Wed.Jan 31, 2024

article thumbnail

Fractional CFO Explained

CFO Share

What is a fractional CFO? A fractional CFO is a part-time CFO for small companies. It is a cost-effective way for small businesses to utilize professional finance and accounting without the commitment of a full-time employee. Thanks to cloud-based bookkeeping , fractional CFOs have recently become accessible to even the smallest companies. Why would I hire fractional CFO services?

CFO 52
article thumbnail

Fed holds main rate steady, wants ‘greater confidence’ inflation falling

CFO Dive

The central bank in a statement dropped a prior reference to “additional policy firming” but gave no support to market expectations that it will soon reduce interest rates.

Banking 283
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

At the Money: Forecasting Recessions

Barry Ritholtz

At the Money: Forecasting Recessions with Claudia Sahm (January 31, 2024 ) Investors don’t like recessions. But how can they tell if one’s coming? There’s an indicator for that. It’s called the “Sahm Rule,” named for economist Claudia Sahm. In this episode, we discuss how to use labor data to forecast recessions.

article thumbnail

CFO Dive’s 2024 outlook roundup: Trends to watch

CFO Dive

Cooling inflation, an M&A rebound and an AI reckoning are among the top forces that could shape the corporate finance world this year.

article thumbnail

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

article thumbnail

Union Budget 2024: FM Nirmala Sitharaman Speech Highlights

CFO News

India Inc braces itself for the interim budget for 2024-2025 to be announced soon. Finance Minister Nirmala Sitharaman, will be presenting her sixth union budget, rather than a full Budget ahead of the General Election in 2024.

Budgeting 105

More Trending

article thumbnail

Family feud over Rs 11,000 crore Godfrey Phillips inheritance: Samir Modi challenges mother Bina Modi in SC

CFO News

Samir Modi, son of late KK Modi, has taken legal action against his mother, Bina Modi, accusing her of mishandling the family's Rs 11,000 crore inheritance. The dispute involves the distribution of the Godfrey Phillips stake and other Modi group shares. Samir, previously aligned with his mother, now supports his brother Lalit in seeking immediate implementation of the trust deed.

98
article thumbnail

SEC wins legal victory against former tech CFO in accounting fraud case

CFO Dive

Former CFO Karen Rosenberger is accused of helping software provider Synchronoss to engage in “long-running accounting improprieties.

CFO 267
article thumbnail

Directorate General of GST Intelligence to have 1st digital forensic lab in Gujarat

CFO News

The Directorate General of GST Intelligence (DGGI) has established its first digital forensic lab in Ahmedabad, aimed at enhancing the detection of tax evasion and improving recovery efforts with digital evidence. The lab is equipped with advanced data handling and retrieval tools, as well as the latest data analytics technology to prevent and combat complex financial crimes.

article thumbnail

Healthcare CFOs explore M&A, automation and service line cuts in 2024

CFO Dive

Companies grappling with liquidity concerns are looking to cut costs and streamline operations, according to a new survey.

article thumbnail

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.

article thumbnail

Using A Testamentary Charitable Remainder Unitrust (T-CRUT) To Give Twice To Both Loved Ones And Charitable Organizations

Nerd's Eye View

In late 2019, Congress passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act, introducing several significant changes to retirement planning. Of the many provisions in the bill, the so-called "Death of the Stretch" arguably received the lion's share of consternation from the financial advisor community. Under the new law, non-spouse beneficiaries (with few exceptions) must now withdraw the entirety of an inherited IRA within 10 years of the account owner's passing rather

article thumbnail

FM raises capex expenditure by 11.1% to Rs 11.1 crore

CFO News

Capex: Brokerages had predicted that there would be be a slowdown in capital expenditure growth with focus shifting towards alleviating rural stress

105
105
article thumbnail

Risks, challenges CFOs expect in 2024

Future CFO

Chief financial officers step into the new year with strategies in mind for the benefit of their organisations as a whole. The global economy looks set to grow slowly once again in 2024, and downside risks remain, according to Jonathan Ashworth , chief economist at the Association of Chartered Certified Accountant. Jonathan Ashworth "The lagged impact of past monetary tightening could lead to an even more pronounced slowing in growth, and geopolitical risks remain very heightened, while the busy

article thumbnail

Union Budget 2024: Nirmala Sitharaman arrives at the parliament, meets President Murmu

CFO News

Union Budget 2024: This will be FM Sitharaman's sixth budget in a row. By reading out the Interim Budget for FY 2024-25, Sitharaman will surpass the record of her predecessors such as Arun Jaitley, Manmohan Singh, P Chidambaram, and Yashwant Sinha, all of whom have presented five Budgets in Parliament.

article thumbnail

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.

article thumbnail

The Mentoring Round | Dennis Johnson, CFO, Qlik

CFO Thought Leader

970: Growing in Good Company | Dennis Johnson, CFO, Qlik The post The Mentoring Round | Dennis Johnson, CFO, Qlik appeared first on CFO THOUGHT LEADER, CFO, Finance, Leadership, CPA.

