Thu.Sep 26, 2024

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7 Steps to Prepare for an IPO

CFO Leadership

Here’s how we see it: CFOs can build the operating foundation needed for an IPO now, then go public when the time is right for their business. Maybe that time is coming soon for you, since the initial public offering (IPO) market in the US is showing signs of waking up. There were 30% more IPOs in the first half of 2024 compared to the first half of 2023, according to EY’s 2024 IPO Market Trends report.

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No, not all companies are abandoning diversity, equity and inclusion. Here’s why.

CFO Dive

Amid a high-profile backlash, many businesses are scrutinizing their policies. But the vast majority end up sticking with DEI, in part because it’s key to growth.

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Nobody Knows Anything, The Beatles edition

Barry Ritholtz

In celebration of Abbey Road being released 55 years ago today (September 26, 1969), here is a short, Beatles-related excerpt from my upcoming book: “ How Not To Invest: The ideas, numbers, and behaviors that destroy wealth – and how to avoid them.” The book is being published ~March 18, 2025, and is available for pre-ording today.

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Ex-Guess Inc CFO takes top financial seat for retailer Puma

CFO Dive

Guess alum Markus Neubrand will replace 19-year Puma veteran Hubert Hinterseher as CFO next month as the retailer continues efforts to improve its brand desirability.

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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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Death of a young CA

CFO News

​If you read any research reports on India's growth story, they keep saying that the country’s best bet is its working-age population. But if one scrolls through the kind of stories people are speaking of, you’d wonder if we are indeed creating a conducive place for people to work.

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The role of automation in financial planning, forecasting

Future CFO

Organisations nowadays have devised their own automated system or set of systems catering to their specific needs. This is in the aim of producing timely financial data and other outputs, such as visualisations. According to non-profit research organisation APQC , when these systems are optimised and are able to produce reliable data that finance professionals and senior leaders trust, then automation can reduce the number of full-time equivalents (FTEs) needed in this area, even during busy sea

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Digital transformation startup Whatfix gets $125M boost

CFO Dive

The SoftBank-backed startup plans to enhance its product suite and expand its market presence globally.

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Deloitte: CFOs as pivotal leaders in sustainability in APAC

Future CFO

Chief financial officers are emerging as pivotal leaders in sustainability across the Asia-Pacific region, according to a new report by Deloitte. According to the Asia Pacific Mandatory Sustainability Reporting , which highlights the critical role of CFOs in navigating complex and evolving sustainability reporting requirements, ensuring assurance-ready sustainability reporting, and driving business value through effective sustainability practices, 60% of organisations cannot forecast the number

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The Mentoring Round | Regi Vengalil, CFO, Trax Retail

CFO Thought Leader

Inside The Mentoring Round , CFO Regi Vengalil reflects on his early days as a CFO, sharing the challenges of overcoming imposter syndrome and learning to trust his own voice. He advises his younger self to have confidence in his insights and not hesitate to share strong perspectives. Vengalil highlights a pivotal moment in his career at Expedia’s corporate travel business, where he realized the importance of factoring in working capital utilization to assess client profitability.

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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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Analysing the Regulatory Environment for Businesses 

CFO Talks

Analysing the Regulatory Environment for Businesses Navigating the regulatory environment in South Africa can be challenging, particularly for CFOs who are responsible for ensuring their companies remain compliant while pursuing strategic growth. This article provides a practical guide to understanding the key regulatory requirements and the role CFOs can play in effectively managing these challenges.

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Tokyo Electron prepares India expansion as Modi lures chipmakers

CFO News

Tokyo Electron Ltd. plans to hire and train chip engineers in India by 2026, aligning with the Modi government's push for semiconductor manufacturing. The company will support Tata Electronics and expects global chip demand to double by 2030. Tokyo Electron aims to expand its market share amid US-China trade tensions.

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Financial restructuring, govt initiatives to push mfg helping India Inc sail through rough seas

CFO News

India, poised to become the world's third-largest economy by decade's end, is on a high-growth trajectory. Despite challenges like high funding costs and sluggish demand recovery, sectors such as consumer products, ecommerce, healthcare, and technology show immense growth potential. Government initiatives and improved corporate governance are boosting investor confidence.

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India jumps 42 spots in 9 years, ranks 39th in Global Innovation Index 2024

CFO News

India has climbed 42 positions in the Global Innovation Index over the past nine years, now ranking first among lower-middle-income economies and 39th globally. This improvement is attributed to Prime Minister Narendra Modi's leadership and the country's focus on fostering innovation. Major cities like Mumbai, Delhi, Bengaluru, and Chennai are among the world's top 100 S&T clusters.

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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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Sebi likely to introduce MF-Lite regulations for passive funds: Madhabi Puri Buch

CFO News

“We had a very detailed consultation on that and if as a part of that you feel that there needs to be relaxation in terms of how to do distribution of those kind of passive funds. We are open to any kind of suggestions so that we can facilitate growth of these funds across the country,” Buch said at an industry event.

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IBBI tweaks norms to speed up insolvency resolution in housing

CFO News

The IBBI has introduced amendments to the Insolvency Resolution Process for Corporate Persons, effective from September 24. These changes include appointing an interim representative for large creditor groups, like homebuyers, to ensure their effective representation during insolvency proceedings. This aims to enhance efficiency and fairness in the insolvency process.

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Govt retains borrowing target, to raise Rs 6.61 lakh crore in H2 to fund revenue gap

CFO News

Weekly borrowing through issuance of Treasury Bills in the third quarter of 2024-25 is expected to be Rs 19,000 crore for 13 weeks with issuance of Rs 7,000 crore under 91 dated treasury bills (DTBs), Rs 6,000 crore under 182 DTBs and Rs 6,000 crore under 364 DTBs.

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Sudden impact: Big 4 audit firms set new terms of engagement after EY worker's death

CFO News

The tragic death of a young chartered accountant at SR Batliboi & Co has led the Big Four firms to implement employee-friendly measures focusing on mental health and work-life balance. These firms are promoting well-being programs, issuing advisories, and seeking feedback to address workplace stress and improve conditions for their staff.

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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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Swiggy refiles IPO papers for Rs 3,750 crore fresh issue

CFO News

The size of the IPO is estimated to be around $1.25 billion, but this could increase before the launch, according to bankers. Swiggy's revenue grew by 33% to Rs 11,634 crore in FY24, with net losses decreasing significantly from Rs 4,179 crore in FY23 to Rs 2,350 crore. The company's Q1 FY25 performance also showed promise with revenue at Rs 3,310 crore, despite a net loss of Rs 611 crore.

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Hope to see Indian corporates in Top 20 R&D investors, none there yet: Vice President Jagdeep Dhankhar

CFO News

Vice President Jagdeep Dhankhar said that India’s economic rise is like a plateau, affecting the world, appreciates the rise from 'fragile five' to 'top five' but at the same time reflected concerns on Corporate India’s focus on Research & Development.

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Ujjivan SFB CFO Ramesh Murthy retires

CFO News

​​Originally scheduled to superannuate on November 24, 2024, Ramesh Murthy has requested to be relieved from his duties earlier, on October 7, 2024 citing personal reasons.

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