Wed.Jan 03, 2024

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73% of accounting students lack money for gaining CPA license

CFO Dive

To stem a talent shortage, accounting firms need to reach out to potential CPAs well before they select their college majors, according to a CPA association.

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Supriya Lifescience CFO aims for Rs 1,000 crore revenue by FY27, advocates R&D policy changes in Budget 2024

CFO News

Supriya Lifescience, charts an ambitious path to achieve Rs 1000 crores in revenue by FY27. CFO Krishna Raghunathan outlines robust growth strategies, capital positions, and a keen focus on innovation in this comprehensive update.

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Trending Sources

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Finding the profitability, growth balance: Kaseya CFO

CFO Dive

Taking a strategic approach to hiring and investment can aid CFOs looking to place their companies on the path to hypergrowth, Kaseya’s finance chief said.

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4th Quarter 2023 Economic And Market Outlook: Labor Market, Inflation, And Geopolitics

Nerd's Eye View

Niels Bohr famously observed that "Prediction is very difficult, especially if it's about the future!" The sentiment is especially poignant when it comes to economic forecasting, as it's nearly impossible to get an accurate picture of the current state of the economy at any given moment. As a result, uncertainty about how the economy may unfold, even along the shortest time frames, is the default.

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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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IRS unlocks 15% corporate minimum tax’s handcuffs

CFO Dive

The guidance is the latest in a slew of IRS directives issued as questions have swirled around the new tax on big companies.

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More Trending

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Walmart vet tapped for Innovative Food’s CFO seat

CFO Dive

Gary Schubert is taking over the finance reins of the struggling gourmet food company after a 15-year stint at Walmart.

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Deloitte: Asia-Pacific CFOs focus on revenue growth in 2024

Future CFO

Chief financial officers in the Asia-Pacific region will be zeroing in on revenue growth for the next 12 months, according to a survey by Deloitte. The Asia-Pacific CFO Survey, which asked 276 CFOs in the region across financial services, life sciences and health care, manufacturing, public sector, TMT, energy and resources, and consumer business, found that 62% of the respondents will be prioritising on the organisation's revenue in 2024.

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India Inc faces onslaught of GST demands as tax authorities try to meet deadline

CFO News

Several prominent Indian companies, including Hindustan Unilever (HUL), ICICI Bank, and LIC, faced tax demands on the eve of the new year as authorities strive to meet a five-year deadline for claim submissions. Notices range from input tax credit mismatches to demands for non-payment of tax on expatriate payments.

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What CFOs must watch out for in 2024

Future CFO

With the new year now up and running, finance leaders must be able to keep up with the trends that will dominate the market to be able to plan and strategise ahead. Among such trends are artificial intelligence, talent retention and upskilling , and ESG. Artificial intelligence Finance tools that are boosted by artificial intelligence are being adopted at an exceedingly rapid rate across various sectors.

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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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India's no longer 'fragile', can weather global market volatility

CFO News

In the face of global financial market turbulence, India's rupee appears more resilient due to a narrowed current account deficit (CAD) and bolstered forex reserves. Increased exports post-pandemic buffered the CAD, keeping it manageable at 2% in FY23 despite soaring commodity prices. Forex reserves, standing at over $600 billion, fortify the RBI's ability to stabilize the rupee, marking a significant contrast to a decade ago when India was tagged among the 'Fragile Five' economies.

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Global trade to rebound modestly: Allianz

Future CFO

Global trade is set to rebound modestly after two consecutive years of below-average global GDP growth, said Allianz recently when releasing its Global Economic Outlook 2023-25. As European countries are emerging from trade recessions and Asian countries (ex-China) are still benefiting from the reshuffle in global value chains, they will lead the rebound, the firm noted.

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Vodafone Idea's regulatory, corporate affairs director Balaji resigns, joins Air India

CFO News

In a statement Air India said, Balaji will assume his role at the airline on January 11, and will report to Air India CEO & MD, Campbell Wilson. He will oversee the government affairs, legal, ethics, sustainability, and corporate communications functions at Air India, among others.