CFO 40
article thumbnail

Budget Highlights 2024: Sitharaman gets Dahi Shakkar blessings from President Murmu

CFO News

Budget Highlights 2024: The Modi government is striving for consistent economic growth despite geopolitical uncertainties, with ongoing initiatives designed to support farmers, women, and those facing economic challenges. There is a possibility that the government will steer clear of widespread privatization of state-owned enterprises and stick to moderate divestment goals.

article thumbnail

Data Update 5 for 2024: Profitability - The End Game for Business?

Musings on Markets

In my last three posts, I looked at the macro (equity risk premiums, default spreads, risk free rates) and micro (company risk measures) that feed into the expected returns we demand on investments, and argued that these expected returns become hurdle rates for businesses, in the form of costs of equity and capital. Since businesses invest that capital in their operations, generally, and in individual projects (or assets), specifically, the big question is whether they generate enough in profits

article thumbnail

Paytm Payments Bank told to halt services by February-end

CFO News

The Reserve Bank of India, in a notification issued on Wednesday, has barred Paytm from offering all basic payment services, including Unified Payments Interface, IMPS, Aadhaar-enabled payments and bill payment transactions, effective February 29.

Banking 52
article thumbnail

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.

article thumbnail

US Fed holds key rate steady, says risks becoming more balanced

CFO News

The US central bank confirmed in a statement that it was holding its benchmark lending rate steady between 5.25 percent and 5.50 percent, and said it is unlikely to start cutting rates without "greater confidence" that inflation is moving "sustainably" towards its long-term two percent target.

article thumbnail

India Inc makes little headway in getting new-gen chip technology

CFO News

Negotiations for joint ventures by top conglomerates such as Tatas and Vedanta with potential partners, especially from Taiwan, have made little headway due to firm terms. Global companies are adopting a wait-and-watch approach and prefer to go on their own due to technology transfer fears. Reliance Industries is also evaluating the market potential.

article thumbnail

Interim Budget: Fiscal challenge in poll season

CFO News

The interim budget will be watched closely for what it does to maintain the current high rate of growth. Will it prioritise much-needed fiscal consolidation and shun pre-election populism? Can the budget find the resources to continue the high capital expenditure while setting aside more for welfare spending?

article thumbnail

Budget 2024's key task involves taming a wild inflation hurting Indians

CFO News

Union Budget: The upcoming interim budget holds critical significance for India amid soaring prices, demanding strategies to curb inflation. The government grapples with measures to rein in inflation, which started the year at 6.5%. Policies targeting food supply volatility might stabilise inflation. Finance Minister Nirmala Sitharaman could introduce fiscal measures to counter rising prices and manage inflation.

article thumbnail

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

article thumbnail

IT campus hiring tumbles to two-decade low

CFO News

Indian software services companies will end FY24 having hired between 70,000 and 80,000 fresh engineers —the lowest intake in over two decades. The decline in fresher hiring marks a significant climbdown for a sector that was once regarded as the uber force on college campuses.

52
article thumbnail

Layoffs at big internet firms keep staffers at startups on the edge

CFO News

The new year has begun on a sombre note for people working in large and well-capitalised startups as companies like Swiggy, Flipkart, and Paytm are laying off a sizable chunk of their teams.

article thumbnail

Restrain ZEE from seeking relief from NCLT or other courts: Sony to SIAC

CFO News

Sony Group-owned Culver Max Entertainment and Bangla Entertainment have urged the Singapore International Appellate Tribunal (SIAC) to restrain Zee Entertainment Enterprises (ZEE) from seeking legal remedies from NCLT or any other court in India or elsewhere. Sony alleges that Mad Man Film is a proxy for ZEE and has requested an order to prevent ZEE from seeking remedies related to the merger cooperation agreement during the contractual disputes.

article thumbnail

Core sectors' growth slows to 3.8% in December from 7.9% in November

CFO News

In December, India's core sectors recorded a 3.8% YoY growth, down from 7.9% in November, according to government data. The Index of Coal Industry (ICI), measuring performance in eight key sectors, showed growth in all but crude oil, which declined by 1%. The coal sector led with a 10.6% increase, while natural gas rose by 6.6%. The Eight Core Industries constitute 40.27% of the Index of Industrial Production.

52
article thumbnail

Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.