many situations, family disputes.

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Accounting Planning Auditing Leadership 52

CFO News

NOVEMBER 22, 2023

Airtel has reportedly appointed a clutch of investment banks, including Axis Capital, SBI Caps, IIFL and ICICI Securities to start the IPO process. The listing is likely to be concluded by early-2024. Industry experts, though, said the government's expectations of raking in around Rs 10,000 crore from a potential divestment of its 30% stake in Bharti Hexacom is more than three times higher than an earlier valuation conducted by brokerage J M Financial some two years ago.

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Valuation Securities Investments Banking 52

Advertiser: Paycor

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!

Centage

NOVEMBER 22, 2023

In the detail-oriented world of finance, where precision and foresight are paramount, financial professionals often grapple with the daunting task of consolidating multiple Profit & Loss statements (P&Ls). This process, while essential for gaining a comprehensive view of a company’s financial health, comes with a specific set of challenges, especially for growing businesses with multiple corporate entities, locations, or product/service lines.

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CFO News

NOVEMBER 22, 2023

The legroom, or seat pitch in industry jargon, in IndiGo's Airbus A320 and A321 aircraft is 30 inches on average at present, with three seats on each side. The airline is yet to determine how much more it will charge for premium seats, but customers who pay extra will receive priority boarding, complimentary in-flight food, and greater flexibility to make changes to their itinerary, said the person.

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Planning 52

FISPAN

NOVEMBER 22, 2023

In this Employee Spotlight, we’re getting to know Santiago Henao, our Product Consultant at FISPAN. As part of the Service Operations team, Santiago provides demos to our partnered banks and their clients, showcasing how our plugin improves a company’s accounting processes.

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Accounting Banking 52

CFO News

NOVEMBER 22, 2023

Naveen Jindal group company Jindal Power, which had submitted an expression of interest for Go First, has decided not to submit a financial bid for the airline after a month-long due diligence, the company told the airline's bankers on Tuesday.

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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

Investments

Barry Ritholtz

NOVEMBER 22, 2023

My mid-week morning Turkey travel day reads: • The Hidden Hero Fueling Soft-Landing Hopes: A Boost in Supply : Rising labor force, productivity lowered inflation despite still-strong growth, taking pressure off Fed to raise rates. ( Wall Street Journal ) • The New Economic Geography of the Housing Shortage : How the Pandemic Accelerated Home Price Increases in America’s Once-Affordable Areas. ( Apricitas Economics ) see also How Everybody Miscalculated Housing Demand (2021) : The hangover

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Construction Transportation Economics Startups 111

CFO News

NOVEMBER 22, 2023

The Department of Telecommunications (DoT) had notified the PLI scheme for telecom and networking products in February 2021 with an outlay of ₹12,195 crore. A total of 31 companies were given approval on October 14, 2021 for the scheme, which offers incentives in the range of 4% to 7% for different categories and years. For MSMEs, a 1% higher incentive is proposed in year 1, year 2 and year 3.

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CFO News

NOVEMBER 22, 2023

Used Car Startups Revenue: Value-added services like financing and insurance get attention as ‘growth-at-all-costs’ push takes backseat.

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Startups Finance 52

CFO News

NOVEMBER 22, 2023

These firms have now written to the government to seek certification for manufacturing units in other Asian nations, a senior government official said. But the government is reluctant to certify factories located even in some Asean countries with which it has a free-trade pact.

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Manufacturing 52

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.

Accounting

CFO News

NOVEMBER 22, 2023

In absolute terms, the default amount involved in the withdrawn cases was almost three times the Rs 3.16 lakh crore realised through the resolution of a total of 808 insolvent firms under the IBC until September 2023. The recovery from these 808 rescued firms constituted 31.85% of the creditors' claims that were endorsed by the NCLT.

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CFO News

NOVEMBER 22, 2023

The survey further reveals that not only has the refund timing been reduced, individual taxpayers have also reported simplification of the refund process with 90% of taxpayers getting automatic refunds. Also 75% of the individual taxpayers did not have to pay extra tax beyond the tax deducted at source (TDS).

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CFO News

NOVEMBER 22, 2023

Addressing the media after the virtual summit of G20 leaders, the last such top-level huddle under India’s presidency, Sitharaman said the road map also provides for “identifying appropriate strategies and outlining how to enhance the capabilities and capacities of these economies to face the risks” emerging from crypto assets.

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Finance 52

CFO News

NOVEMBER 22, 2023

HSBC India CEO Hitendra Dave said though technology has made banking easier, the risks are sometimes unknown. He cited the example of the ransomware attack on the world's largest lender by assets Industrial and Commercial Bank of China (ICBC) earlier this month which forced the bank to re-route trades using spreadsheets stored on portable drives and accessing the internet using dongles.

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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.

Accounting