Wed.Nov 29, 2023

article thumbnail

For GenAI-backed accounting, CFOs can’t ‘learn as you go’

CFO Dive

CFOs need to develop a business-wide plan for GenAI’s use, create clear data practices and ensure accountability to incorporate the technology into accounting effectively.

article thumbnail

Global slowdown could impact demand in India, says Assocham Secretary General

CFO News

ASSOCHAM's Deepak Sood flags the risks of global economic slowdown impacting India's demand and exports. He also notes domestic challenges like uneven monsoons and rising interest rates. Despite concerns, Sood projects India's growth at over 6.5 epr cent, emphasizing resilience.

Economics 116
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

AMC Networks expects ‘no material impact’ from Hollywood strikes

CFO Dive

Despite now-resolved labor strikes that brought Hollywood to a standstill, AMC Networks is “set up well going into 2024,” CFO Patrick O’Connell said.

CFO 269
article thumbnail

Advice Engagement Tools For A More Dynamic VIP (Visualization, Interaction, and Process) Planning Experience

Nerd's Eye View

The traditional way that most financial planning has been offered was for an advisor to create "The Plan": a comprehensive document outlining a client's financial strategy that was delivered either on a one-time basis or updated annually. However, as the industry has shifted towards an ongoing relationship model, advisors have felt compelled to demonstrate consistent value to their clients throughout the 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

MGM CFO expects insurance to cover cyberattack costs

CFO Dive

The Las Vegas-based casino and resort operator has pegged the costs of the September cyberattack that temporarily crippled operations at about $100 million.

CFO 267

More Trending

article thumbnail

Health care benefit costs surge 9.8%: WTW

CFO Dive

High inflation and strains from COVID-19 prolonged a trend of rising medical care costs.

289
289
article thumbnail

Report on Zee Sony merger risks collapse incorrect, clarifies Zee Entertainment

CFO News

Zee Entertainment has refuted a news report claiming that the Sony-Zee merger risks collapsing due to an eleventh-hour CEO drama. Zee stated that the report is "factually incorrect" and reiterated its commitment to working towards the successful closure of the proposed merger as per the approved Composite Scheme of Arrangement.

article thumbnail

Ralph Lauren veteran takes CFO job at Vince

CFO Dive

John Szczepanski takes on a role that has had significant turnover in recent months, as the struggling brand embarks on a turnaround.

CFO 144
article thumbnail

Q&A with finance leader: Lead with context, coach with content

Future CFO

Editor’s note: Kris Giswold (pictured), Senior Vice President, Finance, Asia Pacific, Middle East & Africa (AMEA), at Mondelez believes that female leaders can bring a diverse perspective and lens to the table to help companies make better decisions. The interview is part of FutureCFO's Fem ale Leadership in Finance Series. Kris Giswold, Senior Vice President, Finance, Asia Pacific, Middle East & Africa, Mondelez FutureCFO: When did you start to become interested in finance?

Finance 52
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

HCL inching close to chip unit in Karnataka, investment estimated at $400 million

CFO News

The facility will be "small-to-medium sized" with an estimated investment of about $400 million, they added. The group — best known for its $12.6 billion IT arm HCLTech — is in active talks with the state government, which has offered land both near the international airport in Bengaluru as well as in Mysuru.

article thumbnail

How finance leaders can prevail over data chaos

Future CFO

Harnessing data gathered from various channels can be helpful in a finance leader's operational skills as this enables him to look into various trends in a particular area of business. This in turn allows him to make better decisions in times of crucial moments for the organisation. But even though technological advancements have been popping up left and right especially after the COVID-19 pandemic situation, it is still a challenge for leaders in the financial function to prevail over data chao

Finance 52
article thumbnail

Income tax payable on winnings from online, offline games of chance

CFO News

E-commerce websites like Amazon, CRED, others oftentimes runs free to play gaming contests like spin-the-wheel and others. For the purpose of income tax these games are a game of chance and are taxed at flat 30% rate plus cess, etc. Nonetheless there are some things to consider if an individual has won prizes by playing similar offline or online games.

52
article thumbnail

How is Your Nonprofit Funded?

CFO Selections

Do you truly understand how your organization is funded? And do know why it matters that you do? Unfortunately, too often nonprofit leaders and board members only have a vague sense of how their organizations are funded and what that means for furthering their missions. This is a problem because funding is an integral part of an organization’s success , and the right funding mix is essential for the growth and maintenance of any nonprofit.