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Q & A With Commercial Credit Group CEO

Commercial Credit Group

We sat down with CCG's President and CEO, Dan McDonough, to get his insights into this past year in order to help construction, manufacturing, transportation and waste hauling businesses make sense of the economic uncertainty, and prepare for what comes next.

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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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Adani Ports announces board rejig; Karan Adani named MD, Ashwani Gupta CEO

CFO News

Adani Ports and Special Economic Zone Limited has re-designated Gautam Adani and Karan Adani as Executive Chairman and Whole-Time Director & CEO, respectively, effective January 4. Ashwani Gupta will be appointed as Chief Executive Officer and Whole-Time Director for three years.

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Is unearned revenue a liability or an asset?

Cube Software

The nature of unearned revenue: explained Often referred to as deferred revenue, unearned revenue is what happens when a company gets paid for a job it hasn't done yet. Think of it as a customer's advance payment for a product or service that your company has promised to deliver later. This money, while in your cash account, isn't really 'yours' yet—it's sitting there with a condition attached.

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Wipro's case against former CFO Jatin Dalal referred to arbitration

CFO News

On January 3, Wipro and Dalal were directed to resolve the case under section 8 of the Arbitration Conciliation Act, 1996. The official order will be uploaded in the next week.

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CFOs' guide in talent outsourcing

Future CFO

The decision to outsource certain functions within the organisation has become a strategic choice for many companies seeking to optimise their operations. In a bid to maximise resources, be it funds or the people themselves, it is a business imperative for finance leaders and chief financial officers to determine whether outsourcing is the right fit for the business.

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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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Fed sees rates staying high for some time with cuts eyed in 2024

CFO News

The minutes indicated increased optimism among participants about the path of inflation, noting “clear progress.” The committee expressed a willingness to cut the benchmark lending rate in 2024 should that trend continue, though the timing of such a move remained uncertain.

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5 ways financial forecasting future-proofs your annual budget

Centage

As we ring in a new year and brace for all of the opportunities and challenges it will bring, one resolution should be near the top of the list for finance professionals: embracing flexible financial forecasting to future-proof your annual budget. Financial forecasting gives businesses the agility to adapt to changing conditions. Depending on how insulated your industry is from change, such agility in the financial forecasting process might be an advantage, or it might be an absolute necessity.

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Future enterprises' lenders appoint PwC as sale advisor

CFO News

Lenders have divided FEL into three clusters. The first is the company's stakes in its life and general insurance ventures with Italian partner Assicurazioni Generali S.p.A. Banks are hoping for some recovery from FEL's remaining 26% stake in Future Generali India Insurance Co and also its residual stake in Future Generali India Life after Generali hiked its stake to above 70% in 2021.

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Go First sets up co with former staff to deal with leasing firms

CFO News

Bankrupt airline Go First has floated a company with its former employees to work closely with the leasing companies.

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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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Companies tightening contracts to make exit tough for senior executives

CFO News

Indian cos are tightening employment contracts for top executives to make them more binding by incorporating stricter non-compete and non-solicitation clauses. This is in response to intense competition for senior talent and rampant poaching of C-suite brass. Contracts and policies are being made tighter to make an exit difficult, including longer notice periods and extended non-poaching contracts.

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Govt may amend IT Act to add new rules for AI, GenAI models

CFO News

The amendments to the IT rules are likely to mandate that GenAI platforms which use artificially intelligent algorithms or language models to train their machines are free from “bias” of any kind.

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How Adani built a $15 billion bulwark against Hindenburg attack

CFO News

Adani Hindenburg Case: The Supreme Court today directed the Securities and Exchange Board of India (Sebi) to complete its probe into the remaining two cases of alleged violations by the Adani companies within three months. However, it decided not to order a probe by a special investigation team or the Central Bureau of Investigation. Clearly, Adani did not wait to see the course of the Hindenburg affair but went ahead with business as usual.

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Adani-Hindenburg row: "Truth has prevailed", says Gautam Adani after SC ruling

CFO News

Minutes after the Supreme Court on Wednesday declined to transfer the probe into the Adani-asserted in his first reaction that "truth has prevailed.

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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.