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

Fema breach: ED flags failure to submit papers, delays by Byju’s

CFO News

​​ET on November 21 reported online that ED confirmed issuing showcase notices for alleged violations of the Foreign Exchange Management Act (Fema) amounting to Rs 9,362 crore by Think & Learn and Raveendran.

article thumbnail

The Future of Syndicated Lending Demands Specialized Technology

CS Lucas

Syndicated lending has grown rapidly over the past decade to become an essential source of financing for large corporations and institutions. Under a syndicated loan structure, a group of banks join together to provide credit facilities and distribute risk across multiple lenders. Whereas a single bank may only be able to commit a few hundred million dollars, a syndicate can offer billion-dollar credit lines and term loans.

article thumbnail

Azure Power looks to buy back $60-M offshore bonds at par

CFO News

The move to buy back shares is seen as an attempt by the company to boost investors' confidence, which suffered a setback after its shares were delisted in July by the New York Stock Exchange due to its failure to disclose FY22 annual audited results within the mandated deadline. It eventually published its results on October 12, 2023.

article thumbnail

This is the end

The Reformed Broker

Ladies and gentlemen, this is the final post I will be publishing at The Reformed Broker. After today the site will be inactive, forever. I began this blog in November 2008 without any idea where it would take me. I had a negative net worth, was working at a dead-end brokerage firm job and absolutely no career prospects whatsoever – a washed up stock broker at 31 years old in the middle of a global financial crisis.

28
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

Working towards completing merger deal with Sony: ZEEL

CFO News

Zee Entertainment Enterprises has reaffirmed its commitment to completing the planned merger with Culver Max Entertainment, Sony Group Corporation's media unit in India. Responding to stock exchanges, ZEEL stated that it is actively working towards the successful closure of the merger, dismissing as factually inaccurate a Bloomberg article suggesting potential obstacles to the deal.

article thumbnail

How Bullish Were You in 2011?

Barry Ritholtz

I have a vivid recollection of the period following the Great Financial Crisis: I spent March to September of 2008 writing Bailout Nation and the post-Lehman collapse revising and updating the manuscript. The first two months of ‘09 were spent editing, and off I went on a well-deserved vacation in late February. When I finally came up for air, markets had been cut in half (peak to trough down 56%) and every sentiment indicator I tracked was the most extreme they’ve been in my professional

article thumbnail

Free foodgrain scheme gets five-year extension; to cost Rs 11.8 lakh cr

CFO News

The Union Cabinet has approved the extension of the PM Garib Kalyan Anna Yojana (PMGKAY) for another five years, starting from January 1, 2024. The scheme, launched in 2020 during the COVID-19 lockdown, provides 5 kg of free food grains (rice, wheat, and millets) per month to approximately 800 million poor people under the National Food Security Act.

article thumbnail

10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning train reads: • Charles T. Munger, Much More Than Warren Buffett’s No. 2, Dies at 99 A billionaire himself, he was the witty vice chairman of Mr. Buffett’s powerhouse investment firm Berkshire Hathaway. But he had far more influence than his title suggested. ( New York Times ) sse also Charlie Munger, Warren Buffett’s Partner and ‘Abominable No-Man,’ Dies at 99 As Berkshire Hathaway vice chairman, his sharp wit dazzled generations of investors. ( Wall Street Journal ) • Is Sh

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

India's antitrust body names new interim investigations head

CFO News

Sanjay Kumar Pandey has worked at the Competition Commission of India (CCI) for almost 14 years and is also an adviser in its advocacy and international cooperation division. He will now take on additional responsibilities as the Director General of the investigations unit, said an internal order dated Nov. 25 seen by Reuters.

52
article thumbnail

Corporate debt servicing improves despite higher interest cost

CFO News

Despite a 60 basis point (0.60 percent) increase in policy rates between September 2022 and September 2023, corporate debt servicing, as measured by the interest coverage ratio (ICR), improved from 4.49 in September 2022 to 5.64 in September 2023. This suggests that higher lending rates have not negatively impacted the debt-servicing capacity of Indian firms.

52
article thumbnail

India's growth to slow down further to 6.1% in FY25

CFO News

The Organisation for Economic Co-operation and Development (OECD) predicts that India's economy will slow down further to 6.1% in FY25 compared to the earlier projection of 6.3%. The slowdown is attributed to adverse weather-related events and a weakening international outlook. However, the OECD expects India's growth to pick up to 6.5% in FY26.

article thumbnail

US third-quarter economic growth revised up to 5.2%

CFO News

The U.S. economy's third-quarter growth was revised upwards to a 5.2% annualized rate, exceeding the previously reported 4.9%. The Commerce Department's Bureau of Economic Analysis released the second estimate, indicating the fastest expansion since Q4 2021. The revision was attributed to upgrades in business investment, state and local government spending, and residential investment.

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.